Job description

As a member of the Hospital's senior management team, the Chief Financial Officer (CFO) will participate in the financial and functional decision-making processes necessary for the successful attainment of the hospital's mission, in addition to maintaining an awareness of changes in healthcare matters that could have an impact on the success of the hospital. This is a great opportunity to join an innovative and energetic management team with a new vision for the hospital and a plan for growth.

General Summary:

• Supportive Board of Trustees working to implement new growth opportunities.
• Implement continued structures and processes for efficient business office functions.
• Building a culture of teamwork with a commitment to excellence.
• Experience with Revenue Cycle and track record of success required.

Duties and Responsibilities:

• Overall financial operations of KDMC, including general accounting, budget preparation and management, external audits, tax reporting, financial planning and analysis, Medicare and Medicaid reporting, and management of department directors such as Accounting, Revenue Cycle, Business Office functions or non-finance support and select departments as assigned by the CEO.
• Work with the CEO to develop and implement policies and procedures, short- and long-range goals, objectives and plans.
• Providing financial leadership to hospital managers, directors and officers that will enroll support, create ownership of goals, and encourage active participation in decisions that impact the hospital.
• Ensuring the hospital meets necessary financial regulatory and compliance requirements.
• Keeps up to date with all federal statutes surrounding participation in the Medicare and Medicaid programs, including, but not limited to: EMTALA, Medicare fraud and abuse issues, Stark legislation, and IRS guidelines pertaining to the operation of not-for-profit facilities.
• Leads the development of operational and capital budgets in support of the hospital’s strategic plan.
• Assists the CEO in the identification and development of strategic plans for new services that generate additional sources of profitable revenue - contributing financial expertise to include analyses of service demand, resource availability, and project feasibility. Implementation support / project management may be required as well.
• Managing costs by continually seeking data that will identify opportunities and take action to eliminate non-value costs in conjunction with the hospital's Chief Executive Officer and Senior Leadership Team.
• Prepares cash flow and budget variance analyses.
• Monitors, interprets, and analyzes hospital financial performance including trending of key financial metrics with comparison to industry benchmarks, investigates unfavorable trends and comparisons, develops actions to address unfavorable findings, and monitors action plan(s) completion conclusion.
• Analyzing areas in planning, promoting, and conducting organization-wide performance improvement activities.
• Representing the hospital at meetings including medical staff, hospital Board of Trustee meetings as well as relevant community meetings as needed.
• Assures the timely and accurate preparation of monthly financial statements and reports, and presentation of these statements and reports to the Board of Trustees ensuring Board understanding of the hospital’s financial performance and position as well as communication of any key issues and status of plans to correct / address such issues.
• Participating in the hospital's monthly operation reviews (MOR’s) with the QHR Health support team keeping the QHR support team aware of all key operational and financial developments.
• Monitors effective revenue cycle processes to keep patient accounts receivable at a targeted level contributing to optimization of cash flow.
• Monitors hospital compliance within the Healthtrust GPO working closely with the KDMC Material Management Director and the QHR PLUS (supply chain) team to maximize savings.
• Assist the hospital CEO in physician contract review and in other service related agreements.
• Other duties as required.

Knowledge, Skills, and Abilities:

• Ability to establish and maintain effective working relationships with hospital staff - including department directors and other senior leadership, medical staff, Board of Trustees, and community.
• Experience to include strategic oversight with an emphasis on financial reporting analysis and cash flow management.
• Strong revenue cycle knowledge and problem-solving skills.
• Public relations abilities.
• Excellent verbal and listening skills.
• Ability to establish and maintain effective working relationships with hospital staff, medical staff, Board of Trustees, and community.
• Must understand how to motivate and inspire team members to achieve optimal results while maintaining a high level of employee engagement and satisfaction.
• Ability to maintain confidential information concerning personal, financial, or medical matters.
• Ability to perform the administrative aspects of leading departments and teams to include budgeting, time approvals, staff evaluations, and expense approvals.

Work Experience, Education, and Certifications:

• Bachelor’s degree in Accounting or Finance required with strong knowledge of generally accounting principles. CPA and/or Master’s preferred.
• 3-5 years in a senior financial position of a healthcare organization.
• Knowledge of overall hospital operations at a level to provide leadership, in conjunction with the Senior Leadership Team.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: One location

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