Chief Financial Officer

Gundersen Lutheran, Inc   •  

La Crosse, WI

Industry: Healthcare


11 - 15 years

Posted 108 days ago

This job is no longer available.

Position Summary

Responsible for all financial and fiscal management of health system operations. In partnership with the CEO, Senior Vice Presidents and other leaders, provide visionary leadership to continually move the organization forward in establishing and maintaining strong financial foundation, structures and processes. Build an exceptional team of financial professionals capable of executing the leadership vision to provide the needed resources required in delivering superior patient care.

Strategic Relevance -- Summary

To advance its position as an innovator and leading health care system, Gundersen Lutheran Health System (GLHS) must continue to demonstrate superior outcomes, provide seamless delivery of care, and ensure competitive cost structures. It must also stay at the cutting edge of emerging technologies and new delivery models that will transform healthcare. The System must anticipate and respond effectively to evolving market and environmental trends, (e.g., shifts in payment models, value based purchasing, transparency of outcomes and information technology) that will impact the delivery of health care services.

The Vice President is responsible for proactively identifying these forces and trends, for anticipating their impact on GLHS, for ensuring effective response from their AOR (area-of-responsibility and for influencing the System as a whole. The Vice President collaborates with senior management and others to establish and achieve GLHS’ strategic mission and goals: 1) demonstrate superior quality and safety through the eyes of patients and caregivers; 2) demonstrate superior service through the eyes of patients and colleagues; 3) attract, develop and retain a talented and engaged workforce; 4) demonstrate affordability of care; and 5) achieve programmatic growth. The Vice President ensures alignment across System strategies and AOR management and staff.

Position Duties and Responsibilities The Vice President is specifically responsible for: 1.0 Organizational Strategy and Implementation -
2.0 Fiscal Management - Initiating, overseeing, and developing processes to ensure accountability for effective operations and resource management.
3.0 Human Resource Management - Ensuring that systems and processes are in place to: select, engage, align, develop, motivate, manage, and retain a team of highly skilled managers and staff.
4.0 Excellence in Service and Clinical Quality - Achieving seamless delivery of quality patient care and safety, excellence in patient experience and customer service.
5.0 Organizational Leadership - Providing leadership and accomplishing objectives by ensuring the integration of processes and initiatives while modeling collaboration.

Key Accountabilities 1.0 Organizational Strategy and Implementation 1.1 Collaborates with other Vice President's to study and understand external market financial, economic, and industry data, identifying market opportunities and threats. 1.2 Provides vision and direction to AOR leadership in the design, development and implementation of program goals and objectives. 1.3 Guides and ensures continuous improvement, taking into account market demands, regulatory standards, and clinical practice. 1.4 Ensures the establishment of clear and consistent performance standards and ensures that continuous improvement forms the basis for all activities. 1.5 Collaborates to ensure that resources are prioritized, in place, and used to achieve objectives. 1.6 Oversees the design of key process improvements and optimizes resources to eliminate variability in cost and quality. 1.7 Develops effective referral network with physicians and hospitals and maintains collaborative relationships with major purchasers of healthcare. 2.0 Fiscal Management 2.1 Establishes and collaboratively manages fiscal targets. 2.2 Develops and presents comprehensive analysis for financial and program recommendations. 2.3 Monitors financial performance, initiates analysis, and evaluates and approves recommendations to achieve established fiscal targets. 2.4 Articulates and communicates the rationale for financial decisions, ensuring a high level of understanding among stakeholders. 2.5 Ensures management and staff compliance with financial decisions. 3.0 Human Resource Management 3.1 Creates vision and provides leadership that offers job satisfaction and performance recognition, stimulates innovative thinking, and promotes cross-functional teamwork. 3.2 Establishes expectations for performance and holds management accountable for achieving them. 3.3 In collaboration with the Human Resources Department, monitors trends that have human resource implications, and ensures the efficacy of systems/processes for recruiting, retaining, developing, and motivating staff and leadership talent. 3.4 Ensures the effective integration of progressive change and conflict management. 3.5 Creates a workplace climate that ensures respect, teamwork, open communication, and professional recognition among a diverse workforce. 4.0 Excellence in Service and Clinical Quality 4.1 Ensures the implementation of processes to collect clinical and financial data to improve clinical effectiveness, cost, and quality. 4.2 Oversees the monitoring and analysis of system-wide trends in customer satisfaction, patient experience, quality outcomes, and cost using data to guide change in system-wide practices. 4.3 Ensures confidentiality of patient, staff, and appropriate management data and delivers immediate and certain consequences when confidentiality is compromised. 5.0 Organizational Leadership 5.1 Promotes GHS to all constituencies by interpreting and communicating GHS? mission and values, and acting as a loyal and informed spokesperson. 5.2 Identifies opportunities and effectively leads collaboration with other departments and staff. 5.3 In the spirit of collaboration and organizational success, promotes the visibility of GHS leadership throughout the organization. 5.4 Provides the vision to establish a positive learning environment within their AOR, collaborating with academic programs, while ensuring patient safety. 5.5 Identifies areas for self-development and actively seeks opportunities and resources to meet developmental objectives.
Key Interfaces The Vice President interacts primarily with the following externalinterfaces:

