Chief Operating and Financial Officer

Job not on LinkedIn

🔥 7 minutes ago

🌽 Illinois, Maryland, +2 more states – Remote

🌽 Illinois – Remote 🦀 Maryland – Remote 🚗 Michigan – Remote ⚔️ Virginia – Remote

💵 $225k - $300k / year

⏰ Full Time

🔴 Lead

💸 Financial Planning and Analysis (FP&A)

👻 Ghost score 0%

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Backpack Healthcare

WebsiteLinkedInAll Job Openings

51 - 200 employees

💼 Consulting

🛡️ Insurance

🏥 Healthcare

Consulting • Insurance • Healthcare

Backpack Healthcare is a provider of accessible, inclusive, and comprehensive mental health services for pediatrics, individuals, and families. They focus on breaking barriers to provide mental and emotional care through therapy, psychiatry, and medication management. Backpack Healthcare is dedicated to solving the youth mental health crisis by making care more personal, accessible, and inclusive, ensuring greater access for children, teens, and their families. The company is in-network with Medicaid and major insurances, aiming to address and support mental health needs efficiently. Their unique model is designed to intervene swiftly, offering specialized care tailored to the unique needs of each individual and family.

📋 Description

• Own budgeting, forecasting, monthly close, financial reporting, GAAP-compliant financial operations, operating model, unit economics, and financial planning • Translate financial data into operating decisions and establish financial discipline, visibility, and accountability • Serve as primary financial voice to the board and investors • Partner with the CEO on fundraising, financial modeling, investor materials, diligence, and financing negotiations • Take executive ownership of billing, collections, revenue cycle performance, clean claims, denials, days in A/R, and cash collections across states and payers • Analyze payer performance, reimbursement trends, and operational leakage • Partner on Medicaid and MCO pricing, bids, and rate negotiations • Model direct-contract economics and margins, establish implementation plans and requirements, track performance, and conduct post-launch reviews • Lead business operations, PMO, strategy and operations, credentialing, and care coordination • Establish KPIs, review performance, hold leaders accountable, build scalable multi-state processes, prepare market launches, and eliminate operational bottlenecks • Provide executive oversight of HR, including talent, compensation, benefits, and workforce planning • Manage critical vendor relationships and contracts • Ensure compliance with Medicaid requirements, state regulations, HIPAA, and applicable accounting standards • Identify risks and build sustainable compliance processes • Use AI and technology to analyze information, automate work, interrogate company data, and improve decisions

🎯 Requirements

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field • 10+ years of progressive finance and operations leadership experience, including at least 5 years in healthcare • Hands-on experience with Medicaid reimbursement and revenue cycle management • Demonstrated success helping a growth-stage or venture-backed company move toward profitability • Experience presenting directly to boards and investors • Experience supporting at least one institutional fundraising round • Demonstrated success redesigning financial and operational processes end to end • Proven ability to build cultures of accountability and consistently hit measurable targets • Strong financial modeling, analytical, strategic, and operational skills • Genuine commitment to expanding access to behavioral healthcare for underserved children and families • MBA or CPA strongly preferred • Behavioral health experience strongly preferred • Multi-state healthcare operations experience preferred

🏖️ Benefits

• Performance bonus tied to measurable KPI outcomes • Exceptional equity package • Medical, dental, and vision coverage • 401(k) • Opportunity to directly influence the growth and trajectory of a venture-backed healthcare company • The chance to help expand access to behavioral healthcare for children and families who need it most