VP Financial Services

Covenant Health•Morristown, TN

About The Position

Overview: Morristown-Hamblen Healthcare System is a 170-bed hospital serving an eight-county region in East Tennessee’s Lakeway Area. The facility includes more than 20 emergency suites, advanced laboratories, radiology, and therapy services, and a Breast Imaging Center of Excellence for mammograms, biopsies, and nurse navigation. The Women’s Center features six modern labor and delivery suites and a secure nursery for newborn care. With state-of-the-art technology and a dedicated team, Morristown-Hamblen provides exceptional, patient-focused care close to home. To meet the needs of our growing community, we continue to develop services, attract new physicians, and embrace innovation, all to promote an improved quality of life. Position Summary: Plans, organizes, and directs the strategic planning and fiscal resources of Morristown-Hamblen Healthcare System. Duties also include direct supervision of General Accounting, Cost Accounting, Accounts Payable, Budgeting and Reimbursement. This position interfaces with all Patient Registration and Admitting functions including Outpatient and Emergency Room.

Requirements

Master’s degree in Business Administration/Accounting or CPA.
Seven (7) years’ experience required

Responsibilities

Manages all financial resources.
Manages human resources and achievement of strategic objectives for the Financial Services Division.
Facilitates a process of effectively providing for capital needs.
Prepares and effects timely filling of federal, state, third party, and other financial reports as required.
Responsible for staying abreast of economic changes, and new trends in healthcare and assesses their potential impact on operations. Educates other members of the Senior Leadership team.
Leads the organization by visualizing the future and guiding us there financially. Focuses on the future and utilizes appropriate resources to teach the organization financial lessons learned from the past.
Provides budget planning guidelines; presents budget and performance goals to corporate office.
Coordinates with Risk Management to provide for current and adequate insurance protection to protect organizations from liability and other losses.
Supervises investigation and analysis of costs, charges, rates, etc., and makes appropriate recommendations to permit income to support organizational activities. Prepares revisions to rate structure.
Maintains full knowledge of business results by Product Line and makes strategic recommendations to the Senior Leadership Team based upon projected future results.
Establishes and maintains accounting systems to meet organizational needs, and periodically provides complete and accurate reports of assets, liability, and financial transactions.
Evaluates the information systems needs to support financial services and coordinates and assists in new applications development.
Reviews and analyzes monthly financial statements and operating reports with leadership and makes recommendations concerning methods of cost containment and revenue enhancement.
Coordinates financial services functions with other hospital departments and other affiliated companies and act as a resource for other departments in matters of record keeping and financial information processing.
Serves as liaison to corporate Information Services departments.
Follows policies, procedures, and safety standards.
Completes required education assignments annually.
Works toward achieving goals and objectives, and participates in quality improvement initiatives as requested.
Performs other duties as assigned.