Job Information
UR Medicine Home Care Vice President - Finance in Rochester, New York
About UR Medicine Home Care
UR Medicine Home Care is an affiliate of the University of Rochester. Our Mission is to preserve and enhance the quality of life for the people and communities we serve by providing comprehensive, high quality health care at home, delivered with compassion and integrity.
About the Role
UR Medicine Home Care is seeking an accomplished and forward-thinking Vice President of Finance to lead and optimize the financial performance across our diverse healthcare and community service entities. This vital role oversees financial operations for UR Medicine Home Care’s CHHA, LHCSA, Hospice and Meals on Wheels. As the Vice President of Finance, you will play a key role in shaping and implementing financial strategies that maximize reimbursement, control costs, and enhance resource utilization across the organization.
In addition to providing strategic financial oversight, this position encompasses executive management responsibilities for Information Technology Services and selected support operations, ensuring seamless, cost-effective support for the agency's mission. If you are a results-driven financial leader with a talent for maximizing efficiency and a passion for healthcare, we invite you to apply and contribute to the continued success of UR Medicine Home Care and our community.
Responsibilities
Develops and administers management information, statistical reporting systems and financial analysis to meet URMHC objectives. Reviews and evaluates financial and statistical reports for purposes of management control, planning, and reporting to the President, Board and Board Committees, and regulatory compliance.
Advises President of financial aspects of matters relating to staffing, compensation, resource allocations, agency policies, regulatory issues and tax issues. Monitors and provides information relative to agency pension plan and other investments.
Serves as executive staff liaison to the Finance Committee, and Audit Committee for URMHC Board of Directors as outlined in the bylaws. Works with Committee Chairs to establish meeting schedules, agendas and assist with meeting facilitation. Provides and presents data and reports to support governance decision making. Is responsible to ensure Committee membership is appropriate to meet bylaw requirements, works with CEO to recruit new members as needed.
Collaborates closely with Senior Financial leadership of the Medical Center and hospitals to create and maintain a long-range financial plan focused on increasing revenues and reducing expenses.
Supervises and assists with the preparation, presentation, and administration of the budget for all URMHC companies. Establishes realistic time frame for development and presentation of the URMHC budget and meets deadlines for budget submissions.
Supervises annual independent audit, third party audits and presentation of all annual statistical and financial reports, i.e., Cost Reports, New York State Reports, United Way Beneficiary Report. Determines preparation schedule and meets deadlines for submission.
Manages and supervises all financial accounting functions for URMHC. Oversees UR Medicine Home Care, Foundation Inc. Accounts and tax reporting requirements for all URMHC companies as required.
Acts as liaison with Medical Center Information Systems Division for all IT related issues and needs.
Sets expectations, develops plans, and manages processes to improve the organization’s performance and shares goals and objectives through the strategic planning process.
Works in collaboration with senior leadership to develop business plans, ROI analyses, and cost-benefit valuations for new program opportunities, expansion of existing service lines, and/or evaluation of existing programs. Uses business modeling and pro-forma analysis to make recommendations on new or changing business opportunities.
Oversees cash flow management and sets accounts payable priorities. Works in close communication with vendors to manage payment plans and timing issues. Maintains strong relationships with banking partners and University Treasury department as it relates to cash flows and managing the line of credit.
Oversees and is responsible for all aspects of the revenue cycle from authorizations to payment posting. Is actively involved in managing outsourced billing services, reducing bad debt, and decreasing Accounts Receivable.
Works closely with URMC Payer Contracting & Reimbursement department on payor contracts including providing statistics and modeling / valuation of new proposals.
Responsible for contract management including RFP process, development of contracts with new vendors and renewals with existing vendors and ensures proper maintenance of contract database system.
Accountable for understanding/applying performance improvement and LEAN principles/methods for continuous improvement in all aspects of the areas under his/her direction. Re-prioritizes performance improvement priorities in response to unusual or urgent events.
Assists with and/or executes special projects, such as grant proposal development, administration of grants, Certificate of Need applications, and participation on industry committees. Provides input on issues affecting home care industry, etc.
Manages staff of approximately 25 employees. Practices participative leadership by coaching staff and role-modeling open door policy and by being visible and accessible.
Promotes and participates in public information activities including support of fund-raising efforts and community programs.
Responsible for the Key Performance Indicators (KPI’s) established by their manager.
Other duties or projects assigned by President or senior financial leadership of URMC.
*Note: The above information on this job has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Expectations
Values: Perform all responsibilities in a manner that serves UR Medicine Home Care’s Mission and upholds the organization’s ICARE values of Integrity, Compassion, Accountability, Respect, and Excellence.
Safety: We expect our employees to follow all objectives for safe work performance and be responsible for their own actions and conduct. Our employees also play a significant role in the success or failure of our organization.
Qualifications
Education & Experience: Applicants must possess the following qualifications or an equivalent combination of education and experience:
Education: Master’s degree in Business, Public or Health Administration; preferred; Undergraduate degree in Accounting, Finance, or General Business required.
Experience: Minimum of five years’ experience in health care finance or accounting.
Licensure, Certification, and/or Credential Requirements: CPA preferred
Knowledge, Skill, & Ability Requirements:
Knowledge of accounting principles, third party reimbursement rules and regulations, financial management, and management information systems.
Excellent verbal and written communication skills.
Excellent leadership skills. Role model of accountability and integrity.
Knowledge and experience in strategic planning and implementation.
Knowledge and ability in budgeting and operation analysis.
Ability to manage and coach others effectively.
Visionary thinker and ability to plan for the future.
Technical & Systems/Equipment Proficiencies
Microsoft 365
Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity or expression, age, protected veteran status, qualified individual with disability status, or any other protected class.
Salary Range: $107,120 - $211,702
