Senior Associate Dean for Administration and Finance, CU School of Medicine and Executive Director,
CU Anschutz/CU School of Medicine
The University of Colorado Anschutz Medical Campus, one of four campuses in the University of Colorado System, is the major academic medical center in the Rocky Mountain region. In addition to CU's health sciences schools, the Anschutz Medical Campus is home to UCHealth University of Colorado Hospital, Children's Hospital Colorado and the Rocky Mountain Regional Veterans Affairs Medical Center, making it one of the largest and most comprehensive biomedical research and clinical care centers in the western United States with 24,000 employees and 1.9 million patient visits annually. With world-class health sciences research, educational, and clinical facilities, the CU School of Medicine has established distinctive and highly productive programs, receiving research awards of more than $425 million in the most recent fiscal year, including $226 million from the National Institutes of Health and other federal agencies. The School's total annual clinical and research revenue reaches $1.6 billion.
In 2017, the CU School of Medicine received full reaccreditation from the Liaison Committee on Medical Education. Through expanding clinical operations, impressive research efforts, and strong philanthropic support, the School continues to make a profound impact on the state of Colorado and the world of bioscience and medical care. According to a report released in 2018 by the Association of American Medical Colleges, the CU School of Medicine and its partner teaching hospitals contributed 56,056 jobs and $4.31 billion to the state economy in 2017.
The mission of the University of Colorado School of Medicine is to provide Colorado, the nation, and the world with programs of excellence in:
- Education - through the provision of educational programs to medical students, allied health students, graduate students and housestaff, practicing health professionals and the public at large;
- Research - through the development of new knowledge in the basic and clinical sciences, as well as in health policy and health care education;
- Patient Care - through state-of-the-art clinical programs which reflect the unique educational environment of the University, as well as the needs of the patients it serves; and
- Community Service - through sharing the School's expertise and knowledge to enhance the broader community, including our affiliated institutions, other health care professionals, alumni and other colleagues, and citizens of the state.
The University of Colorado | School of Medicine will accelerate its growth at the new Anschutz Medical Campus from its status as the premier medical school in Colorado and the western region to its place in the top 10 percent of American medical schools.
University of Colorado Medicine
University of Colorado Medicine, or CU Medicine, a 501(c)(3) corporation, provides practice and business management services for nearly 3,000 faculty physicians and advanced practice providers of the CU School of Medicine. CU Medicine employs nearly 400 staff and is based in a 200,000-square-foot office building next to the Anschutz Medical Campus in Aurora.
CU Medicine has reported strong annual growth in total income, patient income, contract income, and provider productivity for many years. The high productivity by faculty and effective business practices by the practice administrators contribute significantly to the Colorado economy. A 2017 analysis for the CU System determined that the schools on the Anschutz Medical Campus accounted for $2.9 billion in economic impact. The partner hospitals on campus - UCHealth University of Colorado Hospital and Children's Hospital Colorado - contributed an additional $4 billion.
CU Medicine's strong financial performance contributes to the CU School of Medicine's education program. In 2018, the CU Medicine board approved $900,000 in funding for scholarships for the school's medical, physical therapy, physician assistant, and anesthesiology assistant students. Additionally, the practice has endowed faculty chairs.
For more information, please visit: http://www.ucdenver.edu/academics/colleges/medicalschool
This important and significant position encompasses two roles simultaneously for the University of Colorado. As Executive Director (ED) of CU Medicine, the new leader provides vision and direction that aligns CU Medicine's core business functions with the missions and goals of the physicians of the School of Medicine. Specifically, s/he actively oversees all aspects of the strategic planning, development and day-to-day operations of core revenue cycle activities, partnerships between the practice plan and the affiliated hospitals, managed care contracting, network management services and analytic support for the clinically integrated network, health plan development services and participation in governance of self-insurance trusts, and management of a 200,000 square-foot administrative office building. In addition, CU Medicine oversees and is responsible for treasury functions and active cash management of a $470 million portfolio, which the ED oversees.
As Senior Associate Dean for Administration and Finance, the new leader serves as the senior administrative officer, Principal Business Officer of the School of Medicine reporting to the Dean of the University of Colorado | School of Medicine for financial and administrative matters, policy development and program evaluation.
This position is a unique opportunity for a dynamic leader to join a centralized faculty practice and provide leadership to enhance strategic growth, promote ongoing success in a complex academic health care environment, provide leadership to move the academic health care agenda forward, and continually enhance the collaborative relationship with the University of Colorado | School of Medicine.
