Market Controller

4 weeks ago

Indianapolis, United States Kindred Hospital Indianapolis Full time

Market Controller

Indianapolis, Indiana Facility Kindred Hospital Indianapolis
Req ID 525697 Post Date 10/29/2024 Category Accounting and Finance
Description

Job Summary :

Assists the in the management of the fiscal services department, including the development, interpretation, coordination, and administration of the hospital’s policies on finance, accounting, insurance, financial/accounting systems, internal controls, and auditing in market hospitals. Maintains departmental reports and records and collects statistical data for administrative and regulatory purposes. Coordinates the functions of reimbursements, budget, patient accounting, medical records, admissions, and general accounting, which includes general ledger accounting, accounts payable, and cashiering. Prepares report outlining hospital’s financial position in all areas of assets, liabilities, income and expense, based on past, present, and planned future operations.

Essential Functions

A: Leadership

 Participates in planning and creating the hospital’s strategic, operational, service design and other organizational plans and policies to achieve the mission and vision of the market hospitals.

 Assists the CFO to plan and develop departmental budgets, revenue, capital and operational expenses, enough staff, and any other plans for allocation of fiscal or other resources according to the scope of services provided.

 Develops, designs, and provides for a written scope of services, departmental policies and procedures that guide and support the provision and integration of services according to mission and vision of the hospital.

 Directs the coordination and integration of departmental services with other departments and the hospital's primary functions.

 Communicates the hospital’s mission, vision, and plans with staff that guide them in their day-to-day activities. Promotes and motivates staff members to implement department and hospital operational, programmatic, and other plans.

 Recommends and determines enough staff to provide services and defines qualifications, performance expectations and competence of each person.

 Provides orientation, in-service training, continuing education, annual performance, and competency reviews of department personnel to ensure staff is competent to provide services. 

 Participates in hospital and departmental performance improvement activities to measure and assess the quality of services provided.  Ensures accuracy and completeness of the market hospital’s financial statements.

 Coordinates all financial activities for the market hospitals and manages multiple subordinate department managers who supervise staff members in multiple departments that may include, but is not limited to: Admitting, Business Office, Accounting, Medical Records and Materials Management.

 Participates in the hospital’s long-term and short-term financial processes. 

 Adheres to all financial policies and procedures as established by the Corporation through its Board of Directors.

 Participates in the development of accounting, admission, credit/collection and internal control policies and systems and addresses related policy/system issues.

 Provides advice and guidance and assists as necessary in preparing and analyzing financial reports/statements in conformance with standard accounting practices and guidelines and executes appropriate responsive actions.

 Participates in the development of an annual budget for the market hospitals and monitors the performance of all departments and services in conformance with the budget.

 Assists in evaluating the adequacy of the hospital’s insurance coverage and in handling special/sensitive cases or problems and providing advice and guidance as necessary in preparing and analyzing risk management and insurance reports and appropriate executive responsive actions.

 Evaluates data processing needs on an ongoing basis and recommends programs to changing needs. 

 Participates in the analysis of the financial implications of proposed capital projects and expenditures and recommends the execution of appropriate measures to respond to projected economic trends and/or regulatory changes. 

 Reviews contracts and makes recommendations regarding the viability of the contracted service, the cost of the program/service and general conditions of the contract.

 Provides advice and assistance to department heads and managers in analyzing and interpreting financial data and reports and in presenting that information to their departments and/or physician groups.

 Ensures that accurate information is provided on a timely basis and assists, as needed, in facilitating the efficient conduct of external audits, examinations and related financial projects. 

 May assume the administrative responsibilities of the CEO in his/her absence.

Knowledge/Skills/Abilities/Expectations: 

 Excellent oral and written communication and interpersonal skills.

 Basic computer skills with working knowledge of Microsoft Office applications, Patient Accounting systems and General Ledger systems. 

 Must have thorough knowledge of accounting, finance, reimbursement, budgeting, credit and collection as relates to healthcare.

 Ability to spend a limited amount of time on travel required. 


Qualifications

Education:

 Bachelor’s degree in accounting or finance. An equivalent combination of education, training, and experience may substitute for education requirements.

Licenses/Certification :

 Licensed Certified Public Accountant preferred.

Experience:

 Minimum 3 years’ prior management experience in a hospital or healthcare setting.

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