Chief Financial Officer

Chief Financial Officer

Mille Lacs Health System - Onamia, Minnesota

Organization Overview

Mille Lacs Health System (MLHS) is a comprehensive healthcare system that is tucked alongside one of Minnesota's greatest lakes and is located 80 miles from the Twin Cities, in Onamia, Minnesota. It is an independent rural health care system and serves 20,000 year-round residents of the predominantly rural area of Mille Lacs County. We also serve portions of Morrison, Aitkin, Crow Wing, and Kanabec counties and residents of the Mille Lacs Ojibwe Indian Reservation. Located near beautiful Mille Lacs Lake, we are also a convenient high-quality healthcare facility for weekend visitors and vacationers.

MLHS is a community-owned, not-for-profit healthcare organization which consists of an 18 bed Critical Access rural hospital and Level IV Trauma Center in Onamia as well as five Family Medicine Clinics located in Isle, Garrison, Hillman, Onamia, and Milaca. We also have two retail community pharmacies with highly qualified pharmacists and techs in Isle and Onamia to offer the breadth of care that our community requires.

This thriving health system with its newly completed CAH hospital facility, seeks an experienced Chief Financial Officer (CFO) to provide financial leadership as we address today's and tomorrow's healthcare challenges.

Summary

The CFO has responsibility for all financial reporting (internal and external), budgeting, financial analysis, negotiation and monitoring of managed care contracts, preparation of cost reports, general ledger accounting, maintenance of charge master and implementation of internal audit programs. The CFO also provides leadership as a key member of the senior management team and is responsible for strategic financial planning and financial reporting to the Board of Directors.

Job Duties

• Organize and prepare the budget in accordance with guidelines from the Board of Directors.
• Supervise the accurate maintenance of all accounting and statistical records.
• Oversee the revenue recovery cycle including admissions, scheduling, HI, coding integrity, billing, and collections.
• Organize the Treasury function following investment policies and debt management guidelines set forth by the Board of Directors.
• Provide timely financial and statistical reporting to governmental and other agencies.
• Provide managers with timely data, robust reporting tools and support for budget management.
• Manage the organization's third-party payer contracting including analysis and negotiation of contracts.
• Oversee the planning, implementation and maintenance of the organizations information systems.
• Maintain the organization's Charge Master implementing pricing updates, review costs and update charges as indicated. Follows billing rules based on government and payer regulations and policies from the Board of Directors.

Qualifications

• Bachelor's degree in accounting, Finance or related field from an accredited college required.
• CPA or master's degree required.
• Minimum of five years' experience in hospital or health care financial management or auditing.
• Independent judgment to direct financial operation, in coordinating activities of business office procedures and systems, and in making decisions involving accounting transactions, budget policy, and complying with various laws and regulations.
• Two years' experience in previous senior leadership or management position preferred.
• Critical Access Hospital experience preferred.

Candidates should apply via our job advertisement or by emailing a resume with cover letter to Van Norman & Associates, (caleb@vannorman-hr.com), a full-service search/human resources consulting firm serving healthcare employers throughout the Midwest for over 35 years.

Mille Lacs Health System operates under the principles of equal employment opportunity for all persons without regard to race, color, creed, religion, national origin, gender, gender identity, age, sexual orientation, genetic information, marital status, disability, military or veteran status, in regard to public assistance or any other basis prohibited by applicable federal, state or local law.

Salary : $180,000 - $240,000