UC Davis Health seeks an outstanding individual with exceptional strategic, financial, and interpersonal capabilities to serve as Chief Financial Officer.
The Chief Financial Officer (CFO), UC Davis Health is responsible for the overall financial operation of UC Davis Health, which includes the School of Medicine, Betty Irene Moore School of Nursing, Medical Center, and the Medical Group. In all, UC Davis Health is a $4.5 billion-revenue enterprise. The CFO reports to the Vice Chancellor of Human Health Sciences and CEO of UC Davis Health, Dr. David Lubarsky. The CFO has a dotted-line reporting relationship to the Vice Chancellor – Finance, Operations, and Administration, Davis campus, to ensure communication and coordination of financial planning and analysis between the Davis and Sacramento campuses of UC Davis.
UC Davis Health advances each element of the University’s mission: education, research, and patient care. Its highly integrated organizational structure – medical center, schools, and faculty practice – gives it the opportunity to define and pursue transformative initiatives. An important dimension of the CFO’s role is to sustain synergy among Health’s constituent units and their various mission areas and business activities. The CFO plays a central role in identifying mission-related initiatives and designing the financial framework for their pursuit – including optimizing how the various parts of Health align around each objective. Planned capital expenses, including for a new hospital tower and a new surgical center, totaling almost $7 billion, and securing/assuring sustainable financing is a critical part of the role. While the CFO works directly with the UC Health division of UCOP on financing and executing Health’s capital program, the dotted-line relationship with the Davis campus Vice Chancellor enables efficient integration of Health needs and objectives into overall institutional planning and effective engagement with the UC Office of the President.
The CFO must possess a broad-based knowledge of the full range of financial issues facing academic health centers and schools of health, including financial and capital planning, funds-flow models, and reimbursement including relevant management reporting techniques. They will have a sustained record of working at an executive level in a large health system. It is preferred but not required that their experience be in an academic medical center or university-affiliated health system. Knowledge of and experience in the California healthcare marketplace, including familiarity with payors, regulators, and competitors and academic health systems, is especially welcome. Familiarity with multiple sources of supplemental funding from 340B to state available waiver and public hospital IGT supported Medi-Cal funding is preferred.
The successful candidate will have expertise in healthcare finance, a strategic orientation suited to a growth environment, and excellent communication skills, integrity, empathy, and emotional intelligence. Candidates will possess the capacity to balance a vision of the whole with attention to the parts, the ability to put institutional interests first, and the acumen to engage complex institutional dynamics with an eye towards shared understanding and strategic alignment. A demonstrated commitment to diversity, equity, and inclusion with a record of measurable impact that evidences this commitment is required, as is financial leadership at a large health system.
UC Davis Health is the only academic health system between San Francisco and Portland and between the Pacific Ocean and Salt Lake City. It serves 33 of California’s 58 counties as the only Level One Trauma Center and is an indispensable quaternary care center across the region. UC Davis Health, one of five major academic health systems within the University of California, harnesses the power of the University’s nationally ranked resources and research to tackle the most pressing health care issues facing the world today and works in close partnership with the main campus. UC Davis Health’s clinicians and researchers include faculty partners from renowned schools, including the world’s best School of Veterinary Medicine, the nation’s best College of Agricultural and Environmental Sciences, the College of Biological Sciences, and the College of Engineering.
UC Davis Health has retained Opus Partners to support this recruitment. Craig Smith, Partner, and Thomas Lapierre, Senior Associate, are leading the search. Confidential inquiries, applications, and nominations can be sent to thomas.lapierre@opuspartners.net.
To apply, candidates must provide a resume and a letter of interest. UC Davis Health values diversity, equity, and inclusion and will seek a leader who is committed to promoting these values. We encourage candidates to include in their cover letters how they have promoted these values in their career and/or how they would plan to do so in this role.
Within UC’s comprehensive salary framework, the annual salary range for the UC Davis Health Chief Financial Officer is $551,400 – $992,900. Salary offers will be commensurate with the selected candidate’s qualifications and experience, with an expectation that the first-year salary will be in the middle of this range. In addition to salary, the Chief Financial Officer participates in the UC Health performance-based incentive program and is eligible for the broad range of excellent benefits that the University provides.
UC Davis Health values diversity and is committed to equal opportunity for all persons regardless of age, color, disability, ethnicity, marital status, national origin, race, religion, sex, sexual orientation, veteran status, or any other status protected by law.
UC Davis Health is improving lives and transforming health care by providing excellent patient care, conducting groundbreaking research, fostering innovative, interprofessional education, and creating dynamic, productive partnerships with the community.
UC Davis Health is a major driver of economic prosperity for both the Sacramento region and California. According to a study of pre-pandemic data, in 2019 UC Davis Health expenditures led to a total economic impact of $4.60 billion for the seven-county local region – an additional $1.08 for every dollar UC Davis Health spent. UC Davis Health had 11,600 employees in the region, and economic activity generated indirectly and by their spending supported an additional 14,600 jobs. The report also calculates UC Davis Health’s statewide economic and employment impacts.