Interim Chief Financial Officer (CFO)

Memorial Physician Practices; Hickory (NC); On-site; USD 150,000 - 210,000; Full time

Job summary

Lifepoint Health has an opportunity for an Interim Chief Financial Officer overseeing the financial operations of Frye Regional Medical Center in Hickory, North Carolina. The Interim CFO provides leadership to all financial departments for hospital fiscal responsibility.

Responsibilities include budgeting, cash flow and financial reporting, strategic cost management, and collaboration with executives to optimize resources and outcomes.

Qualifications

• Bachelor's Degree in Accounting or Finance required; GAAP knowledge and interpersonal/quantitative skills.
• CPA or Master's degree strongly preferred.

Responsibilities

• Administers 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.
• Provides direction in data processing, distributed systems, material management and medical records functions.
• Trains subordinates on the above areas and monitors performance to ensure fiscal responsibilities are fulfilled.
• Assists the CEO in developing long and short-range hospital operations plans including service demand analyses and capital staff expansions.
• Develops long and short-range operational and capital budgets; supports hospital plans and objectives.
• Prepares cash flow analyses and budget variances; recommends budget modifications and assists managers in budgeting.
• Monitors, interprets and analyzes hospital financial performance; identifies trends and opportunities and makes recommendations.
• Directs preparation of internal financial reports for annual audit and ensures timely, accurate reporting of the hospital's financial position.
• Leads efforts to reduce operating costs and increase revenues based on market trends and financial data.

Skills

Leadership

Hospital financial leadership

Team motivation

Education

Bachelor's degree in Accounting or Finance

CPA or Master's degree preferred

Job description

Lifepoint Health has an opportunity for an Interim Chief Financial Officer. The Interim CFO will have oversight of Frye Regional Medical Center located in Hickory, North Carolina.

The Interim Chief Financial Officer provides leadership and direction to all financial departments for the overall fiscal responsibility of the hospital.

Other duties include:

• Administers 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.
• Provides formal or informal direction in data processing, distributed systems, material management and medical records functions.
• Trains subordinates on the above areas and monitors performance to ensure fiscal responsibilities are fulfilled.
• Assists the 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.
• Develops long and short-range operational and capital budgets, which are supported by the hospitals long and short range plans and objectives.
• Prepares cash flow analyses and budget variance analyses.
• Recommends budget modifications as required. Assists managers in the development of departmental budgets.
• Monitors, interprets and analyzes hospital financial performance in realizing established plans and objectives of the hospital.
• Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
• Directs the preparation of internal financial reports including work papers for annual financial audit.
• Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the hospital.
• Assumes 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 regulated agencies including payroll tax reports, public disclosure reports and third party payor cost reports.

Education

• Bachelor's Degree in Accounting or Finance and the knowledge of generally accepted accounting principles, and verbal, interpersonal and quantitative skills normally acquired through completion of this degree is required.
• CPA or Master's Degree strongly preferred.

Experience

• A minimum of 3 years of experience working at the CFO level in an acute-care hospital is required.
• Minimum of three years of progressive management experience in an investor-owned healthcare organization required.
• Must be a strong, hands‑on and approachable leader who understands the value of being a team-player and have an outgoing and friendly personality.
• Must understand how to motivate and inspire staff to achieve optimal results, while keeping employee satisfaction high.