Finance Executive Health-Second Level

The Michigan Medicine Chief of Financial Services (CFS) is the executive manager of centralized corporate functions including accounting, financial planning and analysis, reimbursement, financial systems and applications, and real estate and leases.

The CFS supervises a team of senior directors who oversee each function, providing executive support, expertise, and strategic coordination. The CFS serves as a direct report, strategic advisor, and partner to the Michigan Medicine Chief Financial Officer and has jurisdiction across the entire clinical enterprise (currently including the academic medical center in Ann Arbor and the Regional Health Network in Lansing and Grand Rapids).

Strategic Leadership

Reports to the Michigan Medicine Chief Financial Officer (MM CFO) and is accountable to the Associate Chief Financial Officers (ACFOs), Vice Presidents of Finance (VPFs), the Chief of Managed Care and Contracting, the Chief Revenue Cycle Officer, and executive and senior leaders in clinical operations (e.g., the Chief Nursing and Operations Executive of University of Michigan Health, the President of the Regional Health Network, and hospital and business segment leaders).

Supports the University of Michigan Health (UM Health) Board of Directors Finance Committee and the UM Health Corporation Board Finance Committee.

Establishes and maintains strong working relationships with the University Finance and Treasury Office and the Medical School Finance team.

Also builds strong working relationships with the Clinical Science Department Chairs and Administrators.

Leads the development of the multi-year strategic financial framework and capital plan, and new-venture business plans, working closely with the Chief Strategy Officer and team.

Serves as a Finance Executive lead for the workflow and process design, build, test, and implementation of the enterprise resource planning systems (ERP), in cooperation with the central University.

Ensures that ERP designs and functionalities meet the business imperatives and industry standards regarding accounting, financial planning and analysis, and long-range capital structures of a large and diverse clinical enterprise.

Serves as a strategic partner for the long-range planning of Michigan Medicine and the Medical School.

Maintains advanced knowledge of health care and financial management policies, trends, economics, and strategies.

Responsible for the financial planning and analysis operations of Michigan Medicine's clinical enterprises, including annual operating and capital budgeting, long-term financial and capital frameworks, business planning for new ventures, multivariate quantitative predictive modeling for existing and new operations, and other ad hoc analyses as necessary.

Responsible for the reimbursement operations of Michigan Medicine's clinical enterprises.

Oversees the revenue recognition process, reimbursements tied to Medicare and Medicaid, and graduate medical education (GME) related payments and supplemental reimbursements.

Responsible for the financial systems operations of Michigan Medicine's clinical operations. Oversees the development and maintenance of business applications, budgeting systems, and reporting tools. Coordinates finance functions within the ERP. Manages the Vizient database for external performance benchmarking.

Responsible for the real estate, leasing, and brokerage services of Michigan Medicine's clinical enterprises. Oversees real estate purchases and sales, and lease negotiations and management.

Team Building

The direct reports to the CFS are:

Senior Director of Accounting

Senior Director of Financial Planning and Analysis

Senior Director of Reimbursement

Senior Director of Finance, Applications and Systems

Director of Real Estate and Leasing

The CFS creates a work environment that has:

a sustainable pace with elevated levels of quality,

humility and mutual respect,

cooperation and cross-functionality,

creativity and innovation,

accountability,

mission-based thinking.

The CFS professionally develops staff with clear avenues of career advancement.

The CFO evaluates the overall composition of the team and continually refines assignments and partnerships as changes in the organizational and technical landscapes dictate.

Professional Development

Participates in performance planning, competency, and individual development activities.

Develops and participates in mentoring programs for staff.

Models the Michigan Medicine values.

Builds collaborative relationships and…