Bon Secours Mercy Health-posted 3 months ago
Full-time • Senior
Midlothian, VA
Hospitals

At Bon Secours Mercy Health, we are dedicated to continually improving health care quality, safety and cost effectiveness. Our hospitals, care sites and clinicians are recognized for clinical and operational excellence. The Hospital Chief Financial Officer leads the financial operations of their respective site. Responsibilities include expense management, productivity, budgeting, forecasting, financial analysis, and capital planning. On-site leader for key shared service functions, including revenue cycle, supply chain and accounting. Functions at an executive level in an active leadership role. The Hospital Chief Financial Officer reports directly to the Market CFO with dotted line accountability to the Hospital President. The CFO also works closely with the hospital executive leadership team, department leaders, and shared service functions supporting the hospital.

  • Assume a lead role in analyzing and exploring means of reducing operating costs and increasing revenues based on knowledge of market trends, financial reports, and operating procedures.
  • Direct the preparation of internal financial reports, ensuring that the reports reliably reflect the financial position of the hospital.
  • Direct the timely submission of all financial data required by government and other regulated agencies.
  • Identify and report undesirable trends and potential business opportunities and make recommendations for action.
  • Assist the Hospital President in the development of long and short-range operations plans which may include service demand analyses, resources availability analyses, productivity, and cost benefit analyses of proposed capital and staff expansions.
  • Develop long and short range operational and capital budgets which are supported by the hospitals long and short-range plans and objectives.
  • Direct the preparation of statistical reports, budgets, and financial reports.
  • Administer the general accounting, revenue cycle, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures.
  • Provide informal direction in a matrix management environment. Monitor performance to ensure fiscal responsibilities are fulfilled.
  • Forecast the impact of business decisions and expected outcomes on all financial results.
  • Monitor financial and economic information to identify trends and indicators that may impact business operations, planning, investments, and so forth.
  • Communicate financial operational performance with all stakeholders, including senior administration, appropriate facility staff members and system finance leaders.
  • Review revenue cycle issues and trends for maximizing net reimbursement for Facility.
  • Review contracts, purchase agreements, and other financial arrangements to ensure compatibility with business goals and expectations about profitability and stewardship.
  • Participate in Bon Secours Mercy Health projects as assigned.
  • Bachelor's Degree - Business, Accounting or Finance or related field
  • 3-5 years financial leadership experience with significant time in a healthcare setting
  • MBA or Masters Degree in Accounting, Finance or Healthcare Administration
  • CPA
  • Comprehensive, affordable medical, dental and vision plans
  • Prescription drug coverage
  • Flexible spending accounts
  • Life insurance w/AD&D
  • Employer contributions to retirement savings plan when eligible
  • Paid time off
  • Educational Assistance
  • And much more
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service