Job Description

Job Title:                       Chief Finance Officer

Reports To:                   Chief Executive Officer

Job Summary:                     Oversees and improves financial strength and viability of CCHCI. Highly strategic with demonstrated successes in leading, managing and developing teams, is an integral part of Executive Team, and a major contributor to continued growth. Proven track record of influential leadership, fostering teamwork, collaboration and team development in a mission driven environment. Oversees financial affairs of organization, develops, maintains, performs and leads all financial related activities including patient accounts, third-party billing, general accounting, grant accounting, payroll, purchasing, budgeting operations and cash management.  Ensures all federal and other grant budgets and grant deliverables are timely, maintains departmental data reports, participates in Executive Team, and is an active participant in overall administration of organization to ensure compliance and effective operations. Primary contact for all financial matters, maintains external relationships with auditors, funders, lenders, insurers, retirement plans, and third-party payers, is a member of the Board Finance Committee and participates in all Board of Director meetings.

                                                                                                                                                                       

Qualifications and Requirements:

The requirements listed below are representative of the knowledge, skill, and/or ability required. 

 

Essential Job Duties:

  • Provides Program Leadership
  • Promotes mission and philosophy of quality healthcare and related services to medically underserved regardless of ability to pay or insurance status. Upholds and ensures compliance with and attention to all corporate policies, procedures, mission and values of organization.
  • Ensures all actions, job performance, personal conduct and communications represent organization in a highly professional manner at all times.
  • Maintains effective, professional communications and collaboration with Chief Executive Officer (CEO), CCHCI leadership, staff and Board of Directors.
  • Chief Finance Officer (CFO) is a member of the C-Suite, contributing to the successful achievements of organizations mission and strategic initiatives by providing leadership, oversight, evaluation and direction for general administrative, clinics operations and change management initiatives of organization though planning, organizing, and directing various functions.
  • Works closely with CEO on financing, organizational priorities and initiatives, such as Value Based Contract, Business Plans, and Grants.
  • Attends Board of Directors meetings and other assigned committee meetings.
  • Works with CEO and leadership team to translate business, vision and strategy into financial tactics to achieve strategic goals and jointly focus on containing cosets while ensuring revenue generation, while maintaining a true quality and patient centric environment. Key partnerships include, but are not limited to: Chief Medical Officer (CMO) to ensure clinical operations are sustainable and optimized around agreed upon goal productivity standards; with Chief Operations Officer (COO) on forecasting and financing institutional capital and programmatic needs; with Chief of External Affairs (CEA) on funding, deliverables, foundation accounting and other activities; with Chief of Staff (COS) on organizational staffing and separation of duties for financial integrity; with Chief Clinical Informatics Officer (CCIO) on alternative payment methodologies and value based contracting.
  • Utilizes innovative, evidence-based, technological advancement strategies to plan and direct daily financial health of organization, with a focus on improving overall organizational efficiency, effectiveness and quality of care.
  • Understands financing innovative strategies directed towards improving patient/client outcomes, safety, satisfaction confidentiality, profitability and cost containment.

 

 

 

 

  • Provides Department Leadership

 

  • Directly or indirectly manages and oversees all Finance and Revenue Cycle staff, and other departments as assigned, to include hiring, training, evaluating, and conducting disciplinary actions and other personnel actions as required.
  • Facilitates and promotes orientation, customer service and operational training, hands-on coaching, and other staff development tools and resources for finance and business office staff, and monitors performance.
  • Ensures all necessary financial tasks are performed to achieve CCHCI’s mission and growth plans.
  • Develops and implements policies and procedures for financial and revenue cycle aspects of CCHCI.
  • Represents and promotes CCHCI with external parties, including governmental and regulatory agencies and other private or community groups.

