Director of Finance

3 weeks ago

Houston, United States Altus Community Healthcare Full time

This position is responsible for planning, coordinating, managing and directing the financial performance of the company including budget preparations, financial and statistical reporting, accounts payable, billing and accounts receivable management. This individual will need a good understanding of healthcare financial management and be able to analyze and work with large data sets.

Responsibilities:

Directs all daily financial business operations and implements financial policies, accounting system and cost controls. Directs the implementation of improved work methods and procedures to ensure financial record systems are maintained in accordance with generally accepted accounting principles and in compliance with state and federal regulations. Directs the management of all accounting information systems, accounts payable, accounts receivable, general ledger, financial reporting, and billing reporting systems. Ensures maximum third party reimbursement through efficient billing and collections operations, effective accounts receivable management and a thorough understanding of cost reimbursement principles. Assists the VP of Finance in the preparation of the annual budget, monitors allocation of funds within budgetary limitations, analyzes budget variation reports for the review and approval of the board. Protects the assets of the organization through effective internal controls, internal auditing, insurance coverage, and direct supervision of financial operations. Ensures proper utilization of organization resources through control of cash disbursements and credit card expenditures through an effective accounts payable system and strong internal control policies. Reviews periodic financial statements for distribution to internal stakeholders, authorized third parties and regulatory agencies on an ongoing basis. Evaluates financial provisions of proposed contracts and agreements for provision of services to optimize financial viability of the agreements. Gathers and reports on key operating metrics through the effective utilization of information systems. Provides leadership in strategic financial planning including identifying opportunities for improved fiscal viability. Assists operations in the preparation of the annual Medicare cost report. Prepares and reports all applicable federal, state and local taxes. Prepares the financial component of the annual report on organization activity. Directs payroll practices and collaborates with other members of the management team in establishing personnel policies that assure compliance with state and federal regulations, including wages, salaries and benefit regulations. Acts as the financial liaison to the board and attends meetings as requested by the VP of Finance. Analyze data for reasonableness and integrity. Create dashboards with RCM, operations, clinical and financial reporting. Gather operational and workflow requirements to document, implement and monitor workflow processes. Ability to understand operational business processes and build technology and reports to track key performance indicators, model changes in key variables and analysis that impact on revenue. Prepare financial and statistical reports and monitor trends and variances. Recruits, selects, and orients new personnel and arranges for education, as appropriate. The company reserves the right to add or change duties at any time.

Job Qualifications

Education: Bachelor’s degree in Accounting, Finance, Mathematics, Data Science, Statistics – Masters and/or CPA Preferred Experience: 3 Years financial planning and analysis, Revenue Cycle, Reimbursement, Cost analysis in a multi-facility healthcare system (hospital, freestanding ER or healthcare related field) Experience with relational databases and knowledge of query tools and statistical software is required. Experience in hospital/physician billing for in and out-of-network facilities, and strong knowledge of Medicare preferred. Ability to manipulate large sets of data in multiple databases is required. The position will utilize Microsoft Excel and Power BI on a routine basis and will need to be an advanced user of these products. Knowledge of Netsuite, GoRev, Collaborate MD, NextGen, Centricity, Evident, a plus.

Skills

Ability to collaborate across all business functions Excellent verbal and written communication Problem solving Time management Detailed and Organizational skills Strong Analytical skills Ability to multi-task and meet deliverables timely Understanding of Medical terms and acronyms Knowledge of State, Medicare, and other external regulatory and accreditation agencies. Reasoning skills and ability to articulate logic behind decisions Advanced Microsoft Excel, Power BI Work under minimum supervision Flexible work schedule

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