Job Type
Full-time
Description
Chief Financial Officer (CFO)Location: Kellogg, Idaho
Position Summary:The CFO is responsible for managing the day-to-day financial operations of the hospital, ensuring sound fiscal practices, compliance with regulations, and efficient service delivery. This executive leader will work closely with the Chief Executive Officer (CEO) and Board of Directors to align financial strategy with organizational objectives. The CFO will also oversee budgeting, financial reporting, risk management, and long-term financial planning.
Primary Responsibilities:- Maintain regular communication with the CEO and Board of Directors regarding hospital financial status, operations, and key issues.
- Develop and implement financial strategies that align with the hospital's mission and strategic goals.
- Oversee all accounting, corporate reporting, financial compliance, and operational efficiency.
- Ensure compliance with all state and federal regulations, accreditation standards, and internal policies.
- Lead financial planning, budgeting, and investment strategies to support long-term sustainability.
- Manage cash flow, financial forecasting, and cost-control measures.
- Work with department managers to establish operating budgets, staffing levels, and performance improvement initiatives.
- Conduct financial audits, oversee internal controls, and ensure accountability in financial management.
- Participate in the hospital's strategic planning process and support decision-making with financial insights.
- Oversee benefits negotiations to provide competitive compensation and benefits packages.
- Provide administrative oversight in the absence of the CEO and participate in on-call administrative rotations.
- Represent the hospital at Board meetings and other leadership forums.
- Ensure optimal fulfillment of the hospital's mission in response to community and patient needs.
- Perform other duties as assigned.
Qualifications:- Strong knowledge of legal, regulatory, and ethical standards in hospital finance and healthcare administration.
- Understanding of the principles and practices of hospital financial management and administration.
Education & Experience:- Education:
- Bachelor's degree in Finance, Accounting, Healthcare Management, or a related field.
- MBA or comparable graduate degree (preferred).
- Experience:
- Minimum of 7 years of progressive management experience in the healthcare industry.
- Minimum of 5 years of executive-level financial leadership experience (preferred)..
- Experience in a Rural Critical Access Hospital (preferred).
- Experience in financial planning, organizational assessments, and process improvements in healthcare settings.
- Extensive experience working with physicians, clinicians, and hospital leadership teams.
Requirements
- Bachelor's degree in Finance, Accounting, Healthcare Management, or a related field.
- Minimum of 7 years of progressive management experience in the healthcare industry.
- Strong experience in revenue cycle management, including billing and denial management.
