HOSPITAL Market Chief Financial Officer / CFO

Our clients, a 100 bed hospital and a 25 bed hospital located in North Central KY, a little over an hour from Cincinnati, OH, has a need for an experienced Market CFO to join their team. Candidates absolutely MUST HAVE RECENT FOR PROFIT ACUTE CARE HOSPITAL EXPERIENCE to be considered. They will consider a Controller that has acute care For Profit hospital experience.

The Chief Financial Officer is responsible for providing leadership and direction to all financial departments for the overall fiscal responsibility of the hospital.

General Responsibilities

• 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.
• Provides formal or informal direction in data processing, distributed systems, material management and medical records functions.
• Trains subordinates on the above areas and monitors performance to ensure fiscal responsibilities are fulfilled.
• Assists the CEO in the development of long and short-range hospital operations plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions.
• Develops long and short-range operational and capital budgets, which are supported by the hospitals long and short range plans and objectives.
• Prepares cash flow analyses and budget variance analyses.
• Recommends budget modifications as required. Assists managers in the development of departmental budgets.
• 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.
• Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the hospital.
• Assumes a 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 all financial data associated reports required by government and other regulated agencies including payroll tax reports, public disclosure reports and third party payor cost reports.

Job Requirements

Minimum Qualifications (Experience, Education and Special Certifications…)

• Bachelor’s Degree in Accounting or Finance and the knowledge of generally accepted accounting principles, and verbal, interpersonal and quantitative skills normally acquired through completion of this degree is required.
• CPA or Master's Degree strongly required.
• A minimum of 3 years of experience working at the CFO level in a For Profit acute-care hospital is required.
• Minimum of three years of progressive management experience in an investor-owned healthcare organization required.
• Must be a strong, hands-on and approachable leader who understands the value of being a team-player and have an outgoing and friendly personality.
• Must understand how to motivate and inspire staff to achieve optimal results, while keeping employee satisfaction high.

The City boasts a picturesque downtown setting on the banks of the Ohio River as well as bustling shopping-business corridors along US 68 and the AA highways. Our community offers a wide range of business and employment opportunities as well as historic sites, education options, and recreation fun for the whole family from boating, fishing, and camping, picnics, golf and swimming This scenic town, nestled on the banks of the Ohio River in northeastern Kentucky, just one hour southeast of Cincinnati, Ohio, and an hour northeast of Lexington, Kentucky, overflows with opportunities for business, industry, living and visiting. Celebrating a vivid past while embracing the promise and advantages of the 21st Century, the city always has been and always will be naturally charming.

The city is the retail and employment hub of a seven county area — Mason, Bracken, Robertson, Fleming and Lewis counties in Kentucky as well as Brown and Adams counties in Ohio. With a convergence of rail, river, and highway accessibility, and a labor market approaching 200,000, it is an excellent location for business and industry. From historic row houses and charming bungalows to modern subdivisions, golf course estates, and nearby farm communities, housing is available in a wide range of styles and price ranges. Relatively low real estate taxes make home buying even more affordable.