What are the responsibilities and job description for the Interim CFO (Turnaround) position at Warbird Consulting Partners?
Warbird Healthcare Advisors actively seeks experienced consultants to be considered for an Interim Turnaround CFO role with hospital in California. Our ideal candidate will have a strong cost reporting expertise and extensive experience running rural clinics and Critical Access Hospitals preferably in the California market. This individual will serve as a financial partner to the CEO and propose alternative approaches to ensuring organizational solvency.
Location: Hybrid (CA)
KEY RESPONSIBILITIES:
Location: Hybrid (CA)
KEY RESPONSIBILITIES:
- Develop new and existing business financial modeling.
- Create service line PL statements based on net revenue and direct expenses for acute/swing bed, LTC, individual outpatient clinics, and home health services.
- Create new service line proformas.
- Evaluating future service line opportunities, ex. OP PT.
- Develop key financial indicator reports with national benchmarks.
- Provide hands-on cash management analysis and services.
- Assess solutions for ensuring continued operations, including financing options and partnerships.
- Mentoring, training of all key leadersincluding the Finance team.
- Perform ongoing assessment of Clinics, LT care for possible closure.
- Review and develop strategies for maximizing cost reports.
- Develop FYE '26 budget.
- Implement a productivity system for managers to staff according to volume metrics in each department.
- Review all current contracts; develop strategies for renegotiating and/or terminating contracts.
- Assess the expense structure and provide recommendations based on industry benchmarks.
- Manage the RFP process for selecting an outsourced company to maximize collections.
- Review; develop charge master strategy.
- Review managed care contracts; create MC strategy to maximize revenue.
- Bachelors degree in Accounting or business-related field.
- CPA or Masters degree a plus.
- Minimum 8 years successful CFO experience in a healthcare setting.
- Experience in turn-around and Performance Improvement operational and advisory services.
- Proven financial analysis skills.
- Demonstrated leadership ability.
- Strong understanding of key profitability drivers: revenue, expenses, overhead, and debt burden.
- Have a sense of urgency to identify and solve problems, implement solutions, and sustain the gains.
- CPSI experience preferred
