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Chief Financial Officer

3 months ago

Wyomissing, United States USPI Full time

Job Summary:

The Chief Financial Officer (CFO) directs the finance and accounting functions for all Surgical Institute of Reading (SIR) locations. The CFO is integral and vital to the success of the organization and must possess strong problem-solving, critical thinking and analytical skills.The CFO serves as the Ethics and Compliance Officer for the organization and must possess an in-depth understanding of regulatory and accounting standards and principles and uphold the integrity of financial and compliance reporting. The CFO must have the ability to analyze and interpret statistics and other data to meet the high standards of SIR. This position will oversee various hospital departments in support of the hospital’s mission, vision, and values.The CFO will identify cost-effective systems needed to support the organization taking into account business trends and resource availability. The CFO will work collaboratively with other managers in meeting facility goals.


Required Skills:

Essential Job Duties and Responsibilities:

The following description of the job responsibilities and performance expectations are intended to reflect the primary responsibilities of the job, but are not intended to describe all duties and other responsibilities as may be assigned from time to time.

Financial Planning, Reporting and Budgeting

Recommends appropriate strategies in response to economic trends and regulatory changes.

Participates in the facility’s long-term and short-term financial planning.

Analyzes financial statements, including a review to detect errors and misstatements.

Provides guidance and support in preparing and analyzing financial reports.

Prepares annual hospital operating and capital budgets.

Reports financial and operational indicators and results to physicians and staff.

Creates financial reports for Governing Board, Medical Executive Committee and department managers.

Performs financial forecasting.

Coordinates preparation for external and internal audits.

Performs other duties as requested by the Chief Executive Officer or RVP.

Medicare Cost Report

Manages the data request for the annual cost report.

Works with the external accounting firm to complete the cost report.

Capital Management

Reviews and negotiates sources of financing for capital equipment and expansion projects.

Tracks capital and expansion projects to ensure financing deadlines and budget are met.

Cash Management

Directs and advises the Governing Board in executing cash management and flor decisions.

Coordinates and controls the facility’s cash and investment management activities.

Analysis Activities

Performs bad debt analysis and implements containment processes.

Reviews case costs versus reimbursement.

Analyzes potential impact of changes in payer and case mix.

Oversees all financial impact of procedures and/or supply expense.

Reviews and interprets audit findings and trends.

Analyzes staffing trends and manages productivity system.

Analyzes and projects case volume trends.

Oversees the contract management system.

Compliance

Directs the implementation of accounting, credit/collection and internal audit controls.

Directs fraud prevention and detection activities.

Enforces compliance with internal and external controls and policies.

Ensures continuous preparation for internal and external audits, including state and Medicare audits


Required Experience:

Qualifications:

·Bachelor’s degree in Accounting required

·Master’s degree in Business Administration (MBA), Accounting or HealthCare Administration, preferred

·Certified Public Accountant (CPA), preferred

·Minimum of 5 years’ experience in a top financial administrative or management position in the health field preferred.