Financial Services Director

2 days ago


Knoxville, Tennessee, United States Covenant Health (Tennessee) Full time
Job Title: VP Financial Services

Covenant Health (Tennessee) is seeking a highly skilled and experienced VP Financial Services to join our team.

Job Summary:

The VP Financial Services will be responsible for planning, organizing, and directing the strategic planning and fiscal resources of Covenant Medical Group. This includes direct supervision of General Accounting, Cost Accounting, Accounts Payable, Budgeting, and Reimbursement.

Key Responsibilities:
  • Manage all financial resources and ensure effective use of funds.
  • Manage human resources and achievement of strategic objectives for the Financial Services Division.
  • Cooperate with medical staff and other system members to promote high-quality service to patients.
  • Facilitate a process of effectively providing for capital needs.
  • Prepare and effect timely filling of federal, state, third-party, and other financial reports as required.
  • Stay abreast of economic changes and new trends in healthcare and assess their potential impact on operations.
  • Lead the organization by visualizing the future and guiding us there financially.
  • Provide budget planning guidelines and present budget and performance goals to the corporate office.
  • Coordinate with Risk Management to provide for current and adequate insurance protection to protect organizations from liability and other losses.
  • Supervise investigation and analysis of costs, charges, rates, etc., and make appropriate recommendations to permit income to support organizational activities.
  • Establish and maintain accounting systems to meet organizational needs and periodically provide complete and accurate reports of assets, liability, and financial transactions.
  • Evaluate the information systems needs to support financial services and coordinate and assist in new applications development.
  • Review and analyze monthly financial statements and operating reports with the President & CAO and Vice Presidents and make recommendations concerning methods of cost containment and revenue enhancement.
  • Coordinate financial services functions with other hospital departments and other affiliated companies and act as a resource for other departments in matters of record keeping and financial information processing.
Requirements:
  • Masters degree in Business Administration/Accounting or CPA.
  • Seven (7) years experience, with experience in a large, multi-entity hospital setting preferred.


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