Chief Financial Officer (CFO) - Springdale, AR

Chief Financial Officer - Northwest Medical Center - Springdale

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Job Summary

Northwest Medical Center - Springdale is a 222-bed facility offering a range of services including open-heart surgery, neurosurgery, a Chest Pain Center, behavioral health services, and an acute-care inpatient rehabilitation unit.

The Chief Financial Officer (CFO) is responsible for providing financial leadership and decision-making to support the hospital's mission and strategic objectives. This role oversees financial operations such as expense management, revenue cycle, budgeting, forecasting, financial analysis, and capital planning. The CFO collaborates with departments including Accounting, Patient Access, Health Information Management, Revenue Management, Physician Practice Services, Managed Care, and Human Resources. The CFO also manages financial risks and oversees financial reporting. Departmental responsibilities include Accounting, Case Management, Information Systems, and more.

Essential Functions

• Provides financial leadership to hospital staff and management to support, create ownership, and encourage decisions that positively impact the hospital’s financial performance.
• Develops and implements strategies for revenue growth and margin improvement to meet financial goals.
• Participates in state and federal funding initiatives to improve reimbursement for the facility and providers.
• Analyzes costs, operations, and forecast data on service lines in collaboration with senior leadership to monitor financial targets.
• Develops and enforces financial policies, procedures, and long-term goals.
• Identifies opportunities for cost reduction and partners with leadership to eliminate non-value costs.
• Ensures compliance with financial regulations and standards.
• Works with providers to monitor quality metrics aligned with financial objectives.
• Oversees accuracy of General Ledger entries and bank reconciliations.
• Monitors hospital cash receipts and disbursements for accuracy and controls.
• Prepares and presents monthly financial reports to staff and leadership.
• Prepares exhibits for third-party reimbursement contractual allowances.
• Performs other duties as assigned and ensures policy compliance.

Qualifications

Knowledge, Skills, and Abilities

Licenses and Certifications

Additional Details

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