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Hospital (CFO) Chief Financial Officer
Hospital (CFO) Chief Financial OfficerFlorida Medical Center • Fort Lauderdale, FL, US
Hospital (CFO) Chief Financial Officer

Hospital (CFO) Chief Financial Officer

Florida Medical Center • Fort Lauderdale, FL, US
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Job Description

Job Description

WE ARE FLORIDA MEDICAL!

Our 459-bed acute care hospital has made excellence in delivering healthcare a priority, and it shows :

  • We are home to the Heart Institute of Florida, where our doctors have worked on the leading edge of cardiac care for more than 40 years.
  • We are part of the Advanced Neuroscience Network, leading the way in brain and spinal care in Florida.
  • We have a comprehensive stroke center that offers fast, effective stroke care for a strong recovery.

At Florida Medical Center, we are committed to delivering the highest quality care possible to each of our patients. We strive to help patients achieve better outcomes, quicker recovery times, shorter hospital stays and ultimately, better health. As a result of our efforts, Florida Medical Center has received numerous prestigious awards and accolades from trusted organizations including the Florida Agency for Health Care Administration (AHCA) and the American Heart / Stroke Association.

WHAT WE OFFER

  • Essential / stable and growing company with many opportunities for training and advancement within the medical field that all employees and team members (including Full-Time and Part-Time) can benefit from.
  • Hourly pay is negotiable based on experience. We offer competitive market pay and opportunities for bonus depending on great work performance
  • Comprehensive Employee Benefits : Full and Part Time employees are eligible for various plans for medical, dental, and vision insurance.

    • POSITION SUMMARY :

    The Hospital CFO is both accountable and responsible for all aspects of the revenue cycle and the hospital financial management for the assigned hospital(s). The position reports to the Regional Chief Revenue Officer / Chief Financial Officer with an additional reporting relationship to the assigned local Hospital(s) President.

    KEY RESPONSIBILITES :

    The hospital CRO / CFO is accountable for ensuring all aspects of a fully optimized revenue cycle operation within the hospital setting including an advisory role to ensure financial statements are accurate and explained. The role is accountable for meeting Steward "Key Financial Metrics," and working to appropriately address metric variances.

  • Accountable for overall revenue cycle, revenue integrity / quality, and ensuring all billing compliance and government regulations are followed.
  • Accountable for appropriate and accurate daily charge capture by department, daily department revenue reconciliations, fixing rejected charges, and minimizing late charges.
  • Accountable for oversight of denial management including edit worklists, root cause analysis, recommendations for process / system enhancements, and overall coaching and leading staff.
  • To advise and collaborate with centralized financial reporting to explain variances and determine mitigating actions.
  • The role oversees and is responsible for leading internal hospital departments and ensuring staffing levels are optimized across revenue cycle and may include Patient Access (Registration, Patient Financial Services, Referrals and Authorizations), Care Management (CM), Health Information Services (HIM) and Coding, Clinical Documentation Excellence (CDE), Revenue Integrity (RI) and Charging, Payer Auditing, Local Finance, and other areas as assigned.

    • REQUIRED KNOWLEDGE and SKILLS :

  • Extensive experience in revenue cycle operations and payer reimbursement knowledge.
  • Requires analytic and technical skills, including a strong foundation of denial root cause analysis, escalating and presenting key revenue cycle issues, and proposing options to implement change.
  • Financial statement and balance sheet knowledge.
  • Organizational skills to manage multiple projects through effective planning and time management.
  • Knowledge of Electronic Health Record and overall revenue cycle systems, Meditech experience helpful.
  • Sound verbal and written communication skills; outstanding interpersonal skills; ability to relate positively with hospital operations and Executive Leadership Team.
  • Leadership skills and ability to implement change and ensure standardization and consistency.
  • Align with corporate policies and procedures.
  • Compliance and government regulations including but not limited to HIPPA, EMTALA, CMS.
  • Participates in projects and attends other team meetings as assigned.
  • Creative, flexible, and self-motivated with sound judgment; ability to plan and implement.
  • Commitment to service excellence.

    • EDUCATION and EXPERIENCE :

  • Education : Bachelor's degree in relevant filed required, Master's preferred.
  • Experience (Type & Length) : Minimum of ten years' experience in healthcare, with significant experience in hospital revenue cycle functions.
  • Hardware / Software : Meditech, MS Office (Excel, Word, PPT), Access, SQL, and / or other query / analytic tools.
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