Director​/Chief Financial Officer; CFO Hospital System

Director/Chief Financial Officer (CFO) of a Hospital System

The Director/Chief Financial Officer (CFO) at the Hospital System will play a crucial role in shaping the financial health and strategic direction of the healthcare system. As a key member of the executive leadership team, the Director/CFO will oversee all financial operations, including financial planning, management of financial risks, record-keeping, and financial reporting. The ideal candidate will have deep experience in healthcare finance, a strong understanding of hospital operations, and a proven track record of financial leadership in complex, multi-facility healthcare systems.

• Financial Strategy & Leadership:
• Develop and implement financial strategies that support the hospital's overall goals and objectives.
• Provide financial leadership and strategic advice to the CEO, Board of Directors, and executive team.
• Lead the financial planning, budgeting, and forecasting processes.
• Oversee investment strategies and capital structure to ensure the hospital's financial stability and growth.
• Financial Operations:
• Direct and manage all financial functions, including accounting, billing, collections, payroll, financial reporting, and audits.
• Ensure the accuracy and integrity of the hospital's financial statements and compliance with all regulatory requirements.
• Manage the hospital's revenue cycle, optimizing billing and collections to maximize cash flow.
• Oversee cost management, including expense control, procurement, and vendor contract negotiations.
• Compliance &
  
  Risk Management:
  
  
• Ensure compliance with all healthcare financial regulations, including Medicare, Medicaid, and private insurance requirements.
• Develop and implement internal controls to safeguard the hospital's assets and ensure financial accuracy.
• Oversee risk management strategies to mitigate financial and operational risks.
• Financial Reporting:
• Prepare and present comprehensive financial reports to the Board of Directors, CEO, and executive team.
• Provide timely and accurate financial analysis and insights to support decision-making.
• Lead the annual financial audit process and manage relationships with external auditors.
• Leadership & Team Management:
• Lead and mentor the finance team, fostering a culture of accountability, collaboration, and continuous improvement.
• Promote professional development and provide opportunities for staff growth and advancement.
• Collaborate with department heads and clinical leaders to align financial goals with operational needs.
• Strategic Partnerships & Relationships:
• Build and maintain strong relationships with financial institutions, investors, and other external stakeholders.
• Work closely with government agencies, insurance companies, and other healthcare providers to enhance financial performance and operational efficiency.

• Bachelor's degree in Finance, Accounting, or a related field; MBA, CPA, or equivalent advanced degree preferred.
• Minimum of 10 years of progressive financial leadership experience, with at least 5 years in a senior financial management role within a healthcare setting.
• Deep understanding of healthcare finance, including knowledge of Medicare/Medicaid, healthcare reimbursement, and regulatory requirements.
• Proven track record of financial strategy development, cost management, and operational improvement.
• Strong leadership and team management skills, with the ability to communicate effectively with diverse stakeholders.
• Experience with financial systems and tools, including enterprise resource planning (ERP) systems and healthcare-specific financial software.

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to work in a fast-paced, dynamic environment.
• High level of integrity and ethical standards.
• Strategic thinker with a focus on innovation and continuous improvement.