Chief Financial Officer

4 weeks ago

Key West, Florida, United States Glenwood Regional Medical Center Full time
Job Title: Chief Financial Officer

At Glenwood Regional Medical Center, we are seeking a highly skilled and experienced Chief Financial Officer to join our team. The successful candidate will be responsible for ensuring the financial viability of our organization by establishing and monitoring financial plans and budgets.

Key Responsibilities:

  • Establish and monitor the annual operating budget in accordance with sound budgeting principles and corporate guidelines.
  • Interface with Human Resources and other departments in preparation of manpower plans, salary and benefit proposals.
  • Supervise and develop managers in areas such as patient accounting, data processing, credit/collection, general accounting, purchasing, PBX and admitting.
  • Direct subordinates in developing and implementing systems and procedures for effective and accurate record keeping.
  • Evaluate Glenwood's overall financial position and prepare periodic financial and operating reports.
  • Coordinate with other senior members of management in developing major financial plans including capital expenditure programs.
  • Review and evaluate the effectiveness of all financial and accounting systems at Glenwood.
  • Direct the development and implementation of new systems, policies and procedures as required.
  • Assist in the development of new business by analyzing the feasibility of new ventures including managed care contracts and advise management of the financial prospects.
  • Attend promptly to the administrative details of the position including the signing of documents, preparation of reports, completion of performance appraisals and other employee-related actions.
  • Ensure that the financial operation of Glenwood is carried out in an ethical, responsible manner.
  • Analyze daily operating results to ensure that revenues, expenses and labor are within budgeted objectives, advises department heads and administration of the changes, improvements, etc.
  • Establish and maintain sound financial controls and record keeping with as few employees as possible.
  • Approve financial expenditures up to the level as established by the Glenwood CEO.
  • Keep current of government regulatory requirements and the rapidly changing reimbursement environment in order to develop and implement changes to policies and procedures as needed.
  • Manage Glenwood's financial resources. Will supervise and coordinate the functions of reimbursement, budget, patient accounting, and general accounting, which include general ledger accounting, accounts payable and cashiering through subordinates.
  • Participate in the development of department objectives and organization structure.
  • Organize the work of the department. Allocate and schedule the work, and recommend positions and staffing required.
  • Participate in the development of the department's operating budget and ensure that operations are maintained within allocated funds. Establish and maintain appropriate records and reports.
  • Develop and implement policies and procedures for the department and insure compliance.
  • Provide for organization and maintenance of an effective system of accounting and cost determination. Continually review and modify cost systems and data collection to assure maximum cost reimbursement for patient services.
  • Prepare periodic reports outlining Glenwood's financial position in all areas of assets, liabilities, income, and expense based on past, present and planned future operations. Prepare and effect timely filing of federal, state, third party, and other financial reports as required. Stay current with national and local economic conditions and serve as advisor to the board of directors on their impact. Recommend budget-planning guidelines to board director, coordinate preparation of current operating and capital budgets with the CEO. In conjunction with Administrator of Glenwood-wide budgets to director for review and board approval.
  • Provide for current and adequate insurance protection to protect Glenwood from liability and other losses.
  • Supervise investigation, analysis, and present recommendations with respect to costs, charges, rates, etc. to permit income to support Glenwood's activities. Prepare revisions to rate structure. Participate in cost impact of personnel policies and programs such as employee benefit additions or changes, general salary increase, etc. Perform costs studies involving third parties such as Blue Cross, and local, state, and federal agencies. Participate in costs studies with auditing firm representatives. Participate in activities with third parties to expedite payment of long overdue accounts.
  • Direct and supervise department staff through subordinate managers, including review/approval of recommended personnel actions.
  • Implement and maintain established Glenwood policies and procedures, objectives, quality assurance, safety, environmental and infection control.
  • Direct (through subordinate supervisors) care and maintenance of department facilities, equipment and supplies.
  • Attend required meetings and participate on committees as required/requested.
  • Participate in professional activities; maintain professional affiliations to keep abreast of current trends/changes and legislation in the field.
  • Perform other duties as required/directed.

Requirements:

  • BS Degree in finance, accounting or equivalent. CPA and/or MBA are preferred.
  • Five or more years of progressively responsible finance experience. Excellent management and communication skills.

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