Chief Financial Officer

Company: Stealth Ventures at Redesign Health
Location: New York
Posted on: May 16, 2022

Job Description:

Chief Financial Officer (CFO), Rhythm Cardiology
About Redesign
is a healthcare innovation platform. We bring together entrepreneurs, industry experts, and investors to fund and launch companies that transform the healthcare system and empower people to live their healthiest lives. Our first companies include , , , , , , , and stealth ventures in payment integrity, elder care, and complex care. We're capitalized with permanent capital from world-class institutional investors and entrepreneurs.
About the job
We are launching a stealth venture in the tech-enabled physician services space that partners with independent cardiology groups to build the cardiology practice of the future on a national scale. Today's independent cardiology groups are run by physicians with two very difficult and distinct jobs: practicing medicine and running a business. At the same time, demands on cardiologists have never been higher. Cardiovascular disease (CVD) is the costliest and deadliest condition facing society and prevalence is increasing rapidly - by 2035, nearly 50% of the U.S. population will be affected by CVD, costing over $1.1 trillion. Cardiologists are expected to see more patients and provide more comprehensive care, all while dealing with increased administrative tasks, paperwork, and a rapidly changing reimbursement landscape. These trends are increasing physician burnout, lowering patient outcomes, and generating sub-optimal economic results.
Rhythm Cardiology partners with independent cardiologists, enabling them to drive better patient outcomes and economic results. Through proprietary technology and centralized support, Rhythm enables cardiologists to spend less time on administrative tasks and more time with patients. Finally, Rhythm's partnership structure allows independent cardiologists to remain independent while benefiting from the growth of a national platform.
As CFO of Rhythm, you will be our financial leader as we build and launch our business in cardiology health.You will report to the CEO directly.
What you'll do:

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• Build and scale the financial organization for a tech-enabled physician services organization that meets the board's strategic goals for growth and standards of patient care and quality.
  
• Develop and operationalize financial infrastructure and processes, including funds flow and accounting, while collaborating on revenue cycle.
  
• Define and drive continuous improvements across key financial metrics; regularly partner and communicate with the CEO and leadership team on financial priorities to scale the business.
  
• Collaborate with the executive team on strategy and vision to inform operating decisions.
  
• Work with the CEO on strategic partnerships with key clinical entities, technology providers, and payors.
  
• Build and maintain a budget and forecast for the business.
  
• Lead / support M&A due diligence and help to drive acquisition negotiations.
  
  What you'll need:
  
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    • Background
      
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      • 12 -15 - years experience in finance leadership roles
        
      • 5+ years of experience in contract negotiations, M&A, and / or joint ventures
        
      • 3+ years of experience in healthcare / physician services organizations, including time spent with brick-and-mortar clinics
        
      • 3+ years of people leadership experience
        
      • Physician Clinic or "4 Wall" experience
        
      • Understanding of financial modeling, including quality of earnings analysis, and bank / debt financing
        
      • Knowledge of fee-for-service (FFS) & Capitation funds flow management
        
      • Knowledge of revenue cycle management (RCM) / billing technology and operations
        
        
        
      • Skills
        
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        • Financial Acumen: Understands the meaning and implications of key financial indicators. Uses financial analysis and tools to generate, evaluate, and act on strategic options and opportunities.
          
        • Strategic Mindset: Anticipates future trends and implications accurately. Readily poses future scenarios and articulates credible pictures and visions of possibilities that will create sustainable value.
          
        • Decision Quality: Makes sound decisions, even in the absence of complete information. Relies on a mixture of analysis, wisdom, experience, and judgment when making decisions. Considers all relevant factors and uses appropriate decision-making criteria and principles. Recognizes when a quick 80% solution will suffice. Making good, timely decisions that keep the organization moving forward
          
        • Business Insight: Knows how businesses work and how organizations make money. Keeps up with current and possible future policies, practices, and trends in the organization, with the competition, and in the marketplace. Uses knowledge of business drivers and how strategies and tactics play out in the market to guide actions. Readily takes action on challenges.
          
          
          
          
          
          You will work out of one of the following locations:
          
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          • In-office: New York, NY
            
          • Remote: Alabama, Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
            

Keywords: Stealth Ventures at Redesign Health, New York , Chief Financial Officer, Executive , New York, New York