Chief Financial Officer
About IHI
At Innovative Hematology, Inc. (IHI), we offer a future where people with rare blood disorders flourish. Our experts provide the highest quality comprehensive services and holistic care to patients with bleeding, clotting, and other hematologic disorders, and to their families.
THE OPPORTUNITY:
The Chief Financial Officer (CFO) is responsible for planning, organizing and directing all financial aspects of IHI and its affiliates, as well as collaborating with and assisting the Chief Operations Officer with the strategic planning of the Center. The organization is experiencing continued growth and development of new programs and services while maintaining a strong commitment to quality, patient access, and financial stewardship.
What You Will Do
The CFO serves as a key member of the executive leadership team and will play a central role in shaping organizational strategy, overseeing financial operations, guiding investments and risk management, supporting federal and state program compliance, and ensuring the financial resources necessary to sustain and expand the organization's mission. This opportunity is ideally suited for a values-driven leader who is energized by complex healthcare environments and motivated by the opportunity to make a meaningful impact on patients, providers, and the communities served.
The ideal Chief Financial Officer will be a strategic and operational finance executive who combines deep healthcare financial expertise with a collaborative leadership style. This individual will bring at least ten years of progressive healthcare and nonprofit financial leadership experience, including significant responsibility for revenue cycle management, reimbursement strategy, financial reporting, budgeting, and internal controls. A CPA and accomplished business partner, the successful candidate will be equally comfortable presenting complex financial matters to the Board of Directors and Finance Committee as they are working alongside operational and clinical leaders to evaluate new programs, improve organizational performance, and advance the long-term sustainability of the organization. The ideal executive will be recognized for developing high-performing teams, exercising sound judgment, maintaining rigorous compliance standards, and translating financial data into clear, actionable business insights.
ESSENTIAL FUNCTIONS:
1. Oversees and further develops a high-performing team that provides a broad range of financial functions, including accounting and reporting, budgeting, revenue cycle management, pricing, treasury and payer relations. Establishes performance plans and goals for direct reports and their teams and evaluate outcomes annually.
2. Provides strategic financial oversight aimed at strengthening the climate of accountability for financial performance, affordability of care and mission.
3. Sets standards of performance for department personnel, ensure adherence to all company philosophies, procedures, and regulations. Oversees departmental policy and procedure development and review.
4. Facilitates and enhances the use of business intelligence, including key performance indicators and metrics, to provide business insight and better decision-making.
5. Directs all general accounting functions including annual financial audits, tax filings and financial reporting and analysis.
6. Provides executive leadership and oversight of the organization's revenue cycle operations, ensuring accurate, timely, and compliant reimbursement for services rendered.
7. Leads the strategic planning process for the Center’s long-term and annual financial planning and budget cycles. Monitors departmental budgetary performance.
8. Provides direction to all management staff related to the performance of financial management matters.
9. Serves as collaborative partner with senior leadership team to establish and monitor a wide range of strategic, financial, operational, clinical and administrative goals.
10. Establishes and maintain relationships with vendors and pharmaceutical manufacturers and related contracts. Leads organizational procurement initiatives.
11. Participates in the development of new programs and services, specifically: Assists the Executive Leadership team in analyzing prospective opportunities, drafting prospective programmatic budgets and determining cost effectiveness.
12. Develops and maintains systems of internal controls to safeguard financial assets of the organization and oversee Federal and State awards and programs. Ensures compliance with the organization’s policies and procedures.
13. Oversees the internal audit function, ensuring independent assessment of financial, operational, and compliance risks and timely remediation of audit findings.
14. Interacts with Board of Directors and Finance Committee regarding financial statements, investments (both Corporate and IHI-sponsored retirement accounts) and their performance.
15. Maintains banking relationships and credit facilities.
16. Oversees business insurance plans and collaborates on employee benefit plan design and administration.
17. Reviews billing and collection reports and makes corrective recommendations.
18. Oversees the maintenance of the inventory of all fixed assets.
NON-ESSENTIAL FUNCTIONS: N/A
TRAVEL: Minimal travel required for business meetings and conferences.
