Key Responsibilities:
Financial Strategy and Leadership: Lead the development and implementation of financial strategies that align with the EQA network's business objectives. Working closely with senior leadership to assess and execute growth opportunities, including new hospital openings, network expansions, and franchisee support.
Financial Planning and Analysis: Lead the preparation and analysis of monthly, quarterly, and annual financial reports, providing insights and recommendations to improve financial performance in line with budgeting forecasts.
Financial Reporting and Compliance: Ensure timely and accurate financial reporting to senior management, stakeholders, and regulatory bodies, in compliance with all applicable healthcare financial regulations and standards.
Revenue Cycle Management: Oversee the financial aspects of the network revenue cycle, including billing, collections, and accounts receivable, working with franchisees to optimize cash flow and reduce outstanding receivables.
Cost Control and Profitability: Develop and implement strategies to control costs across the EQA network, focusing on operational efficiencies, staffing models, and supply chain management.
Franchisee Financial Support: Work closely with franchisees to monitor their financial performance, identifying opportunities for improvement and providing support in areas such as budgeting, financial reporting, and cost management.
Risk Management and Internal Controls: Lead efforts to identify, assess, and mitigate financial risks across the network, including potential compliance issues, revenue shortfalls, and operational inefficiencies.
Team Leadership and Development: Lead and mentor the finance team, fostering a culture of high performance, collaboration, and continuous improvement.
Qualifications
Qualifications, Professional Memberships, Experience, Competencies & Skills:
Bachelor's degree in Finance, Accounting, Healthcare Administration, or a related field
Master's degree is an added advantage
CPA preferred
Minimum of 10 years of experience in financial management, with at least 5 years in a leadership role within the healthcare sector, preferably in a hospital or multi-site healthcare system.
Experience working in or with franchised businesses, particularly in healthcare, is highly desirable.