Job description

Newberry County Memorial Hospital (Newberry Hospital) is a 90-bed, acute care, independent, not-for-profit, community hospital located in Newberry County, South Carolina. Newberry Hospital is a Joint Commission Gold Seal approved hospital and under the guidance of a strong board, excellent leadership, and exceptional staff, Newberry Hospital has earned numerous awards. In addition, they have positioned themselves well for the future with a strong financial position.

Position:

As a member of the Hospital's senior management team, the Chief Financial Officer (CFO) will coordinate and lead 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 a collaborative and innovative management team with a vision for the hospital of growth and sustainability.

Duties and Responsibilities:

• Overall financial operations of NCMH, an acute-care facility, including general accounting, budget preparation and management, external audits, tax reporting, financial planning and analysis, Medicare and Medicaid reporting, and management of department directors for Accounting, Revenue Cycle services - to include billing, collections, access management, coding, and managed care, Materials Management, Health Information Management, Case Management, and Information Technology.

• Management of non-finance support and select clinical departments as assigned by the CEO.

• Working with system management to develop and implement policies and procedures, short- and long-range goals, and 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.

• 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 Chief Nursing Officer.

• 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 director 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 Ovation Healthcare support team keeping the Ovation Healthcare 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 NCMH Material Management Director and the Ovation Healthcare PLUS (supply chain) team to maximize savings.

• 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.

• 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 preferred.

•Minimum of 5 years CFO level or equivalent experience within an acute care hospital environment required with such experience preferably being with a stand-alone, not for profit, acute care hospital.

• Knowledge of overall hospital operations at a level to provide leadership, in conjunction with the CNO, in the event of absence of the CEO.

Community:

In Newberry, you can enjoy the friendliness and security of a smaller community, while living just 30 minutes to one hour from the urban centers of Columbia, Greenville, and Spartanburg. Charlotte, NC, is approximately two hours away and Atlanta is three and a half hours away. Newberry County is in close proximity to the mountains and the beaches and is a progressive, largely rural area with a sense of history, a feeling of community, and the stability of deeply established roots.

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: In person

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