WORK ENVIRONMENT: Position is in a well-lighted, professional office environment.
MENTAL/PHYSICAL REQUIREMENTS: Combination of sitting, standing and walking. Occasional stress in balancing multiple demands and workload.
Requirements
EDUCATION:
- Bachelor’s degree required, Master’s degree, preferred.
EXPERIENCE:
- Minimum 10 years of experience in healthcare and nonprofit organizations, required.
- Minimum 5 years of experience with oversight responsibility of revenue cycle management, required.
- ALTERNATIVE TO MINIMUM:
- None
OTHER REQUIREMENTS:
- Licensed Certified Public Accountant in good standing
PERFORMANCE REQUIREMENTS:
Knowledge:
1. Principles of financial management sufficient to direct professional staff and coordinate all aspects involved with fiscal requirements.
2. Financial and budgetary practices to develop annual budget, analyze financial data and patterns and prepare financial statements.
3. Strategic business objectives and employee performance objectives.
4. Governmental and healthcare fiscal regulations and reporting requirements.
5. Principles of medical billing sufficient to direct staff and assess compliance with regulatory guidelines and performance of department.
6. Public and Private health insurance concepts, contracts and enrollments.
Skills
1. Exercising a high degree of initiative, judgment, discretion and decision-making to achieve objectives.
2. Evaluating operations as they relate to policies, goals, objectives and costs.
3. Establishing and maintaining effective working relationships with patients, medical staff and the public.
4. Identifying and resolving accounting and financial problems.
Abilities
1. Create an atmosphere that encourages motivation, innovation and high performance.
2. Delegate responsibility and authority to staff.
3. Communicate effectively and clearly.
All IHI employees are expected to enable multi-factor authentication via their personal smart phone/smart device in order to access IHI systems as a requirement of the role.
This position is open to residents of the State of Indiana, and requires routine presence at our Center in Indianapolis, IN. Frequency of on-site presence is dependent upon role and department needs.
Benefits
Why join our team?
IHI is a not-for-profit program based in Indianapolis and offers a competitive salary and benefit package.
IHI is the only federally designated comprehensive hemophilia program in Indiana and serves the entire state through services available in Indianapolis and at outreach clinics.
IHI is a leader in hemophilia care, education and clinical research and has a dedicated on-site multidisciplinary staff to ensure availability of a wide range of required services.
IHI participates in national and international clinical research, including new infusion products and therapies, investigation of long-term outcomes, and the impact of associated conditions. The IHI research program provides patients access to new therapies, and an opportunity to improve care. Our center has more than 70 clinical research projects involving bleeding disorders, sickle cell disease, thrombosis and more.
Innovative Hematology Inc. is an Equal Opportunity Employer.
Skills
As published by workable · 28 questions · 2 written answers
Basics
First name, Last name, Email, Headline, Phone, Address, Education, Experience, Resume, Cover letter
Short answers (14)
- What is your desired salary?
- How did you find out about this position? If an employee referral, please list their name.
- Have you ever been discharged from a job? If yes, please explain.
- If specified in the job posting, do you possess a valid driver's license and insured automobile? If this is not specified in the job posting, please list "N/A".
- As listed in the job posting, all IHI employees are expected to enable multi-factor authentication via their personal smart phone/smart device in order to access IHI systems as a requirement of the role. Please initial below to indicate your understanding.
- Innovative Hematology, Inc. is an equal opportunity employer. Employment opportunity and position advancement shall extend to all people without regard to sex, race, color, religion, sexual orientation, disability, age, national origin, ancestry, military status, or any other legally-protected category. This policy includes, but is not limited to, employment, promotion, demotion, transfer, recruitment, recruitment advertising, lay-off, termination, rates of pay, other forms of compensation, and selection for training. Please initial below to indicate your understanding.
