About the Role
InStride Health is seeking a Senior Vice President (SVP) of Finance to serve as a key member of InStride’s executive leadership team and a thought partner to the CEO. This individual will be responsible for shaping and executing InStride Health’s financial strategy, optimizing growth, and ensuring financial scalability. The SVP of Finance will work closely with executive leadership and cross-functional teams to align financial planning with company mission and goals. In this role, this leader will ensure effective development, prioritization, coordination and execution of all growth related activities to enable InStride to expand and accelerate its care model. The company’s success in this endeavor will require creativity, persistence, and the ability to find a path where none has been built previously in the pediatric mental health landscape.
Responsibilities:
Budgeting, Financial Planning, Accounting
- Develop and own the current-year budget and three-year financial forecast, supporting operations and fundraising activities.
- Collaborate with senior leadership to refine financial models and establish key financial benchmarks.
- Manage a rolling 12-month forecast with quarterly updates; update financial models monthly with actual results.
- Prepare actionable insights on financial data to guide executive decision-making, focusing on “what happened,” “what it means,” and “what we do next.”
- Lead the preparation of quarterly board updates and monthly operations updates, highlighting progress against corporate objectives.
- Oversee all InStride accounting processes.
- Collaborate with People Team to align on strategic hiring goals, workforce planning, staffing models, and the design and review of bonus programs and compensation structures, ensuring financial sustainability and alignment with organizational objectives.
Revenue Cycle Management
- Monitor and manage revenue cycle processes to ensure 95% collection rates from payors.
- Continuously review revenue cycle metrics to proactively identify and address issues affecting overall performance.
- Develop strategies to improve collection rates and streamline billing processes in partnership with operations and finance teams.
- Track and communicate the impact of strategic initiatives on gross and net cash burn; update cash-zero timelines regularly.
Payor Contracting and Management
- Oversee implementation and account management of payor contracts, ensuring alignment with organizational financial goals.
- Continuously review and optimize payor contracts to drive revenue growth and cost efficiencies.
- Collaborate with the Chief Compliance Officer to ensure compliance with contractual obligations and regulatory requirements.
Team Leadership
- Build, mentor, and lead a high-performing finance team, fostering a culture of collaboration, innovation, and continuous improvement.
What You Need to Succeed in the Role:
- Experience and Expertise:
- Proven experience as a VP of Finance or more senior leadership role.
- Strong knowledge of financial planning, accounting, and healthcare revenue cycles.
- Experience preparing comprehensive financial reports for boards and executive leadership.
- Track record of aligning financial strategies with organizational objectives.
- Familiarity with federal and state tax laws; experience with M&A activities is a plus.
- Proven ability to build, mentor, and lead high-performing teams. Beacon for top talent and reputation of followership. Deeply understands how to grow and motivate a dispersed, remote workforce
- Skills and Attributes:
- Excellent communication skills, both written and interpersonal, for engaging with diverse stakeholders.
- Proven ability to work independently, manage priorities, and deliver results in a fast-paced environment.
- Ability to move and inspire people to act through an articulated vision and direction; proven skills in building interpersonal relationships and influencing others.
- Open leadership style with ability to think collaboratively and problem solve with team members; shows respect and sensitivity with a high EQ; highly effective and active communicator with people at all levels.
- Demonstrated integrity and professionalism in handling sensitive and confidential information.
- Exceptional ability to analyze and solve complex problems in dynamic environments.
- Quick thinking and adaptability to navigate challenges unique to high-growth companies.
- Deep understanding of business operations in companies like InStride Health, enabling strategic and practical decision-making.
