What are the responsibilities and job description for the Chief Financial Officer (CFO) (Full-Time) position at Arkansas Valley Regional Medical Center?
Chief Financial Officer (CFO), Arkansas Valley Regional Medical Center
On-site - Finance/Accounting - Full time - XD12917
La Junta, Colorado, United States
Description
The Chief Financial Officer for Arkansas Valley Regional Medical Center (AVRMC), La Junta, CO will follow the Chief Executive Officer, Board of Directors and CHC’s Vice President of Hospital Financial Operations. The CFO is responsible for providing leadership and oversight of the overall financial planning and financial operations of the hospital while ensuring compliance with the hospital’s mission, vision, values, goals, strategic direction, and applicable laws and regulations.
S/he appraises the organization's financial position and issues periodic financial and operating reports; directs the hospital's financial planning, revenue cycle, payroll, and accounting practices; oversees and directs treasury, budgeting, audit, tax, purchasing, and real estate.
The CFO develops and implements policies and procedures to include safeguarding of assets and adherence to generally accepted accounting principles; ensures proper accountability and reporting to federal and state agencies and all matters pertinent to a fiscally responsible flow of operations.
The CFO is responsible for positive relationships and effective communications with lending institutions, the financial community, CHC, medical staff, employees, volunteers, community representatives and board members as appropriate. S/he assures the implementation and adherence to AVRMC policies and procedures and fulfills the leadership role in the CEO’s absence.
Major Responsibilities
S/he appraises the organization's financial position and issues periodic financial and operating reports; directs the hospital's financial planning, revenue cycle, payroll, and accounting practices; oversees and directs treasury, budgeting, audit, tax, purchasing, and real estate.
The CFO develops and implements policies and procedures to include safeguarding of assets and adherence to generally accepted accounting principles; ensures proper accountability and reporting to federal and state agencies and all matters pertinent to a fiscally responsible flow of operations.
The CFO is responsible for positive relationships and effective communications with lending institutions, the financial community, CHC, medical staff, employees, volunteers, community representatives and board members as appropriate. S/he assures the implementation and adherence to AVRMC policies and procedures and fulfills the leadership role in the CEO’s absence.
Major Responsibilities
- Supports the mission of the hospital.
- Participates in the preparation and management of sound operating, project and capital budgets. Ensures the effective use of risk management, financial controls, productivity measures, reimbursement principles and contracting. Meets budget-critical financial metrics. Effectively negotiates third-party contracts. Provides stewardship of all financial and physical resources.
- Analyzes operational data to identify areas for improvement and implements solutions to enhance financial performance and efficiency.
- Assures hospital compliance with federal, state and local government laws and regulations, accrediting agency standards and hospital policies and procedures rules and regulations.
- Participates in the development of the facility’s strategic plan and short and long-term objectives which will ensure the continued growth of the facility and the provision of necessary services to the community; implementing plans and programs as approved by the governing board.
- Collects and analyzes data from internal and external sources regarding current way of doing business, finance, accounting, information management and related processes. Conducts needs analysis, identifies and prioritizes needs, applies good problem solving skills. Identifies alternate processes and potential solutions and acts to implement changes to improve financial operations.
- Oversees human resources functions, ensuring adequate staffing, talent development, and effective performance management.
- Sets clear, consistent goals and expectations. Holds self and others accountable for decisions and actions. Demands high performance. Is reliable, keeps commitments, and delivers results. Creates an ownership culture.
- Guarantees the effective management and security of all hospital data and information systems.
- Maintains the hospital’s compliance with all regulatory and legal requirements.
- Actively participates in the hospital's Compliance Program, and practices timely with support documentation and reporting as required.
Requirements
- BS/BA degree in finance, accounting, business or a related discipline required
- A CPA designation preferred
- A graduate level degree is a plus
- Revenue Cycle experience
- Critical Access Hospital experience is a plus
- Experience with Meditech is a plus
- Experience and Skills
Experience and Skills
- 5 – 7 years of progressive career experience in Hospital Finance/Accounting. Hospital CFO or Controller experience required.
- Knowledge of operations for Critical Access Hospital (CAH) including government programs specific to Critical Access Hospitals.
- Requires managerial experience and demonstrated understanding and experience with hospital financial reporting, revenue cycle management, accounting, budgeting, accounts payable, treasury, audit, tax, payroll, information technology and materials management.
- Knowledge of hospital and health care practices and procedures as well as laws, regulations, and guidelines pertaining to health care finance.
- Knowledge of financial management, accounting systems, treasury practices, risk management, financial controls, productivity measures, reimbursement principles and management care contracting.
- Knowledge of and demonstrated skill in leadership, strategic management, change management, communications, team building, continuous quality improvement, problem solving, decision-making, innovation, and stewardship of resources.
Benefits
As a full time employee, Community Hospital Corporation offers a competitive salary, discretionary bonus opportunity, and eligibility to participate in the company benefit programs. These benefits include: Medical, Dental, and Vision insurance, health and dependent care spending accounts, 401(k) savings with match, life insurance and long-term and short-term disability coverage.
About Arkansas Valley Regional Medical Center
Arkansas Valley Regional Medical Center is a 501c3 Critical Access Hospital located in La Junta, Colorado, just east of the Rocky Mountains. AVRMC has operated in La Junta since 1919. The hospital is debt free and benefits from the stability of a long serving and dedicated staff. The hospital is comprised of 25 inpatient beds, clinics offering primary care and specialty services, and offers the latest in medical and surgical technology, emergency care, and an array of out-patient medical services. La Junta offers an optimal quality of life for individuals and families alike, and is an affordable and safe community with strong schools and exceptional recreational opportunities.
About Community Hospital Corporation:
Community Hospital Corporation provides management services to Arkansas Valley Regional Medical Center. Here CHC puts its purpose into practice by guiding, supporting and enhancing our mission and strengthening community hospitals and healthcare providers across the country. Based in Plano, Texas, CHC provides the resources and experience community hospitals need to improve quality outcomes, patient satisfaction and financial performance.
For more information about CHC, please visit the company website at www.chc.com
CHC is a tobacco and drug free workplace. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Salary : $165,000 - $195,000