JOB SUMMARY: The Chief Financial Officer (CFO) serves as a strategic leader, overseeing and managing the financial operations of Mee Memorial Healthcare System (MMHS). This role is responsible for directing, supervising, and coordinating financial functions to ensure fiscal health and sustainability while supporting the organization’s mission and goals. The CFO works closely with the Chief Executive Officer (CEO) and executive leadership team to provide expert financial consultation, identify opportunities for efficiency, and recommend policies and operational improvements. This position requires a forward-thinking approach to navigating the complexities of healthcare reimbursement, regulatory compliance, and financial strategy in today’s dynamic environment. The CFO plays a pivotal role in driving innovation, optimizing resources, and fostering a culture of financial accountability throughout MMHS.

Below are some non-negotiables for the CFO Positions:

1. Recent California experience

2. Experience working in a Critical Access Hospital (CAH) setting (this doesn’t have to be specific to California).

3. Must have strong background with cost report, physician (wRVU) productivity, and alternative payment models.

PERFORMANCE DIMENSIONS AND TASKS
ESSENTIAL FUNCTIONS
1. Strategic Financial Leadership: Develop and execute financial strategies to ensure the fiscal health of the organization while aligning with Mee Memorial Healthcare System’s (MMHS) mission and long-term goals.
2. Regulatory Compliance: Ensure adherence to all federal and California state laws, including Medi-Cal, Medicare, and Covered California regulations, as well as compliance with the California Department of Health Care Services (DHCS) guidelines and Office of Statewide Health Planning and Development (OSHPD) reporting requirements.
3. Value-Based Care and Payment Models: Demonstrate expertise in value-based care, alternative payment models, and managing payer relationships. Lead initiatives to optimize financial performance under these models.
4. Revenue Cycle Management: Oversee the end-to-end revenue cycle operations to improve key metrics and maximize reimbursements from Medicare, Medi-Cal, and private payers while maintaining compliance with California-specific billing practices and laws.
5. Budgeting and Financial Forecasting: Leverage strong skills in financial forecasting, budgeting, and scenario planning to navigate unpredictable reimbursement changes and economic pressures effectively.
6. Risk Mitigation: Identify and mitigate financial risks, including reliance on supplemental payments or government funding (e.g., Medicare/Medicaid), with proactive planning and resource management.
7. Capital Planning and Investment Management: Evaluate and prioritize investments in infrastructure and technology upgrades, ensuring alignment with organizational goals and compliance with HCAI requirements.
8. Cost Reporting and Audits: Manage the preparation and submission of Medi-Cal and Medicare cost reports in compliance with California-specific regulations. Navigate audits and ensure adherence to the latest CMS requirements.
9. Compliance and Healthcare Laws: Maintain knowledge of and ensure compliance with healthcare laws and regulations, including the Stark Law, Anti-Kickback Statute, and other state and federal mandates.
10. Financial Reporting: Ensure timely and accurate preparation of monthly, quarterly, and annual financial statements in compliance with Generally Accepted Accounting Principles (GAAP), state-specific requirements, and internal policies.
11. Collaboration with Stakeholders: Work closely with the CEO, Board of Trustees, and executive team to provide financial insights and recommendations. Foster relationships with local and state stakeholders, including public health agencies and community partners.
12. Revenue Enhancement and Contract Negotiations: Lead financial negotiations with payer contracts, vendors, and service providers, ensuring alignment with California’s healthcare standards and MMHS’s financial objectives.
13. Staff Leadership and Development: Recruit, train, and mentor financial staff, fostering a culture of accountability, innovation, and continuous improvement.
14. Community and Advocacy Engagement: Represent MMHS in local, regional, and state-level discussions regarding healthcare funding and policy to advocate for sustainable healthcare delivery in rural communities.
15. Trend Monitoring and Policy Guidance: Guide the organization in adapting to changes in federal, state, and payer policies, ensuring long-term financial stability and compliance with evolving standards.

QUALIFICATIONS

Education:
• Required: Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Preferred: Master’s degree in Business Administration (MBA), Healthcare Administration (MHA), or a related advanced degree.
Work Experience:
• Minimum of 7 years of progressive financial leadership experience in healthcare, with at least 5 years in a senior financial management role such as CFO, Vice President of Finance, or similar.
• Proven track record of success in managing financial operations in a hospital or healthcare system, preferably in a critical access hospital or rural healthcare setting.
• Significant experience with value-based care, alternative payment models, and payer relationship management.
• Demonstrated expertise in revenue cycle management, including tracking and improving key metrics.
• Experience preparing and managing operating and capital budgets, including long-term financial planning.
• Familiarity with California-specific healthcare regulations, including Medi-Cal reimbursement structures Healthcare Access and Information (HCAI), reporting, and California Department of Health Care Services (DHCS) requirements.

Skills Requirements:
• Strong understanding of healthcare finance, including cost reporting, supplemental funding (e.g., Medicare/Medicaid), and navigating audits.
• In-depth knowledge of healthcare laws and regulations, such as Stark Law, Anti-Kickback Statute, and CMS compliance requirements.
• Proficiency in financial forecasting, scenario planning, and risk management in a rapidly changing healthcare environment.
• Advanced skills in capital planning and managing investments for infrastructure and technology upgrades.
• Exceptional analytical, organizational, and problem-solving abilities.
• Ability to communicate complex financial information effectively to diverse stakeholders, including the Board of Trustees, executive leadership, and external partners.

Technical Proficiency:
• Expertise in using financial systems and tools, including ERP systems, budgeting software, and healthcare-specific financial applications.
• Familiarity with California’s healthcare reporting systems, such as HCAI and DHCS portals.

Leadership and Interpersonal Skills:
• Proven ability to lead and mentor diverse financial teams, fostering a culture of innovation, accountability, and continuous improvement.
• Strong collaboration skills to work with executives, clinicians, and operational teams.
• Capacity to represent the organization in community and advocacy efforts.

Physical Demands:
• Must be able to sit for 6 hours or more and stand/walk for 2 hours or more per day.
• Must be able to lift/push/pull up to 35 pounds.

Special Demands:
• Ability to supervise and work cooperatively with others.
• Must be able to delegate duties and maintain efficient standards of operation.

DISCLAIMER:
The preceding job description has been designed to indicate the general nature and level of work performed. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.

Mee Memorial Hospital

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