Pivotal Solutions Inc
Chief Financial Officer
Pivotal Solutions Inc, Madison, Georgia, United States, 30650
Chief Financial Officer
About the jobThe Chief Financial Officer (CFO) plays a crucial role in ensuring the financial health and asset protection of the organization. This position serves as a key advisor to the Board of Directors and Senior Management, particularly collaborating with the CEO on financial and operational matters.Key Responsibilities:Oversee Corporate Finance, reimbursement processes (including Medicare Cost Report submissions), accounting, payroll, financial statement preparation, budgeting, managed care contracting, cash management, and materials management.Supervise departments including Accounting, Accounts Payable, Materials Management, Revenue Cycle Management (including Admitting & Registration, Health Information Management, and Patient Financial Services), Human Resources, Managed Care Contracting, and Cash Management.Foster collegial relationships with external auditors and Medicare cost report firms.Financial Leadership:Develop, oversee, and approve operating and capital budgets; authorize new and vacant positions based on productivity metrics while ensuring the integrity of financial reporting.Maximize Medicare and Medicaid reimbursement through effective Cost Report preparation and conduct business analysis as necessary.Critical Access Leadership:Oversee the development and management of cost accounting systems that accurately reflect the unique financial structure of a critical access hospital.Implement financial strategies that enhance the sustainability and operational efficiency of the critical access facility.Collaborate with clinical and operational leaders to align financial goals with patient care objectives and community health needs.Evaluate and advise on capital expenditures and investments that are critical to maintaining and enhancing hospital services in a rural or underserved area.Engage with local stakeholders, including community leaders and health agencies, to align financial planning with community health initiatives and funding opportunities.Ensure compliance with state and federal regulations specific to critical access hospitals, including reporting requirements and reimbursement policies.Essential Duties:Direct the timely preparation of all financial statements, including income statements, balance sheets, tax returns, and reports for governmental agencies.Analyze revenue and profit projections against actual performance and budgeted expenses, making recommendations to realign negative results.Identify areas for operational improvement and potential restructuring within the hospital.Ensure transparency and integrity in the organizations financial performance.Collaborate with the CEO to develop strategic long- and short-term operational plans.Ensure compliance with funding agency reporting requirements and USDA debt covenants.Monitor economic trends and regulatory changes to assess their impact on future growth.Oversee fund investments aligned with Board-approved policies and coordinate with investment bankers for capital raising based on strategic plans.Actively manage cash flow through Revenue Cycle Management, addressing denial issues, managed care contracting, and Cost Report preparation to optimize reimbursement.Stay informed about legal issues affecting the hospital and the healthcare industry.Other Responsibilities:Serve as a key member of the Senior Executive Staff.Provide financial and regulatory guidance to the Board and Senior Management.Act as the liaison between Senior Management and the Board Finance Committee.Function as the Treasurer for the Foundation.Manage the organizations day-to-day fiscal operations.Qualifications:10+ years of experience leading financial operations in a critical access hospital or healthcare system, with significant supervisory experience in a CFO role or as a Vice President/Director.Bachelors degree in Accounting or Business Administration; CPA certification and CAH experience are preferred.Proficiency in Microsoft Office and financial reporting software.Exceptional verbal and written communication skills.Proven ability to collaborate with Boards of Directors, bankers, and financing agencies, demonstrating strong leadership within the organization.
About the jobThe Chief Financial Officer (CFO) plays a crucial role in ensuring the financial health and asset protection of the organization. This position serves as a key advisor to the Board of Directors and Senior Management, particularly collaborating with the CEO on financial and operational matters.Key Responsibilities:Oversee Corporate Finance, reimbursement processes (including Medicare Cost Report submissions), accounting, payroll, financial statement preparation, budgeting, managed care contracting, cash management, and materials management.Supervise departments including Accounting, Accounts Payable, Materials Management, Revenue Cycle Management (including Admitting & Registration, Health Information Management, and Patient Financial Services), Human Resources, Managed Care Contracting, and Cash Management.Foster collegial relationships with external auditors and Medicare cost report firms.Financial Leadership:Develop, oversee, and approve operating and capital budgets; authorize new and vacant positions based on productivity metrics while ensuring the integrity of financial reporting.Maximize Medicare and Medicaid reimbursement through effective Cost Report preparation and conduct business analysis as necessary.Critical Access Leadership:Oversee the development and management of cost accounting systems that accurately reflect the unique financial structure of a critical access hospital.Implement financial strategies that enhance the sustainability and operational efficiency of the critical access facility.Collaborate with clinical and operational leaders to align financial goals with patient care objectives and community health needs.Evaluate and advise on capital expenditures and investments that are critical to maintaining and enhancing hospital services in a rural or underserved area.Engage with local stakeholders, including community leaders and health agencies, to align financial planning with community health initiatives and funding opportunities.Ensure compliance with state and federal regulations specific to critical access hospitals, including reporting requirements and reimbursement policies.Essential Duties:Direct the timely preparation of all financial statements, including income statements, balance sheets, tax returns, and reports for governmental agencies.Analyze revenue and profit projections against actual performance and budgeted expenses, making recommendations to realign negative results.Identify areas for operational improvement and potential restructuring within the hospital.Ensure transparency and integrity in the organizations financial performance.Collaborate with the CEO to develop strategic long- and short-term operational plans.Ensure compliance with funding agency reporting requirements and USDA debt covenants.Monitor economic trends and regulatory changes to assess their impact on future growth.Oversee fund investments aligned with Board-approved policies and coordinate with investment bankers for capital raising based on strategic plans.Actively manage cash flow through Revenue Cycle Management, addressing denial issues, managed care contracting, and Cost Report preparation to optimize reimbursement.Stay informed about legal issues affecting the hospital and the healthcare industry.Other Responsibilities:Serve as a key member of the Senior Executive Staff.Provide financial and regulatory guidance to the Board and Senior Management.Act as the liaison between Senior Management and the Board Finance Committee.Function as the Treasurer for the Foundation.Manage the organizations day-to-day fiscal operations.Qualifications:10+ years of experience leading financial operations in a critical access hospital or healthcare system, with significant supervisory experience in a CFO role or as a Vice President/Director.Bachelors degree in Accounting or Business Administration; CPA certification and CAH experience are preferred.Proficiency in Microsoft Office and financial reporting software.Exceptional verbal and written communication skills.Proven ability to collaborate with Boards of Directors, bankers, and financing agencies, demonstrating strong leadership within the organization.