Billings Clinic - Network Financial Executive (CFO)

Eide Bailly Executive Search has been retained by Billings Clinic based in Billings, MT to recruit its new Network Financial Executive (CFO) for the Critical Access Hospital (CAH) Network. Reporting to the System Chief Financial Officer and Vice President, Regional Operations, the Network Financial Executive (CFO) is responsible for providing executive financial leadership and management related to the management contracts in the regional health care network.

Organization:

Billings Clinic is Montana’s largest independent health care system serving Montana, Wyoming, and the western Dakotas. A not-for-profit organization led by a physician CEO, Billings Clinic is governed by a board of community members, nurses, and physicians. Billings Clinic operates 21 hospitals and generated close to $2 billion in net patient revenue the past fiscal year. Billings Clinic has more than 9,000 employees, including nearly 1,200 physicians and advanced practice providers, and offers more than 80 medical specialties.  In addition, Billings Clinic has 14 regional partnerships, including management agreements with 13 Critical Access Hospitals and one outpatient clinic. Billings Clinic was designated as the first Magnet organization in Montana in 2006 and is a member of the Mayo Clinic Care Network.

Physician leadership is embedded in the organization with a physician CEO and through its internal and community governing boards that have physician members. Billings Clinic is consistently recognized nationally for excellent performance in patient quality, safety, and service.  Billings Clinic launched Montana’s first Internal Medicine Residency program in 2014, a testament to its mission of advancing health care, education, and research.

Billings Clinic and Logan Health combined into a single, independent health system in September 2023.   Logan Health is a not-for-profit, 590-bed health system in Montana. While the main medical campus is in Flathead County, Logan Health draws from a total service area covering 20 counties, nearly 50,000 square miles and a population of nearly 700,000. The health system consists of six hospitals, more than 68 provider clinics and a host of other health care services, including the nation’s first rural air ambulance service (A.L.E.R.T.), which it has maintained for more than 40 years.  By uniting the two organizations, the newly combined system is stronger together and better positioned to adapt to the rapidly changing health care environment. The new system intends to sustain and grow services to meet the needs of Montana, Wyoming, and Western Dakota families.

Billings, MT, home to more than 184,000 residents, is the largest metropolitan area in the state.  Billings has balance.  It’s large enough to experience the community at your own pace, but small enough to run into friends at the grocery store.  It has a welcoming spirit that is inclusive while celebrating the unique diversity that makes up our western culture.  And Billings is strong, with a variety of economic pillars, good business, low unemployment, and amenities that boost quality of life.  Billings is energetic and growing, embracing its heritage while looking forward to the future.  The median home price is $325,000.  Billings’ climate is surprisingly mild for its northern location. In the winter, while the average snowfall is 59 inches, it rarely accumulates to any great depth due to frequent thawing periods.  Billings is ripe with activities and things to do. Whether you’re outdoorsy and adventurous, or prefer a slower pace and quiet culture, Billings offers it all.

Responsibilities

The position consults with and coordinates the Financial Services delivered to the Affiliates and is responsible to contribute to the growth and profitability of affiliate hospitals by professionally consulting with or managing their financial services and activities. Participates in strategic planning in conjunction with the affiliate hospital CEO, Board of Directors, and other members of the Regional Network Team. Responsibilities include interacting and consulting with auditors, federal and state agencies on cost reports/audits, and business office staff to support the preparation of annual financial and capital budgets, related charge entry and patient billing related to revenue cycle and management of account receivables. Position consults, evaluates, and recommends accounting policies/procedures and internal controls, cost reports and tax returns, vendor contracts/payments, capital purchases supply chain management, obtaining bank loans, charge master reviews and coding reviews. Position consults and recommends information system’s functionality, develops proformas for new services and ensures compliance with HIPAA and CMS, etc.

For more details (including requests for the full position specification) or to submit a nomination or application, please contact Derek J Castaneda at Eide Bailly, 18081 Burt Street, #200, Omaha, NE 68022; phone (402) 691-5594; or e-mail dcastaneda@eidebailly.com. 

*Billings Clinic and Eide Bailly are equal opportunity employers and do not discriminate against any person on the basis of race, religion, color, gender, gender identity, sexual orientation, age, national origin, disability, veteran status, or any other status or condition protected by law.

Salary : $325,000