What are the responsibilities and job description for the VP of Finance position at HIGHLAND DISTRICT HOSPITAL?
Provides leadership to the organization in the areas of finance, managed care, patient access, registration, revenue integrity, scheduling, for HDH and all related entities including HDH Foundation, Professional Services Corporation, and Highland Joint Township District Hospital Foundation. Through effective communication with the Board of Governors and teamwork with senior management, provides guidance on all matters affecting the financial health of the organization.
- Provides leadership and direction to the departments of Accounting, Patient Information/Accounts, Medical Records, Revenue Integrity, and Business Office.
- Assists the CEO and in conjunction with senior management, develops and executes short and long-range operational plans to ensure financial viability of the organization.
- Manages the cash flow of the organization. Identifies the need for and secures outside financing as required to support the short and long-range plans.
- In conjunction with senior management, identifies and implements operational changes to improve financial performance and ensure optimal resource utilization.
- Provides lead role in negotiation/communication with vendors/sellers in significant acquisitions.
- Provides lead role in negotiation/communications with third party payors to maximize net revenues.
- Assures full compliance with Generally Accepted Accounting Principles and all relevant Governmental Accounting Standards Board and healthcare reimbursement regulations.
- Directs the development of the annual budget.
- Oversee the production of the annual Medicare and Medicaid cost reports and HCAP reporting.
- Provides monthly/quarterly financial reports to and serves as primary resource person for all HDH boards on all financial matters.
- Develops and implements reimbursement strategy regarding HAP, HCAP, Medicare, Medicaid and other third-party payors.
- Procures insurance. Assures adequate, appropriate insurance is maintained on HDH affiliated entities, facilities, and operations.
- Educates and serves as a resource to department managers and directors regarding financial issues.
- Collaborates with CEO or responsible Vice President and /or Director, and provides lead role in negotiating terms, conditions, and rates for all leased space.
- Responsible for abiding by and adhering to all HDH Corporate Compliance Program initiatives.
- Highland District Hospital is committed to serving our community by providing Exceptional care. Exceptional service. Every time. It is the responsibility of all employees to interact with patients, visitors, and/or co-workers with compassion, dignity, and respect. Employees are to maintain positive behaviors, approaches, attitudes and be committed to interpersonal service. Each employee is to abide by the Behavior Based Standards, proactively promote teamwork and engage in a collaborative culture.
Position requires applicant to have a Bachelor’s degree in accounting or finance with CPA, and/or Bachelor’s degree in accounting or finance with equivalent and related experience and /or Master’s degree in related field with 7-10 years of progressive experience with management responsibility in the field of accounting or finance.
Financial management, strategic planning, project management, leadership and board communication skills. Knowledge of healthcare operations, reimbursement and information systems. Proficient in Microsoft Office and reporting software. EPIC and Multi-View experience is a plus.
May be subject to long and irregular hours; frequent interruptions and challenging situations. Work tends to be sedentary. Requires attendance at meetings at various times of the day and evening and occasional travel. Requires administrative call on a rotating basis. Must be willing to work according to hospital needs.