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Rural Division Financial Officer

Rural Division Financial Officer

Bryan HealthLincoln, NE
30+ days ago
Job description

GENERAL SUMMARY :

Responsible for the planning, oversight, training, and compliance related to finance, financial reporting, and regulatory compliance including accounting, accounts payable, group purchasing organization (GPO) and payroll of rural division owned, managed, and affiliated hospitals and Heartland Health Alliance. Provides financial expertise and process improvement recommendations to rural hospital CFOs to ensure best practices. Performs all duties consistent with Bryan Healths core values.

PRINCIPAL JOB FUNCTIONS :

  • Commits to the mission, vision, beliefs and consistently demonstrates our core values.
  • Supports managed and owned hospitals with varied operational plans, information systems, types of entities (county, city, not-for-profit), board structures, etc.
  • Serves as liaison between rural division CFOs and Bryan Health Management Accounting.
  • Responsible for training, coaching, mentoring and assisting in evaluating Rural CFOs including providing professional development opportunities for the rural division CFOs.
  • Ensures accuracy and timely preparation of monthly financials and payroll functions by the division CFOs to key stakeholders.
  • Coordinates rural division cost report consolidation with the home office cost report as well as eliminating entries between related entities.

7. Assists in cost report desk review, onsite audits, and settlements.

  • Measures and evaluates the performance of rural division hospitals against the industry standards with a balanced scorecard approach and coaches rural division CFOs in improving their planning and performance.
  • Compiles information and performs comparative analysis to other hospitals and clinics; determines benchmarks to be used in evaluating division hospitals, clinics, and long-term care facilities performance.
  • Leads measurement activities for the division scorecard and ensures the rural division hospitals scorecards are reported accurately and timely to the CEOs and Boards of Directors.
  • Leads the deployment, administration, and relationship management between affiliated hospitals, VHA, and Bryan Health.
  • Provides interim CFO services when needed or arranges for contracted services.
  • Provides general oversight of the revenue cycle performance.
  • Evaluates the action plans or financial feasibility studies related to rural division hospitals.
  • Evaluates the proper reporting of payer contractuals by the division CFOs to CEOs and Boards of Directors.
  • Ensures the division CFOs reporting of productivity and volumes by providing summary and detailed statistical reports to the CEOs and Boards of Directors.
  • Ensures compliance with regulatory requirements such as cost reports, credit balance reports, s, s, provider enrollment, CRNA elections, option 2, CHNA, etc.
  • Ensures the format and structure of division financial statements meet Bryan Healths financial statements formatting requirements.
  • Ensures the integrity, accuracy, and timeliness of the budgeting process for both operating and capital budgets, including a statistical budget and balance sheet projections by the rural division CFOs to CEOs and Boards of Directors.
  • Develops a relationship with rural division and Bryan Healths auditing firms and ensures that our annual audits are performed appropriately and timely; seeks to ensure the audit has no controllable adjustments entries.
  • Keeps informed of current issues including new procedures, developments, legislation and innovation; maintains professional growth and development through seminars, workshops, and professional affiliations to keep abreast of latest trends in field of expertise.
  • Demonstrates competency in Medicare, Medicaid and other third party insurance company billing requirements.
  • Understands the Critical Access Hospital program and the Rural Health Clinic program including cost reporting and its implications on operations and related decisions.

    • 24. Performs other related projects and duties as assigned.

    REQUIRED KNOWLEDGE, SKILLS AND ABILITIES :

    1. Knowledge of organizational and human resource management standards and practices.

    2. Knowledge of ongoing healthcare trends.

    3. Knowledge of performance improvement, budgetary and financial methods and practices.

    4. Knowledge of computer hardware equipment and software applications relevant to work functions.

    5. Knowledge of management and leadership principles and practices.

    6. Skill in conflict diffusion and resolution.

    7. Ability to communicate effectively both verbally and in writing.

    8. Ability to use multiple different IT systems to assist rural division CFOs.

    9. Ability to perform crucial conversations with desired outcomes.

    10. Ability to make operational and management decisions in response to changing conditions.

    11. Ability to establish and maintain effective working relationships with all levels of personnel and medical staff.

    12. Ability to develop written policies and procedures, memoranda and performance evaluations with measurable behaviors.

    13. Ability to problem solve and engage independent critical thinking skills.

    14. Ability to maintain confidentiality relevant to sensitive information.

    15. Ability to adhere to hospital and department procedures.

    16. Ability to prioritize work demands and work with minimal supervision.

    17. Ability to utilize a proactive approach in leading and communicating the financial picture of the division.

    18. Ability to educate leaders and help them understand the importance of monitoring the financial performance.

    19. Ability to communicate and establish rapport with rural division CFOs, CEOs, and Boards of Directors.

    20. Ability to maintain regular and punctual attendance.

    EDUCATION AND EXPERIENCE :

    Bachelors degree in Business Administration, Accounting or equivalent area of study required. Minimum of ten years progressively responsible work experience providing all aspects of accounting and budgeting functions required. Five years of prior management experience required. Certified Public Accountant (CPA) is preferred.

    OTHER CREDENTIALS / CERTIFICATIONS :

    None

    PHYSICAL REQUIREMENTS :

    Physical Requirements are based on federal criteria and assigned by Human Resources upon review of the Principal Job Functions.)

    DOT) Characterized as sedentary work requiring exertion up to 10 pounds of force occasionally and / or a negligible amount of force frequently to lift, carry, push, pull, or otherwise move objects, including the human body.

    TRAVEL REQUIREMENTS :

    Travel is required approximately 4-10 times per month within miles radius including night or early morning Board or Physician meetings. May include short term or interim assignments requiring additional travel