ORGANIZATION OVERVIEW

For over 130 years, this not-for-profit health system has been providing advanced medical care for patients throughout California. In 1888, a group of 50 Santa Barbara women recognized it was time for the growing community to have a hospital — a not-for-profit facility dedicated to the well-being and good health of all residents, regardless of one’s ability to pay.

Cottage Health formed in 1996 as the not-for-profit parent organization of Santa Barbara Cottage Hospital and its affiliated Cottage Children's Medical Center and Cottage Rehabilitation Hospital, Goleta Valley Cottage Hospital, and Santa Ynez Valley Cottage Hospital. Today, our nationally recognized services provide families with the patient-centered care they deserve.

Cottage Health Quick Facts (2024):

• Hospitals and Medical Centers: 5
• Specialty Care Clinics and Services:  47
• Licensed Beds: 578
• Hospital Admissions: 20,733
• Days of Inpatient Care: 103,415
• Surgeries: 13,892
• Babies Delivered: 2,005
• Emergency Department Visits: 91,649
• Emergency Departments, Level 1 Adult Trauma Center, Level II Pediatric Trauma Center, Designated STEMI Receiving Center: 3
• Outpatient Visits: 155,073
• Employees (Full-Time Equivalent): 3,725
• Volunteers: 450+
• Medical Staff Physicians: 700+
• Physician Residency Programs: 4
• Clinical Residency Program (Pharmacy): 1
• Net Revenue: $1.3B
• Bond Rating (Fitch): AA-

PURPOSE OF THE POSITION

Cottage Health is focused on innovation and aims to create an extraordinary healthcare experience for all patients. Reporting to the President & Chief Executive Officer, the CFO will be a key leader at the forefront of innovation and will play a crucial role in strategic decision making and organizational growth. Cottage Health has a robust financial foundation, consistently demonstrating strong financial performance and providing a solid platform for growth and long-term viability. This is an opportunity to lead and shape the financial future of a well-established healthcare delivery system.

The CFO will be a strategic leader with extensive experience in a highly complex delivery system or other health-related organization with a demonstrated track record of leading through influence to accomplish the stated mission and vision. They will have a proven history of making significant contributions to businesses known for their high standards, mission-driven approach, and results-driven culture. The CFO will play a pivotal role in leading and partnering to enhance the overall performance and growth of Cottage Health.

KEY RESPONSIBILITIES

The CFO is the most senior financial leader of the system and will be responsible for the overall financial integrity of this quality-centric healthcare delivery system. They will oversee the organization’s strategic and operational finance functions and protect and manage all of Cottage Health’s assets and liabilities. The CFO serves as a business partner and advisor to the CEO, senior leadership team, and Board of Directors on financial matters and in leading the organization’s ongoing evolution and growth. They are responsible for developing, recommending, and managing Cottage Health’s long-range financial plans in accordance with the strategic plan. Furthermore, the CFO is responsible for operating the capital budgets and capitalization and financing of all operating entities. The CFO manages the financial affairs of Cottage Health on an ongoing basis.

EXPERIENCE AND PROFESSIONAL QUALIFICATIONS

• Ten plus years of increasing responsibility in financial management with significant experience as a senior Finance leader of a complex, multi-entity health-related organization.
• Must have a proven track record of success in leading profitable financial operations for a multi-site, multi-service line, and sophisticated healthcare enterprise in a competitive market.
• Strong knowledge and skills across all aspects of the finance function (financial operations, budgeting, strategic financial and capital planning, revenue cycle, treasury/investments, decision support, IT systems, etc.).
• Experience in assessing and analyzing merger and acquisition opportunities and partnerships/affiliations.
• Well-versed in the healthcare industry more broadly, with the ability to utilize market trends to influence strategic planning and remain forward-thinking with innovation, all while keeping a measured, business focus on ultimate success for the organization and community.
• Must have a strong understanding of and demonstrated skills in leadership, strategic management, change management, communications, team building, continuous quality improvement, problem solving, decision making, innovation, financial management, and stewardship of resources.
• Skilled negotiator who maintains strong relationships with payors, physicians, business partners, colleagues, and others. Knowledge of potential risk-sharing opportunities.
• Able to influence and generate consensus, reaching across organizational boundaries to collaborate and achieve objectives.
• Excellent verbal and written communication skills to communicate with a variety of individuals, including the executive team, board members, physicians, the public, and external agencies and organizations.

EDUCATION

• Bachelor’s degree is required.
• Graduate-level credentials are preferred (or other advanced degree) in finance, business administration, and/or healthcare is preferred. CPA preferred.

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Korn Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis.