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The Chief Financial Officer directs the financial and other departmental activities in accordance with defined hospital policies and objectives. Responsibilities include management of all financial departments, allocation of resources, and preparation of the annual budget. Departmental responsibility typically includes Accounting, Reimbursement, Managed Care, Health Information, and Utilization Review. Functions at an executive level in an active leadership role. The Chief Financial Officer is responsible to the Hospital CEO, and maintains business relationships with the Division CFO, Hospital CEO, COO, and CNO.
What you will do in this role:
You will assume 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.
You will direct the preparation of internal financial reports, and ensuring that the reports reliably reflect the financial position of the hospital.
You will direct the timely submission of all financial data associated reports required by government and other regulated agencies including payroll tax reports, public disclosure reports, and third party payor cost reports.
You will identify and report undesirable trends and potential business opportunities and making recommendations for action.
You will assist the CEO in the development of long and short range hospital operations plans which may include service demand analyses, resources availability analyses, productivity, and cost benefit analyses of proposed capital and staff expansions.
You will develop long and short range operational and capital budgets which are supported by the hospitals long and short range plans and objectives.
You will direct the preparation of hospital statistical reports, budgets, and financial reports.
You will administer the general accounting, patient business services, including third party reimbursement, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures.
You will provide informal direction in data processing, distributed systems, material management and medical record functions. Monitoring performance to ensure fiscal responsibilities are fulfilled.
You will forecast the impact of business decision and expected outcomes on all financial results.
You will monitor financial and economic information to identify trends and indicators that may impact business operations, planning, investments, and so forth.
You will communicate financial operational performance with all stakeholders, including senior administration, appropriate facility staff members and Division Office.
You will review denials issues and trends for maximizing net reimbursement for Facility. You will maintain accuracy of charge master.
You will review contracts, purchase agreements, and other financial arrangements to ensure compatibility with business goals and expectations about profitability.
What qualifications you will need:
Bachelor's degree Accounting, Finance or related field required
Master's degree preferred
4+ years of experience in a Hospital Controller, Asst. CFO, or VP of Finance role preferred
Certified Public Accountant preferred
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HCAhrAnswers at 1-844-422-5627 option 1.