Chief Financial Officer

Ensures the financial viability of Glenwood Regional Medical Center by establishing and monitoring financial plans and budgets. Manages the financial affairs of Glenwood in accordance with business unit goals, sound business practice, and Glenwood policies and in compliance with various government regulatory requirements. Plans, organizes, and directs the fiscal services department, including the development, interpretation, coordination, and administration of Glenwood's policies on finance, accounting, insurance, financial/accounting systems, internal controls, and auditing.

KEY RESPONSIBILITIES:

• Establishes and monitors the annual operating budget in accordance with sound budgeting principles and corporate guidelines. Interfaces with Human Resources and other departments in preparation of manpower plans, salary and benefit proposals.
• Supervises and develops managers in areas such as patient accounting, data processing, credit/collection, general accounting, purchasing, PBX and admitting. Establishes performance plans and objectives and evaluates results with subordinates at the end of the performance period. Provides positive direction and open lines of communication with and between subordinates.
• Directs subordinates in developing and implementing systems and procedures for effective and accurate record keeping.
• Evaluates Glenwood's overall financial position and prepares periodic financial and operating reports.
• Coordinates with other senior members of management in developing major financial plans including capital expenditure programs.
• Reviews and evaluates the effectiveness of all financial and accounting systems at Glenwood. Directs the development and implementation of new systems, policies and procedures as required.
• Assists in the development of new business by analyzing the feasibility of new ventures including managed care contracts and advise management of the financial prospects.
• Attends promptly to the administrative details of the position including the signing of documents, preparation of reports, completion of performance appraisals and other employee-related actions.
• Ensures that the financial operation of Glenwood is carried out in an ethical, responsible manner.
• Analyzes daily operating results to ensure that revenues, expenses and labor are within budgeted objectives, advises department heads and administration of the changes, improvements, etc.
• Establishes and maintains sound financial controls and record keeping with as few employees as possible. Approves financial expenditures up to the level as established by the Glenwood CEO.
• Keeps current of government regulatory requirements and the rapidly changing reimbursement environment in order to develop and implement changes to policies and procedures as needed.
• Manage Glenwood's financial resources. Will supervise and coordinate the functions of reimbursement, budget, patient accounting, and general accounting, which include general ledger accounting, accounts payable and cashiering through subordinates.
• Participate in the development of department objectives and organization structure.
• Organize the work of the department. Allocate and schedule the work, and recommend positions and staffing required.
• Participate in the development of the department's operating budget and ensure that operations are maintained within allocated funds. Establish and maintain appropriate records and reports.
• Develop and implement policies and procedures for the department and insure compliance.
• Provide for organization and maintenance of an effective system of accounting and cost determination. Continually review and modify cost systems and data collection to assure maximum cost reimbursement for patient services.
• Prepare periodic reports outlining Glenwood's financial position in all areas of assets, liabilities, income, and expense based on past, present and planned future operations. Prepare and effect timely filing of federal, state, third party, and other financial reports as required. Stay current with national and local economic conditions and serve as advisor to the board of directors on their impact. Recommend budget-planning guidelines to board director, coordinate preparation of current operating and capital budgets with the CEO. In conjunction with Administrator of Glenwood-wide budgets to director for review and board approval.
• Provide for current and adequate insurance protection to protect Glenwood from liability and other losses.
• Supervise investigation, analysis, and present recommendations with respect to costs, charges, rates, etc. to permit income to support Glenwood's activities. Prepare revisions to rate structure. Participate in cost impact of personnel policies and programs such as employee benefit additions or changes, general salary increase, etc. Perform costs studies involving third parties such as Blue Cross, and local, state, and federal agencies. Participate in costs studies with auditing firm representatives. Participate in activities with third parties to expedite payment of long overdue accounts.
• Direct and supervise department staff through subordinate managers, including review/approval of recommended personnel actions.
• Implement and maintain established Glenwood policies and procedures, objectives, quality assurance, safety, environmental and infection control.
• Direct (through subordinate supervisors) care and maintenance of department facilities, equipment and supplies.
• Attend required meetings and participate on committees as required/requested.
• Participate in professional activities; maintain professional affiliations to keep abreast of current trends/changes and legislation in the field.
• Perform other duties as required/directed.

EDUCATION/EXPERIENCE/LICENSURE/TECHNICAL/OTHER:

• Education: BS Degree in finance, accounting or equivalent. CPA and/or MBA are preferred.
• Experience: Five or more years of progressively responsible finance experience. Excellent management and communication skills.