The Chief Financial Officer is responsible for the planning, provision, and allocation of functional resources necessary to carry out the day-to-day operations of Box Butte General Hospital (BBGH). These responsibilities are accomplished by establishing appropriate performance standards, qualifications and expectations. Responsible for the proper planning and allocation of resources under their control to include the preparation and monitoring of the annual operating budget and objectives consistent with our strategic plan. All duties are performed consistent with BBGH standards and behaviors.
Principal Job Functions
Commits to the mission, vision, beliefs and consistently demonstrates our core values.
Participates in and/or leads meetings, committees, strategic planning and lean projects as assigned.
Overseas formulations of goals and objectives, plans and programs in alignment with the overall hospital goals and objectives, plans and programs; ensures plans and programs are properly executed and an effective feedback process is utilized which communicates the overall condition and trends in each area and all important activities affecting them.
Oversees performance standards/metrics for each of the departments and evaluates the performance against the standards; coaches and assists the managers in improving their planning and performance.
Ensures consistent leadership among managers and ensures unification. Promotes effective communication, collaboration, quality, and efficiency between departments and managers.
Provides leadership and oversight in service line growth and development.
Oversees the departmental budgetary procedure to ensure proper operational and capital planning; appropriate and efficient use of resources; and consistent compliance to budgetary and fiscal controls.
Maintains responsibility and/or oversight for the areas of Accounting, Admitting / Registration, Foundation, Patient Financial Services, Credit and Collection, Purchasing, Health Information Management, Payroll and Cashier.
Responsible for hiring, training, supervising, coaching, mentoring, retaining and evaluating managers including professional development of the
Keeps informed of current issues including new procedures, developments, and innovation. Maintains professional growth and development through seminars, workshops, and professional affiliations to keep abreast of latest trends in field of expertise.
Support the development of the BBGH Way that includes: Patient Experience, Just Culture, Gallup Employee Engagement and Wellbeing, TeamSTEPPS and Strengths-based culture.
In conjunction with Senior Leadership, responsible for overall physician, employee, and patient improvement efforts.
Understands the accounting and financial reporting regulations related to all governmental programs (CAH and RHC).
Identifies appropriate internal controls for department, provides mechanisms to monitor and enforce compliance, and coordinates the annual audit, cost report preparation, and Foundation 990-preparation with an outside auditing firm as needed.
Evaluates the rural health clinics’ financial statements and operations (including physicians’ productivity reports and physicians’ employment contract) and prepares appropriate analysis.
Develops and maintains the accounting system used in evaluating department costs and profitability and provides information as needed to make managerial decisions.
Compiles information and performs comparative analysis to other hospitals and clinics; determines benchmarks to be used in evaluating processes and productivity throughout BBGH and GNMSS
Assists management in managing both productivity and volumes by providing summary and detailed statistical reports showing resource consumption and unit costs.
Evaluates the financial feasibility of new or existing services and programs; accesses a wide variety of databases and reports to prepare analytical reports and special studies.
Evaluates and manages contracts and advises the CEO and Board of Trustees on material changes in contractual estimates or issues as needed.
Delivers accurate and timely preparation of monthly financials for distribution to CEO and Board of Trustees.
Develops a relationship with BBGH’s auditing firms and ensures that our annual audits are performed appropriately and timely. Seeks to ensure our audit has no controllable adjustments entries.
Demonstrates competency in Medicare, Medicaid and other third party insurance company billing requirements.
Understands the Critical Access Hospital program including cost reporting and its implications on operations and related decisions.
Understands the Rural Health Clinic program including cost reporting and its implications on operations and related decisions.
Maintains professional growth and development through education, seminars, workshops, and personal affiliations to keep abreast of latest trends in field of expertise.
Performs other related duties as assigned.
Bachelor’s degree in Business Administration, Accounting or equivalent experience required. Minimum of five (5) years progressively responsible work experience providing all aspects of accounting and budgeting functions required in healthcare. Three to five years of experience as an executive healthcare leader in a critical access hospital required. Certification of Healthcare Financial Management Association Fellow preferred. Certified Public Accountant (CPA) certification or Master’s degree preferred.
Therefore, we seek candidates who have:
Knowledge of organizational and human resource management standards and practices.
Knowledge of ongoing healthcare trends.
Knowledge of performance improvement, budgetary and financial methods and practices.
Knowledge of computer hardware equipment and software applications relevant to work functions.
Knowledge of management and leadership principles and practices.
Skill in conflict diffusion and resolution.
Ability to communicate effectively both verbally and in writing.
Ability to perform crucial conversations with desired outcomes.
Ability to make operational and management decisions in response to changing conditions.
Ability to establish and maintain effective working relationships with all levels of personnel and medical staff.
Ability to develop written policies and procedures, memoranda and performance evaluations with measurable behaviors.
Ability to problem solve and engage independent critical thinking skills.
Ability to maintain confidentiality relevant to sensitive information.
Ability to adhere to hospital and department procedures.
Ability to prioritize work demands and work with minimal supervision.
Ability utilize a proactive approach in leading and communicating the financial picture of the organization.
Ability to educate managers and help them understand the importance of monitoring the financial side of their areas including labor.
Ability to communicate and establish rapport with department managers.