Chief Financial Officer

Job Details

Job Location:

Council Grove, KS 66846

MCH is accepting applications for a Chief Financial Officer (CFO). This full-time benefits eligible position will work on-site at our hospital location in Council Grove, Kansas.

JOB DESCRIPTION:

The Chief Financial Officer (CFO) will be responsible for overseeing the financial operations of the hospital, ensuring that the hospital's financial goals align with its strategic objectives, and maintaining the financial integrity of the organization. The CFO will direct all financial planning and analysis, accounting, budgeting, financial reporting, compliance, and risk management activities. This position requires an individual with strong financial leadership skills and a deep understanding of the unique financial challenges facing a Critical Access Hospital.

DUTIES AND RESPONSIBILITIES:

The CFO is an integral part of the hospital's leadership team, ensuring the financial success of the organization while upholding its mission to provide quality care to the local community.

• Lead the development and management of the hospital's annual budget and long-term financial planning.
• Monitor and manage cash flow, revenue cycle, and financial forecasts.
• Conduct detailed financial analysis to identify trends, opportunities, and areas for cost-saving or investment.
• Provide strategic financial advice to the CEO and Board of Directors on financial health, risks, and growth opportunities.

• Ensure timely and accurate financial reporting in compliance with federal, state, and local regulations (including Medicare and Medicaid rules).
• Oversee the preparation of monthly, quarterly, and annual financial statements.
• Lead the preparation for audits, including coordinating with external auditors and ensuring compliance with Generally Accepted Accounting Principles (GAAP).
• Ensure compliance with healthcare regulations, including 3408, Stark Law, and HIPAA, as they pertain to financial practices.

• Oversee the revenue cycle to ensure accurate and efficient billing, coding, and collections.
• Work with operational teams to optimize reimbursement from payers, including government programs and private insurers.
• Monitor denial management and work to minimize payment delays or issues.

• Identify and assess financial risks and develop strategies to mitigate them.
• Oversee the hospital's insurance portfolio, including malpractice, property, and general liability insurance.
• Implement and maintain financial internal controls to safeguard assets.

• Lead capital planning efforts, assessing the need for new equipment. technology, or facility improvements.
• Ensure that capital expenditures align with the hospital's strategic goals and financial capability.
• Develop financial models to assess the viability of capital projects.

• Collaborate with senior leadership, department heads, and clinical staff to drive financial performance and operational efficiencies.
• Mentor and lead the finance department, including accounting, payroll, and billing teams.
• Foster a culture of financial accountability and transparency across the organization.

• Actively participate in the development of the hospital's strategic initiatives and goals.
• Provide input into clinical and operational strategies from a financial perspective.
• Establish key performance indicators (KPl's) for financial and operational performance.

• Manage relationships with government agencies and grant providers.
• Oversee the hospital's eligibility and participation in government reimbursement programs, including Medicare, Medicaid, and Critical Access Hospital-specific reimbursements.
• Ensure proper use of funds from grants and subsidies.

• Bachelor's degree in Finance, Accounting, Business Administration, or related field. A Masters degree (MBA or MHA) is preferred.
• Certified Public Accountant (CPA) or Certified Management Accountant (CMA) certification is highly desirable.

• Minimum of 5-7 years of progressively responsible experience in finance or accounting, including at least 3 years in a senior leadership role in healthcare, preferably in a Critical Access Hospital or rural healthcare setting.
• Strong knowledge of healthcare finance, including reimbursement, payer relationships, and healthcare-specific regulations.
• Experience with financial reporting, budgeting, and financial planning for non-profit healthcare organizations.

• In-depth knowledge of financial management and reporting systems (e.g., Quick Books, Epic, Meditech, Cemer).
• Proficiency in Microsoft Office Suite, especially Excel and financial modeling tools.
• Strong leadership, communication, and interpersonal skills.
• Ability to manage complex financial operations in a rapidly changing healthcare environment.
• Proven ability to work with diverse teams and…