Chief Financial Officer - Prominence Health Plan

Responsibilities

One of the nation’s largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. (NYSE: UHS) has built an impressive record of achievement and performance. Growing steadily since its inception into an esteemed Fortune 300 corporation, annual revenues were $15.8 billion in 2024. During the year, UHS was again recognized as one of the World’s Most Admired Companies by Fortune;

and listed in Forbes ranking of America’s Largest Public Companies. Headquartered in King of Prussia, PA, UHS has approximately 99,000 employees and continues to grow through its subsidiaries. Operating acute care hospitals, behavioral health facilities, outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located all over the U.S. States, Washington, D.C., Puerto Rico and the United Kingdom.

Prominence Health is a value-based care organization bridging the gap between affiliated health systems and independent providers, building trust and collaboration between the two. Prominence Health creates value for populations and providers to strengthen integrated partnership, advance market opportunities, and improve outcomes for our patients and members. Founded in 1993, Prominence Health started as a health maintenance organization (HMO) and was acquired by a subsidiary of Universal Health Services, Inc.

(UHS) in 2014. Prominence Health serves members, physicians, and health systems across Medicare, Medicare Advantage, Accountable Care Organizations, and commercial payer partnerships. Prominence Health is committed to transforming healthcare delivery by improving health outcomes while controlling costs and enhancing the patient experience.

The Chief Financial Officer (CFO) is an executive level management position of Prominence Health Plan responsible for the financial activities of the Prominence Health Plan companies. Responsibilities include Health Plans accounting and financial reporting, regulatory and statutory accounting, planning and analysis, budgeting, oversight of actuarial services, underwriting and financial pricing decisions, IBNR reserve preparation, premium billing and collection, and oversight and coordination with the centralized accounting, reporting, and accounts payable functions provided by corporate accounting.

Additionally, this executive is responsible for the coordination of the annual reinsurance program. This executive also actively participates with the CEO and other key executives in the development and implementation of key strategic initiatives.

• Leads and manage respective functional areas: accounting, financial reporting, regulatory reporting and statutory accounting, actuarial services, premium billing, and accounts payable.
• Supervises the Health Plan financial reporting process.
• Supervises the preparation of reports outlining the Health Plan’s financial position and operating profit and loss statement.
• Supervises the preparation and timely filing of federal and state financial reports as required.
• Works cooperatively with UHS’s corporate financial services on all Health Plan Financial matter.
• Ensures connectivity of Prominence Health Plan infrastructure development to broader UHS corporate value-based care strategy.
• Manages relationships with respective outsourced vendors, partners, and key provider groups.
• Initiates and drives activities to advance quality, improve member, provider, and employee satisfaction, optimize revenue, reduce expenses, and increase productivity.
• Oversees the budgets for each of the functional areas, review monthly, and ensure performance is achieved.
• Ensures data-driven decision making across the organization…