The Chief Financial Officer serves as the primary financial. Major responsibilities include developing and maintaining a strategic financial plan and annual operating and capital budgets; financial analysis of new programs, acquisitions, and business development; revenue management; preparation of the financial statements, in accordance with financial management and techniques appropriate to the health care industry; decision support and cost accounting; oversight of disbursements and receivables processes; oversight of patient admissions processes. The Chief Financial Officer reports directly to the CEO. Contacts are maintained with outside consultants, associations and government agencies.
Proactively advise and educate management on all aspects which financially impact hospital operations
Prepare and update long range forecasting for the hospital and its financial network
Develop and administer the following activities:
Provide financial information and consultation to management
Interpret current financial trends and respond with appropriate action
Develop strategies to increase cash flow – including improvements in revenue cycle management all with a target of increasing days cash on hand
Ensure compliance with covenants incorporated in financing documents
Negotiate contracts and agreements with third parties
Participate in professional associations and community service activities
Establish monitoring processes and forecasting to position to adjust to changes in value based purchasing
Work directly with managed care to forecast and model impact of fee for value and risk agreements on financial status
Lead and facilitate organizational planning for changing reimbursement methodologies
Lead or facilitate strategies and steps for cost containment within the organization
Plan, assign and review work of staff to ensure that group objectives are met. Hire, train, develop and manage staff to ensure that a qualified staff exists to meet group objectives
Perform other related duties and participate in special projects as assigned
Minimum of a Bachelor’s degree in finance, accounting, business administration or equivalent discipline is required.
Masters degree in finance, accounting, business administration OR certification as a public accountant required.
A minimum of ten (10) years of healthcare delivery system administration; diverse portfolio with hospital land large medical group finance leadership roles.
Knowledge of provider billing practices and understanding of healthcare reimbursement methodologies.
Job requires the highest level of problem solving. The work requires identifying and resolving very complex problems, such as developing innovative solutions based on extensive cross functional knowledge of the entire organization.
Demonstrated ability to operate successfully in a constantly changing, fast pace environment.
Demonstrated emotional intelligence and interpersonal skills, initiative, self-motivation, practical learning skills, enthusiasm, and an ability to complete multiple tasks in a timely and accurate manner.
Work requires ability to ensure adherence to all policies and procedures of university.
Experience in public speaking, business presentations, meeting management and business correspondence.
Ability to communicate effectively orally and in writing.
Ability to appropriately handle confidential and/or sensitive corporate information.
Extensive experience and adaptability as to computer skills.
Ability to multi-task and solve complex operational issues in health care settings.’
Job Types: Full-time, Contract
Pay: $150,000.00 – $200,000.00 per year
Ability to commute/relocate:
Work Location: One location
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