CHIEF Financial Officer; Compensation & Assistance

CFO Position at Gila Regional Medical Center

Under the general direction and in communication with the CEO, the CFO is responsible for the financial operations of Gila Regional Medical Center. This includes assuring that the financial statements, governmental and outside financial filings of GRMC comply with state and federal laws and Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) pronouncements and accounting and auditing standards.

The CFO is also responsible for financial administration, cash management, budgeting, revenue cycle processes, financial planning and analysis, financial reporting and all other fiscal and financial affairs of GRMC. S/he supports the operational oversight to assigned areas and departments, monitors and evaluates key activities; assure accuracy and meeting deadlines, and mentors/coaches assigned leaders to improve individual and team performance goals and outcomes.

S/he serves as a collaborator to CEO and positive representation of Gila Regional Medical Center within GRMC and in the community.

Responsibilities include:

• Supporting all aspects of revenue cycle processes and leading revenue cycle team in weekly meetings at GRMC.
• Working in all ways to positively support and improve the quality, efficiency and effectiveness of GRMC's approach to patient-centered care, and in serving our caregivers, customers and community.
• Working as a positive, change oriented, transformational leader in alignment with, and as a model for GRMC's organizational values, and leadership culture and approach.
• Being accountable for the achievement of assigned objectives, goals and outcomes.
• Setting the annual budget assumptions for both the operating and capital budgets. Overseeing the preparation of the annual operating budgets by department. Working with the Director of Materials Management in developing an annual capital budget. Preparing a budget summary and analysis for presentation to and approval by the Board of Trustees.
• Being responsible for the annual audit of the financial statements by an independent CPA firm. Working with the Controller to prepare audit schedules and analysis and to comply with all auditor requests for information.
• Managing the preparation of the annual Medicare and Medicaid cost reports with the Controller. Ensuring that all necessary financial information and data is given to the outside cost report preparer in an accurate and timely manner. Ensuring that the Medicare and Medicaid cost reports are accurate and filed with the State of NM and Medicare intermediary on time.
• Performing periodic analysis on the various service lines which GRMC operates and making reports to the CEO and Board of Trustees as necessary.
• Making Annual Reports to the Bond Insurer and Bond Rating Agency (S&P) and the bond documents as necessary.
• Performing and reporting monthly financial analysis to the Finance Committee and Board of Trustees regarding all key financial and statistical results and trends.
• Understanding of and ability to calculate, analyze and verify accuracy of accounts receivable reserves.
• Being responsible and understanding requirements of and the impact of annual cost report.
• Reviewing and performing financial analysis on all major leases and capital equipment acquisitions and participating in developing presentations and recommendations to the Board of Trustees.
• Supervising and overseeing all cash management functions including Savings and CD accounts, accounts payable management and payroll checking accounts.
• Being responsible for long-term financial planning for both operations and capital planning purposes.
• Participating in the development of financial analysis for new hospital services and service lines under consideration as a part of business development.
• Working with the Corporate Compliance Office/Risk Manager to maintain malpractice and general insurance policies and coverage. This includes worker's compensation and unemployment insurance coverage.
• Performing all other financially related duties and responsibilities as assigned by CEO of GRMC or the Board of Trustees.
• Providing strategic direction and operational and fiscal oversight to assigned Departments, ensuring accountability with goals and directives.
• Working collaboratively to improve departmental and interdepartmental financial and accounting systems and processes to improve key outcomes and efficiency.
• Leading and/or participating in assigned organizational level committees & project teams.
• Assurance of compliance with federal, state and local government laws and regulations, accrediting agency standards and hospital policies, procedures, rules and regulations as applicable.
• Participating in strategic planning processes, and the development, implementation, monitoring and achievement of the objectives, goals and action plans within the overall strategic plan.
• Developing and promoting cooperative working relationships with all other caregivers, departments, Medical Staff, and other…