Job Description

Overview

Statement of Purpose: Manages and coordinates fiscal affairs; designs and implements systems to identify and control the income and expenditures within the institution; consults with and advises administrative officers regarding methods for generating increased revenues and controlling operational costs in relation to the long-term goals of the organization, the market trends, and the status of the community.

Responsibilities

• Manages the hospital's financial resources.
• Develops, interprets, coordinates, and administers the institution's policies on finance, accounting, insurance, patient billing, internal controls, and auditing.
• Plans, organizes, coordinates, and controls the financial policies for the institution to control the receipt of revenue, expenditure of funds, and conservation of hospital assets.
• Reviews, interprets, analyzes, and communicates financial reports and data to administration and the Board of Directors.
• Establishes a plan of control by means of a formal budget program, providing a standard of measurement so that actual performance can be evaluated.
• Evaluates and recommends changes in the institution's rate structure as appropriate.
• Evaluates the institution's objectives as they relate to third-party reimbursement.
• Invests the organization's excess fund, as available, in approved investments.
• Supervises and coordinates the functions of reimbursement, budget, patient accounting, registration and general accounting, which includes general ledger accounting, accounts payable, and cashiering.
• Select and engage consultants, auditors, and investors.
• Directs and supervises departments as assigned or represented on NCH Organization Chart.
• Participates in the development of the department's operating budget and ensures that operations are maintained within allocated funds.
• Establishes and maintains appropriate records and reports.
• Provides for organization and maintenance of an effective system of accounting and cost determination.
• Continually reviews and modifies cost systems and data collection to assure maximum cost reimbursement for patient services.
• Prepares periodic reports outlining the institution's financial position in all areas of assets, liabilities, income, and expense based on past, present, and planned future operations.
• Prepares and ensures timely filing of federal, state, hospital association, and third-party, and other financial reports as required.
• Provides for current and adequate insurance to protect the institution from liability and other losses.
• Participates in cost impact of personnel policies and programs, such as employee benefit additions or changes, general salary increases, etc.
• Attends required meetings and participates on committees as required.
• Participates in professional activities; maintains professional affiliations to keep abreast of current trends and changes in legislation in the field.

The above statements reflect the general duties considered necessary to describe the principal functions of the job as identified and shall not be considered as a detailed description of all work requirements which may be inherent in the position.

Working Conditions

General office conditions.

Qualifications

Minimum of bachelors degree in accounting (or Finance). Ten years cumulative administrative experience with at least five years in a health care/hospital environment.

Pay Information: $180,000 - $225,000 Annually

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