The Chief Financial Officer (CFO) is responsible for the overall financial leadership and fiscal health of the hospital. In a small rural hospital environment, this role combines strategic financial planning with day-to-day oversight of accounting, budgeting, reimbursement, revenue cycle, purchasing, and regulatory financial compliance. The CFO serves as a key member of the executive leadership team, supporting sustainable operations while ensuring compliance with federal and state regulations.
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Serve as the hospital’s senior financial executive and strategic advisor
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Develop and maintain short- and long-term financial strategies aligned with the hospital’s mission, community needs, and rural healthcare challenges.
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Prepare and present financial reports, dashboards, and analyses to executive leadership and the Board.
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Support strategic initiatives
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Lead the annual operating and capital budgeting process; monitor monthly budget performance and variances.
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Ensure effective cash flow management, financial forecasting, cost reporting and reserve planning.
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Oversee cash management, investments, debt obligations, and banking relationships.
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Ensure financial sustainability in a low-volume, high-fixed-cost rural hospital environment.
Revenue Cycle & Reimbursement
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Provide executive oversight of the revenue cycle, including billing, coding, collections, and payer relations.
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Ensure accurate reimbursement from Medicare, Medicaid, commercial payers, and grant programs, with attention to rural health and CAH methodologies.
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Support CMS cost reporting
Compliance & Regulatory Oversight
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Ensure compliance with applicable federal and state regulations including CMS, Medicare/Medicaid rules, and other healthcare financial requirements.
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Bachelor’s degree in Accounting, Finance, Business Administration, or related field required.
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Master’s degree in Finance (MBA, MHA, or equivalent) preferred.
Experience
Minimum of 5 years of progressive financial leadership experience in healthcare