Chief Financial Officer

Samaritan•Moses Lake, WA

About The Position

Samaritan is seeking a Chief Financial Officer to join their team, dedicated to providing healthcare services and an excellent work environment. The CFO will report directly to the Chief Administrative Officer and be responsible for the financial operations and success of the health system. This role includes oversight of accounting, information technology, materials management, revenue cycle, patient access, health information management, patient financial services, reimbursement, and payor contracting. As a key member of the senior leadership team, the CFO will advise and report to senior leadership and the Board of Commissioners on financial performance and metrics. The executive will be crucial in developing short- and long-term strategic goals, with key priorities including maximizing revenue growth, identifying cost savings, optimizing revenue cycle operations, reviewing managed care agreements, and actively participating in strategic planning and decision-making. The position requires excellent leadership skills, fostering a high-trust culture, empowering employees, and demonstrating initiative, creativity, outstanding communication, and problem-solving abilities.

Requirements

Master’s degree in business, healthcare or related field is required.
Fifteen (15) years of total experience.
Ten (10) years of Management and/or Director level experience.
Identifiable management experience to include planning, financial accountability, employee relations, and quality improvement activities.
Experience supervising and directing multiple departments.
Must possess logical thinking skills and be able to anticipate and implement changes in computer software/programs while evaluating potential impact to the current system.
Visible and engaged leader.
Ability to develop outstanding relationships with physicians, superiors, peers and staff.
Ability to achieve superior financial performance in the current period and in the future through establishing strong collaborative linkages with operations.
Working knowledge of alternative payment methodologies and payer relations strategies.
Demonstrated ability to identify, organize and analyze data and to set-up structures to address the decision support requirements of the organization.
Proven communicator and problem solver.
Critical thinking skills.
Consistently applying and grounding data analytics to decision making.
Ability to foster a culture of accountability.
Personal accountability and the ability to foster accountability throughout the organization.
Excellent leadership skills with a philosophy of creating a high-trust culture that empowers employees as individual contributors and fosters a strong team environment.
Initiative, creativity and outstanding written and verbal communications.
Demonstrated ability to find creative solutions to complex problems.

Nice To Haves

Certified Public Accountant or equivalent preferred.
Healthcare background (for 15 years of total experience).
Healthcare background (for 10 years of Management and/or Director level experience).
Knowledge of health care systems to include acute care, outpatient care, clinics, long-term care, home health, and other systems is preferred.

Responsibilities

Develop and foster positive, effective relationships through respect, open communication, trust, and partnership.
Develop the campus to serve the region.
Value patients, families, employees, community, physicians, and partners.
Participate in volunteerism and community events as an Ambassador for Samaritan.
Actively participate in professional associations, representing Samaritan's interests.
Strengthen relationships through purposeful rounding, timely follow-up, and stop light reports.
Elevate gratefulness through thank you notes, peer-to-peer recognition, and the DAISY Award.
Promote Wellbeing.
Actively involve in the planning process.
Inspire alignment and development of operational practices to achieve business goals.
Set and achieve goals through Strategic Plan updates, organizational goal setting, department goals, monthly accountability meetings, and honoring vital time.
Build partnerships to maximize Samaritan achievement.
Engage in Business Planning.
Ensure consistency and accountability.
Oversee and direct day-to-day operations effectively, focusing on efficiency.
Manage staffing and work assignments.
Ensure quality patient care.
Optimize work flow.
Manage resources, equipment, and materials.
Keep professional knowledge and skills current to ensure effective operations.
Manage projects and processes.
Improve communication through communication boards, huddles, and department meetings.
Develop and foster an employer of choice culture.
Attract, develop, and retain talent.
Evaluate competency and education.
Manage employee relations.
Implement recognition programs.
Provide coaching to employees.
Handle discipline and counseling.
Set expectations and ensure accountability.
Promote employee involvement and communication.
Foster relationship, connection, and employee engagement.
Ensure employee safety and security.
Ensure legal, regulatory, and policy compliance.
Facilitate giving and receiving feedback through informal and formal methods, and empower employees for peer-to-peer feedback.
Ensure effective hiring and onboarding processes, including peer panel interviewing, behavior-based interviewing, organizational orientation, and new employee rounding.
Manage Samaritan's overall financial health by consistently and proactively managing productivity and cost containment.
Conduct annual and ongoing budgeting, optimization, and utilize benchmarking.
Report audit goals, manage resources, ensure fiscal stewardship, maximize productivity and cost containment, identify revenue generating opportunities, and conduct monthly operational reviews.
Inspire and assure an environment that engages staff in performance improvement, patient safety, and service to others.
Inspire and assure alignment with family-centered patient care.
Ensure regulatory compliance (DNV, DOH, Stark, etc.).
Perform data analysis and develop appropriate initiatives.
Promote best practice.
Actively involve in committees, teams, etc.
Improve outcomes through data analysis.
Lead change by adhering to standardized improvement methods and leveraging stakeholder engagement.
Achieve standards by utilizing Samaritan standards of behavior and positive communication standards.
Achieve and maintain a level of knowledge/competence in areas of responsibility to effectively and safely perform all duties; keep abreast of current trends and development.
Directly responsible for the financial operations and success of the health system.
Oversight of areas such as accounting, information technology, materials management, revenue cycle, patient access, health information management, patient financial services, reimbursement, and payor contracting.
Advise and report to senior leadership and the Board of Commissioners regarding financial performance and metrics.
Play a key role in developing the health system’s short- and long-term strategic goals and priorities.
Maximize opportunities to grow revenue.
Identify and implement cost savings opportunities to ensure long term financial stability.
Optimize revenue cycle operations.
Review managed care agreements.
Actively participate in organizational strategic planning and decision-making processes.