Chief Financial Officer(CFO)

Ahmc Healthcare - Anaheim, CA

Full-time - Executive

Anaheim, CA

Hospitals

About the position

The Chief Financial Officer (CFO) at AHMC Anaheim Regional Medical Center (ARMC) is the highest-level financial executive responsible for overseeing all fiscal functions of the hospital. This role involves developing and administering financial policies, managing budgets, and ensuring compliance with regulatory requirements. The CFO collaborates with senior management to formulate long-range financial goals and plans, ensuring efficient resource utilization to meet organizational needs. The position requires active participation in the hospital's mission and strategic planning, with a focus on enhancing financial performance and supporting patient care.

Responsibilities

• Plans, develops, organizes, implements, directs, and evaluates ARMC's fiscal function and performance.
• Provides timely and accurate analysis of budgets, financial reports, and financial trends to the CEO and the Board of Directors.
• Participates in financial and functional decision-making processes necessary for the successful attainment of the hospital's mission and/or strategic plan.
• Collaborates with the Administrative Team to develop financial goals and objectives for the hospital.
• Provides financial expertise in the planning of new services and the expansion of existing services promoting revenue growth.
• Provides proactive guidance regarding management of assets and financial trends within the facility.
• Collaborates with department directors and patient care executives to implement financial plans and productivity benchmarks.
• Develops financial plans and authorizes operating budgets in accordance with established goals.
• Monitors capital asset expenditures and depreciation; prepares annual operating budgets with departmental input.
• Prepares hospital operating and capital budgets based on past, current, and anticipated expenditures and revenues.
• Directs compilation of data and preparation of financial and operating reports for effective administration of hospital activities.
• Devises and installs new or modified accounting systems to provide complete and accurate records of hospital assets, liabilities, and financial transactions.
• Evaluates accounting and patient accounting procedures for quality control and timely receipt of payment on patient records.
• Keeps up to date with federal and state statutes surrounding participation in government programs.
• Directs the facility's information resources and plans, ensuring optimal data security systems are maintained.
• Develops and implements policies and procedures consistent with the hospital's mission.
• Prepares detailed analyses of financial statements to reflect variances in income, expenditures, and capital asset values.
• Arranges for audits of hospital accounts and prepares required governmental reporting.
• Develops and establishes operating policies consistent with overall objectives and ensures their execution.
• Establishes and communicates clear objectives and goals for all departments under supervision.
• Directs personnel management activities, guiding subordinate directors and managers in staff selection and development.
• Responsible for positive staff morale, absenteeism management, and turnover for areas of responsibility.
• Ensures development of subordinates and succession planning.
• Participates in hospital-wide strategic planning activities.
• Monitors and evaluates new or revised regulatory agency and industry laws, regulations, and standards applicable to assigned areas.
• Maintains compliance with regulations governing hospitals and accrediting bodies.
• Works collaboratively with Human Resources to effectively administer labor proceedings.

Requirements

• Bachelor's degree in a related field is required; Master's in Business Administration or closely related field is required.
• Knowledge of generally accepted Accounting Principles and Managed Care contracting.
• A minimum of five years of progressive administrative experience in an acute care hospital setting overseeing multiple areas.
• Minimum of ten years' experience in the healthcare industry.
• Comprehensive knowledge of regulatory requirements affecting acute care hospitals.
• Experience with accreditation/regulatory activities, performance improvement, core measures, and sentinel events requirements.
• Proven track record of success as a CFO in an acute care hospital setting.
• Five years in an executive-level position required.
• Excellent written/verbal communication and computer skills.
• Experience in budget preparation/operation.