Chief Financial Officer, Valley Medical Center

The Chief Financial Officer will serve as a strategic and operational leader responsible for the financial health and long-term sustainability of Valley Medical Center, a 341 bed, public district hospital in Renton, Washington. This executive will ensure the integrity of financial reporting and controls while also driving disciplined planning, performance management, and enterprise decision support to help Valley deliver on its mission as an independent, community-based health system. The CFO will oversee core financial functions and key enabling areas that are critical to organizational stability and growth, including finance, audit, budgeting and forecasting, cash and balance sheet stewardship, revenue cycle and patient financial services, payor contracting, labor productivity, patient access, health information management, and supply chain. In partnership with the CEO, executive leadership team, medical staff, and Board, the CFO will help Valley achieve durable operating performance so the organization can invest in capital, infrastructure, and care model evolution for the communities it serves.

Experience and Professional Qualifications

• Minimum ten (10) years of experience at the executive financial leadership level, leading large, multi-faceted departments within a complex healthcare delivery environment; independent/community or standalone hospital experience strongly preferred.
• CPA strongly preferred; alternatively, a demonstrably strong financial accounting and controllership foundation with deep balance sheet expertise.
• Detail oriented, demonstrated success with financial strategy, decision support, and financial modeling and analytics within a complex healthcare delivery system.
• Demonstrated strength in cash management, liquidity planning, and balance sheet stewardship, including maintaining financial flexibility to support ongoing capital and infrastructure needs.
• Strong ability to build standardized processes, prioritize tasks and delegate duties.
• Proven analytical skills in problem-solving techniques.
• Background with process improvement.
• Demonstrated knowledge of accounting, finance, budgeting, revenue cycle, supply chain, and reimbursement.
• Demonstrated knowledge of payment systems with third party payors adequate to allow development of complex financing structures; experience with payor contracts and contracting strategy required.
• Experience supporting value-based care arrangements and ACO-related financial models; ability to partner with leadership to improve rate performance and contracting outcomes.
• Demonstrated knowledge of provider-based compensation and productivity models.
• Demonstrated strategic thinker who is visionary, innovative, creative, and willing to take appropriate risks.
• Demonstrated ability to assemble a highly qualified and effective management team and the corresponding ability to mentor, develop, and delegate to that team.
• Successful track record of building consensus while making and implementing decisions critical to organizational interests, including the ability to appropriately challenge and influence.
• Substantial involvement with planning and implementation of capital projects and the ability to integrate new and efficient care models.
• Experience with business development and strategy.
• Demonstrated knowledge of labor negotiations and their financial impact on the organization; union experience strongly preferred.
• Demonstrated experience in financial planning and budget development for complex health systems.
• Knowledge of RCWs and corporate compliance theory and programs.
• Demonstrated experience with current coding and Charge Master concepts.
• Demonstrated knowledge in developing viable financial structures for new programs, joint ventures, and practice acquisitions.
• Demonstrated experience with innovative expense reduction initiatives for salary and non-salary expenses.
• Experience developing financial strategies that promotes improved clinical performance.
• Strong communicator and partner to the CEO and executive leadership team, with the presence to navigate an experienced leadership environment and communicate effectively with a range of stakeholders, including elected and appointed governance.
• Community-centric lens and commitment to Valley Medical Center's mission and stakeholders.
• Maturing in judgment, broad thinking, and intellectually agile.
• Demonstrated integrity and honesty and adherence to VMC's professionalism policy.

Education

Master's degree with a concentration in Business Administration, Finance or Accounting, required.

Korn Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis. Artificial Intelligence tools may be used in connection with the recruitment process for this position.