Chief Financial Officer

  • Ottumwa Regional Health Center
  • Ottumwa, IA, USA
  • Nov 01, 2021
Full Time Administration/Operations

Job Description

Job Summary

The Chief Financial Officer provides leadership and direction to all financial departments for the overall fiscal responsibility of the hospital.

General Responsibilities

  • Administers the general accounting, patient business services, including third party reimbursement, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures.
  • Provides formal or informal direction in data processing, distributed systems, material management and medical records functions.
  • Trains subordinates on the above areas and monitors performance to ensure fiscal responsibilities are fulfilled.
  • Assists the CEO in the development of long and short-range hospital operations plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions.
  • Develops long and short-range operational and capital budgets, which are supported by the hospitals long and short range plans and objectives.
  • Prepares cash flow analyses and budget variance analyses.
  • Recommends budget modifications as required. Assists managers in the development of departmental budgets.
  • Monitors, interprets and analyzes hospital financial performance in realizing established plans and objectives of the hospital.
  • Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
  • Directs the preparation of internal financial reports including work papers for annual financial audit.
  • Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the hospital.
  • Assumes a lead role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.
  • Responsible for direction and submission on a timely basis all financial data associated reports required by government and other regulated agencies including payroll tax reports, public disclosure reports and third party payor cost reports.