SCOPE OF POSITION The Assistant CFO will be responsible for driving the long-term financial success of the hospitals through aggressive cost containment and revenue growth. The Assistant CFO will be responsible for providing financial leadership and analytics to support business decisions in conjunction with the Market CFO. The position requires a high energy, self-starter to drive change and build consensus. They must understand key principles of health care finance, and be current on industry trends, reimbursement methodology and upcoming changes in the industry.
Additionally, they should be comfortable providing operational leadership to areas outside of traditional finance. Responsibilities include: 1. Prepare and present financial information to a variety of audiences (physicians, community board, department managers, etc.). 2.
Work closely with the central business office on charge master, collections, contractual adjustments, and other revenue cycle functions to ensure maximum performance. 3. Coordinate and prepare annual budget in conjunction with Market CFO. 4.
Work closely with hospital supported physician groups on contracting issues/opportunities always looking to lower costs. 5. Demonstrate an understanding of financial contracts and work closely with Market CFO on areas of opportunity. 6.
Be comfortable leading negotiating efforts or providing financial support on contract matters. 7. Coordinate month end close, meeting all internal deadlines. Also, coordinate post-close management reports and action plans.
8. Function as the hub of all financial activity inside the hospitals, offering assistance and guidance to other members of the management team. 9. Provide general, non-financial leadership on special projects and to non-finance departments reporting to Assistant CFO.
10. Round and be visible in the hospitals to team members, managers and physicians. 11. Engage and coach departments on “focused review” to review their action plans to improve performance.
12. Participate in Administrator on Call Schedule 13. Support facilities/entities as determined by the Market CFO It is vital that an individual in this position be capable of good communication skills. It is of the utmost importance that written communication is legible.
Ballad expects all team members to support the Operational Excellence initiatives by demonstrating awareness of the OE system and effectively applying it to his/her work. Job duties of this position may require access to protected patient information (PHI). The team member will be accountable for appropriate use of the record and compliance with all confidentiality and security policy and procedures related to use, access, and disclosure of PHI. Ballad expects all team members to comply with Federal civil rights laws and regulations.
Team members will not discriminate, exclude people, or treat anyone differently because of age, race, color, national origin, national origin, ethnicity, religion, culture, language, physical or mental disability, socioeconomic status, sex, sexual orientation, gender identity or expression. REPORTING RELATIONSHIP See Table of Organization. EDUCATION AND EXPERIENCE The Assistant CFO will have a Bachelor’s or Master’s Degree in Business Administration, with a major in Finance or Accounting. A CPA is preferred but not required.
Prior experience as a controller or Assistant CFO experience is preferred, but not required. The successful candidate will be a self-starter, highly motivated individual with a proven track record of success. A minimum of 5 years of progressively responsible supervision/management experience or at least 3-5 years of healthcare care experience. Strong computer skills and interpersonal skills are a must.
The incumbent will be required to update professional expertise, and to develop management/leadership skills through continuing education throughout tenure in this position. Well-developed interpersonal and communication skills are essential.