Chief Financial Officer (CFO) - Durant, OK

AllianceHealth Durant • Madill; Durant (OK); On-site; USD 180,000 - 240,000; Full time

Job summary

AllianceHealth Durant in Durant, OK is seeking a Chief Financial Officer to provide financial leadership and strategic direction for the hospital.

The CFO oversees budgeting, forecasting, revenue cycle, cost management, and regulatory compliance, collaborating with Accounting, Patient Access, HIM, and HR to optimize operations.

This role emphasizes strong analytical skills, communication with leadership, and guiding financial decisions that support high-quality patient care.

Qualifications

• Bachelor's degree in accounting or business required.
• Master's degree in accounting, business administration, or healthcare administration preferred.
• 8-10 years of progressive experience in healthcare financial management required.
• 5-7 years of experience in a senior financial leadership role within a hospital or healthcare system required.
• 1-3 years of recent acute care hospital CFO experience in a proprietary health system preferred.

Responsibilities

• Provides financial leadership to support hospital performance and ownership.
• Develops strategies for revenue growth and margin improvement.
• Participates in state and federal funding initiatives to improve reimbursement.
• Analyzes costs and forecast data with senior leaders to meet targets.
• Enforces financial policies, long-range goals, and cost-control actions.
• Ensures regulatory compliance and accurate financial reporting.
• Collaborates with providers and staff to align quality metrics with finances.
• Oversees general ledger accuracy and timely bank reconciliations.

Skills

Healthcare financial management

Revenue cycle management

Financial leadership

Budgeting

ERP systems

Analytical skills

Communication

Education

Bachelor's Degree in Accounting or Business

Master's Degree in Accounting, Business Administration, or Healthcare Administration

Tools

ERP software

Budgeting software

Job description

AllianceHealth Durant is a 138-bed licensed acute care facility offering a range of inpatient and outpatient services. AllianceHealth Durant's quality of care has been recognized by respected agencies and national accrediting bodies. AllianceHealth Durant is an accredited hospital by The Joint Commision, with additional certification as an Acute Stroke Ready facility. AllianceHealth Oklahoma®, comprising AllianceHealth Durant, AllianceHealth Madill and AllianceHealth Medical Group, work together as a system. What does this mean for you? It will mean things like innovation, improved healthcare access and, above all, an emphasis on safe, quality care. Being a part of a system means access to shared clinical experience, coordination of care and additional improved access to specialty care locally.

Job Summary

The Chief Financial Officer (CFO) is responsible for providing financial leadership and decision-making to support the hospital's mission and strategic objectives. This role oversees financial operations, including expense management, productivity, revenue cycle, budgeting, forecasting, financial analysis, and capital planning. The CFO collaborates with shared business partners in Accounting, Patient Access, Health Information Management, Revenue Management, Physician Practice Services, corporate Managed Care, and Human Resources to optimize daily and monthly financial operations. Additionally, the CFO manages financial risks and oversees the preparation of financial statements and reports. Departmental responsibilities typically include Accounting, Case Management, Information Systems, Health Information Management, and Patient Access.

Essential Functions

• Provides financial leadership to hospital staff and management to support, create ownership, and encourage decisions that positively impact the hospital’s financial performance.
• Develops and implements strategies for revenue growth and margin improvement to meet financial goals.
• Participates in state and federal funding initiatives to improve overall reimbursement for the facility and providers.
• Analyzes costs, operations, and forecast data on service lines in collaboration with senior leadership colleagues to monitor progress in meeting financial targets.
• Develops and enforces financial policies and procedures, short- and long-range goals, objectives, and plans.
• Manages costs by identifying opportunities for cost reduction and taking actions to eliminate non-value costs in partnership with other senior leadership colleagues.
• Ensures the hospital meets financial regulatory and compliance guidelines, maintaining adherence to all applicable standards.
• Works closely with providers and local team members to monitor quality metrics and align them with financial objectives.
• Oversees the accuracy of General Ledger entries and ensures the timely reconciliation of all bank accounts to the General Ledger.
• Monitors hospital cash receipts and disbursements for accuracy and adherence to internal control procedures.
• Prepares and presents timely and accurate monthly departmental operating reports to hospital staff and senior leadership.
• Prepares monthly exhibits for the accurate presentation of all third-party reimbursement contractual allowances.
• Performs other duties as assigned.
• Maintains regular and reliable attendance.
• Complies with all policies and standards.

Qualifications

• Bachelor's Degree in Accounting or Business related field required
• Master's Degree in Accounting, Business Administrations, or Healthcare Administration preferred
• 8-10 years of progressive experience in healthcare financial management required
• 5-7 years of experience in a senior financial leadership role within a hospital or healthcare system required
• 1-3 years of recent acute care hospital CFO experience in a proprietary health system preferred

Knowledge, Skills And Abilities

• Comprehensive knowledge of healthcare financial operations, revenue cycle management, and reimbursement methodologies.
• Strong analytical and problem-solving skills to interpret complex financial data and drive strategic decisions.
• Excellent communication and interpersonal skills for effective collaboration with multidisciplinary teams and external stakeholders.
• Leadership and team-building skills to inspire and guide staff toward achieving organizational goals.
• Proficiency in financial systems, budgeting software, and enterprise resource planning (ERP) tools.
• Commitment to regulatory compliance and maintaining high ethical standards.
• Ability to manage multiple priorities in a fast-paced healthcare environment.

Licenses and Certifications

• Certified Public Accountant (CPA) preferred or
• Certified Healthcare Financial Professional (CHFP) preferred