Chief Financial Officer presso Johnson Regional Medical Center

Description

Job Title: Chief Financial Officer 

Reports to: Chief Executive Officer

Job Summary: 

Directs the organization’s financial planning and accounting practices as well as its relationship with lending institutions and the financial community. Oversees and directs budgeting, audit, tax, accounting, purchasing, real estate and insurance activities for the organization. Appraises the organization’s financial position and issues periodic financial and operating reports. Analyzes, consolidates and directs all cost accounting procedures together with other statistical and routine reports. Directs and analyzes studies of general economic, business and financial conditions and their impact on the organization’s policies and operations.

Demonstrates Competency in the Following Areas:

• Participates in the hospital’s long-term and short-term financial process. 
• Directs and participates in the development of accounting, admission, credit/collection and internal control   policies and systems and addresses related policy/system issues. 
• Coordinates and controls the hospital’s cash and investment management activities. 
• Provides advice and guidance as necessary in preparing and analyzing financial reports and executing   appropriate responsive actions. 
• Assists in evaluating the adequacy of the hospital’s insurance coverage and in handling special/sensitive cases or   problems and providing advice and guidance as necessary in preparing and   analyzing risk management and insurance reports and appropriate executive responsive actions. 
• Serves as a liaison between the department directors and other hospital administrators/ managers in   coordinating interdepartmental planning efforts and addressing major issues. 
• Supports and maintains a culture of safety and quality. 
• Coordinates and controls the hospital’s short-term cash activities in accordance with established financial policies and objectives. 
• Directs and participates in productivity systems and standards and works with senior leadership and managers on implementation. 
• Directs the hospital’s banks in executing cash management decisions and works with the appropriate investment managers in coordinating fund transfers and monitoring investment performance. 
• Recommends appropriate actions and strategies to respond to projected economic trends and/or regulatory changes. 
• Participates in the analysis of the financial implications of proposed capital projects and expenditures and   recommends the execution of appropriate measures to respond to projected   economic trends and/or regulatory changes. 
• Provides advice and assistance to department heads and managers in analyzing and interpreting financial data   and reports and in presenting that information to their departments and/or physician groups. 
• Ensures that accurate information is   provided on a timely basis and assists, as needed, in facilitating the  efficient conduct of external audits, examinations and related financial projects.

Professional   Requirements:

• Adheres to dress code, appearance is neat and clean. 
• Completes annual education requirements. 
• Maintains regulatory requirements, including all federal, state, local regulations and accrediting organization standards. 
• Maintains and ensures patient   confidentiality at all times. 
• Reports to work on time and as   scheduled. 
• Wears identification while on duty. 
• Attends annual review and performs departmental in-services. 
• Works at maintaining a good rapport and a cooperative working relationship with physicians, departments and staff. 
• Represents the organization in a positive and professional manner. 
• Attends committee, CQI and management meetings, as appropriate. 
• Resolves staff concerns at the departmental level, utilizing the grievance process as required. 
• Ensures   compliance with policies and procedures regarding department operations, fire safety, emergency management and infection prevention and control. 
• Effectively and consistently communicates administrative directive to staff and encourages interactive   departmental meetings and discussions. 
• Complies with all organizational   policies regarding ethical business practices. 
• Communicates the mission, ethics and   goals of the hospital, as well as the focus statement of the department.

Requirements

Minimum qualitications:

· Must have thorough knowledge of accounting, finance, reimbursement, budgeting, revenue cycle management, and credit and collection as relates to healthcare.

· A Bachelor degree in Accounting or Finance is required, Master degree in Business, Accounting, Finance, or CPA preferred.

· Requires 7 years of prior management experience in a hospital or healthcare setting.

Language Skills:

· Able to communicate effectively in English, both verbally and in writing.

· Additional languages preferred.

Skills:

· Basic computer knowledge.

Physical Demands:

· Normal hospital environment. Normal/corrected eyesight. Hearing within normal range. Continuous sitting. Frequent walking. Occasional lifting and carrying up to 20 pounds.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position without compromising patient care.