Description:
Job Summary:
Reporting to the Chief Executive Officer, the CFO is responsible for the overall financial management and strategy of the hospital, including budgeting, forecasting, managing financial risk, and developing long-term financial plans. The CFO will carry out their duties by adhering to the highest standards of ethical and moral conduct and act in the best interest of WNH at all times. (S)he must embody the mission, vision and values of WNH as well as commit to the Standards of Performance. Participates in performance improvement and continuous Quality Improvement (QI) activities. Ensures compliance with federal, state and local laws and regulations.
Position collaborates with Senior Leadership to help determine the necessary strategies to meet WNH needs. Additionally, position has direct oversite of the following departments: Finance & Accounting, Health Information Management, Business Office, Credit & Collections, Registration & Scheduling, Clinic Billing, and Foundation. Department oversight may adjust due to organization needs.
William Newton Hospital’s Standards of Behavior allow a mechanism for holding each employee accountable and encourages us to "raise the bar".
Standards of Behavior
All employees are expected to familiarize themselves with the Standards and practice them daily.
i - Integrity
We act with unwavering moral principle,
transparency, and sincerity in every
interaction.
P - Patient-Centered
We meet patients where they are, ensuring
the are active participants in their care
journey. We prioritize the patient's physical
and emotional well-being over all else.
A - Accountability
We own our actions. We set clear
expectations and hold all team members to
the same high standards.
C - Compassion
We treat every patient, family member, and
colleague with kindness, empathy, and
dignity.
E - Excellence
We approach every task, large or small, with
enthusiasm. We continually pursue mastery
and best practices in our field.
Job Duties & Responsibilities:
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Serves as financial council to Senior Leadership and Board of Trustees.
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Administers the general accounting, patient business services, including third-party reimbursement, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures.
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Participates as a member of senior leadership and assists in the development of hospital objectives, philosophy and strategic planning in relation to financial operations of the organization.
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Develops long and short-range operational and capital budgets, which are supported by the hospitals long and short-range plans and objectives.
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Directs and assists in the development of all departmental budgets and ensures that departments operate within budget.
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Monitors, interprets and analyzes hospital financial performance in realizing established plans and objectives of the hospital.
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Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
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Directs the preparation of internal financial reports including work papers for annual financial audit, Medicare cost report, Medicaid DSH survey and IRS Form 990.
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Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the hospital.
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Assumes the lead role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.
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Responsible for direction and submission on a timely basis of all financial data associated reports required by government and other regulated agencies.
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Oversees day to day operations of assigned departments and projects at the facility level.
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Facilitates decision making within departments alongside department director.
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Monitors quality of the department’s core processes. Directs the interdependence of processes both within and external to the department.
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Coordinates the development of goals, objectives, and action plans to achieve leadership education and development.
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Collaborates with senior leadership to ensure that resources are prioritized, in place, and properly utilized to achieve WNH objectives through the most effective and efficient operations.
- Expresses excellent judgement, discretion and decision-making abilities.
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Attends facility meetings, prepares reports – analyzes and provides recommendations in a timely and accurate manner.
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Responsible for performance improvement activities in the departments.
- Executes other duties as assigned by the Chief Executive Officer.
Requirements:
Professional Requirements:
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Meets dress code standards; appearance is neat and clean.
- Completes annual educational requirements.
- Maintains regulatory requirements, including all state, federal and CMS regulations.
- Wears identification while on duty, uses computerized punch time system correctly.
- Maintains and ensures employee confidentiality at all times.
- Performs employee annual evaluations. Completes and returns in a timely fashion.
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Reports to work on time and as scheduled, completes work within designated time.
- Communicates and models the mission, vision, core values, ethics and goals of the facility.
- Works at maintaining a good rapport and a cooperative working relationship with physicians, departments, staff, vendors, etc,
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Represents the organization in a positive and professional manner, in and out of the work.
- Attends hospital administrative meetings, including the monthly Board of Trustees meeting. Attends all other necessary meetings including departmental, Quality and management meetings, as appropriate. Actively oversees and assists department directors with Quality initiatives.
- Ensures compliance with policies and procedures regarding department operations, fire, safety and infection control.
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Effectively and consistently communicates administrative directive to department directors and encourages interactive departmental meetings and discussion.
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Complies with all organizational policies regarding ethical business practices.
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Assists department directors in resolving personnel concerns at the departmental level, utilizing the Grievance process as required.
Education & Experience Requirements:
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Bachelor of Business Administration, Accounting, or Finance required.
- CPA or Master’s Degree preferred.
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Minimum of 5 years of accounting and financial management experience required
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3+ years of progressive healthcare financial management experience preferred.
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Prior experience and understanding of Critical Access Hospital (CAH) is preferred.
Language Skills:
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Ability to read and communicate effectively and professionally in English. Both verbally and in writing.
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Excellent presentation skills.
Skills:
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Working knowledge of current accounting principles, processes, documentation requirements, related laws and best practices.
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Advanced analytical, problem solving, organizational, and decision-making skills..
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Advanced computer knowledge including Microsoft Office Suite. Experience with Evident/CPSI is preferred.
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Department budget management.
Benefits
Your benefits will include:
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Paid Time Off (PTO)
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Earned Illness Benefit (EIB)
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Health Insurance
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Dental Insurance (Delta Dental)
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Vision (VSP)
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KPERS State Retirement
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Employee Discounts
Working Conditions:
Works inside. May be exposed to infectious and contagious diseases, exposed to hazardous cleaning agents, body fluids and waste, occasional exposure to an unpleasant patient or unit elements. Exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently. These are baseline requirements for adequate performance of this job. Employees may be required to exceed these levels. Job duties are based on an average 8-hour shift.
