Chief Financial Officer

Bay Area Hospital•Fort Bridger, WY

About The Position

The Chief Financial Officer manages the operations of Bay Area Hospital’s Finance Division and oversees all hospital financial activities, including accounting, budgeting, reimbursement, treasury functions, and reporting policies. The role is responsible for ensuring financial reports are accurate, consistent, and timely, and has ultimate oversight of fiscal services supporting admissions, registration, accounts receivable, credit and collections, accounts payable, cash flow, charge master descriptions, and clinical coding of medical records. The CFO works with hospital leadership and staff to improve the organization’s financial performance, support long-range planning, ensure regulatory compliance, and maintain the hospital’s financial viability. The position also directs or coordinates multiple financial and administrative functions across the hospital.

Requirements

Bachelor of Science or Bachelor of Arts degree from an accredited college or university.
At least five years of progressively responsible experience administering financial areas and programs in a health care facility.
Master of Business Administration degree in Accounting or Finance; extensive experience may be considered in lieu of the degree.
Demonstrated collaboration, leadership, developmental leadership, communication, vision and strategy, decision-making, and results-focus competencies.
Ability to communicate effectively and work with people from various backgrounds.

Nice To Haves

FHFMA certification or CPA certification preferred.

Responsibilities

Work closely with the President/Chief Executive Officer, Executive Team, and hospital staff to help fiscally improve the organization.
Prepare current and comparative analyses and statements about hospital costs, revenues, and financial condition, including departmental net income, expenses, and profit or loss.
Evaluate proposals from vendors and managed care companies for their financial impact and effect on the hospital’s future viability.
Prepare analytical, statistical, and financial studies for long-range planning and assess major equipment purchases and hospital expansions or remodels.
Direct and coordinate financial administration, general accounting, financial analysis, business services, revenue cycle, materials management, reimbursement, health information management, facilities, biomedical services, environmental services, and food services.
Work with investment managers to comply with ORS regulations and select appropriate investments.
Participate in labor negotiations and labor disputes.
Direct hospital budget preparation by setting policies and procedures for department budgets and coordinating their compilation into the hospital budget.
Obtain funding for large projects.
Coordinate insurance policies to ensure hospital assets are properly insured against loss or damage.
Develop and maintain cash-flow projections and controls; monitor the cash position and ensure adequate funds are available for outstanding and planned commitments.
Direct preparation of cost reimbursement reports for government and private third-party agencies to ensure regulatory financial compliance and appropriate reimbursement.
Attend workshops and seminars and maintain a self-study program to stay current on financial developments and pending government regulatory changes.
Participate in analysis of employee benefit plans and wage increases to determine current and future cost impacts.
Support the organization’s mission, vision, and values; comply with applicable laws and regulations, the Code of Conduct, and the hospital Compliance Program.