Position Overview:
We are seeking an experienced and strategic Chief Financial Officer (CFO) to lead all financial functions of the hospital. The CFO will play a key role on the executive leadership team, overseeing financial planning, revenue cycle management, budgeting, financial reporting, and compliance. The ideal candidate will be a hands-on leader with a deep understanding of healthcare finance, regulatory frameworks, and hospital operations.
Key Responsibilities:
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Financial Strategy & Planning
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Develop and implement financial strategies to support the hospital’s goals.
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Provide strategic recommendations to the CEO and Board of Directors.
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Lead financial forecasting, modeling, and scenario planning.
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Budgeting & Financial Management
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Oversee the development of annual operating and capital budgets.
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Monitor financial performance against budgets and implement corrective actions as needed.
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Ensure effective cost management and resource allocation.
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Revenue Cycle & Reimbursement
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Oversee billing, collections, coding, and reimbursement processes.
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Optimize payer mix and maximize revenue from government and private insurers.
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Reporting & Compliance
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Prepare and present monthly, quarterly, and annual financial reports.
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Ensure compliance with federal, state, and local regulations.
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Coordinate annual audits and manage relationships with external auditors.
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Leadership & Team Management
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Lead, mentor, and develop finance team members.
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Collaborate cross-functionally with departments such as operations, IT, and clinical services.
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Capital Projects & Investment
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Evaluate and manage capital investment opportunities and financing strategies.
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Oversee financial due diligence and analysis for new initiatives and partnerships.
Qualifications:
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Bachelor’s degree in Accounting, Finance, or related field (required)
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CPA and/or MBA (preferred)
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Minimum 10 years of progressive financial leadership experience
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At least 5 years in a senior financial role within a healthcare or hospital environment
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Strong understanding of healthcare reimbursement, Medicare/Medicaid, and value-based payment models
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Proficiency in financial systems and ERP platforms
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Excellent communication, leadership, and strategic thinking skills
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