Vice President of Finance - FPP

Overview

Vice President, Clinical Operations and Finance - FPP at Howard University. The Vice President of Clinical Operations and Finance is a senior leadership role responsible for the strategic oversight and operational excellence of clinical and financial functions across the Faculty Practice Plan. This role ensures the delivery of high-quality, cost-effective care while maintaining financial sustainability and regulatory compliance. The Vice President will lead cross-functional teams, optimize workflows, and collaborate with executive leadership to drive innovation, performance, and growth. The Vice President will implement the FPPs Strategic 2030 Market Expansion plan. The Vice President reports to the Chief Executive Officer of the FPP.

Key Responsibilities

• Strategic Leadership: Develop and execute integrated strategies that align clinical operations with financial goals and institutional priorities.
• Strategic Leadership: Lead initiatives to scale clinical services, improve patient access, and enhance operational efficiency.
• Clinical Operations Oversight: Direct multi-disciplinary teams to ensure effective execution of clinical workflows, service delivery, and compliance.
• Clinical Operations Oversight: Implement and monitor KPIs such as patient wait times, double-booking volume, appointment utilization rates, and provider panel sizes to drive operational efficiency.
• Clinical Operations Oversight: Collaborate with department chairs to improve workflows and improve access to care across high-volume specialties.
• Financial Management: Direct the preparation and distribution of monthly financial reports, including service line profitability, provider productivity, and departmental budget performance.
• Financial Management: Monitor provider productivity (e.g., wRVUs, cFTEs) and ensure alignment with MGMA benchmarks.
• Financial Management: Lead the annual operating budget process, including baseline development, variance analysis, and iterative forecasting in collaboration with finance partners.
• Performance Optimization: Conduct quarterly performance reviews for clinical departments and individual providers, analyzing wRVU trends, encounter volume, charges, and payments.
• Performance Optimization: Lead performance reviews and develop action plans to enhance clinical and financial outcomes.
• Performance Optimization: Lead Lean Six Sigma or DMAIC projects to reduce operational waste, improve patient flow, and enhance financial performance.
• Stakeholder Engagement: Facilitate regular strategy sessions with senior leadership, department chairs, and finance teams to align clinical and financial priorities.
• Stakeholder Engagement: Collaborate with internal and external stakeholders to support strategic initiatives and operational goals.
• Stakeholder Engagement: Serve as the primary liaison for external consultants, payers, and vendors involved in clinical operations and financial planning.
• Compliance & Risk Management: Ensure all clinical operations adhere to CMS, Joint Commission, and institutional compliance standards.
• Compliance & Risk Management: Identify operational risks and develop mitigation plans in collaboration with legal and compliance teams.

Qualifications

Education

Master’s degree in Health Administration, Business Administration, Finance, or a related field required.

Experience

Minimum of 5–7 years of progressive leadership experience in healthcare operations and finance. Proven success in managing clinical productivity, financial planning, and strategic initiatives.

Skills & Competencies

• Strong leadership and team management capabilities.
• Advanced financial modeling and analytical skills.
• Expertise in healthcare operations, provider compensation, and performance metrics.
• Excellent communication and stakeholder management abilities.
• Proficiency in Microsoft Office 365 and financial reporting tools.
• Familiarity with EHR systems, digital health platforms, and regulatory compliance.

Salary

Salary: $180,000 - $210,000 annually

Note: Compliance Salary Range Disclosure

Details

• Seniority level: Executive
• Employment type: Full-time
• Job function: Research, Analyst, and Information Technology
• Industries: Higher Education

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