Rural Critical Access Hospital Chief Financial Officer Permanent Position Illinois

RESPONSIBILITIES:

• Develop and implement financial strategies that support the organization’s goals and objectives.
• Supervise all financial personnel, and oversee all financial aspects of the hospital, including accounting, budgeting, forecasting, and financial reporting.
• Oversee all revenue cycle functions of the hospital, including patient accounts, billing, coding, health information management, payer contracting, price transparency, and collections.
• Ensure compliance with financial regulations and laws.
• Provide financial analysis and guidance to the CEO, other executives, and the Hospital Board.
• Development and analysis of financial and statistical data while working with the CEO in developing, implementing, and monitoring strategic initiatives that are competitive and cost effective.

• Ensure preparation and maintenance of financial reports in a timely manner while ensuring compliance with generally accepted accounting principles and financial reporting standards for governmental Critical Access Hospitals. Regularly review reports with the CEO and the Board.
• Responsible for the preparation of the annual operating and capital budgets, including required amendments.
• Monitor and assist with monthly and annual general ledger entries and accounts receivable closings.
• Assure timely and accurate reporting of quarterly Federal Tax Return 941, State L1, unemployment quarterly report, Annual 1099’s and 1096, annual state and federal tax reports and W2’s.
• Collaborate with the CEO and other executives in identifying and evaluating new service line and funding opportunities.
• Monitor departmental expenses to ensure operations fall within established budgetary constraints.
• Lead strategic pricing initiatives.
• Manage the organization’s cash flow and liquidity.
• Review with the CEO financial contract negotiations.
• Ensure that adequate financial controls are in place and adjust as necessary.
• Ensure development and compliance with all policies, procedures and joint commission standards for the all financial departments.
• Timely reporting of all information utilized in board and committee documents including monthly financial, statistic, cash and Physician revenue reports. Attend and report financial information at Board meetings.
• Responsible for the development of accounting, internal control policies and systems, and addressing related policy/system issues.
• Responsible for the control of the facility’s cash and investment management activities.
• Lead the annual cost report preparation to ensure accuracy and compliance with Medicare/Medicaid rules.
• Lead the year-end financial statement audit and other external audits.
• Stay informed of ever-changing financial Governmental regulations and dissemination of information to appropriate hospital departments.
• Maintains current knowledge and expertise through participation in continuing education.
• Exhibits a high level of professionalism, courtesy and respect to employees, patients, family members, contractors, visitors, and external agencies at all times.
• Performs personnel functions for financial departments to include interviewing, hiring, training, performance evaluations, coaching, disciplinary actions and terminations within Hospital policies and procedures.
• Responds to concerns/complaints received regarding financial matters.
• The duties listed are general in nature and are examples of the duties and responsibilities performed and are not meant to be construed as exclusive or all-inclusive.  Duties and responsibilities may be changed at any time.