- Innovative Hematology, Inc. participates in the federal E-Verify program. All new employees must successfully pass an E-Verify Check. For more information about E-Verify, visit: www.e-verify.gov. Please initial below to indicate your understanding.
- Please share your current or most recent salary.
- I certify that all the information given by me on this Application or in supplemental form is true and correct to the best of my knowledge and belief. I further understand that false or misleading statements on this Application or supplemental forms are sufficient cause for my dismissal if I am hired. Please initial below to indicate your understanding.
- I acknowledge, agree, and understand that if any of the information is found to be false, it is grounds for disqualification or immediate dismissal. I hereby give permission to IHI or its affiliates to consult with previous employers, educational institutions, references and with other sources such as government databases (i.e. HHS/OIG/GSA) to verify the information contained within this application or provided by me on supplemental documents to learn of my ability and work history, and I authorize any such organizations or individuals to provide the requested information. I hereby release my previous employer, acquaintances and all other sources providing information to IHI or its affiliates, from all liability for any damage whatsoever resulting from issuing information concerning me. I also agree to release IHI or its affiliates from any claims I may have arising from their requests for information related to this application. Please initial below to indicate your understanding.
- I acknowledge, agree, and understand that none of IHI's or its affiliates' practices or policies are to be construed as imposing any binding obligations on IHI, and that they are subject to change or deletion at any time by IHI or its affiliates in its sole discretion. Please initial below to indicate your understanding.
- I acknowledge, agree, and understand that IHI or its affiliates reserves the right to require tests for alcohol or drugs during the course of my employment, consistent with applicable law, including but not limited to the Americans with Disabilities Act. I authorize any health care professional or testing facility who performs such an examination or who has other information concerning my test results to release such information to IHI or its affiliates and that drug test results with a positive outcome for any illegal substance will result in disciplinary action, up to and including termination of employment. Please initial below to indicate your understanding.
- I acknowledge, agree, and understand that should I be employed by IHI or its affiliates my employment is "at will", meaning that either party may end or terminate the relationship at any time for any reason, with or without notice or cause. There is no promise or guarantee of employment or that my employment will continue for any specific period of time. Any verbal discussions about my employment by IHI representatives are not binding upon IHI or its affiliates. My eligibility for specific terms and conditions of employment must be confirmed in writing by a duly authorized IHI representative. Please initial below to indicate your understanding.
- I acknowledge, agree, and understand that any offer of employment I may receive is conditioned on me successfully passing, to IHI's satisfaction, IHI's background check (including, but not limited to, criminal and civil) as well as any applicable fit-for position or other tests that IHI or its affiliates requires for the position I am seeking. Please initial below to indicate your understanding.
Pick from a list (12)
- What is your highest level of completed education?
- Do you have any professional licensures or certifications?
- Have you ever had action taken against your professional license? (If you do not have a professional license, write "no").
- Have you previously worked for IHI or affiliates or held contract employment for IHI?
- Are you 18 years of age or older?
- Have you served in the United States military? If so, please list branch and dates of service. If no, please enter "N/A"
- Can you perform the essential functions of this job without accommodations?
- Are you the parent or legal guardian of a minor (under the age of 18) that is currently or was a patient of IHI or its affiliates within the last five (5) years?
- Are you a current or former, within the last five (5) years, patient of IHI or its affiliates?
- Do you have any relatives who are currently employed by, or who worked in the past five (5) years for IHI or its affiliates?
- Are any relatives of yours (whether members of your immediate family or not) physicians that (1) are employed by IHI or its affiliates, (2) refer patients to IHI or its affiliates, or (3) are otherwise affiliated with IHI?
- Are you legally eligible for employment in the United States?
Written answers (2)
- If yes on the question above, please list licenses, issue date, and expiration date (if applicable). If no licenses or certifications, please enter "N/A"
- Please provide starting and ending salary for each role you have worked within the past 10 years.