Created in 2008 from the sale of a regional hospital system, Empire Health Foundation’s (EHF) purpose is to transform their eight-county service area into Washington state’s healthiest region. EHF has a staff of 65 and manages:
Every investment EHF makes goes toward creating measurable, sustainable health improvements. EHF believes that health is about more than just medicine; health outcomes are influenced by external factors such as the availability of resources to meet daily needs like food and shelter, access to quality education and job training, and access to job opportunities. Their work is aimed at addressing these problems upstream, investing in sustainable systems change that results in healthier, more vibrant communities. EHF invests in ideas and organizations that improve access, education, research, public policy, and wellness to result in a measurably healthier region.
Below are four of the public-private partnerships leveraged to maximize EHFs collaborative impact:
BETTER HEALTH TOGETHER
Better Health Together is a non-profit, community-based health care collaborative. The mission of Better Health Together is to radically improve the health of the region through collaborative action. BHT is currently administering a five-year $70 million performance-based contract designed to transform the Medicaid Delivery System.
FAMILY IMPACT NETWORK
In partnership with Washington State Children's Administration, the Family Impact Network (FIN) works to improve outcomes and overall wellbeing for children in the child welfare system in eight counties in Eastern Washington. FIN operates a Performance-Based Contracting system to ensure that the right services are provided to families who need them at the right time. By ultimately linking contractor performance to payment for service, FIN has successfully established a culture of data-informed decision making that enables contractors to meet their goals effectively, which has led to a 2019 regional expansion of FIN from eight counties to 20 in Eastern Washington.
SPOKANE TEACHING HEALTH CENTER
The Spokane Teaching Health Center (STHC) is an innovative, nonprofit collaboration between Empire Health Foundation, Providence Health Care, and Washington State University that was established to help fill the unmet need for physicians in Washington state, particularly in rural and underserved areas. The STHC is creating a strong pipeline of doctors with a bold goal of increasing the number of health professional residency positions in Eastern Washington by 60%, thereby increasing the number of medical professionals who stay in Washington to practice medicine.
ANDY HILL CANCER RESEARCH ENDOWMENT
The Andy Hill Cancer Research Endowment, also known as the CARE Fund, is a new public-private partnership established by a 10-year commitment from the State of Washington to match new private investment in cancer research and innovation in the State. With the establishment of the CARE Fund, Washington State is making a commitment to enrich the ecosystem with sustained investment in cancer research, prevention, and care, with the aim of reducing long-term health costs, saving lives, and relieving pain and suffering. The CARE Fund endeavors to provide sustained investment of up to $10 million each year, leveraged by a 1:1 match from non-state sources (up to $20 million annually) to attract top talent and partners, and set the stage for the next big discovery in cancer research. EHF is the program administrator for the CARE Fund.
Learn more about EHF’s big bets and incredible results here.
Located on Washington’s eastern, sunnier, drier side, Spokane lies 18 miles west of the Idaho border and 100 miles south of the United States-Canada border. The Spokane region serves as a hub for most of the region’s business, medical, transportation, industrial, and cultural needs.
Spokane combines myriad varieties of year-round outdoor recreation, fine arts, award-winning education, inexpensive economies, and a family-friendly environment. Nearby universities, such as Washington State University, Eastern Washington University, Gonzaga, and Whitworth, contribute to the intellectual vibrancy of a growing city. The community takes advantage of close access to the Cascade and Rocky Mountains—unparalleled meccas for skiing, biking, and hiking. Plus, 76 nearby lakes and rivers provide easy access to swimming, fishing, and boating. The region also boasts many challenging yet beautifully designed golf courses. World-class museums, Broadway performances, art galleries, events, and organizations celebrate diverse cultures and traditions that create a rich arts and culture scene.
EHF is hiring a new Chief Financial Officer (CFO) to oversee all financial, risk, and compliance matters for our finance team. In this newly created role, the CFO will report to EHF’s President, be a member of the executive leadership team, and be a trusted advisor and key resource for each of the Executive Directors and their Boards of Directors. This person will draw upon their highly collaborative and adaptive leadership style to develop and maintain a successful, results-driven relationship with each Executive Director. The CFO will also build the strength of our accounting department, especially in the areas of compliance and analysis.
