Chief Financial Officer, UCLA Health System

Job Description

UCLA Health seeks an experienced, strategic and visionary Chief Financial Officer to advance and promote our four missions: education, research, clinical care and community engagement. 

The CFO UCLA Health (“CFO”) reports to the President, UCLA Health and CEO, UCLA Hospital & Clinic System.  The CFO has an Associate CFO reporting to them as well.

The CFO is responsible for the Hospital System, financial operations, financial reporting, financial planning and analysis, decision support, budgeting/accounting systems and procedures, revenue cycle management including patient admitting and registration department, capital budget planning, managed care contracting, and Hospital System purchasing and procurement processes.  The CFO leads the annual operating and capital budgeting process for the health system and participates actively on all committees for the funds flow to the David Geffen School of Medicine.  The CFO provides oversight from the health system on the Strategic Support Committee for the approval of support agreements and participates in the UCOP budget review related to UCLA Health’s contributions.

UCLA Health advances and promotes four missions: education, research, clinical care and community engagement.  An important element of the CFO’s role is to collaborate among UCLA Health’s constituent units and their various mission areas and business activities. The CFO is responsible for the recommendation and management of UCLA Health operating budgets, short-term and long-term forecast/projections, financial plans as well as capital budgets and developing plans of capitalization and finance of UCLA Health.   The CFO will be a strategic, visionary leader who also has the ability to develop successful financial models to support the clinical care, teaching and research aspects of UCLA Health, and will inspire transparency and collaboration across all entities in UCLA Health and the University. The CFO will need to understand all aspects of the organization’s missions and visions.

The CFO represents the Health System in various activities of these financial units and serves on appropriate University of California Office of the President (“UCOP”) CFO work group and other groups as assigned. UCLA and local committees representing these units and UCLA Health as a whole.

In consultation with the President, UCLA Health and CEO, UCLA Hospital System and the Executive Leadership Team, the CFO is responsible for communicating to all staff and faculty the status of the financial condition of the Health System and its units. This includes keeping leaders and managers abreast of changing economic conditions, providing relevant information, and educating staff about financials with key performance metrics that relate to vision/strategy in a way that non-financial professionals can easily understand.

The CFO participates in the School of Medicine, Hospital System, and Faculty Practice Group long-range planning processes and represents the financial operations of the Health System on appropriate leadership committees. The CFO coordinates with and enables the efficient work of internal and external audit functions. The CFO is responsible for ensuring sound business and financial practices are followed in compliance with federal and state regulations as well as contracts with third-party payors, Medicaid and Medicare.  The CFO will also ensure that all Health System units adhere to applicable fiscal and administrative policies and maintain systems of internal control to safeguard the financial integrity of UCLA Health.

The CFO is responsible for taking the lead role in collaborating and coordinating financial strategies and reporting for the entire UCLA Health entity with the CFO of FPG and the Senior Associate Dean, Finance and Administration of the DGSOM. This coordinating function includes developing consolidated reports, budgets and presentations requested by the UCOP, campus leadership  and the Vice Chancellor for Health Sciences which summarize financial data from the UCLA Health System (hospital system plus FPG) and the DGSOM.

The CFO is responsible for approximately 575 FTE’s representing the diversity of staff classifications found in a large health system. The CFO is also responsible for financial management of capital investments in collaboration with the University.  The position will serve a critical role in the implementation of UCLA Health’s capital program of approximately $2 billion over the next 5 years (includes a new state-of-the art Behavioral Health hospital) as well as a new funds-flow model to support and sustain the clinical care, teaching, research and community engagement missions.

Job Requirements

The Chief Financial Officer must possess a broad-based knowledge of the full range of financial issues facing academic health centers and schools of health, including financial and capital planning, funds-flow models, and reimbursement including relevant management reporting techniques. Knowledge of the California healthcare market and academic health systems is desirable. Understanding multiple sources of supplemental funding from 340B to State available Waiver and Public Intergovernmental Transfers (IGT) funding is essential.

The CFO will have the following qualities and attributes:

• Expertise in healthcare finance with a fundamentally strategic orientation
• Excellent communication and collaboration skills
• Integrity, empathy, and emotional intelligence
• The ability 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.

Required Qualifications:

• MBA or comparable graduate degree demonstrating the acquisition of higher-level expertise in finance and healthcare financial management or equivalent experience.
• Over 10 years of progressively responsible experience in healthcare finance including 5+ years of significant supervisory experience.

Preferred Qualifications:

• Expertise, experience or familiarity with academic organizations and their missions

• Knowledge of and experience in the California healthcare marketplace including familiarity with payors, regulators, competitors and academic health systems.
• Certified Public Accountancy License
• Certified Management Accountancy license

The University of California, Los Angeles is required to provide a reasonable estimate of the compensation range for this role. This range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications, and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience. The salary range for this position is min: $750,700 mid: $893,700 max: $1,361,000

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