VP, CFO - NV

VP, CFO - NV

Leading as one, the VP-CFO of Nevada will collaborate with key Kaiser market leaders to ensure that the health and healthcare needs of members and patients in KP Nevada are met through joint oversight for critical functions inclusive of access, quality, service, and affordability. The Nevada Market CFO has a dual-reporting relationship to the SVP, CFO, Integrated Care & Coverage and the Nevada Market President and is responsible for the oversight of the overall financial health and viability of the Nevada Market.

As a key member of the Executive Leadership Team, the Market CFO will play a critical role in business decisions to maximize the value of financial resources and community investments.

Essential Responsibilities:

• New Market Stand-up Strategic and Financial Oversight
• Establish the KP Finance organization to support the Nevada market, inclusive of standing up the people, processes, and systems to operationalize a new market for KP using KP shared services and connecting with KP Medical Foundation financial and operational shared services
• Support the Market President in implementation planning and budgeting for the Nevada market, including new medical office development, IT systems and shared services capability deployment.
• Track the overall success and performance of the market, aligning with the national strategy and market objectives by achieving or exceeding business case objectives e.g., membership growth, Medical Loss Ratio, Administrative Loss Ratio, operating margin, quality measures including Medicare Stars, and consumer experience.
• Collaborating with Renown health system partner, provide financial leadership for hospital and continuum, identifying joint improvement initiatives.
• Develop a multi-year budget and forecast in alignment with the overall integrated care and coverage portfolio and original business case in collaboration with the Market President, Executive Medical Director, National Health Plan, and KP Medical Foundation
• Partner with Market President, Executive Medical Director and Health Plan Leader to align operational and strategic oversight with financial performance,
• Coordinate with Enterprise and Integrated Care and Coverage Finance functions and KPMF Finance to provide data, analytics, planning and reporting tools to drive KP NV outcomes.
• Develop markets Profit and Loss (P&L) statement, ensuring financial performance aligns with strategic goals and managing a budget to support performance and growth.
• Manage and track the total cost of care for members, including monitoring the performance of Long-term Payer and Provider Contract.
• Implement strategies to enhance value and reduce unnecessary expenditures and manage expenses to support affordability.
• Monitor the overall performance of the joint venture, working closely with the partner health system to ensure transparency, accountability, and shared financial success.
• Foster open communication and regular performance reviews with leadership team to proactively identify opportunities and address challenges together.
• Performance Management
• Drive overall Market performance and initiates business and financial analytics to ensure performance success to support strategic and economic plans.
• Oversee all aspects of financial management within the Market, including the development of information and analysis of key financial and operational data, as well as partnering with key leaders and KP Nevada JV Board to improve the direction of the Markets performance.
• Responsible for advising on pricing and product strategies across all lines of business including continual awareness of the external competitive environment.
• Systematically and comprehensively assess the financial opportunities, challenges and risks facing the Market.
• Review and communicate Market performance to key leaders and KP Nevada JV Board including Renown the JV partner. Continuously forecasts the progress and momentum in key operations against planned objectives.
• Communicate to a variety of internal and external audiences regarding the Market financial performance, risks, opportunities, and plans.
• Build and maintain a responsive, motivated, and high performing Market finance organization.
• Develop key financial and planning relationships with the National Ambulatory Operations and KP Medical Foundation.
• Support network contracting by evaluating contract terms and developing key relationships with Renown finance leadership.
• Accountable for overall Market P&L in partnership with the Market President, KP Medical Foundation, Market Leadership Team, and KP Nevada JV Board
• Work with ICC, National Health Plan, KP Medical Foundation and Shared Services Finance leaders and Operations to drive financial performance of Care and Coverage in KP Nevada.
• Support provider planning initiatives to with appropriate financial analytics support to drive performance in the market.
• Planning and Investment Analysis
• Lead an integrated Market planning process that encompasses business, capital, and financial…