We are seeking a dynamic, detailed and engaged leader, to join our team at Midwest Surgical Hospital, as Chief Financial Officer (CFO). In this position, you will serve as an influential and critical member of the Executive Team, providing financial strategic leadership for the hospital. The Chief Financial Officer will manage all financial aspects and financial operations, including budgeting and cash flow forecasting, audit preparation, accounting, revenue cycle, capital planning, financial reporting, analyzing performance, managing assets, contract negotiations and ensuring regulatory compliance. Aligns fiscal strategy with the hospital's mission and strategic goals, working closely with the CEO and board of directors to ensure cost-effectiveness and sustainable operations. Works collaboratively with the COO, CNO, Surgery Partners and third party contracted financial services in managing the financial aspects of the business. In addition, this position has operational responsibility for accounting, purchasing, and revenue integrity. Due to the size of the company, this position must maintain extensive skills in the areas being supervised in a direct, hands-on way. A critical need to balance time spent on operational areas versus strategic management issues requires a fast-working, confident, critical thinker who can juggle multiple high priority projects simultaneously. The CFO has a dotted line reporting relationship with Surgery Partners (the management company) finance team. The CFO is ultimately accountable for the financial strategic success of the organization.
An ideal candidate will bring extensive financial leadership experience in a hospital setting, be centered on maintaining a strong culture and relationships, and approach initiatives strategically, keeping communication front of mind.
At Midwest Surgical Hospital, we provide a variety of ortho, neuro and ENT services to patients throughout the Omaha community. We pride ourselves on providing high-quality patient care, and our ‘boutique’ hospital style provides a comfortable environment for patients and their families.
At the core of our success, however, is our employees. Many staff members have been with us since our opening in 2008, creating a family-like culture centered on fostering strong and collaborative relationships. We focus on providing employees greater work/life balance and offer other unique benefits such as providing lunch daily.
If your qualifications align with the position, apply today! We look forward to the potential of you joining the MSH family!
Primary Responsibilities:
The CFO, with the support of financial colleagues, recommends yearly budgets for Board and Management Company approval and ensures prudent management of the resources within those budgetary guidelines according to current laws and regulations. The CFO ensures that appropriate internal and management controls are established and maintained. The CFO ensures revenue cycle, billing, and collections are all optimized for the entity.
1. Financial and Revenue Leadership
- Leads the overall process of revenue integrity and financial management for the facility.
- Responsible for financial policies and procedures to enhance the safety of assets or operational efficiency.
- Responsible for development and dissemination of cash accounting, line item budgets, forecasts, models and other data. Provide feedback on the financial or statistical results of operations with suggestions for improvement.
- Evaluates overall financial position, recommends financial plans and budgets for board approval and monitors expenditures against revenue.
- Directs development and planning of financial reporting systems.
- Reviews effectiveness of financial and accounting system, policies and procedures; directs development and implementation of improvements.
- Directs financial and revenue integrity team leaders.
- Collaborates with other senior members in developing major financial plans including capital expenditure programs.
- Maintains departmental reports and records and collects statistical data for administrative and regulatory purposes.
- Supervises and coordinates the functions of reimbursements, budget, patient accounting, and general accounting, which includes general ledger accounting, accounts payable, and cashiering.
- Prepares reports outlining hospital’s financial position in all areas of assets, liabilities, income and expense, based on past, present, and planned future operations.
2. Purchasing and Materials Management Leadership
- Leads the overall purchasing and materials management for the facility.
- Responsible for development of policies and procedures to enhance the purchasing power to maintain operational efficiency.
- May direct and oversee planning, practices, procedures and personnel associated with hospital’s central supply programs.
3. Third Party Contracted Financial Services Oversight
- Responsible for oversight of outsourced financial services including accounting, AR, AP, finance, billing denials management; and software supporting medical necessity determinations (MCG and Optum) and Craneware (chargemaster). Directs and collaborates with contractors to ensure financial services are being provided according to contract and meeting the needs of the facility.
- Responsible for identifying and addressing issues and concerns affecting efficiency, productivity and effectiveness of the contracted service and/or software systems.
Qualifications:
- Education: Bachelor’s degree from a recognized university in the field of finance, accounting, or health care administration, required. Master’s degree, preferred.
- Licensure/Certification: Certified Public Accountant/Certified Management Accountant or Certified Manger of Patient Account would be preferable but is not required.
- Experience: 7-10 years of progressive leadership experience in the hospital finance setting, required. Must be well versed in Health Care regulatory compliance, central supply management, SOX compliance, and GAAP.
- Excel expertise, required.
- Ability to work individually and in a team setting, required.
- Experience developing and motivating staff, as well as an understanding of the general principles of human resources management and employment law.
- Computer proficiency and data analysis experience. Demonstrated experience in developing and overseeing large budgets and leading and implementing strategic planning initiatives.
- Proven ability to create effective working relationships with physicians, staff and Board members.
- Demonstrated leadership ability and complex organizational management skills.
- Must maintain confidentiality concerning patient personal, financial and medical information.
- Demonstrated flexibility and the ability to continually address and shift priorities, meet deadlines and work in a stressful environment.
- Excellent written and verbal skills and the ability to speak to large and diverse groups.
- Must present a professional appearance, providing a positive image of the organization to the public.
- Must exercise considerable judgment and discretion.
For over 17 years, MSH has provided advanced surgical and outpatient/inpatient services that are economical, convenient, and dramatically different than the typical hospital experience. Conveniently located in the heart of Omaha, MSH centers itself on providing quality patient care within its community, providing rewarding and meaningful work, with a supportive family-like culture.
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Application Question(s):
- Have you held the position of Hospital CFO before? If so, can you share your observations on the attributes of success for this role?
- Please share the size, scale, and scope (Hospital finance team, employee count, etc.) of the complex healthcare organizations you have worked for before.
- This role is specifically leading the financial area in one of our premier Surgical Hospitals in Omaha, NE. Please outline your current/prior experience that would ensure your success in this environment.
- Have you partnered with Physician owned Surgical Hospitals in your career?
- Have you engaged with Hospital Board of Directors or a publicly traded company before?
- Name two strengths and two opportunity areas you have and how they can impact your responsibilities as a CFO.
- Give a short description of your experience in developing and motivating your Finance team.
Work Location: In person
