Job Description
At ScionHealth , we empower our caregivers to do what they do best. We value every voice by caring deeply for every patient and each other. We show courage by running toward the challenge and we lean into new ideas by embracing curiosity and question asking. Together, we create our culture by living our values in our day-to-day interactions with our patients and teammates.
Job Summary
- The Hospital Chief Financial Officer provides leadership and direction to financial and support departments, ensuring the overall fiscal responsibility of the hospital.
Essential Functions
- Financial Administration: Oversee general accounting, patient business services (including third-party reimbursement), and financial and statistical reporting in accordance with established policies and procedures.
- Data Processing and Systems: Provide direction in data processing, distributed systems, materials management, and medical records functions.
- Training and Performance Monitoring: Train subordinates in relevant areas and monitor their performance to ensure fiscal responsibilities are met.
- Operational Planning: Assist the CEO in developing long- and short-range hospital operations plans, including service demand analyses, resource availability analyses, and cost-benefit analyses of proposed capital and staff expansions.
- Budget Development: Create long- and short-range operational and capital budgets supported by the hospital's plans and objectives.
- Financial Analysis: Prepare cash flow analyses and budget variance analyses, recommend budget modifications, and assist managers in developing departmental budgets.
- Performance Monitoring: Monitor, interpret, and analyze hospital financial performance to achieve established plans and objectives, identifying and reporting undesirable trends and potential business opportunities.
- Internal Financial Reporting: Direct the preparation of internal financial reports, including work papers for annual financial audits, ensuring timely and accurate preparation that reliably reflects the hospital's financial position.
- Cost Reduction and Revenue Enhancement: Lead efforts to analyze and explore means of reducing hospital operating costs and increasing revenues, based on knowledge of market trends, financial reports, and operating procedures.
- Regulatory Compliance: Ensure timely and accurate submission of all financial data and associated reports required by government and other regulatory agencies, including payroll tax reports, public disclosure reports, and third-party payer cost reports.
Knowledge/Skills/Abilities/Expectations
- Leadership: Must be a strong, hands-on, and approachable leader who values teamwork and has an outgoing and friendly personality.
- Motivation and Inspiration: Ability to motivate and inspire staff to achieve optimal results while maintaining high employee satisfaction.
- These qualifications ensure that the candidate has the necessary educational background, relevant experience, and essential skills to effectively lead financial operations at ScionHealth and contribute to the organization’s mission of providing exceptional patient care and health outcomes.
Qualifications Education
- Bachelor’s Degree in Accounting or Finance Required
- Knowledge of generally accepted accounting principles (GAAP) and strong verbal, interpersonal, and quantitative skills developed through completion of this degree.
- CPA or Master's Degree Strongly Preferred
Licenses/Certifications
Experience
- CFO-Level, Controller or VP/Director of Finance Experience: A minimum of 3 years working as a CFO, Controller or VP/Director of Finance in an acute-care hospital or in a hospital system required.
- Management Experience: At least 3 years of progressive management experience in a healthcare organization is preferred.
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