Job Summary: Reporting to the Chief Executive Officer, the CFO is responsible for the overall financial management and strategy of the hospital, including budgeting, forecasting, managing financial risk, and developing long-term financial plans. The CFO will carry out their duties by adhering to the highest standards of ethical and moral conduct and act in the best interest of WNH at all times. (S)he must embody the mission, vision and values of WNH as well as commit to the Standards of Performance. Participates in performance improvement and continuous Quality Improvement (QI) activities. Ensures compliance with federal, state and local laws and regulations.
Position collaborates with Senior Leadership to help determine the necessary strategies to meet WNH needs. Additionally, position has direct oversite of the following departments: Finance & Accounting, Health Information Management, Business Office, Credit & Collections, Registration & Scheduling, Clinic Billing, and Foundation. Department oversight may adjust due to organization needs.
Job Duties & Responsibilities:
- Serves as financial council to Senior Leadership and Board of Trustees.
- Administers the general accounting, patient business services, including third-party reimbursement, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures.
- Participates as a member of senior leadership and assists in the development of hospital objectives, philosophy and strategic planning in relation to financial operations of the organization.
- Develops long and short-range operational and capital budgets, which are supported by the hospitals long and short-range plans and objectives.
- Directs and assists in the development of all departmental budgets and ensures that departments operate within budget.
- Monitors, interprets and analyzes hospital financial performance in realizing established plans and objectives of the hospital.
- Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
- Directs the preparation of internal financial reports including work papers for annual financial audit, Medicare cost report, Medicaid DSH survey and IRS Form 990.
- Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the hospital.
- Assumes the lead role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.
- Responsible for direction and submission on a timely basis of all financial data associated reports required by government and other regulated agencies.
- Oversees day to day operations of assigned departments and projects at the facility level.
- Facilitates decision making within departments alongside department director.
- Monitors quality of the department’s core processes. Directs the interdependence of processes both within and external to the department.
- Coordinates the development of goals, objectives, and action plans to achieve leadership education and development.
- Collaborates with senior leadership to ensure that resources are prioritized, in place, and properly utilized to achieve WNH objectives through the most effective and efficient operations.
- Expresses excellent judgement, discretion and decision-making abilities.
- Attends facility meetings, prepares reports – analyzes and provides recommendations in a timely and accurate manner.
- Responsible for performance improvement activities in the departments.
- Executes other duties as assigned by the Chief Executive Officer.
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