Chief Financial Officer (CFO) - Warsaw, IN

Community Health Systems Professional Services Corporation•Warsaw, IN

11h

About The Position

Lutheran Kosciusko Hospital has been a proud part of Kosciusko County for nearly 50 years. We've grown with the community, expanding services so you can receive care closer to home, family and friends. Being your neighbor and serving our hometown is about so much more than the services we provide. It's about caring for our neighbors The physicians, providers and staff live here and raise their families here. We are neighbors providing a deeply rooted, personalized level of care to those who work, play and live close to us. It's about improving the health of our community Helping people get well and live healthier is the foundation of our work. In 2024 alone, patients received health care through 291,200 hospital or clinic encounters with providers. This includes more than 16,300 ER visits, 4,800 surgeries and 400 births. As a major employer and taxpayer, Lutheran Kosciusko Hospital is a cornerstone of the economic health of our community. We are honored to help and are extremely proud of our hospital's more than $145 million local impact in 2024. More than $24 million in charity and uncompensated care helped our community's most vulnerable, while over $8 million in property taxes helped support local public safety, schools and public infrastructure. We also understand the importance of extending our reach into the community and are proud to support local organizations that share our goal of enhancing health and wellness in the place we all call home. It's about investing to meet our community's needs We continue to provide a level of care beyond what's expected in smaller cities. It's comforting to know you can remain close to loved ones when health issues arise. Since Lutheran Kosciusko Hospital opened the county's first catheterization lab, or cath lab, more than 1,400 patients have received a cardiac cath, a type of image-guided therapy used to diagnose and treat certain heart conditions. The cancer care center has delivered extensive services for more than 20 years. Patients requiring frequent testing and treatment – imaging, radiation therapy and surgical services – are able to receive care without unnecessary travel. In fall 2024, community members and hospital staff celebrated completion of a multi-year $30 million investment that includes 25,700 square feet of new construction and renovation. Improvements include surgical services expansion and updates; renovations to patient rooms and nurses' stations; a redesigned, customer-friendly lobby and updates to the hospital's façade. Our investment also extends to service excellence. We seek accreditations and certifications reflecting a higher standard of care, inviting external organizations to take a closer look at our services. For example: Lutheran Kosciusko Hospital has been accredited as a Chest Pain Center for more than 15 years and is also certified as a Primary Stroke Center. Imaging services – breast ultrasound, CT, mammography, MRI and ultrasound – are accredited by the American College of Radiology. The certified cardiopulmonary rehabilitation program helps patients with heart-related concerns or chronic respiratory disease. The Sleep Disorders Center is fully accredited by the Accreditation Commission for Health Care. Job Summary The Chief Financial Officer (CFO) is responsible for providing financial leadership and decision-making to support the hospital's mission and strategic objectives. This role oversees financial operations, including expense management, productivity, revenue cycle, budgeting, forecasting, financial analysis, and capital planning. The CFO collaborates with shared business partners in Accounting, Patient Access, Health Information Management, Revenue Management, Physician Practice Services, corporate Managed Care, and Human Resources to optimize daily and monthly financial operations. Additionally, the CFO manages financial risks and oversees the preparation of financial statements and reports. Departmental responsibilities typically include Accounting, Case Management, Information Systems, Health Information Management, and Patient Access.

Requirements

Bachelor's Degree in Accounting or Business related field required
8-10 years of progressive experience in healthcare financial management required
5-7 years of experience in a senior financial leadership role within a hospital or healthcare system required

Nice To Haves

Master's Degree in Accounting, Business Administrations, or Healthcare Administration preferred
1-3 years of recent acute care hospital CFO experience in a proprietary health system preferred
Certified Public Accountant (CPA) preferred or
Certified Healthcare Financial Professional (CHFP) preferred

Responsibilities

Provides financial leadership to hospital staff and management to support, create ownership, and encourage decisions that positively impact the hospital’s financial performance.
Develops and implements strategies for revenue growth and margin improvement to meet financial goals.
Participates in state and federal funding initiatives to improve overall reimbursement for the facility and providers.
Analyzes costs, operations, and forecast data on service lines in collaboration with senior leadership colleagues to monitor progress in meeting financial targets.
Develops and enforces financial policies and procedures, short- and long-range goals, objectives, and plans.
Manages costs by identifying opportunities for cost reduction and taking actions to eliminate non-value costs in partnership with other senior leadership colleagues.
Ensures the hospital meets financial regulatory and compliance guidelines, maintaining adherence to all applicable standards.
Works closely with providers and local team members to monitor quality metrics and align them with financial objectives.
Oversees the accuracy of General Ledger entries and ensures the timely reconciliation of all bank accounts to the General Ledger.
Monitors hospital cash receipts and disbursements for accuracy and adherence to internal control procedures.
Prepares and presents timely and accurate monthly departmental operating reports to hospital staff and senior leadership.
Prepares monthly exhibits for the accurate presentation of all third-party reimbursement contractual allowances.
Performs other duties as assigned.
Maintains regular and reliable attendance.
Complies with all policies and standards.