Chief Financial Officer

Norman Regional Health System•Norman, OK

About The Position

The Chief Financial Officer (CFO) will establish and maintain highly reliable, data-driven operations to ensure revenue integrity and accurate financial management for all service lines across the organization. This role involves developing updated financial policies, procedures, and reporting systems to enhance asset safety and operational efficiency. The CFO will communicate financial data, including cash accounting, line item budgets, forecasts, and models, to diverse audiences such as the NRHS Board members, operational leaders, staff, and community members. Communications will encompass financial planning, strategic budget analysis, and statistical results of operations, along with recommended areas for improvement concerning assets, liabilities, income, and expenses. The position also includes directing and developing financial and revenue integrity team leaders, collaborating with executive colleagues and senior leaders across NRHS in developing financial strategy, and partnering with leaders across each service line to effectively manage human and material capital expenditures. Maintaining accurate departmental reports and records, including statistical data for administrative and regulatory purposes, is also a key responsibility. The role requires maintaining highly effective and positively influential relationships with internal and external customers, adopting a proactive approach to anticipate and exceed customer expectations, and maintaining open communication channels with the CEO and executive colleagues as strategic partners. Regular weekly two-way communication with direct reports is expected. The CFO will develop specific work plans and due dates, follow through on assignments within timeframes, and prioritize tasks to maximize efficiency and meet expectations. Maintaining a positive outlook and adjusting to unanticipated changes, serving as a role model for strength and courage through adversity, is also part of the role's initiative.

Requirements

Master’s degree from recognized university in field of finance, accounting, or health care administration required.
10+ years progressive financial leadership experience in a hospital or healthcare system setting required.
Extensive experience with Health Care regulatory compliance, capital management, GASB and GAAP statements, audits and controls, with added strength in operating with limited operating liquidity/capital/cash on hand.
Extensive experience with Healthcare contract management, including provider and payor contracting, methodologies and negotiations.
Extensive experience with Debt instruments and restructuring, bonds and investments - including developing and maintain positive relationships with those external financial partners.
Extensive experience with Developing and motivating managers and staff, leading 100+ team members - including a strong working knowledge of human resources management and employment law.
Extensive experience with Computer-driven financial systems and data analysis.
Extensive experience with Developing and implementing cohesive, multiple service-line budgets.
Extensive experience with Developing and implementing strategic planning initiatives.
Extensive experience with Creating effective working relationships with physicians, staff and Board members.
Extensive experience with Maintaining confidentiality concerning patient data, including personal, financial and medical information.
Extensive experience with Exercising professional judgment and discretion, maintaining an executive presence in all interactions within NRHS and across various external environments in the local community and with external stakeholders in other locations.

Nice To Haves

FHFMA (Fellow, Healthcare Financial Management Association) certification highly preferred.
Certified Public Accountant, Certified Management Accountant or Certified Manger of Patient Accounts preferred.
5+ years CFO and/or Revenue Cycle Senior Leadership experience preferred.

Responsibilities

Establish and maintain highly reliable, data-driven operations to ensure revenue integrity and accurate financial management for all service lines across the organization.
Develop updated financial policies, procedures and reporting systems to enhance the safety of assets and operational efficiency.
Communicate cash accounting, line item budgets, forecasts, models and other data in a meaningful method to various audiences, from NRHS Board members to operational leaders to staff and community members. Communications will include financial planning, strategic budget analysis and statistical results of operations alongside recommended areas for improvement regarding assets, liabilities, income and expenses.
Direct and develop financial and revenue integrity team leaders.
Collaborate with executive colleagues and senior leaders across NRHS in developing financial strategy, partnering with leaders across each service line, to effectively manage human capital and material capital expenditures.
Maintain accurate departmental reports and records, including statistical data for administrative and regulatory purposes.
Maintain highly effective and positively-influential relationships with internal and external customers.
Maintain a proactive approach to anticipate and exceed customer expectations.
Maintain an open and constantly flowing communication channel with the CEO and executive colleagues as strategic partners in a collaborative assessment of operations and investments.
Maintain a regular weekly cadence of two-way communications with direct reports.
Develop specific work plans and due dates.
Follow-through on planned assignments within assigned timeframes.
Prioritize assignments to maximize efficiency and meet expectations established with the CEO and key stakeholders.
Maintain a positive outlook while adjusting to unanticipated changes, serving as a role model for strength and courage through adversity.