Chief Financial Officer

2 months ago

Minneapolis, United States Ovation Healthcare Full time

General Summary

As a member of the Huron Regional Medical Center’s senior management team, the Chief Financial Officer (CFO) will participate in the financial and functional decision-making processes necessary for the successful attainment of the hospital's mission, in addition to maintaining an awareness of changes in healthcare matters that could have an impact on the success of the hospital. This position is accountable for planning, developing, implementing, and administering financial control, analysis, operating systems, internal control and establishing policies for the organization within defined hospital policies approved by the governing board and assuring these policies are in accordance with generally accepted accounting principles, tax regulations and existing federal and state laws.

Key Responsibilities
  • Overall financial operations of the acute-care (CAH) facility including accounting, budgetary, audits, tax, and other financial planning activities within the hospital organization.
  • Working with hospital directors and employees to develop and implement policies and procedures, short- and long-range goals, objectives, and efficiencies.
  • Providing financial leadership to hospital managers, directors and officers that will enroll support, create ownership of goals, and encourage active participation in decisions that impact the hospital.
  • Ensuring the hospital meets necessary financial regulatory and compliance requirements.
  • Contributing financial expertise in the planning of new services that generate additional sources of profitable revenue.
  • Managing costs by continually seeking data that will identify opportunities and take action to eliminate non-value costs in conjunction with the hospital's Administrative Management Team.
  • Analyzing areas in planning, promoting, and conducting organization-wide performance improvement activities.
  • Attend hospital meetings including but not limited to medical staff, board of directors and committee meetings as well as representing the hospital at relevant community meetings as needed.
  • Participating in the hospital's monthly operation reviews as well as participating in corporate office meetings as deemed necessary.
  • At the board’s direction, prepares financial pro forma information on capital projects. Ensures access to external debt markets or identifies other capital financial strategies appropriate to the circumstances.
  • Per governing board policy, invests excess short/long term cash and/or investment portfolios to maximize the return on investment while maintaining the safety of the investments.
  • In conjunction with CEO, ensures physician/provider contracts are current and meet current regulations such as Stark, Anti-Kickback, etc.
  • Other duties as required.
Minimum Requirements
  • Previous CFO level or equivalent experience within an acute care (CAH) environment required.
  • Previous experience with a proprietary healthcare system preferred, but not required.
  • Minimum 5 years financial/accounting progressive managerial experience in acute-care (CAH) environment with skills including business acumen, strategic planning, decision making in view of financial priorities and internal and external conditions.
  • Highly developed leadership, interpersonal, written and verbal communication skills.
  • CPA/MBA preferred.
  • Graduate degree in a minimum 4 year degree program in Business, Finance or Accounting.
Skills and Abilities
  • Ability to establish and maintain effective working relationships with hospital staff and community.
  • Demonstrated ability to cope with and manage change, maintain relationships with emotional maturity and self-motivation.
  • Experience to include strategic oversight with an emphasis on financial reporting analysis and cash flow management.
  • Revenue cycle knowledge and problem-solving skills.
  • Public relations abilities.
  • Excellent verbal and listening skills.
  • Ability to maintain confidential information concerning personal, financial or medical matters.
Job Type

Full-time

Benefits
  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Health savings account
  • Life insurance
  • Paid time off
  • Relocation assistance
  • Vision insurance
Schedule
  • 8 hour shift
  • Monday to Friday
Application Questions
  • Are you willing to relocate to Huron, South Dakota? (This is a requirement for the position)
  • How many years of previous CFO level or equivalent experience within an acute care (CAH) environment do you have?
  • What is your desired salary range?
Work Location

In person

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