The RoleResponsible for developing and operating a complete financial system to include accounting, financial reporting, management information systems, billing, admitting, auditing, maintenance of financial and statistical records, and safeguarding the assets of the system. Also, provides financial support to PHO, Medical Home and Foundation. The Chief Financial Officer has the following positions reporting to him/ her Comptroller, Computer Information Services, Patient Access, Patient Financial Services, Materials Management, Plant Operations, Environmental Services, Budget and Reimbursement, Accounting and Health Information Services, at multiple sites. This individual reports to the President / CEO. Performance is evaluated via: 1) effectiveness of business systems; 2) performance of all supervised functions; 3) working relationships; 4) overall financial success of hospital; 5) financial audit reports; 6) budget maintenance and review; 7) reimbursement maximization; 8) timely and accurate statistical and financial information; 9) contribution to the Executive Group. Key Challenges• Create financial vision for the organization as a whole.• Develop strategy to ensure viability of long term care facilities. • Improve efficiency of processes and procedures utilizing technology and right sizing where appropriate.• Maintains awareness and keeps senior management informed of the changing healthcare fiscal environment Key Responsibilities LEADERSHIP:• Establish financial policies and plans are developed and implemented and reviewed on an ongoing basis.• The hospitals financial and statistical accounting recording system is installed, monitored, and results are shared with the Management and the Board.• The annual operating budget and capital budget is prepared for presentation to the President and the Board on a timely basis.• Assist Department Directors in budget preparation and management.• Performs on-going oversight of finance of THS, Medical Home and AMC Foundation and reports results to stakeholders.• Participates in the development of corporate MAP and execution of Plans of Action to implement MAP items.• Reviews MAP of all supervised department directors.• Participates in the Executive Group and as Administrator on-call. Performs other duties as assigned by the Chief Executive Officer. • Practices servant leadership including close communication with direct reports, empowerment, providing tools to be successful, and mentoring direct reports. QUALITY:• The financial and statistical data for directors, the President and department managers is accurate, reviewed, analyzed and interpreted. Information is shared AH wide and often.• Monitors productivity hospital-wide and assists department directors in controlling expected staffing levels.• Monitors all expenses and assists department directors in controlling costs. • All Business Office functions are closely monitored including billing, collections and admitting with resulting high levels of accuracy and effectiveness.• All accounting functions are closely monitored with resulting high level of accuracy and effectiveness, and results. FINANCIAL:• Report financial performance and issue of financial impact to the Board Finance Committee; staffs this Committee.• The adequacy of the hospital rate structure in relationship to the cost of departmental operations and to prevailing rates of comparable hospitals in analyzed and adjusted periodically to maximize hospital revenue.• Can produce and distribute key financial performance indicators to Executive Team and department directors on a regular basis.• Practices strong negotiating skills in interaction with insurance companies and vendors. • Can provide accurate and complete financial pro formas for new projects.• Provides appropriate financial information to the Medical Staff on a routine basis.• Is familiar with Long Term Care finances.• Works with the Medical Director in clinical utilization analysis and other related projects.• Leads the Revenue Cycle team for maximum performance. COMMUNICATION:• All supervised department directors are included in planning, coordinating, and directing the activities of their respective staff, department financials, and development.• Development programs for staff are planned and coordinated.• Can perform Budget forecasting. • Practice strategic financial planning and stays current with changes in financial payment and reimbursement issues. COMPLIANCE:• Plan, coordinate, and prepare for year-end audits by the hospitals public accounting firm and third party auditors.• Adequate records of all contracts and leases, exclusive of agreements with personnel, are maintained.• All financial transactions covered by minutes of the Board of Trustees, Financial Committee, and/or Executive Committees are properly executed and recorded.• Record retention and filing system is established and maintained.• Internal systems are periodically audited for compliance and effectiveness. STRATEGIC PLANNING:• Together with the Director of Information Systems, has determined the MIS needs of all departments and helped create a system which generates needed data and/or timely and accurate information.• Participates effectively in corporate planning process.• Drives new business development. EMPLOYEE & LABOR RELATIONS AND RECRUITMENT & RETENTION:• Provides support for union negotiations and participates when necessary.• Assures screening and interviewing process for new employees has been followed, selection has been made on a sound basis and in accordance with hospital policy.• Non-conforming personnel are suspended and/or terminated consistent with hospital policies and union contracts in response to appropriate circumstances. CUSTOMER SERVICE:• Fosters a safe, respectful, harassment-free work environment.• Understands the finance department as a service department to all customers. • Focuses on improving customer satisfaction and service for all customers, both internally and externally.• Provide training in finances to all who ask. • Requests for special projects and analyses are carried out thoroughly and expeditiously in a responsive manner.• Performs cost analysis as requested• Financial support to affiliated organizations is satisfactorily provided. MAP (Management Action Plan)• Assists departments in creating MAP, that are realistic and achievable economically.• Holds department directors accountable for their MAP items and assists them to be successful. VALUE MANAGEMENTQUALITY:• Responsible for achieving the highest standards of quality, customer satisfaction, clinical outcomes, financial performance, productivity, cost reduction and process improvements.• Measurable inputs of quality control, cost control, and quality improvement meet or exceed organizational objectives.• Work schedules and assignments reflect the need of the hospital and the best use of human resources. FINANCIAL:• Planning and budgeting are aligned with the scope of the organizational management action plans and mission statement.• Budget is prepared with the directors and monitored for compliance.• Department operates within its budget.• Cost control measures (labor, materials, methods and processes) are in place and effective HUMAN RESOURCE DEVELOPMENT • Responsible for promoting and practicing Employee Philosophy and Guiding Principles, the improvement of staff morale and satisfaction, the promotion of department education and people development, including cross training, the recruitment and retention of employees, and effective utilization of the performance management process. TRAINING & DEVELOPMENT:• The finance department services and environment yield high quality, efficienct, patient satisfaction and employee morale. • In-service Education is coordinated within the department with staff meetings being held on a monthly basis.• Supervision of staff includes appropriate delegation of task, motivation, creating a positive attitude, open communications, flexible scheduling to accommodate educational endeavors and reward systems.• Evaluate employee performance and initiate or make recommendations for personnel actions such as merit increases, promotions, and disciplinary action. Resolve staff grievances.• Introduce and demonstrate new techniques, equipment and research findings to the staff. • Proper orientation, supervision, counseling and evaluation of personnel has been done in a timely and complete manner and documentation of areas of needed improvement with a plan of action prepared jointly with the employee is completed.• Update employees on hazardous communications, Right to Know Law, and specific safety measures on an annual basis. CORPORATE COMPLIANCE• Is knowledgeable of Corporate Compliance responsibilities and adheres to current rules, regulations, and policies that affect his/her specific job functions/responsibilities.• Assists other employees and/or departments with compliance issues and demonstrates support of the Corporate Compliance program.• Reports compliance issues/concerns in a timely and appropriate manner.
The Ideal CandidateThe Chief Financial Officer should bring a mix of experience, talent, style and values that will enable them to succeed in a complex, diverse, environment and assist in maintaining its status as a leading healthcare provider. An ideal candidate will also bring the following professional experience and personal qualities to this important role: • Graduate from an accredited college or university with Bachelors Degree in Accounting or Business Administration with a major in Accounting. • A Masters Degree in a related discipline and/or completion of C.P.A. exam is highly preferred. • Must have at least five years experience as Hospital Controller or Assistant Controller. • Experience as a Chief Financial Officer preferred.• HFMA membership preferred, ACHE membership preferred
CareerBuilder - 10 months ago
- save job
-
block