John J. Reilly, MD
Dean, School of Medicine and Vice Chancellor of Health Affairs
President, University of Colorado Medicine
Vice President/Chief Operating Officer, University of Colorado Medicine
Vice President/Chief Financial Officer, University of Colorado Medicine
Vice President/Payor Relations and Network Development, University of Colorado Medicine
Vice President/Business Development, University of Colorado Medicine
Administrative and Financial Staff, Office of the Senior Associate Dean for Administration and Finance
Other key relationships
UCHealth Senior Leadership
Children's Hospital Colorado Senior Leadership
VA Eastern Colorado Health System Senior Leadership
Denver Health Senior Leadership
National Jewish Health Senior Leadership
CU Anschutz Medical Campus Senior Leadership
CU Medicine Board of Directors
University of Colorado Board of Regents
Department Chairs and Department Administrators
As Executive Director, this individual serves as the Chief Executive Officer of CU Medicine. S/he provides executive leadership over all phases of CU Medicine operations, including fiscal and treasury operations, marketing, managed care contracting, clinical revenue cycle management, information technology (IT), compliance, network and business development, and strategic planning and advocacy. The Executive Director collaborates with the medical directors of CU Medicine, who are responsible for the clinical activities of the practice, and s/he should provide leadership that continually enhances CU Medicine as the physician practice plan of the School of Medicine (SOM). The Executive Director will provide leadership that ensures successful integration (physicians and CU Medicine administrative functions) of the faculty practice plan with affiliate hospital strategies and operations that impact the clinical practice plan.
As Executive Director, the responsibilities shall include but not be limited to:
- Evaluate the effectiveness of CU Medicine and implement necessary changes in administrative organization and staffing.
- Recruit, develop, and retain qualified staff needed to carry out the mission.
- Continually analyze current staffing, financing, operations, policies, systems, and procedures, and develop and implement necessary changes that maximize operational excellence and efficiency.
- Develop and oversee infrastructure that optimizes all elements of the revenue cycle, including coding, A/R management, commercial contracting, analytics, reporting, and stakeholder relations.
- Develop and maintain appropriate IT systems and analytic capabilities that monitor and enhance the organization's performance and business processes, and facilitate and enhance management and strategic decision making. Coordinate IT infrastructure and IT needs with affiliated hospitals and campus IT infrastructure and networks as appropriate.
- Maintain appropriate and ongoing audit functions to ensure adherence to generally accepted accounting principles and all relevant regulations and requirements relative to sustaining not-for-profit status.
- Ensure CU Medicine is in compliance with relevant and applicable University of Colorado Board of Regents and SOM rules.
- Oversee contracting for management, administrative, consulting and legal services.
- Provide effective stewardship and management of financial resources and assets.
- Oversee preparation of budgets, and the development of transparent and relevant fiscal and operational reports. Implement effective financial models and cost and revenue allocation strategies.
- Negotiate with insurance companies, hospitals and managed care organizations for appropriate reimbursement.
- Interface with government and non-government regulatory and accrediting agencies and provide effective advocacy on behalf of CU Medicine's faculty members and clinical programs.
- Determine the current and future market conditions and evaluate the faculty practice's competitive position. Develop/implement strategic objectives and tactical plans that maintain CU Medicine's competitive position in the health care market.
- Develop and implement plans for expansion of CU Medicine into the community through acquisition of community practice and providers.
- Maintain close liaison with the CU Medicine Board of Directors, Executive Committee, and Department Chairs and Department Administrators. Provide administrative support in matters relating to quality assurance and professional program management, and serve as a liaison with professional and community organizations.
- Participate in meetings of the CU Medicine Board of Directors, Executive Committee, and other board committees, and assist with developing meeting agendas.
- Inform CU Medicine members on business, market, and political factors affecting the health care environment.
- Represent CU Medicine in leadership functions and structures coordinating CU Medicine, University of Colorado Health System, and Children's Hospital Colorado clinical endeavors.
- Actively participate in SOM leadership strategic planning and ensure that CU Medicine's operations and resources adhere to CU Medicine's primary purpose as an organization founded to support the mission of SOM under direction of the Dean of the School of Medicine.
- Maintain a national presence of CU Medicine within the health care industry and all relevant academic health care associations. Maintain a statewide presence for CU Medicine among the health care industry and business community.
- Communicate effectively with medical, professional, administrative and other personnel to effectively present information both orally and in written form.
- Work collaboratively with SOM leadership to continually ensure that CU Medicine administration is aligned with and responsive to the needs of the physicians of the SOM.
As Senior Associate Dean for Administration and Finance, the responsibilities shall include but not be limited to:
- Serve as the senior administrative and fiscal officer in the School of Medicine for financial matters, policy development, and program evaluation.
- Provide direct supervision over the financial, personnel, and information technology staff in the central Dean's Office. Advise key personnel, both administrative and academic within the various departments of the school, on operations and programs of an administrative nature.
- Oversee all fiscal affairs of the School of Medicine, which includes preparation and oversight of the operating budget, monitoring cash flow and expenditure plans, fund management, and grants and contracts management.
- Direct the preparation of the Request Budget for the School and respond to questions from external and internal sources concerning the budget and School of Medicine fiscal resource issues. Develop principles and strategies for resource allocation within the School of Medicine.
- Develop and recommend, through the Dean, Chancellor, and President to the Regents, tuition rates for medical students and allied health program students within the School of Medicine.
- Organize the faculty salary negotiation process for the School and direct the preparation of the salary recommendation reports for the Dean's, Chancellor's, President's and Regent's review/approval.
