Chief Financial Officer (CFO)

Lifepoint Health•Hancock, MI

14d•Onsite

About The Position

The Chief Financial Officer (CFO) provides leadership and direction to all financial departments for the overall fiscal responsibility of the hospital. This role administers the general accounting, patient business services, including third party reimbursement, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures. The CFO also provides direction in data processing, distributed systems, material management and medical records functions, trains subordinates, and monitors performance. Additionally, the CFO assists the CEO in developing long and short-range hospital operations plans, develops operational and capital budgets, prepares cash flow and budget variance analyses, and monitors financial performance. The role identifies and reports undesirable trends and potential business opportunities, directs the preparation of internal financial reports, and assures timely and accurate financial reporting. The CFO takes a lead role in analyzing and exploring cost reduction and revenue enhancement strategies and is responsible for the timely submission of all financial data and reports required by government and other regulated agencies.

Requirements

Bachelor’s Degree in Accounting or Finance and the knowledge of generally accepted accounting principles, and verbal, interpersonal and quantitative skills normally acquired through completion of this degree is required.
A minimum of 3 years of experience working at the CFO level in an acute-care hospital is required.
Minimum of three years of progressive management experience in an investor-owned healthcare organization required.
Must be a strong, hands-on and approachable leader who understands the value of being a team-player and have an outgoing and friendly personality.
Must understand how to motivate and inspire staff to achieve optimal results, while keeping employee satisfaction high.

Nice To Haves

CPA or Master's Degree strongly preferred.

Responsibilities

Administers the general accounting, patient business services, including third party reimbursement, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures.
Provides formal or informal direction in data processing, distributed systems, material management and medical records functions.
Trains subordinates on the above areas and monitors performance to ensure fiscal responsibilities are fulfilled.
Assists the CEO in the development of long and short-range hospital operations plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions.
Develops long and short-range operational and capital budgets, which are supported by the hospitals long and short range plans and objectives.
Prepares cash flow analyses and budget variance analyses.
Recommends budget modifications as required. Assists managers in the development of departmental budgets.
Monitors, interprets and analyzes hospital financial performance in realizing established plans and objectives of the hospital.
Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
Directs the preparation of internal financial reports including work papers for annual financial audit.
Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the hospital.
Assumes a lead role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.
Responsible for direction and submission on a timely basis all financial data associated reports required by government and other regulated agencies including payroll tax reports, public disclosure reports and third party payor cost reports.