Regional Financial Director

1 day ago

Kingsport, Tennessee, United States Ballad Health Full time
Job Summary

The Regional CFO shall plan, direct, and monitor the activities of assigned facilities and services to ensure the promotion of Ballad's Mission, Vision, and Values. As a member of the Administrative Staff, the CFO participates in formulating long-term strategic and business plans to ensure the continued viability of their market.

Key Responsibilities
  • Provide financial leadership to the staff of the facilities and services in their market.
  • Direct and monitor all reporting directors/managers in the developing and implementation of long- and short-term departmental plans which support Ballad's Mission, Vision, and Values.
  • Evaluate the work performance of all reporting directors and managers.
  • Ensure that Ballad's policies are consistently observed and direct the development and implementation of appropriate departmental policies and procedures for reporting departments.
  • Accountable for compliance with all pertinent The Joint Commission standards, and local, state, and federal regulations by reporting departments.
  • Actively participate in the organization's performance improvement, organizational improvement, and re-engineering programs, and cooperate with interdepartmental projects to improve quality of service and reduce costs.
  • Practice fiscal responsibility by holding reporting directors and managers accountable for developing realistic annual operating and capital budgets, conserving resources, and monitoring expenditures to ensure they remain within budgeted parameters.
  • Establish and adhere to productivity measures for every department and focus on productivity daily.
  • Drive initiatives to eliminate waste in the system and review operations from a market perspective to identify opportunities for improvement.
  • Articulate the impact of decisions on the operating margin of the facilities impacted.
  • Assist in establishing long- and short-term targets for operating EBITDA margins and work closely with hospital leadership to develop a plan to achieve this.
  • Review pro-formas related to threshold capital projects and new services lines prior to submittal to senior management.
  • Promote Lean, Six Sigma, and PDCA concepts and practice to improve operations.
  • Review month end financials and provide feedback as appropriate prior to close.
  • Review facility budgets, five-year plans, etc. prior to senior management review.
  • Act as a facilitator and resource with various corporate functions and challenge corporate allocations for appropriateness.
  • Seek ways to condense the month end close schedule and budget cycles so that adequate time is available for review.
  • Attend facility finance and board committees as necessary.
  • Attend regular reviews of hospital supported clinics to pursue maximum performance at the facility and practice level.
  • Ensure the adequacy of system tools to measure financial performance in all areas.
  • Require reporting directors and managers to regularly inspect the facilities and equipment in their areas to ensure performance of maintenance and repairs necessary for optimum operating conditions.
  • Assist all departments to maintain the skilled and qualified staff necessary to provide quality service, and monitor the performance of managers to ensure that ongoing educational opportunities, including attendance at programs, are provided and that all employees are treated with dignity, fairness, and consistency, within the guidelines set forth in Ballad Health's Human Resources Policies and Procedures.
  • Maintain harmonious interactions between departmental personnel and their customers, including patients, family members, visitors, physicians, clergy, other hospital employees, and the public.
  • Set an example for all employees of commitment and loyalty to Ballad Health by openly supporting and participating in organizational projects and events.
  • Lend technical assistance and act in a consultant role to network health care providers.
  • Maintain professional expertise and further develop leadership skills through ongoing education.
  • Serve as the administrator on call on a rotating basis; this involves 24-hour/7-day availability during the on-call period.
Requirements
  • Master's degree in a management discipline required. Bachelors degree with additional 5 years of financial leadership experience may be accepted in lieu of Masters Degree.
  • Minimum seven years of progressively responsible supervisory/management experience, at least five years of which should be at a Department Director level in a health care environment.
  • Well-developed interpersonal and communication skills are essential.

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