Market CFO

Description

Job Summary:

Plans, organizes, and directs the fiscal services of a Market, including the development, interpretation, coordination, and administration of the Market’s policies on finance, accounting, insurance, financial/accounting systems, internal controls, and auditing. Maintains departmental reports and records. Collects statistical data for administrative and regulatory purposes. Supervises and coordinates the functions of reimbursements, budget, patient accounting, medical records, admitting and general accounting, which includes general ledger accounting, accounts payable, and cashiering. Prepares reports outlining hospital’s financial position in all areas of assets, liabilities, income, and expense based on past, present and planned future operations.

Essential Functions

• Participates in planning and creating the Market’s strategic, operational, service design and other organizational plans and policies to achieve the mission and vision of the Market.
• Plans and develops departmental budgets for revenue, capital and operational expenses, staff, and any other plans for allocation of fiscal or other resources according to the scope of services provided.
• Develops, designs, and provides for a written scope of services, departmental policies and procedures that guide and support the provision and integration of services according to the mission and vision of the Market.
• Directs the coordination and integration of financial services with other departments and the Market’s primary functions.
• Promotes and motivates staff members to implement department and hospital operational, programmatic, and other plans.
• Recommends and determines the sufficient number of staff to provide services and defines qualification, performant expectations, and competence of each person.
• Provides orientation, in-service training, continuing education, annual performance, and competency reviews of department personnel to ensure staff are competent to provide services.
• Participates in hospital and department performance improvement activities to measure and assess the quality of services provided.
• Ensures the accuracy and completeness of hospital financial statements.
• Directs financial activities for a Market and manages multiple subordinate department managers who supervisor staff members in multiple departments that may include, but is not limited to: Admitting, Business Office and Accounting.
• Participates in the Market’s long-term and short-term financial process.
• Carries out all financial policies and procedures as established by the Corporation through its Board of Directors.
• Directs and participates in the development of accounting, admission, credit/collection and internal control policies and systems and addresses related policy/system issues.
• Provides advice and guidance and assists as necessary in preparing and analyzing financial reports/statements in conformance with standard accounting practices and guidelines and executes appropriate responsive actions.
• Recommends appropriate actions and strategies to respond to projected economic trends and/or regulatory changes.
• Participates in the analysis of the financial implications of proposed capital projects and expenditures and recommends the execution of appropriate measures to respond to projected economic trends and/or regulatory changes.
• Reviews contracts and makes recommendations regarding the viability of the contracted services, the cost of the program/service and general conditions of the contract.
• Provides advice and assistance to hospital leaders in analyzing and interpreting financial data and reports.
• Ensures that accurate information is provided on a timely basis and assists as needed in facilitating the efficient conduct of external audits, examinations, and related finance projects.
  
  

Knowledge/Skills/Abilities/Expectations:

• Approximate percent of time required to travel: 10%
• Must read, write and speak fluent English.
• Must have good and regular attendance.
• Performs other related duties as assigned
  
  

Qualifications

Education:

• Bachelor’s degree in accounting or finance. Master’s degree in accounting or finance preferred. An equivalent combination of education, training, and experience may substitute for education requirements.
  
  

Licenses/Certification:

• Licensed Certified Public Accountant preferred.
  
  

Experience:

• Five years prior management experience in a hospital or healthcare setting.