Chief Financial Officer - Hospital

Our client is an independent, not-for-profit health system located in Kansas that is looking for a Chief Financial Officer.

They are a $240M, 200-bed hospital with a Level III Trauma Center and a 100-physician group.

Overview

The Chief Financial Officer (CFO) leads the financial performance and planning of the health system to ensure financial sustainability.

The CFO provides leadership and direction to all financial departments for the overall fiscal responsibility of the health system.

As part of the role to achieve financial solvency, the CFO must work with all other types of leaders from supply chain, facilities, human resources, and compliance to help achieve goals while maintaining overall budget performance.

The CFO must be both a source of trusted advice while at the same time forecast issues that could lead to negative financial implications for the health system.

• Assists in identifying revenue stream opportunities
• Administers the general accounting, patient business services, including third-party reimbursement, financial, and statistical reporting functions of the health system in accordance with established policies and accounting procedures.
• Provides formal or informal direction in data processing, distributed systems, material management and medical records functions.
• Assists the CEO in the development of long and short-range health system operations plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions.
• Develops long and short-range operational and capital budgets, which are supported by the health system’s strategic plan.
• Prepares cash flow analyses and budget variance analyses.
• Recommends budget modifications as required. Oversees the development of departmental budgets.
• Monitors, interprets and analyzes hospital financial performance in realizing established plans and objectives of the health system.
• Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
• Directs the preparation of internal financial reports including annual financial audits.
• Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the health system.
• Assumes a lead role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.
• Responsible for direction and submission on a timely basis all financial data associated reports required by government and other regulatory agencies including payroll tax reports, public disclosure reports and third-party payor cost reports.
• Provides proactive, sound guidance regarding management of assets and investments, and financial trends within the facility.
• Works with department leaders and patientcare executives to implement financial plans and productivity benchmarks, and to monitor progress toward productivity goals.

Minimum Qualifications (Experience, Education& Special Certifications)

• Bachelor’s Degree in Accounting or Finance and the knowledge of generally accepted accounting principles as well as verbal, interpersonal and quantitative skills normally acquired through completion of this degree is required.
• CPA or Master’s Degree required.
• A minimum of 3 years of experience working at the CFO level in a healthcare setting is required.
• Minimum of three years of progressive management experience in a fully integrated healthcare delivery system.
• Must be a strong, hands-on and approachable leader who understands the value of being a team-player and has an outgoing and friendly personality.
• Must understand how to motivate and inspire staff to achieve optimal results, while keeping team member satisfaction high.
18 days ago