Specifically, the CFO will lead in the following areas:
- As part of the executive leadership team, provide clear communications in the areas of treasury, budgeting, accounting, audit, tax, payroll, short- and long- term forecasting, and strategic financial modeling.
- Prepare and present financial reports for the EHF executive team and each entities’ Finance Committee and Board of Directors.
- Make recommendations to the EHF teams on ways to reach their bold, audacious goals, balancing growth with practicality.
- Develop strong, positive working relationships with EHF colleagues, Boards of Directors, funders and partners.
- Lead a shared services finance team led by two Controllers, be accountable for monthly financial reporting, consolidations, budgeting and forecasting, compliance and risk management, billing and revenue management, and a clean annual audit.
- Lead a high-performing team by establishing clear goals, providing mentorship for the Controllers, and fostering a flexible, positive culture.
- Assess the current finance team vis à vis organizational needs and add team members to fill gaps and increase capacity, being careful to ensure any new hires are sustainable within the current budget.
RISK, COMPLIANCE, AND INTERNAL CONTROLS
- Manage the annual external audit including preparation, support and coordination.
- Develop and maintain a system of internal controls.
- Develop and execute cashflow analysis and multi-year planning methodologies.
- Analyze financial statements to pinpoint potential weak areas and make recommendations when appropriate.
- Monitor, manage, and review all external financial relationships, including banks, custodians, and vendors.
GRANTS AND CONTRACTS
- Oversee grant due diligence, including preparation of grant agreements and/or independent contractor agreements and grant compliance review and RFP processes.
- Develop and implement a system for tracking the use of grants proceeds where required, including compliance with allowable cost principles for federal grant awards.
THE IDEAL CANDIDATE
EHF seeks a mission-driven, strategic, adaptable, and solution-oriented CFO who is full of positive energy. The ideal candidate is a proven catalyst, good steward of resources, and keen strategist who is equipped to support EHF in a complex organization with four separate, unique nonprofit entities. Effective and confident communications and relationship building skills are essential. A leader with the emotional intelligence to understand and respond appropriately to internal needs in each EHF subsidiary, as well as those of their external partners, will be successful in this role.
The CFO will act without fear, delegate, hold others accountable, and ensure resources, processes, and controls are in place for the finance team to continue to perform at a high level. The ideal candidate leads naturally and knows intuitively the value of teamwork and how to inspire the best of the best. The CFO can comfortably offer constructive feedback to perpetuate high-functioning work environments.
EHF’s CFO must have an entrepreneurial spirit coupled with practical experience vetting new revenue streams and areas of expansion. Candidates must bring self-confidence, humility, and the graciousness to adapt when given constructive criticism. The successful candidate will be tenacious and resilient, able to find ways to get things done, and can adjust quickly as the conditions and regulations change that impact one or more of EHF’s subsidiaries. The CFO will rely on practical business acumen, experience in the trenches while growing organizations with multiple subsidiaries or business units, and experience making confident, informed decisions that provide the greatest benefit to the organization. Experience in the healthcare industry is highly valued.
- Bachelors’ degree in accounting or finance or equivalent; a CPA designation is preferred.
- 10+ years of progressive experience in accounting or finance.
- Financial management of state contracts State and/or federal Office of Finance Management (OFM) reporting and compliance.
- Excellent financial modeling, budgeting, and forecasting skills, as well as experience managing high performing teams through change and growth.
- GAAP accounting expertise and experience with consolidated financial reporting.
- An understanding of nonprofit accounting, government accounting, and grant accounting. Healthcare and Medicaid experience is a plus.
- Experience with a Tier 1 or Tier 2 ERP system is required. Experience leading a new system implementation is an asset.
- Demonstrated success leading finance in a complex, multi-unit organization is essential.