Chief Financial Officer

Job Summary:

Administers, directs, and monitors all hospital financial activities and keeps the Chief Executive Officer and the hospital Board of Directors informed of the financial condition of the hospital. This position is responsible for safeguarding hospital assets, optimizing rural revenue cycle performance, and ensuring compliance with all state and federal regulations—including Texas Health and Human Services (HHS) guidelines and Centers for Medicare & Medicaid Services (CMS) Conditions of Participation.

The position requires availability or delegated availability to respond after working hours and to take rotational call.

________________________________________

• Accounting, Accounts Payable, Materials Management, HIM, Revenue Cycle, Patient Access

________________________________________

• Develop, direct, and lead activities so that all financial functions are conducted in an efficient and effective manner.
• Manage internal and external audits, tax filings, and general accounting practices.
• Maintain departmental productivity measures; report status monthly.
• Direct and participate in the development of accounting and internal control policies and systems.
• Develop and implement department policies and procedures that reflect the organization’s standards.
• Develop a hospital budget within designated deadlines according to all budgetary policies and procedures.
• Effectively utilize resources within an established budget and notify the CEO of all variances anticipated or accrued, to maintain department services.
• Participate in the hospital’s long-and-short term financial planning process.
• Recommend ways to reduce expenditures and enhance revenues without compromising quality of services.
• Ensure proper and timely payment of Payroll/payroll taxes.
• Review and approve monthly balance sheet account analysis.
• Ensure proper classification and integrity of the account balances.
• Demonstrate competence in performance in preparing and analyzing financial reports according to hospital policy and procedures.
• Provide advice and guidance as necessary in preparing and analyzing financial reports and executing appropriate responsive actions.
• Provide timely, accurate, and clear financial reports to the CEO and Board of Directors.
• Properly perform and utilize EMR financial modules and any applicable systems required.
• Assist in evaluating the adequacy of the hospital insurance coverage and in handling special /sensitive cases or problems and providing advice and guidance as necessary in preparing and analyzing risk management, insurance reports, and appropriate executive responsive actions.
• Recommend appropriate actions and strategies to respond to projected economic trends and/or regulatory changes and to facilitate the achievement of established financial objectives. Advise the CEO of financial trends.
• Participate in the analysis of financial implications of proposed capital projects and expenditures and recommend the execution of appropriate measures to respond to projected economic trends and/or regulatory changes.
• Direct and participate in the preparation of the budgets for the general accounting, financial services, controller’s office, and affiliated accounting departments; review and analyze the budget performance and identified variances; ensure effective cost control.
• Ensure that accurate information is provided on a timely basis and assists as needed in facilitating the efficient conduct of external audits, examinations, and related financial projects.
• Cash Flow & Liquidity Optimization:
  Monitor daily cash positions to ensure steady liquidity, compensating for volatile Medicaid/Medicare cost-settlement timelines.
• Tax District Fund Custody:
  Manage tax revenues…