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The Chief Financial Officer (CFO) is responsible for the overall financial administration for the facility. Additional areas of responsibility may include: general accounting, data processing, materials management, information systems, and financial reporting. This position ensures that the internal controls are adequate to safeguard the assets of each entity and that the accounting systems are sufficient to generate accurate and timely financial reporting.
Job Responsibility:
Help create and implement initiatives in order to build and grow the facility
Help analyze and see ideas from a financial mindset in order to help ensure the success of future endeavors
Consult the Division CFO and Corporate office personnel concerning the facility’s financial affairs, financial goals, and objectives
Develop the operating policies and procedures
Ensure the accurate review of product line analysis, and consult with the facility CEO and Division CFO
Prepare financial and management reports and prepare and administer the facility’s annual operation and capital budget
Partner with facility CEO and other executive team members on preparing the annual facility business plan
Plan and coordinate functions and activities of assigned departments. Responsibilities include evaluating performance and initiating or recommending personnel actions and maintaining good employee relations with department staff
Ongoing monitoring of expense structure to identify opportunities for efficiencies and cost reduction
Actively participate in Board of Trustees, Medical Staff and community meetings
Direct preparation of projections to inform facility and Division leadership of anticipated performance in future periods
Review and maintain a healthy revenue cycle to ensure consistent cash flow
Work with the Division and joint venture partner on managed care negotiations to maximize payer contracts
Requirements:
Bachelor’s Degree in accounting/finance or related field required
Master's Degree from an accredited college or university in Hospital Administration or Business Administration preferred
Previous experience as a hospital CFO
Current knowledge of The Joint Commission, OSHA, state and federal regulatory standards
Excellent leadership and interpersonal skills to effectively communicate ideas, problems, instructions (written and oral) with corporate management staff, facility management staff and employees
Ability to analyze situations, evaluate data, recommend, and implement courses of action that would improve the functioning of the company
Ability to interpret, adapt, and apply guidelines, policies and procedures
Ability to use sound judgment in decision making and react calmly and effectively in an emergency situation
Knowledge of strategic planning and short and long-range goal implementation
Nice to have:
Experience in an integrated health delivery system