Chief Financial Officer

Job Description: Chief Financial Officer (CFO)Company: Brevard Physician Associates (BPA)Location: Melbourne, FLReports To: Chief Executive Officer (CEO)Position SummaryBrevard Physician Associates (BPA) is a premier, privately owned multi-specialty physician group providing hospital-based services in Anesthesia, Emergency Medicine, Diagnostic Radiology, and Interventional Radiology throughout Brevard County Florida.This role requires a seasoned healthcare financial executive with a proven track record of navigating complex revenue cycles, managed care negotiations, and physician-led governance. As an accomplished financial architect, the CFO will skillfully navigate the intricacies of healthcare contracting and partnership nuances, serving as a strategic partner to the CEO and Board of Directors to ensure long-term fiscal health and transparency for our physician-shareholders.Key Responsibilities (Strategic Oversight)Financial Strategy & Subsidy ModelingAdvanced Forecasting: Utilize the financial data provided by the Finance Team to build multi-year growth strategies and capital allocation models.Subsidy & Stipend Negotiation: Serve as the lead financial advisor in stipend and subsidy negotiations, ensuring coverage agreements are pro-actively modeled for maximum viability.Corporate Development: Identify and model financial support needs and opportunities for service line expansion or joint ventures.Capital AllocationLead enterprise capital allocation strategy, including evaluation of ROI for growth initiatives, staffing models, technology investments, and service line expansion.Investment DisciplineEnsure investment decisions align with long-term physician shareholder value and risk tolerance.High-Level RCM & Managed Care StrategyContractual Oversight: While the Controller manages the daily billing vendor relationship, the CFO leads the strategy and contract negotiations with those vendors.Payer Negotiations: Lead the strategy for Managed Care contracting, leveraging billing trends to secure favorable reimbursement rates and payer mix optimization.Regulatory Risk: High-level monitoring of legislative impacts (e.g., No Surprises Act and annual Medicare cuts) on the group's revenue.Physician Compensation & Equity GovernancePlan Design: Design and refine specialized physician compensation models to ensure they drive clinical performance while maintaining FMV compliance.Shareholder Financials: Oversee the strategic management of partner distributions and equity buy-in/buy-out structures.Fiduciary Leadership & Benefits StrategyRetirement Governance: Act as the primary fiduciary for BPA's 401(k) Plan, ensuring ERISA compliance and optimal plan design.Benefit Sustainability: Collaborate with HR to ensure the overall cost of health and welfare benefits is sustainable and competitive.Financial RepresentativeAct as BPA's primary financial representative to banks, auditors, legal counsel, benefit advisors, and other external partners. Relationship ManagementLead negotiations and relationship management with external financial stakeholders as required.Executive Team LeadershipDepartment Oversight: Provide mentorship and executive guidance to the Controller and the internal accounting/payroll team.Board Communication: Serve as the lead financial representative at Board meetings and Finance Committee meetings, translating tactical data into strategic narratives for physician-owners.Financial Risk & Liquidity ManagementFinancial Risk ManagementMaintain oversight of BPA's balance sheet, liquidity position, and reserves to ensure financial resilience under varying subsidy, reimbursement, and staffing scenarios.Alternative Financial ModelingDevelop downside, stress-test, and contingency financial models to support executive and Board decision-making.Compliance OversightEnsure strong internal financial controls, audit readiness, and compliance with applicable healthcare, tax, and regulatory requirements. Financial Insights & Systems LeadershipSystems IntegrationOversee the integrity, accuracy, and alignment of financial data across accounting, RCM, payroll, and operational systems.Financial ToolsDrive the development of financial dashboards, KPIs, and forecasting tools that support timely, data-driven executive and physician-owner decisions.Financial Systems OversightLead selection, implementation, and optimization of enterprise financial systems as needed.QualificationsEducation: MBA/MHA in Finance or Accounting required; active CPA license highly desirableExperience: 12+ years of progressive financial leadership, specifically within a physician-owned group, or hospital-based medical group.Specialized Expertise: Mastery of healthcare subsidy modeling, managed care negotiation, and partnership-style (PLLC) financial structures.Technical Proficiency: Experience with enterprise-level financial platforms and HRIS/Payroll systems (e.g., UKG Pro).

Apply Now