Chief Financial Officer

Position Summary :

The Hospital CFO is both accountable and responsible for all aspects of the revenue cycle and the hospital financial management for the assigned hospital(s). The position reports to the Hospital's Chief Executive Officer.

KEY RESPONSIBILITIES :

The hospital CFO is accountable for ensuring all aspects of a fully optimized revenue cycle operation within the hospital setting including an advisory role to ensure financial statements are accurate and explained. The role is accountable for meeting HSA "Key Financial Metrics," and working to appropriately address metric variances.

• Accountable for overall revenue cycle, revenue integrity / quality, and ensuring all billing compliance and government regulations are followed.
• Accountable for appropriate and accurate daily charge capture by department, daily department revenue reconciliations, fixing rejected charges, and minimizing late charges.
• Accountable for oversight of denial management including edit worklists, root cause analysis, recommendations for process / system enhancements, and overall coaching and leading staff.
• To advise and collaborate with centralized financial reporting to explain variances and determine mitigating actions.
• The role oversees and is responsible for leading internal hospital departments and ensuring staffing levels are optimized across revenue cycle and may include Patient Access (Registration, Patient Financial Services, Referrals and Authorizations), Case Management (CM), Health Information Services (HIM) and Coding, Clinical Documentation Excellence (CDE), Local Finance, and other areas as assigned.

Accountable for the following revenue cycle and financial components (subject to change by area) :

Patient Registration.

Case Management. Responsible for the following :

Concurrent case management duties.

All medical records, transcription and coding.

Responsible for daily charge review for tracking hospital performance

Responsible for defending the hospitals' interests on all third-party payer audits.

Review annual net revenue budgets for hospital(s). Explain variances.

Education / Experience / Licensure / Technical / Other :