Full Job Description
We Are Hiring
Hospital CFO - Executive Support - Full-Time, Day - Navistar - Lisle,IL
Why Join AMITA?
AMITA Health (www.AMITAhealth.org) is a joint operating company formed by the Adventist Health System in Altamonte Springs, FL and St. Louis, MO based Ascension.
AMITA Health is the largest health system in Illinois, comprising 19 hospitals and more than 230 sites of care. The health system has 900 providers in its medical groups, more than 26,000 associates and 7,000 physician partners and serves over 4.3 million residents in the greater Chicagoland area.
What You Will Do
As an Associate with AMITA Health, you will have the opportunity to work in collaboration with the finance team to ensure coordination for major projects and other system initiatives.
The Hospital CFO provides leadership and oversight for hospital accounting and finance functions, including general accounting, financial controls, internal/external financial accounting and reporting policy, budgeting/financial planning functions and efforts, under the direction of Regional finance leadership. Manages the budget and uses financial data to make recommendations to support decision making, ensuring the long-term financial viability of the hospital.
Provides input into and support for finance initiatives driven by region including interpretation, communication, and support in solving region challenges related to finance, accounting, budgeting, insurance, financial/accounting systems, internal controls, and auditing.
Provides consultation to the Regional Finance Officer and CEO on hospital goals.
Evaluates and interprets economic, social, and government influences on hospital financial performance. Actively seek ways to control costs without compromising the quality of services delivered.
Analyzes and interprets data and develops clear and informative methods to present financial information, special projects, and focused studies to region leadership.
Develops short term and long term financial plans for hospital in alignment with overall AMITA financial plans that emphasize the shift from cost management to cost reduction. Ensures that region are aligned with System financial and operating goals.
Prepares reports for the senior and executive leadership outlining hospital financial position in all areas based on past, present and future operations, including variance analysis of actual to budget performance.
Oversees and maintains sign-off authority on monthly financial statements of hospital with a focus on contractual allowances, bad debt, charity and uninsured discount reserves and other judgmental areas.
Supports government and commercial billing and follow-up, and processes to integrate Region revenue cycle processes to share data, vendors, and applications with senior financial and executive leadership.
Provides input into strategy for ICD-10 assessment, planning, readiness, implementation and productivity technology with AMITA leadership.
Collaborates with senior and executive leadership to implement policies, processes, and guidelines for insurance verification, notification, and authorization.
Implements clinical denials and appeals processes; and processes and policies for underpayment services, denials management, payer meeting liaison services, patient payment collection, bad debt evaluation and collection and root cause analysis, in collaboration with executive leadership.
This document represents the major duties, responsibilities, and authorities of this job, and is not intended to be a complete list of all tasks and functions. Other duties may be assigned
What You Will Need
Master's Level Degree required
Knowledge, Skills and Abilities:
Partner and interact with operational and strategic leaders
Will have strong operational finance experience
Experience successfully managing a Hospital operating budget
Manage special projects and initiatives
Interprets financial statements, improvements needed and why
Business and capital planning and development
Manage joint ventures
Develop growth and service line plans
Develop population management strategies
Develop market intelligence including payer and employer trends
Strategize and manage physician relations, contracts and compensation
More productivity/cost analysis
More quality and clinical integration
Serve as “connector” role for various shared services
Experienced in guiding Clinicians to understand their part in finance
More community and board engagement
Build associate talent
Develop and cultivate new payer strategies
Provide better projections, budgets and ISOFPs
Demonstrates Financial Acumen
Makes Effective Decisions
Displays strategic influence
Leads organizational change
Financial communication, consultation and collaboration
Understands cause and effect of operational changes
Understands volumes and rates
Understands the healthcare industry and business model
Critical thinking, analysis and presentation of data
Equal Employment Opportunity
AMITA Health will provide equal employment opportunities (EEO) to all associates and applicants for employment regardless of race, color, religion, national origin, gender, sexual orientation, gender identification or expression, age, disability, marital status, amnesty, genetic information, carrier status or any other legally protected status or status as a covered veteran in accordance with applicable federal, state and local laws.