- Provide creative and thoughtful leadership for the development of funding, compensation, and resources allocation strategies and policies which enable and enhance the School of Medicine's research, teaching, and clinical missions.
- Serve as senior adviser to the Dean on all fiscal and administrative matters, as well as mission and program development issues.
- Participate in the recruitment of key School of Medicine leadership positions and participate in resource negotiations.
- Administer the flow of administrative, financial, budgetary, and statistical information and reporting for the School from various University units and State of Colorado governmental bodies. Act as the liaison between the School and University of Colorado Denver (UCD) Central Administration concerning administrative and financial activities.
- Assist in developing responses and assuring compliance with external and internal audits, and monitoring of expenditures in accordance with State fiscal rules and University fiscal policy.
- Develop and maintain appropriate system of internal controls and School of Medicine fiscal policy.
- Oversee IT systems for the SOM, ensuring appropriate technical and analytic resources to support fiscal, management, and academic programs.
- Serve on various UCD and SOM committees, including serving as Chair of the Administrator Committee and participating in the School of Medicine Executive Committee, Dean's senior management team meetings, and CU Medicine Board of Directors meetings.
- Conduct and direct special projects and represent the School of Medicine on numerous task forces.
- Develop effective advocacy materials on behalf of the School of Medicine.
- Continue to develop, strengthen, and cultivate existing and new partnerships and affiliations with hospital systems, physician practices, and other entities to strengthen CU Medicine and the CU School of Medicine.
- Continue to advocate for CU Medicine and the CU School of Medicine with state and federal entities to maximize the financial health of the organization.
- Refresh the strategic plan for CU Medicine and the CU School of Medicine in collaboration with the Dean, the Department Chairs, and key system stakeholders to be best positioned for the future with a focus on innovation and strategic priorities.
10+ years of faculty practice plan leadership experience
10 years of senior management level experience in academic health care as well as executive level practice plan management experience.
An MBA, MHA or equivalent degree.
Understanding of medical school priorities
Preference will be given to individuals who have held a leadership position within a School of Medicine or academic Department/Division. At a minimum, successful candidates should demonstrate a previous collaborative experience with and understanding of academic missions and programs of medical schools. Relevant hospital, multi-specialty clinic and/or other health care industry experience will be considered.
Critical Leadership Capabilities:
Strategic Thinker and Strong Executer:
In a complex and growing organization, the successful candidate will resolve immediate issues quickly while, at the same time, strategically addressing larger systemic issues by:
- Being accessible, responsive, attentive, and results-oriented;
- Developing creative solutions, overcoming barriers, making priority decisions, and taking ownership of problems large and small;
- Anticipating issues and proactively developing interventions to help prepare for and/or mitigate their impact; and,
- Implementing systems and processes that over time reduce the number and frequency of emergent issues.
Resilience and Stamina:
In a complex operating environment with multiple stakeholders, a tripartite mission, and ambitious plans, the ideal candidate will provide energetic leadership to ensure that the operating platform continues to perform by:
- Demonstrating an appetite to identify and pursue opportunities to improve operational performance and the drive to follow through on those opportunities;
- Multi-tasking, working well under pressure, and exhibiting the ability to manage a range of issues, from long-term initiatives to immediate crises, making continual progress on all; and,
- Conveying optimism, a "can-do" attitude, and tenacity, and instilling the same characteristics in the culture of the operating and administrative units.
In an organization with multiple constituencies, each with different needs and priorities, the successful candidate will build credibility by:
- Building relationships with individuals and groups;
- Being empathetic and taking ownership for addressing problems and concerns;
- Designing and implementing effective information-sharing systems and protocols that drive transparency and accountability; and,
- Being visible, actively listening, and communicating consistently and in a timely manner.
Other Personal Characteristic:
The successful candidate will:
- Possess proven ability to conceptualize, develop, and implement large complex projects;
- Provide dynamic leadership and creative solutions to challenges;
- Be transparent and collaborative in a highly matrixed organization;
- Be an effective communicator and presenter;
- Provide strong and effective advocacy of the centralized practice plan and school issues;
- Retain and mentor a strong management team;
- Demonstrate an understanding of health care reform and health care policy;
- Develop trust, credibility, and support of department chairs, faculty, and administrators.
The recruitment for this position is being handled by Spencer Stuart.
Please direct all inquiries and applications to Spencer Stuart at [email protected]
Applications will not be accepted on this site.
Salary is negotiable and commensurate with skills and experience.
Job posting contact [email protected]
Job posting contact email [email protected]
Application Materials Instructions:The recruitment for this position is being handled by Spencer Stuart. Please direct all inquiries and applications to Spencer Stuart at [email protected] Applications will not be accepted on this site.
Job Category: Executive
Primary Location: Aurora
Department: H0001 -- Anschutz Medical Campus - 20029 - SOM - Dean-School of Medicine
Posting Date: Oct 31, 2018
Closing Date: Ongoing
Posting Contact Name: Spencer Stuart
Posting Contact Email: [email protected]
Position Number: 00698355