What are the responsibilities and job description for the Chief Financial Officer position at Norman Regional Health System?
Job Summary
Primary Duties
Day
Position Type
Executives
Primary Duties
- Establish and maintain highly reliable, data-driven operations to ensure revenue integrity and accurate financial management for all service lines across the organization.
- Develop updated financial policies, procedures and reporting systems to enhance the safety of assets and operational efficiency.
- Communicate cash accounting, line item budgets, forecasts, models and other data in a meaningful method to various audiences, from NRHS Board members to operational leaders to staff and community members. Communications will include financial planning, strategic budget analysis and statistical results of operations alongside recommended areas for improvement regarding assets, liabilities, income and expenses.
- Direct and develop financial and revenue integrity team leaders.
- Collaborate with executive colleagues and senior leaders across NRHS in developing financial strategy, partnering with leaders across each service line, to effectively manage human capital and material capital expenditures.
- Maintain accurate departmental reports and records, including statistical data for administrative and regulatory purposes.
- Maintain highly effective and positively-influential relationships with internal and external customers.
- Maintain a proactive approach to anticipate and exceed customer expectations.
- Maintain an open and constantly flowing communication channel with the CEO and executive colleagues as strategic partners in a collaborative assessment of operations and investments.
- Maintain a regular weekly cadence of two-way communications with direct reports.
- Develop specific work plans and due dates.
- Follow-through on planned assignments within assigned timeframes.
- Prioritize assignments to maximize efficiency and meet expectations established with the CEO and key stakeholders.
- Maintain a positive outlook while adjusting to unanticipated changes, serving as a role model for strength and courage through adversity.
- Master’s degree from recognized university in field of finance, accounting, or health care administration required.
- FHFMA (Fellow, Healthcare Financial Management Association) certification highly preferred.
- Certified Public Accountant, Certified Management Accountant or Certified Manger of Patient Accounts preferred.
- 10 years progressive financial leadership experience in a hospital or healthcare system setting required.
- 5 years CFO and/or Revenue Cycle Senior Leadership experience preferred.
- Extensive experience with
- Health Care regulatory compliance, capital management, GASB and GAAP statements, audits and controls, with added strength in operating with limited operating liquidity/capital/cash on hand.
- Healthcare contract management, including provider and payor contracting, methodologies and negotiations.
- Debt instruments and restructuring, bonds and investments - including developing and maintain positive relationships with those external financial partners.
- Developing and motivating managers and staff, leading 100 team members - including a strong working knowledge of human resources management and employment law.
- Computer-driven financial systems and data analysis.
- Developing and implementing cohesive, multiple service-line budgets.
- Developing and implementing strategic planning initiatives.
- Creating effective working relationships with physicians, staff and Board members.
- Maintaining confidentiality concerning patient data, including personal, financial and medical information.
- Exercising professional judgment and discretion, maintaining an executive presence in all interactions within NRHS and across various external environments in the local community and with external stakeholders in other locations.
Day
Position Type
Executives