 

  • Oversees CCHCI Financial Activities
  • Optimizes Revenue Cycle performance through constant vigilance over account receivables and denials.
  • Oversees negotiation and renegotiation of payor contract favorable to CCHCI.
  • Ensures financial records and procedures comply with applicable funding and government agencies’ requirements, generally accepted accounting principles and CCHCI policy.
  • Provides financial and administrative reports to Board of Directors, including annual CCHCI Operating and Capital Budget for Board approval.
  • Prepares grant specific budgets and assists with contract negotiations and contract amendments.
  • Negotiates and maintains all contractual agreements entered into by CCHCI.
  • Assists in identifying funding opportunities.
  • Develops, implements and maintains systems of internal controls to safeguard financial assets of organization and oversees federal awards and programs.
  • Oversees coordination and activities of independent auditors ensuring all OMB A-133 single audit act issues are resolved, and all 403(b) compliance issues are met, and preparation of annual financial statements is in accordance with U.S. GAAP and federal, state and other required supplementary schedules and required information.
  • Oversees preparation of financial portions of annual Uniform Data System (UDS) report.
  • Supervises asset acquisitions and dispositions.
  • Monitors all financial, purchasing and payroll activity.
  • Reviews monthly bank reconciliations, accounting entries and closing procedures.
  • Develops and maintains operating cost allocation plans.
  • Forecasts short and long term cash requirements.
  • Ensures preparation of monthly financial and statistical reports.
  • Provides cost benefit analyses.
  • Maintains budgetary control over all expenditures.
  • Strives to maximize revenues whenever possible and to reduce waste and minimize costs.
  • Oversees Accounts Payable, Receivable and Payroll.
  • Oversees preparation and audit of annual Medicaid reconciliation.

 

Required Education, Experience, Certificates & Licenses:

  • Bachelor’s degree in Business Administration, Accounting, Finance, Economics or related field required.
  • Minimum five (5) years progressive supervisory/leadership experience relevant to organizational finance.
  • Any combination of education and/or experience that provides the necessary skills required may be considered.
  • Certified Professional Accountant, preferred.
  • Driver's License and Proof of Insurance may be required if requesting mileage reimbursement.

 

Preferred Education, Experience, Certificates & Licenses:

  • Master’s degree in Business Administration, Accounting, Finance, Economics or related field preferred.
  • Eight (8) years progressive supervisory/leadership experience relevant to organizational finance preferred.
  • Experience in highly regulated healthcare environment preferred.
  • Experience in FQCH or non-profit environment preferred.
  • Experience in revenue cycle optimization preferred.

 

Required Language Skills:

  • Ability to comprehend and compose instructions, correspondence and communications in English in both oral and written format.
  • Adept at reading, writing, and interpreting technical documentation and procedure manuals.
  • Ability to effectively present information in one-on-one and small group situations to patients, internal providers and staff and other agency staff working in cooperation with the organization.

 

Physical Requirements:

  • Ability to occasionally exert enough force to move objects weighing up to 10 pounds.
  • Ability to continuously remain in a stationary position.
  • Ability to occasionally move about inside the workplace to access files, office machinery, etc.
  • Possesses hand-eye coordination and manual dexterity necessary to constantly operate computer, telephone, and other office machinery.
  • Possesses close visual acuity necessary to accurately record and view information on a computer monitor, handwritten and typed documents.
  • Ability to discern the nature of sounds at a normal spoken volume.

 

Other Required Knowledge, Skills, and Abilities:

  • Ability to employ statistical / mathematical methods to collect and analyze data and develop solutions.
  • Demonstrated aptitude in general accounting with ability to compute rate, ratio and percent and to draw and interpret graphs.
  • Ability to perform a variety of assignments and make decisions requiring considerable independent judgment.
  • Displays high level of critical thinking and problem-solving skills.
  • Displays sound and accurate judgment and ability to make timely decisions.
  • Knowledge of concepts, practices and procedures related to all aspects of a Federal Qualified Health Center.
  • Knowledge of billing, medical records, health plans, and community health centers preferred.
  • Knowledge of HIPAA and Corporate Compliance rules and regulations.
  • Computer literacy required with proficiency in use of all Microsoft Office programs.
  • Knowledge of Electronic Health Records preferred.
  • Knowledge of Peachtree software preferred.
  • Demonstrated leadership and management skills with successful track record for building high performance teams and leading organizational change in complex environments.
  • Ability to employ motivational techniques to train, mentor and lead staff.
  • Ability to positively represent CCHCI to the public at all times.

 

Work Environment & Conditions:

  • Work environment is typical of an administrative office setting with no substantial exposure to adverse environmental conditions.
  • Work requires reliable transportation as position requires occasional travel and extended hours to include early mornings, evenings, holidays and weekends.
  • Work requires ability to be contacted by cell phone during or outside of regular work hours.