Chief Financial Officer

The Chief Financial Officer/Vice President, Financial Services (CFO/VP), serves as a key member of the Senior Leadership Team, which is responsible for overall leadership of the organization. The CFO/VP has overall responsibility for all aspects of accounting & financial management of the organization. The CFO/VP is specifically responsible for strategical & operational leadership of the Finance team, including responsibility for ensuring a successful relationship and strong overall outcomes for the outsourced delivery of Revenue Cycle services and all other duties as assigned in support of the organization.

• Controller/Director of Finance, Manager-Materials Management, primary liaison and owner of MMH’s outsourced revenue cycle services division.

• FINANCIAL LEADERSHIP & OVERSIGHT
• Responsible for organizing, directing & controlling the financial affairs of the organization. As such, the CFO/VP will provide timely, accurate reports to management & the Board of Directors; ensure that adequate accounting systems exist; establish & maintain appropriate policies & procedures; coordinate compliance with all regulatory requirements related to finance, help direct and ensure robust financial analysis around all key organizational business decisions.
• Manage receipt of revenues, expenditure of funds & conservation of assets.
• Analyze operating data & financial reports to monitor performance, identifying trends & determining needs for new control systems.
• Develop an annual operating & capital budget process.
• Oversee long‑term capital planning, facilities financial modeling and major capital project evaluation, ensuring alignment with strategic growth initiatives.
• Responsible for the treasury function, including cash management, securing operating & capital funds, & investment of surplus funds.
• Determine that the assets of the hospital are properly & adequately insured.
• Manage all aspects of the outsourced delivery of revenue cycle services‑ including review & evaluation of accounts receivable reporting for determination of adequate reserves & allowance policies & procedures.
• Provide financial leadership for payer strategy, including risk‑based contracts, bundled payments, shared‑savings programs and evaluation of new reimbursement models.
• Negotiates all third‑party payer agreements for the organization.
• Responsible for all Real & Personal property tax filings, including the necessary filings to claim any new properties as exempt.
• Responsible for all Community Benefit calculations and reporting, including INDOH reporting requirements of annual fiscal reports.
• Provides the reporting to administer the TCH Cardiac Joint Venture.

• Assist the President/CEO in implementing Margaret Mary Health’s strategic objectives.
• Continuously explore opportunities to enhance the hospital’s financial position & strengthen appropriate organizational growth & development.
• Help to set the tone for financial discipline & the importance of financial balance to achieve the mission & vision.
• Serve as the financial leader for partnerships, affiliations and physician alignment strategies, including due diligence and pro‑forma development.
• Build succession plans, oversee talent development for the finance team, and ensure financial literacy training for organizational leaders.

• Prepare, analyze, & present monthly financial & statistical reports to the Board of Directors &/or Finance Committee, and any other group as requested.
• Coordinate the annual financial audit, cost report & tax filings.
• Review & evaluate all third‑party audit reports & resolve any concerns or problems that have arisen.
• Responsible for ensuring the assigned departments’ compliance with all accreditation requirements, The Joint Commission, Indiana Department of Health, & local, state & federal licensing & operating requirements

• Provide leadership for organizational risk management, including identification of financial and operational risks, mitigation strategies, and alignment with Board‑level risk priorities.
• Manages the insurance portfolio for…