Job Description

Job Title: Finance Director

Salary Range: $160,000 $180,000 Annually

About Us:

Reproductive Partners San Diego is a leading Southern California fertility clinic, internationally and nationally recognized for our success in IVF in vitro fertilization, egg freezing and other fertility treatments for our patients.

Job Summary:

The Financial Director is a key leadership role responsible for overseeing all aspects of Revenue Cycle Management (RCM) and financial operations within the organization. This individual will ensure the efficiency and financial health of the practice by managing insurance benefits verifications, authorizations, financial counseling, billing operations, accounting, banking, group purchasing, and financing.

The Financial Director will report directly to the Executive Director and the Owners of the practice, providing strategic financial guidance and ensuring compliance with industry regulations and best practices. Your responsibilities will include, but are not limited to:

Key Responsibilities:

Revenue Cycle Management (RCM):

1. Develop and implement policies and standard operating procedures to bring efficiency to all areas of RCM.
2. Oversee and optimize all areas of the revenue cycle, including insurance benefits verification, authorizations, claims submissions, and collections.
3. Manage financial counseling to assist patients with payment plans and financial assistance options estimates.
4. Supervise the central business office, ensuring accurate and timely billing and coding compliance.
5. Monitor and improve denial management processes to minimize revenue loss.
6. Establish a relationship with insurance payers, renegotiate contracts as needed, resolve payer disputes, and ensure compliance with contracting.
7. Ensure compliance with payer contracts, state and federal regulations, and best practices in medical billing.
8. Manage the Practice Management/EMR system to ensure that system settings like insurance payers, fee schedules, procedure codes, payer contracts, etc. are updated regularly.

Financial Operations & Accounting:

1. Manage the practices accounting functions, including general ledger, accounts payable/receivable, and payroll.
2. Oversee banking operations, including cash flow management and reconciliation of financial transactions.
3. Develop and implement financial policies, procedures, and internal controls to safeguard assets.
4. Prepare financial reports, forecasts, and budgets for executive leadership.
5. Ensure timely completion of tax filings, audits, and other regulatory financial obligations.
6. Oversee group purchasing strategies to optimize cost savings and vendor relationships.
7. Identify and evaluate financing opportunities, including loans, investments, and grants, to support business growth.
8. Negotiate contracts with vendors, service providers, and financial institutions to secure favorable terms.

Leadership & Compliance:

1. Lead and mentor financial and billing teams, ensuring high performance and professional development.
2. Ensure compliance with HIPAA, CMS, and other healthcare finance regulations.
3. Collaborate with clinical and administrative leadership to support financial decision-making.
4. Monitor industry trends and legislative changes affecting revenue cycle and financial operations.

Other Duties as Assigned:

1. Other duties as assigned by the executive director or owners.

Required Skills/Abilities:

1. Strong analytical and problem-solving skills.
2. Excellent leadership, communication, and negotiation abilities.
3. Deep knowledge of medical billing, coding, insurance reimbursement, and healthcare compliance.

Qualifications:

Education: Bachelors degree in Finance, Accounting, Business Administration, or a related field (Masters preferred).

Experience: Minimum of 5-7 years of experience in healthcare finance, revenue cycle management, or a similar leadership role.

Technical Skills: Proficiency in RCM software, EHR systems, QuickBooks, and financial reporting tools.

Physical Requirements:

1. Prolonged periods of sitting at a desk and working on a computer.
2. Must be able to lift 15 pounds at times.
3. Must be able to access and navigate each department at the organizations facilities.

To perform the job successfully, an individual should demonstrate the following competencies:

1. Customer Service: Displays courtesy and sensitivity; manages difficult or emotional patient situations; responds promptly to patient needs; meets commitments.
2. Dependability: Commits to doing the best job possible; follows instructions, responds to management direction; keeps commitments; meets attendance and punctuality guidelines; responds to requests for service and assistance; takes responsibility for own actions.
3. Job Knowledge: Competency in required job skills and knowledge; displays understanding of how job relates to others; exhibits ability to learn and apply new skills; requires minimal supervision; uses resources effectively.
4. Teamwork: Balances team and individual responsibilities; exhibits objectivity and openness to others views; gives and welcomes feedback; contributes to building a positive team spirit; puts success of team above own interests.

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Employees will follow any other instructions and perform any other related duties as assigned by their manager.

RPSD is an equal opportunity employer and welcomes applicants from all backgrounds to apply.

Job Tags

Similar Jobs