The hospital CFO is assigned onsite financial responsibility for a facility under the management of the Morton County Health System in collaboration with the Morton County Commissioners. MCHS Medical Staff, para-medical professional staff and area affiliates.
Essential Duties and Responsibilities:
Works with the Morton County Health System CEO, health system board and employees to develop financial goals and objectives for the health system.
Provides proactive, sound guidance regarding management of assets and investments, and financial trends within the facility.
Typically supervises the areas of Accounting, Admitting/Registration, Patient Financial Services, Credit and Collection, Materials Management, Health Information Management, Payroll and Cashier. May oversee other departments, as required at the individual facility.
Works with department managers and patient care executives to implement financial plans and productivity benchmarks, and to monitor progress toward financial goals.
Is actively involved in the health system management approaches, performance and the growth of a team-oriented culture.
Establishes a five -year strategic financial plan for the health system as part of the health system ‘s strategic planning process.
Employs a system of responsible accounting, including budget and internal controls.
Ensures that monthly financial statements and bi-weekly productivity reports are completed and distributed on a timely basis.
Ensures that all balance sheet accounts are reconciled on a monthly basis and a system of internal controls are in place to facilitate a clean audit opinion with no audit adjustments or internal control deficiencies noted.
Maintains effective revenue cycle processes to keep patient accounts receivable at an acceptable level and increasing the hospital’s cash flow.
Maintains a thorough working knowledge of federal, state and managed care reimbursement payment methodologies, including contractual accounting, payment calculations, billing requirements and compliance issues.
Keeps up to date with all federal statutes surrounding participation in the Medicare and Medicaid programs, including, but not limited to: EMTALA, Medicare fraud and abuse issues, Stark legislation, and IRS guidelines pertaining to the operation of not for profit entities.
Specific areas of responsibility include: patient financial services; maximizing cash flow consistent with sound credit and collection policies while maintaining good rapport with the community; financial reporting with detailed analysis of financial statements and variances from budget; audits of financial statements and internal controls; examination of insurance policies to ascertain that hospital assets are properly insured against loss and that the hospital’s liability coverage meets Morton County Health System’s management requirements .
Monitors capital asset expenditures and depreciation; prepares annual operating budgets with input and involvement at the departmental level, as well as capital budgets and cash flow projections; arranges lines of credit and maintains proper banking relations; and adheres to Morton County Health System’s corporate compliance standards and procedures.
Keeps the Morton County Health System’s team aware of all key financial developments. Fulfills accountability for the hospital by submitting to Morton County Health System all appropriate reports and functions as a cooperating member of a great team.
Ensures that health system management fees are paid in accordance with the contract terms. Works closely CEO and health system board to resolve any payment issues quickly.
Understands the benefit of and supports the hospital’s participation in the group purchasing organization (GPO).
Monitors hospital compliance within the GPO. Works closely with the health system Directors and Purchasing Resources to ensure compliance.
Educational and Experience Requirements:
Bachelor’s degree in accounting, or related field;
Master’s in accounting or healthcare administration preferred.
Prior hospital CFO experience preferred.
Certificates, Licenses and Registrations:
Morton County Health System is committed to providing effective management solutions to our community. A person that believes in Morton County Health System ‘s values of quality, respect, initiative, integrity, customer service, and commitment, and passionately pursue and inspire excellence in the delivery of community-based healthcare is needed.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to sit. The employee is occasionally required to walk; sit; use hands to finger, handle, or feel; reach with hands and arms; climb or balance; stoop, kneel, crouch, or crawl; and talk or hear. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.
The work environment characteristics described here are representative of those and employee encounter while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Because of these duties, the employee may come into possession of information concerning services performed by the facility. Disclosure of this information by the employee may give rise to irreparable injury to the facility or to the owner of the information. Except as directed by the facility, the employee will not at any time disclose any such information to any person whatsoever.
Morton County Health System has a long history of serving the southwest corner of Kansas and the surrounding areas. Who we are? MCHS is a patient focused, community founded health system. Our philosophy is an integral segment of our community we serve. MCHS will support community activities and purse community input in order to better meet the needs of the communities served. Our misson is to provide a high level of integrity and quality healthcare, easily accessible to meet the needs of the communities we serve.