Fractional Chief Financial Officer (CFO)

Job description

About Plutus Health Inc.: Plutus Health Inc. is a premier provider of Revenue Cycle Management (RCM) services, dedicated to optimizing financial performance for healthcare providers through innovative technology and expert solutions. As we expand our operations, we are seeking a highly experienced Fractional CFO to join our executive team and provide strategic financial leadership. Position Overview: The Fractional CFO will play a pivotal role in managing and directing the financial operations of Plutus Health Inc. This C-suite executive will be responsible for developing financial strategies, managing financial departments, and ensuring the overall financial health of the organization. The ideal candidate will have extensive experience in financial management within the healthcare or RCM sector. Key Responsibilities: 1. Strategic Financial Leadership: - Develop and implement financial strategies that align with the company’s long-term goals. - Provide financial insights and recommendations to the CEO and executive team to support decision-making. - Lead the financial planning, budgeting, and forecasting processes. 2. Financial Operations Management: - Oversee all financial departments, including Accounting, Reimbursement and Utilization Review. - Ensure accurate and timely preparation of financial reports that reflect the company’s financial position. - Manage resource allocation and prepare the annual budget. 3. Regulatory Compliance and Reporting: - Ensure compliance with all regulatory requirements and timely submission of financial data and associated reports. - Direct the preparation and submission of payroll tax reports, public disclosure reports, and third-party payer cost reports. 4. Performance Analysis and Improvement: - Analyze financial performance metrics to identify trends and opportunities for cost reduction and revenue enhancement. - Monitor financial and economic indicators to inform strategic planning and investment decisions. - Report undesirable trends and potential business opportunities, providing actionable recommendations. 5. Operational and Capital Planning: - Assist the CEO in developing long-term and short-term operational plans, including service demand analyses, resource availability analyses, and productivity assessments. - Develop and manage operational and capital budgets in line with the company’s strategic objectives. 6. Stakeholder Communication and Leadership: - Communicate financial performance and operational updates to senior administration and relevant stakeholders. - Lead, mentor, and develop the finance team to enhance their skills and capabilities. 7. Contract and Financial Arrangement Review: - Review contracts, purchase agreements, and other financial arrangements to ensure they align with the company’s business goals and profitability expectations. - Maintain accuracy of the charge master and maximize net reimbursement for the facility. Qualifications: - Bachelor’s degree in Accounting, Finance, or a related field. - Minimum of 10 years of progressive financial leadership experience, including roles such as Financial Controller, Assistant CFO, or VP of Finance. - CPA or other relevant professional certifications preferred. - Strong analytical, strategic thinking, and leadership skills. - Excellent communication and interpersonal abilities. - Proven experience in the healthcare or RCM industry is highly desirable. - Proficiency in financial software is required . Why Plutus Health Inc.: - Opportunity to work with a dynamic and innovative team. - Play a key role in shaping the financial future of a growing company. - Competitive compensation and benefits package.