What are the responsibilities and job description for the Chief Financial Officer position at Randolph Health?
The Chief Financial Officer (CFO) oversees the system’s financial goals and ensures sound financial practices and reporting systems across the organization. The CFO is responsible for leading the revenue cycle operations, supporting the CEO in the implementation of growth-oriented strategies and optimizing the organization's financial performance. The CFO directs the hospital’s financial reporting process and provides regular reports to the Board and hospital management on the finances. The CFO also ensures adequate capital resources to support the organization’s growth and is responsible for the performance of the patient accounting functions, managed care contracting and hospital purchasing programs.
As a member of the hospital executive team, the CFO is responsible for creating an environment that results in high levels of financial and clinical performance, recruitment and retention of physicians and hospital staff, and the continued growth and development of services to meet community health care needs. The CFO will also develop and maintain positive relations with various community constituents and leaders throughout the hospital’s service region.
Required Qualifications for the CFO:
- CPA or MBA in Finance required.
- FHFMA preferred.
- Minimum of five years' leadership experience in hospital or health care financial position. CFO experience preferred.
- Strong working knowledge of GAAP, health care policy, revenue cycle operations, reimbursement and regulatory environment.
- Proven ability to establish and maintain effective working relationships with hospital management and staff, Board of Directors, medical staff and community.
- Exceptional communication and business development skills to convey and engage active support for the hospital’s mission, vision and strategic goals.
- Demonstrated experience and expertise in Medicare, Medicaid, managed care and other payer processes, negotiations and agreements.
- Creativity, vision and leadership skills to support the CEO and Governing Board in the development and implementation of growth oriented strategies in collaboration with the medical community.
Compensation and Benefits:
- Salary is commensurate with experience.
- Randolph Health offers a competitive executive benefits package.
About the Community and Service Region:
Asheboro is the county seat and geographic center of Randolph County. There are over 130,000 people in Randolph County which is located in central North Carolina in the rolling hills of the Piedmont region and near the Uwharrie National Forest. The area offers excellent recreational opportunities that include golfing, hiking, fishing, theatre, shopping, abundant parks and many other family and social activities. Public schools are strong at all levels along with a growing community college that has affiliations with four-year colleges and universities. Asheboro is centrally located with easy access to North Carolina’s major metropolitan areas: 25 minutes from Greensboro, 90 minutes from Charlotte and 90 minutes from Raleigh. There are also three major medical schools within a one-hour drive: Duke University, University of North Carolina and Wake Forest University. In addition, Randolph County is home to the North Carolina State Zoo, noted as one of the top and most unique zoos in the United States, and the Seagrove Pottery Area with over 100 skilled and renowned potters.