Hospital CFO

Responsibilities

• Analyze and explore means of reducing operating costs and increasing revenues based on market trends, financial reports, and operating procedures.
• Direct the preparation of internal financial reports, ensuring they accurately reflect the financial position of the hospital.
• Timely submission of all financial data required by government and other regulated agencies.
• Identify and report undesirable trends and potential business opportunities, making recommendations for action.
• Aid in the development of long and short-range operations plans, including service demand analyses, resource availability analyses, and productivity and cost benefit analyses of proposed capital and staff expansions.
• Develop long and short-range operational and capital budgets aligned with the hospital's long and short-range plans and objectives.
• Prepare statistical reports, budgets, and financial reports.
• Administer the general accounting, revenue cycle, financial, and statistical reporting functions of the hospital according to established policies and procedures.
• Provide informal direction in a matrix management environment.
• Maintain performance to ensure fiscal responsibilities are fulfilled.
• Forecast the impact of business decisions on financial results.
• Monitor financial and economic information to identify trends and indicators impacting business operations, planning, investments, etc.
• Communicate financial operational performance with all stakeholders, including senior administration, appropriate facility staff members, and system finance leaders.
• Review revenue cycle issues and trends to maximize net reimbursement for the facility.
• Review contracts, purchase agreements, and other financial arrangements to ensure compatibility with business goals and expectations regarding profitability and stewardship.
• Participate in Bon Secours Mercy Health projects as assigned.

Requirements

• Bachelor’s Degree – Business, Accounting, Finance, or related field.
• 3-5 years financial leadership experience, with significant time in a healthcare setting.
• PREFERRED: MBA or Master’s Degree in Accounting, Finance, or Healthcare Administration.
• CPA certification.

Qualifications

• Proven ability to lead financial operations effectively.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Experience in healthcare financial management.
• Ability to work collaboratively with cross-functional teams.

Skills

• Financial analysis and forecasting.
• Revenue cycle management.
• Capital planning and budgeting.
• Leadership and strategic planning.
• Matrix management and stakeholder engagement.

Benefits

Competitive pay, incentives, referral bonuses, and 403(b) with employer contributions (when eligible).

Medical, dental, vision, prescription coverage, HSA/FSA options, life insurance, mental health resources, and discounts.

Paid time off, parental and FMLA leave, short- and long-term disability, backup care for children and elders.

Tuition assistance, professional development, and continuing education support.