Chief Financial Officer

2 weeks ago

Altoona, United States OakLeaf Surgical Hospital Full time
Job Summary:

The Chief Financial Officer is responsible for the financial strategy, sustainability, and growth of OakLeaf Surgical Hospital. As a key member of the executive leadership team, the CFO is responsible for ensuring the financial health and stability of the organization while maintaining the highest standards of patient care. This position has operational responsibility for the Accounting, Health Information Management, Admissions, Revenue Cycle, and Supply Chain departments.

Location: OakLeaf Surgical Hospital - Altoona, WI (non-remote)

Essential Job Functions

Strategic Functions
  • Develop, implement, and continually refine financial strategies in alignment with the organizational goals and objectives.
  • Collaborate with the executive team to align financial objectives with the hospital's mission and patient care goals.
  • Provide accurate financial forecasts to support strategic decision-making and resource allocation.
  • Provide recommendations to the CEO and Board of Directors to support informed financial decision making.
Operational Functions:
  • Oversee all financial functions including accounting, budgeting, forecasting, and financial reporting.
  • Prepare, analyze, and present timely and accurate financial reports including income statements, balance sheets and cash flow statements.
  • Create and manage the hospital's annual budget, including revenue projections, expense controls, and capital allocation.
  • Provide feedback on the financial or statistical results of operations suggestions for improvement.
  • Monitor budget performance, identify variances, and implement corrective actions when necessary.
  • Monitor and manage cash flow, investments, treasury, and financial risks.
  • Manage compliance with financial regulations and reporting standards.
  • Optimize the capital structure of the company to support growth and minimize costs of capital.
  • Identify opportunities for cost control and process improvement in various departments across the facility.
  • Monitor and manage operating expenses to maintain financial sustainability.
  • Provide insights and recommendations to executive leadership based on financial analysis and key performance indicators (KPIs).
  • Evaluate and prioritize capital investment projects, including surgical equipment upgrades, facility expansion, and technology enhancements to support growth and excellence in patient care.
  • Participates in internal and external audits.
  • Oversee revenue cycle, including billing and collections to maximize revenue while ensuring compliance with healthcare regulations.
  • Oversee the overall purchasing and materials management for the hospital.
  • Oversee health information management, including coding, medical records, transcription and admissions.
  • Work collaboratively with all departments and members of leadership at Surgical Partners.
Leadership Functions:
  • Direct, administer and manage the operations of assigned departments.
  • Manage workflow, establish priorities, and delegate job duties and responsibilities of direct reports.
  • Monitor direct reports adherence to Hospital protocols and procedures.
  • Provide performance management directive including annual evaluations, coaching, development, and corrective action to direct reports.
  • Engage in staff development through education and training.
  • Ensure direct reports have adequate equipment and resources to carry out high quality patient care.
  • Perform as administrator on-call every fifth week.
  • Attend meetings during and outside of normal business hours as needed.
  • Other duties assigned.
Knowledge Skills and Abilities:
  • Knowledge of financial principles, including financial analysis, budgeting, forecasting and financial reporting.
  • Knowledge of relevant financial regulations and compliance requirements.
  • Knowledge of financial risk assessment and management, including experience with insurance, hedging and other risk mitigation strategies.
  • Knowledge of healthcare industry-specific trends and challenges.
  • Strong analytical skills to interpret financial data, identify trends, and make data-driven decisions.
  • Ability to take control of situations and dictate subordinate activities in a responsible manner.
  • Ability to instruct and train in policies and procedures.
  • Ability to prepare performance evaluations and make recommendations regarding unsatisfactory employees.
  • Ability to assign work, add or delete, plan work and establish priorities.
  • Ability to comprehend, retain and apply the requirements of any governmental or regulatory body.
  • Ability to build consensus and commitment among various stakeholders.
  • Ability to understand and address complex issues in the critical areas of healthcare, including but not limited to regulatory/legislative changes and physician partnerships.
  • Ability to maintain high ethical standards, integrity, and professionalism consistent with OakLeaf's Customer Service Standards
  • Ability to relate and work effectively with others.
Equipment Knowledge Required:
  • Ability to operate various types of equipment - standard office equipment, computers, and intermediate knowledge of Microsoft Office and other programs as assigned.
  • Ability to use Electronic Medical Record system.
  • Other equipment could be required.
Reasoning Ability:
  • Ability to define problems and deal with a variety of situations.
  • Ability to think strategically and analytically.
  • Ability to make decisions independently with strong decision-making capability.
  • Ability to think quickly, maintain self-control, and adapt to stressful situations.
  • Ability to use a fact-based approach to assessing and designing solutions.
Language Skills:
  • Ability to exhibit excellent communication, presentation, and listening skills.
  • Ability to communicate effectively with other members of the staff, physicians, patients, and corporate partner.
  • Ability to exhibit strong communication, presentation and listening skills to ensure facility-wide collaboration and coordination.
  • Ability to develop, interpret and implement local policies and procedures; general correspondence; and Federal, State, and local regulations.
  • Ability to communicate in English in both written and verbal format.
Mathematical Skills:
  • Ability to perform advanced mathematical calculations.
Qualifications:
  • Demonstrates eligibility for employment in the U.S.
  • A Master's degree in Finance or Accounting required
  • Certified Public Accountant certification required
  • Ten (10) or more years' experience in financial leadership roles within the healthcare industry required, preferably in a surgical or acute care hospital setting.
  • Demonstrated proficiency in healthcare-specific financial software and systems used for accounting, financial analysis, and reporting required.
  • Demonstrated proficiency in General Accepted Accounting Principles (GAAP) and SOX compliance required.
  • Fellow of the Healthcare Financial Management Association preferred.
Benefits:
  • Comprehensive health, dental, and vision insurance
  • Health Savings Account with an employer contribution
  • Company paid life insurance
  • Free scrubs with laundry service
  • Free meals
  • PTO
  • 401(k) retirement plan with 4% company match
  • Tuition reimbursement
  • Wellness reimbursement

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