CFO

Long Island Select Healthcare Inc.•Central Islip, NY

About The Position

Provides executive financial leadership to the organization including planning, organizing, coordinating and directing all aspects of the Finance department. Leads FQHC financial strategy including PPS optimization, wrap reconciliation, and reimbursement maximization. Oversees HRSA Section 330 grant financial management and compliance. Responsible for all aspects of Financial Management, which includes, but is not limited to: Reporting, Budgeting, Cash Management, Banking, Taxes, Regulatory Compliance, Revenue Cycle, and Internal Control.

Requirements

Advanced knowledge of FQHC reimbursement including PPS, APGs, and NY Article 28, 31, 16 frameworks (DOH, OMH, OPWDD). Experience with financial systems modernization and BI tools.
Knowledge of the principles and practices of health care administration, fiscal management and government regulations and reimbursements.
Knowledge of revenue & reimbursement methodologies.
Knowledge of the principles and practices of employee development sufficient to manage the department.
Knowledge of computer systems, programs and applications.
Skill in exercising a high degree of initiative, judgment and discretion.
Skill in analyzing situations accurately and taking action.
Skill in establishing and maintaining effective working relationships.
Skill in organizing work, delegating and achieving goals and objectives.
Skill in exercising judgment and discretion in developing, interpreting and implementing departmental policies and procedures.
Ability to plan, organize and integrate priorities and deadlines.
Ability to identify, analyze and resolve financial problems.
Ability to evaluate and make recommendations for continuous quality improvement.
Ability to research, analyze, interpret complex data and present comprehensive reports.
Ability to communicate clearly and effectively orally and in writing.
Masters degree in Finance, Accounting, Health Care Administration, Business Administration, or comparable field is required.
Minimum of ten years’ experience including seven years in a healthcare.
Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
Ability to write routine reports and correspondence.
Ability to speak effectively before groups of customers or employees of organization.
Ability to work with complex mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry.
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Ability to solve practical complex problems and deal with a variety of concrete variables in situations where only limited standardization exists.
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
To perform this job successfully, an individual should have advanced knowledge of Microsoft Office software (Word, Outlook, Excel), and financial software packages, i.e. Great Plains, eClinicalWorks, PayChex, UltiPro, Dynamics.
Possess excellent verbal and written communication skills necessary for effective communication

Nice To Haves

CPA, CPC, COC, or similar certification is preferred.
FQHC experience strongly preferred.

Responsibilities

Participates on the Executive Team to develop and implement strategic objectives in support of the organization’s mission, strategic plan and objectives.
Leads value-based payment strategy and managed care financial modeling.
Oversees 340B program financial performance.
Owns enterprise revenue cycle performance including KPIs (Days in AR, Net Collection Rate, PPS realization).
Develops long-term financial plans including service line profitability and expansion.
Provides financial analytics and dashboards for decision-making.
Leads Board Finance Committee engagement.
Supervises Finance staff including but not limited to: Controller, Accounting Manager, Senior Financial Analyst, Jr. Accountant, Credentialing Manager, & Purchasing Manager.
Selects, trains, orients, and supervises departmental personnel.
Recommends merit increases, promotions and disciplinary actions.
Develops, implements, evaluates and revises, as necessary, company-wide and departmental financial policies and procedures.
Supervises the preparation of budgets, to include the annual Operating, Capital, and Cash budgets, as well as non-routine budgets in support of grant applications.
Supervises the preparation of annual and interim financial statements in accordance with Generally Accepted Accounting Principles (GAAP).
Supervises or performs financial analyses and keeps the Board of Directors, the Chief Executive Officer and other appropriate parties apprised of the Corporation’s financial position.
Supervises the preparation and assures timely submission of the Medicaid and Medicare cost reports, Consolidated Fiscal Report (Article 16), and the MCVR Annual Report.
Supervises the purchasing and information technology functions.
Supervises and assures timely completion of required external audits.
Ensures that adequate general liability and property insurance are maintained to protect the organization’s assets.
Participates in professional development activities and maintains professional affiliations.
Serves as Administrator of the Group 403B Pension Plan.
Responsible for implementing state-of-the-art systems to further financial functions across department.
Collaborate with Human Resources for benefits, pension, and payroll.