Chief Financial Officer (CFO)

Memorial Physician Practices; Olathe (KS); On-site; USD 180,000 - 260,000; Full time

Job summary

Lifepoint Health is seeking a Chief Financial Officer (CFO) for facility-level leadership of financial operations and strategic initiatives. The role drives budgeting, financial reporting, and cost management across hospital operations with strong emphasis on GAAP compliance and data-driven decision making.

Ideal candidates will have a Bachelor's in Accounting/Finance (Master's preferred), 15+ years of experience including CFO-level work in acute-care settings, and CPA qualifications preferred.

Qualifications

• Education: Bachelor's Degree in Accounting or Finance; Master's Degree Preferred.
• Experience: Minimum 15 years' experience with 3 years at CFO level in an acute-care hospital.
• Certifications: CPA Certifications Preferred.
• Licenses: CPA License Preferred.
• Skills: GAAP, financial reporting and leadership in healthcare finance.

Responsibilities

• Administer the general accounting, patient business services, including third party reimbursement, financial, and statistical reporting functions.
• Provide direction in data processing, distributed systems, material management and medical records.
• Develop long and short-range operational and capital budgets aligned with hospital plans.
• Monitor, interpret, and analyze hospital financial performance; identify trends and opportunities.

Skills

General Accounting

Financial Analysis

Budgeting

GAAP knowledge

Communication

Education

Bachelor's Degree in Accounting or Finance

Master's Degree Preferred

CPA Certification Preferred

CPA License Preferred

Tools

Advanced Computer Skills

Spreadsheets

Databases

Presentation Software

Job description

POSITION SUMMARY

The Chief Financial Officer (CFO) - Facility drives key strategic initiatives for a facility or multiple facilities, providing oversight of all Financial Operations and operational performance.

ESSENTIAL FUNCTIONS

To perform this job, an individual must perform each essential function satisfactorily with or without a reasonable accommodation.

• Administer the general accounting, patient business services, including third party reimbursement, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures.
• Provide formal or informal direction in data processing, distributed systems, material management and medical records functions.
• Train subordinates on the above areas and monitor performance to ensure fiscal responsibilities are fulfilled.
• Assist the Chief Executive Officer (CEO) in the development of long and short-range hospital operations plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions.
• Develop long and short-range operational and capital budgets, which are supported by the hospitals long and short-range plans and objectives.
• Prepare cash flow analyses and budget variance analyses and make recommendations on budget modifications as required.
• Assist managers in the development of departmental budgets and the budget process.
• Monitor, interpret, and analyze hospital financial performance in realizing established plans and objectives of the hospital.
• Identify and report undesirable trends and potential business opportunities and make recommendations for action.
• Direct the preparation of internal financial reports including work papers for annual financial audit.
• Assure the timely and accurate preparation of financial reports and assure the reports reliably reflect the financial position of the hospital.
• Assume a lead role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.
• Responsible for direction and submission on a timely basis all financial data associated reports required by government and other regulatory agencies including payroll tax reports, public disclosure reports and third-party payor cost reports.
• Regular and reliable attendance.
• Perform other duties as assigned.

ADDITIONAL INFORMATION

• Position serves both internal co-workers and external customers, clients, patients, contractors, and vendors.
• Access to and/or works with sensitive and/or confidential information.
• Exhibit a comprehensive understanding of healthcare regulatory and compliance (e.g., HIPAA). Skilled in the application of policies and procedures. Knowledge of Business Office Standards and Recommended Practices.
• Knowledge of Generally Accepted Accounting Principles (GAAP), Securities and Exchange Commission (SEC) regulations, and state regulatory environments as needed.

SUPERVISORY RESPONSIBILITIES

• Manage the work of others, including planning, assigning, scheduling and reviewing work, ensures quality standards. Responsible for hiring, terminating, training and developing, reviewing performance and administering corrective action for staff.

KNOWLEDGE, SKILLS & ABILITIES

• Education: Bachelor's Degree in Accounting or Finance; Master's Degree Preferred.
• Experience: Minimum 15 years' experience with 3 years of experience working at the CFO level in an acute-care hospital is required.
• Certifications: Certified Public Accountant (CPA) Certifications Preferred.
• Licenses: Certified Public Accountant (CPA) License Preferred.

Skills and Abilities:

• Business Mathematical Skills -- Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rates, ratios, and percentages and to draw and interpret graphs.
• Advanced Computer Skills -- Routine use of electronic mail and computer systems. Ability to incorporate complex and complicated functions into documents, spreadsheets, databases, and presentations to support business objectives.
• Organizational Communication -- Handles broad-based complex information across departments with company-wide impact. Presents to diverse audiences, and can negotiate, motivate and persuade others.
• Organizational Business Problems -- Problems are broad, complex and abstract, often involving company-wide issues. Must develop solutions using substantial creativity, resourcefulness, innovation, negotiation and diplomacy.
• Organizational Impact -- Decisions have significant, broad implications for the management and operations of a division. Job contributes to decisions on the overall strategy and direction of LifePoint.
• Organizational Judgement -- Sets direction and vision for major departments or multiple departments. Establishes priorities, develops policies and allocates resources for LifePoint.
• Organizational Planning/Organization -- Prioritize, organize, and delegate project assignments company-wide: responsible for project outcomes.

PHYSICAL AND MENTAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job responsibilities.

While performing the duties of this job, the employee is occasionally required to stand; walk; sit for extended periods of time; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, bend, crouch or crawl; talk or hear; taste or smell. The employee must occasionally lift and/or move up to 20 pounds. Repetitive motion of upper body required for extended use of computer. Required specific vision abilities include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

WORK ENVIRONMENT AND TRAVEL REQUIREMENTS

Work environment characteristics described here are representative of those that an employee may encounter while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job responsibilities.

Works in well-lit, ventilated and climate controlled office environment with routine office equipment; some equipment has moving mechanical parts.

In hospital environment, may be exposed to hazards and unusual elements, which may include but are not limited to bloodborne pathogens and / or contagious illnesses, toxic chemicals, and biohazardous materials which may require extensive safety precautions and the use of protective equipment.

Noise level in the work environment is typical for an office and/or hospital environment.

Moderate overnight travel (up to 30%) by land and/or air.

LIFEPART HEALTH

Lifepoint Health is a leader in community-based care and driven by a mission of Making Communities Healthier. Our diversified healthcare delivery network spans 29 states and includes 63 community hospital campuses, 32 rehabilitation and behavioral health hospitals, and more than 170 additional sites of care across the healthcare continuum, such as acute rehabilitation units, outpatient centers and post-acute care facilities. We believe that success is achieved through talented people. We want to create places where employees want to work, with opportunities to pursue meaningful and satisfying careers that truly make a difference in communities across the country.