CHIEF FINANCIAL OFFICER

DescriptionJob Summary: Directs the organization's financial planning and accounting practices as well as its relationship with lending institutions, shareholders and the financial community. Oversee and direct treasury, budgeting, audit, tax, accounting, purchasing, real estate and insurance activities for the organization. Directs the Accountant in providing and directing procedures and systems necessary to maintain proper records and to ensure adequate accounting controls and services. Appraises the organization's financial position and issues periodic financial and operating reports. Analyzes, consolidates and directs all cost accounting procedures together with other statistical and routine reports. Directs and analyzes studies of general economic, business and financial conditions and their impact on the organization's policies and operations. Duties and Responsibilities:Direct Reports The following department managers report to the CFO: Dietary, Information Technology, Accounting, Health Information Management, Public Relations/Marketing, Foundation, Pharmacy, Materials Management, Business Office, Outpatient Services. CMH Finance Committee Serves as the management representative to the Board's Finance Committee. CFO is responsible for providing financial and statistical reports for monthly review, providing an agenda and completion of meeting minutes. Revenue Cycle Management Direct and participate in the development, monitoring, evaluation of revenue cycle management including but not limited to: scheduling, pre-registration, insurance verification, patient access/registration, financial counseling, health information management, charge entry/revenue protection, billing/claims submission, third party/guarantor follow up, cashiering/refunds/adjustment posting, denials, customer service, collection/outsourcing vendors, physician practice management, manage care contracting, and pay for performance. Cash Management Coordinate and control the facility's short-term cash activities in accordance with established financial and investment policies and objectives. Direct the hospital's banks in executing cash management decisions and working with the appropriate investment managers in coordinating fund transfers and monitoring investment performance according organization's investment policy. Financial and Cost Accounting Participate and formulate the facility's long-term and short-term financial strategic plan Serve as a liaison between the department directors and other hospital administrators/ managers in coordinating interdepartmental planning efforts and addressing major financial issues. Provide advice and assistance to department heads and managers in analyzing and interpreting financial data and reports and in presenting that information to their departments and/or physician groups. Provide advice and guidance as necessary in preparing and analyzing financial reports and executing appropriate responsive actions. Fully participate with organization's designated auditing firm for preparation of the annual financial audit and preparation of CMS cost report. Evaluate data processing needs on an ongoing basis and adapt programs to changing needs. Operating and Capital Budgeting Participate in the analysis of the financial implications of proposed capital projects and expenditures and recommend the execution of appropriate measures to respond to projected economic trends and/or regulatory changes. Participate in and formulate annual operating and capital budget plans with department managers. Recommend appropriate actions and strategies to respond to projected economic trends and/or regulatory changes. Service Line/departmental analysis to determine productivity accountability. Insurance/Provider Network Contracting Assist in evaluating the adequacy of the hospital's insurance coverage and in handling special/sensitive cases or problems and providing advice and guidance as necessary in preparing and analyzing risk management and insurance reports and appropriate executive responsive actions. Initiate, monitor, evaluate and renew payor contracts/network agreements to maximize reimbursement for facility and physician services. Audit, Compliance and Internal Control Mechanisms Implement, initiate appropriate control mechanisms to prevent or detect misstatements of the organization's financial statements. RequirementsProfessional Requirements Bachelor's degree in accounting or equivalent. Minimum of three to five years of progressive financial leadership experience in a health care environment. Skills: Previous supervisory experience. Able to communicate effectively in writing or verbally. Computer skills- Microsoft Word©, Microsoft Excel©, CPSI Health Information System.

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