  • Families
  • Patients

The Vice President interacts secondarily with the following externalinterfaces:

  • Non-GLHS clinicians and organizations
  • Vendors/Suppliers
  • Educational and Regulatory Organizations
  • General Public
  • Media

The Vice President interacts primarily with the following internalinterfaces:

  • Department Heads
  • Other Vice Presidents and Chiefs
  • Directors and Executive Directors

The Vice President interacts secondarily with the following internalinterfaces:

  • Team/Division Managers
  • AOR Staff
  • Other System Staff
  • CEO
  • Other functional leadership

Decision MakingAuthority & Responsibility

The Vice President has the responsibility to contribute to GLHS strategic objectives. This person is responsible for achieving organizational results. They are also responsible for reviewing goals, assessing progress, and making appropriate course corrections. This person has the authority to formulate and execute AOR vision, objectives, and strategies consistent with the System’s mission, vision and goals. This person determines which resources are needed and facilitates the acquisition or allocation of resources where indicated.

The Vice President has the authority to initiate and make change in AOR practice standards, processes and system to ensure optimal, cost effective health care delivery. This individual facilitates the resolution of management, clinician, and policy issues within agreed upon financial and regulatory limits. The Vice President formulates and enforces policy, consistent with GLHS standards. This person coaches, monitors, and documents management performance, and makes recommendations for compensation strategy and promotion. The Vice President represents GLHS and their Team/Division within the System and in the external community.

Scope of the Job Age Specific Population Served: Nonage Specific (N/A)
OSHA Category Category III - No employees in this job title have a reasonably anticipated risk of occupational exposure to blood and/or other potentially infectious materials.
Position Qualifications Education and Learning: Required Master's degree in Finance or a business related field

Work Experience: Required 10+ years of finance related experience in healthcare. Skills and Knowledge: Ability to or Knowledge of... Required Comprehension understand complex problems and to collaborate and explore alternative solutions
Reasoning/Decision Making demonstrate strong critical thinking and decision-making skills
demonstrate deductive thinking and analytical reasoning skills
make decisions which have significant impact on the department's credibility, operations and services
quickly assimilate, assess, and act upon new concepts, trends, and initiatives

Communication maintain both a high standard of courtesy and cooperation in dealing with co-workers, patients and visitors
demonstrate effective interpersonal sensitivity

Leadership develop and implement strategic plans and to translate plans into actions that achieve the goals of the organization
demonstrate leadership and management skills
collaborate and work toward consensus
create or facilitate the creation of solutions in complex systems and processes
communicate in a manner that promotes comprehension, alignment, and energizes collective intelligence and collaborative action
effectively demonstrate communication skills, strategic thinking, vision, innovation, and financial expertise

General - All Positions the business of healthcare
be flexible and adaptable

Department Specific - Nonpatient Care Generally Accepted Accounting Principles (GAAP)
income and expense issues in a healthcare environment
capital investment and resource allocation

Computer Systems/Software/Applications integrated information systems as related to financial issues as well as market analysis and tools needed for determining profitability issues

Regulatory/Compliance federal and state laws applicable to healthcare
all Health Care financing Administration regulations

License and Certifications: Required Valid Driver's License (DL)

Desired Certified Public Accountant (CPA)