Following the direction of the Chief Executive Officer, Board of Directors and CHC's Senior Vice President of Hospital Financial Operations, the Interim CFO is responsible for providing leadership and oversight of the overall financial planning and financial operations of the hospital while ensuring compliance with the hospital's mission, vision, values, goals, strategic direction, and applicable laws and regulations.
S/he appraises the organization's financial position and issues periodic financial and operating reports; directs the hospital's financial planning, revenue cycle, payroll, and accounting practices; oversees and directs treasury, budgeting, audit, tax, purchasing, real estate and insurance. The Interim CFO develops and implements policies and procedures to include safeguarding of assets and adherence to generally accepted accounting principles; ensures proper accountability and reporting to federal and state agencies and all matters pertinent to a fiscally responsible flow of operations. S/he assures the implementation and adherence to CHC system-wide financial policies and procedures.
The Interim CFO is responsible for positive relationships and effective communications with lending institutions, the financial community, Community Hospital Corporation, medical staff, employees, volunteers, community representatives and board members as appropriate. S/he fulfills the leadership role in the CEO's absence.
Education and Experience
- BS/BA degree in finance, accounting, business or a related discipline required
- A CPA designation preferred
- A graduate level degree is a plus
Experience
- 5 - 7 years of progressive career experience in Hospital Finance/Accounting. Hospital Interim CFO experience required.
- Requires managerial experience and demonstrated understanding and experience with hospital financial reporting, revenue cycle management, accounting, budgeting, accounts payable, treasury, audit, tax, payroll, information technology and materials management.
- Prefer experience with Paragon/Allscripts
Major Responsibilities
- Supports the mission of the hospital
- Assures hospital compliance with federal, state and local government laws and regulations, accrediting agency standards ad hospital policies and procedures rules and regulations.
- Participates in the development of the facility's strategic plan and short and long-term objectives which will ensure the continued growth of the facility and the provision of necessary services to the community; implementing plans and programs as approved by the governing board.
- Maintains the hospital's compliance with all regulatory and legal requirements.
- Fully participates in the Compliance Program as defined by CHC Corporate policies, procedures, and practices timely with support documentation and reporting as required
- Oversee financial management, participates in the preparation and management of sound operating, project and capital budgets. Ensures the effective use of risk management, financial controls, productivity measures, reimbursement principles and contracting. Meets budget-critical financial metrics. Effectively negotiates third-party contracts. Provides stewardship of all financial and physical resources.
Requirements
- Ability to plan, organize, develop, implement, and interpret the necessary programs, goals, policies, and objectives that are necessary for providing sound financial management of the hospital.
- Ability to solve management issues and direct numerous and varied operations.
- Ability to define realistic, specific goals and objectives and to prioritize objectives
- Ability to organize and manage multiple priorities
- Ability to motivate and manage people and work with them in such a manner as to build high morale and group commitments to goals and objectives
- Ability to work with all levels of management and respecting all differences
- Ability to communicate and relate well with others including CHC staff, physicians, the Board, employees, community business leaders, volunteers and the general public
- Ability to identify and resolve operational and administrative problems
- Ability to work with Medicare system and be adaptable to changes
- Ability to accept accountability and create a high performance culture
- Ability to establish and communicate a clear and compelling vision
- Ability to attract, develop and retain talent
- Ability to work independently and make independent decisions as necessary
- Ability to support and model CHC's values and competencies
- Ability to lead and maintain a culture of safety and quality
- Ability to work in a rapidly changing and stressful environment
- Knowledge of hospital and health care practices and procedures as well as laws, regulations, and guidelines pertaining to health care finance
- Knowledge of financial management, accounting systems, treasury practices, risk management, financial controls, productivity measures, risk management, reimbursement principles, management care contracting, information management, and materials management
- Knowledge of and demonstrated skill in leadership, strategic management, change management, communications, team building, continuous quality improvement, problem solving, decision-making, innovation, and stewardship of resources
- Skill in establishing a balanced perspective on mission effectiveness and business results
- Possess a strong customer service orientation
- Possess critical thinking skills
- Possess sound and accurate judgment and timely decision making
- Proficient PC skills, including Microsoft Word and Excel spreadsheets
Benefits
Typically interim positions are on the CHC payroll in a PRN status and not eligible for participation in the company benefit programs, the discretionary incentive plan, or the Paid Time Off (PTO) and Holiday programs. However all employees of CHC are covered under our Directors & Officers (D&O) Insurance. Expenses reimbursed according to CHC travel and expense policies.