Chief Finance Officer-Rural Affiliate
About The Position
The Chief Finance Officer is primarily responsible for serving as the senior financial leader for Kit Carson County Memorial Hospital, a CommonSpirit Health managed affiliate in Burlington, Colorado. The CFO is an integral member of the senior management team at the hospital and provides financial leadership, analysis, and operational support to all levels of management. The CFO is responsible for setting overall financial policies and procedures for the hospital and is ultimately responsible for accounting and finance functions. This executive reports to the Hospital CEO with a matrix reporting structure to CommonSpirit Health’s Mountain Region VP of Rural Health. In collaboration with and under the direction of the CEO of the hospital, CFO will provide direct oversight of the local hospital financial management team members. This includes, but is not limited to, oversight of the following functions:
Requirements
- Masters Degree in Accounting, Finance or related field - required
- Bachelor Degree in Accounting, Finance, or related field - required
Responsibilities
- Preparation of operating and capital budgets and monitoring performance against budget
- Capital expenditure and depreciation process & required reporting
- Maintaining appropriate internal controls
- Revenue cycle management
- Charge master review and updates
- Development of, and compliance with, financial policies and procedures
- Contractual allowances and bad debt allowances
- Annual audit preparation and support
- Banking relations
- Cost reporting
- Collaborate with senior management and boards of the hospital to develop financial goals and objectives for the hospital and its operating units.
- Maintain a thorough working knowledge of federal, state, and payer-specific payment methodologies
- Maintain a high level of expertise and working knowledge of CMS and other federal regulations and statutes such as Critical Access Hospital and Rural Health Clinic conditions of participation and reimbursement, EMTALA, Medicare fraud and abuse, Stark/Antitrust legislation, and IRS guidelines
- Support facility financial stability by analyzing operating performance, identifying improvement opportunities, and determining actions to be taken to meet performance targets
- Provide sound guidance, training, and education to all hospital leaders regarding financial management, reimbursement, compliance, billing & collections, financial trends, and other related topics
- Special projects as needed
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What This Job Offers
Job Type
Full-time
Career Level
Executive
Number of Employees
5,001-10,000 employees
