Chief Financial Officer

Job Description

Position Chief Financial Officer (CFO)

Organization Merrick Medical Center-Bryan Health

Location Central City, NE

The Position

The Merrick Medical Center (MMC) CFO is responsible for providing financial leadership to the organization. The position works closely with the CEO to ensure strong financial performance by establishing appropriate performance standards, qualifications and expectations. Ensures legal and regulatory compliance for all accounting and financial reporting functions. Responsible for the proper planning and allocation of resources under their control to include the preparation and monitoring of the annual operating budget and financial objectives consistent with MMC’s strategic plan. All duties are performed consistent with MMC’s standards and behaviors.

The CFO’s principle duties and responsibilities include :

• Committing to the mission, vision, beliefs and consistently demonstrating the Bryan Health and MMC core values.
• Oversees performance standards / metrics for each of the departments within the division and evaluates the performance against the standards; coaches and assists the managers in improving their planning and performance.
• Understands the accounting and financial reporting regulations related to all governmental programs.
• Identifies appropriate internal controls for department and provides mechanisms to monitor and enforce compliance and coordinates the annual audit, cost report preparation, and 990 preparation with outside auditing firm as needed.
• Has a thorough knowledge and understanding of the Medicare cost report and understands cost report compliance and opportunities to maximize cost reimbursement.
• Evaluates the clinic financial statements and operations (including physicians’ productivity reports and physicians’ employment contract) and prepares appropriate analysis.
• Works with the corporate accounting team to develop and maintain the accounting system used in evaluating department costs and profitability and provides information as needed to make managerial decisions.
• Compiles information and performs comparative analysis to other hospitals and clinics; determines benchmarks to be used in evaluating processes and productivity throughout MMC.
• Consistently analyzes financial data and presents financial reports in an accurate and timely manner; clearly communicates monthly, quarterly and annual financial statements; monitors progress and changes and keeps senior leadership abreast of MMC’s financial status.
• Works with CEO and senior leadership to use data analytics to develop business plans for new, or growing existing, business opportunities.
• Supports the MMC CEO in engaging the board and its committees around issues and trends in financial operating models and delivery.
• Assists management in managing both productivity and volumes by providing summary and detailed statistical reports showing resource consumption and unit costs.
• Evaluates the financial feasibility of new or existing services and programs; accesses a wide variety of data bases and reports to prepare analytical reports and special studies.
• Evaluates and manages MMC’s payer contractuals and advises the President and Board of Directors on material changes in contractual estimates or issues as needed.
• Guarantees accurate and timely preparation of monthly financials for distribution, and presentation, to President, management of MMC, Bryan Health, and MMC Board of Directors.
• Develops a relationship with MMC’s and Bryan Health’s auditing firms and ensures that annual audits are performed appropriately and timely. Seeks to ensure audit has no controllable adjustment entries.

Qualifications

The ideal candidate will have served as a successful Chief Financial Officer (CFO) or in a leadership role with progressive responsibility for the organizations accounting, finance and budgeting processes for a minimum of five (5) years, preferably in a Critical Access Hospital. Must have a bachelor’s degree in accounting, healthcare administration, business or other directly related field of study. Active CPA is preferred. Must have strong leadership and operational experience.

The ideal candidate will :

Be a mission driven, visionary and innovative leader

Be visible and involved in the community

Have the ability to build and maintain effective teamwork

Insure a positive work culture

Be a great communicator with all staff, providers, patients and community members

Build people up and promote accountability

Effectively communicate and have interpersonal skills, including listening and approachability

Display financial acumen; proficiency in budgets, productivity metrics, and Medicare cost reporting

Knowledge of performance improvement, budgetary and financial methods and practices

Manage conflict effectively and is comfortable with crucial conversations and performance management

The Organization

Merrick Medical Center-Bryan Health, located in Central City, Nebraska, is a recognized leader in providing a continuum of healthcare to over 10,000 rural residents in Merrick and nearby surrounding counties in Central Nebraska for over sixty years. MMC and their medical clinics in Central City and Fullerton are the primary source of healthcare for the rural communities it serves. MMC opened their new $27 million, 51,307 square feet facility in June of 2022 and are dedicated to continuing to offer award-winning services and keeping health care close to home. The new facility consists of 6 adaptable inpatient care rooms, a full-service emergency department, state of the art operating room, rehabilitation gym, 18 room rural health clinic, cafeteria and additional patient care departments and amenities.

Four Board Certified Family Practice physicians, a Board Certified Psychiatry and Neurology physician, and four physician-assistants staff the Central City Medical Clinic and satellite clinic in Fullerton, NE. MMC employs nearly 120 medical and support staff, and is one of the largest employers in the service area. The Medical Center also works in tandem with physicians across the state to offer eight professional outpatient specialty clinics.

The Community

Merrick Medical Center is located immediately off Highway 30 in the beautiful community of Central City, Nebraska. Central City, the county seat of Merrick County. The 3,000 residents of Central City are fortunate to live in a clean, safe community that offers a great place to raise a family. Central City features a thriving business district, a quality school system and new state-of-the-art hospital. This community is made up of neighbors, friends and extended family that work together to assure a prosperous future for generations to come.

Central City is truly a community that has something for everyone. They are home to several parks, sports facilities, walking / biking trials, and golf course. They also take great pride in their new 250,000 gallon aquatic center and 520 seat performing arts center. Central City supports a strong small business community with a variety of shops, restaurants, financial institutions and wellness facilities. In 2019 they received the Nebraska Showcase Community award for their exceptional work on development goals and strategies for community improvement and the impact those projects have made for the long-term benefit of Central City.

Compensation

The successful candidate will receive attractive and competitive compensation combined with an excellent benefits package.

Interested Candidates

Interested and qualified candidates may submit their resume to Aaron Delahoyde, via email at aaron.delahoyde@bryanhealth.org. He can also be reached by phone at 402-481-0328. Your candidacy will be held strictly confidential.