Chief Financial Officer
2 days ago
Steward Health Care is seeking a highly skilled and experienced Chief Financial Officer to lead our financial operations and drive business growth.
Key Responsibilities:- Establish and monitor annual operating budgets in accordance with sound budgeting principles and corporate guidelines.
- 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 Steward'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 Steward.
- Direct the development and implementation of new systems, policies, and procedures as required.
- Assist in developing 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 Steward is carried out in an ethical, responsible manner.
- Analyze daily operating results to ensure that revenues, expenses, and labor are within budgeted objectives, advise department heads and administration of needed 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 established by the Steward President.
- Keep current of government regulatory requirements and rapidly changing reimbursement environment in order to develop and implement changes to policies and procedures as needed.
- Manage Steward's financial resources.
- Through subordinates, supervise and coordinate the functions of reimbursement, budget, patient accounting, and general accounting, which include general ledger accounting, accounts payable, and cashiering.
- Participate in development of department objectives and organization structure.
- Organize work of department, allocate and schedule work to be performed, and recommend positions and staffing required.
- Participate in development of department 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 department and insure compliance within.
- Provide for organization and maintenance of an effective system of accounting and cost determination.
- Continually review and modify costs systems and data collection to assure maximum cost reimbursement for patient services.
- Prepare periodic reports outlining Steward'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 board director on their impact.
- Recommend budget-planning guidelines to board director, coordinate preparation of current operating and capital budgets with Administrator for Steward.
- In conjunction with Administrator of Steward-wide budgets to director for review and board approval.
- Provide for current and adequate insurance protection to protect Steward from liability and other losses.
- Supervise investigation, analysis, and present recommendations with respect to costs, charges, rates, etc. to permit income to support Steward'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 Steward auditing firm representatives.
- Audit financial basis for any Steward activity.
- 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 Steward 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.
- BS Degree in finance, accounting, or equivalent.
- CPA and/or MBA is preferred.
- Five or more years of progressively responsible finance experience.
- Excellent management and communication skills.
Steward Health Care is a minority, physician-owned organization that is proud to be a leader in the healthcare industry. We are committed to providing high-quality care to our patients and communities.
We do not discriminate on the grounds of race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, and/or expression, or any other non-job-related characteristic.
We are an equal opportunity employer and welcome applications from diverse candidates.
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