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Chief Financial Officer

Employer
University of California, Davis Health
Location
California, United States
Salary
Competitive Salary
Posted date
Oct 14, 2021

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Position Type
Administrative, Business & Administrative Affairs, Financial Affairs, Executive, Other Executive
Employment Level
Administrative
Employment Type
Full Time
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UC Davis Health seeks an outstanding individual with exceptional strategic, financial, and interpersonal capabilities to serve as Chief Financial Officer.

 The Chief Financial Officer (CFO), UC Davis Health is responsible for the overall financial operation of UC Davis Health, which includes the School of Medicine, Betty Irene Moore School of Nursing, Medical Center, and the Medical Group. In all, UC Davis Health is a $4 billion-revenue enterprise. The CFO reports to the Vice Chancellor of Human Health Sciences and CEO of UC Davis Health, Dr. David Lubarsky. The CFO has a dotted-line reporting relationship to the Vice Chancellor – Finance, Operations, and Administration, Davis campus to ensure that there is communication and coordination of financial planning and analysis between the Davis and Sacramento campuses of UC Davis.

 UC Davis Health advances each element of the University’s mission: education, research, and patient care. Its highly integrated organizational structure – medical center, schools, and faculty practice – gives it the opportunity to define and pursue transformative initiatives. An important dimension of the CFO’s role is to sustain synergy among Health’s constituent units and their various mission areas and business activities. The CFO plays a central role in identifying mission-related initiatives and in designing the financial framework for their pursuit – including by optimizing how the various parts of Health align around each objective. The CFO is also responsible for developing and implementing Health’s capital program, which is currently valued at nearly $7 billion and includes a new hospital tower and a new surgical center. While the CFO works directly with the UC Health division of UC Office of the President (UCOP) on financing and executing Health’s capital program, the dotted-line relationship with the Davis campus Vice Chancellor enables efficient integration of Health needs and objectives into overall institutional planning as well as effective engagement with UCOP.

 The CFO must possess a broad-based knowledge of the full range of financial issues facing academic health centers and schools of health, encompassing financial and capital planning, funds-flow models, and reimbursement including relevant management reporting techniques. Knowledge of and experience in the California healthcare marketplace, including familiarity with payors, regulators, and competitors and academic health systems, is especially welcome.  Understanding multiple sources of supplemental funding from 340B to state available waiver and public hospital IGT supported Medi-Cal funding is essential. 

The successful candidate will have expertise in healthcare finance, a strategic orientation suited to a growth environment, and excellent communication skills, integrity, empathy, and emotional intelligence. Candidates will possess the capacity to balance a vision of the whole with attention to the parts, the ability to put institutional interests first, and the acumen to engage complex institutional dynamics with an eye towards shared understanding and strategic alignment. A demonstrated commitment to diversity, equity, and inclusion with a record of measurable impact that evidences this commitment is required, as is financial leadership at a large health system. Experience in an academic medical center is valued but not required.

UC Davis Health is the only academic medical system between San Francisco and Portland and between the Pacific Ocean and Salt Lake City.  It serves 33 of California’s 58 counties as the only Level One Trauma Center and is an indispensable quaternary care center across this very large region. As one of five major academic medical centers within the University of California system, UC Davis Health harnesses the power of the University’s nationally ranked resources and research to tackle the most pressing health care issues facing the world today and works in close partnership with the main campus. UC Davis Health’s clinicians and researchers include faculty partners from renowned schools including the world’s best School of Veterinary Medicine, the nation’s best College of Agricultural and Environmental Sciences, the College of Biological Sciences, and the College of Engineering.

 

UC Davis Health has retained Opus Partners to support this recruitment. Craig Smith, Partner, and Thomas Lapierre, Senior Associate, are leading the search. Confidential inquiries, applications, and nominations can be sent to thomas.lapierre@opuspartners.net.

 To apply, candidates must provide a resume and a letter of interest. UC Davis Health values diversity, equity, and inclusion and will seek a leader who is committed to promoting these values. We encourage candidates to include in their cover letters how they have promoted these values in their career and/or how they would plan to do so in this role.

 

UC Davis Health values diversity and is committed to equal opportunity for all persons regardless of age, color, disability, ethnicity, marital status, national origin, race, religion, sex, sexual orientation, veteran status, or any other status protected by law.

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