Keck Medical Center Of Usc - Los Angeles, CA
posted about 2 months ago
The Chief Financial Officer (CFO) for Keck Medical Center (KMC) serves as the site finance leader within the Keck Medicine of USC health system, reporting directly to the health system CFO. This role encompasses a wide range of finance functions within a shared service model for the Keck/Norris Hospital. The CFO is responsible for overseeing accounting and financial reporting, operating and capital budgeting, audits and internal controls, cash flow management, purchasing, revenue cycle management, and debt attributed to the Keck/Norris Hospital. Additionally, the CFO plays a crucial role in strategic business planning and managing funds flows from the Keck/Norris Hospital to the School of Medicine. The position also involves decision support, performance benchmarking, and predictive analytics to enhance financial performance and operational efficiency. In collaboration with various departments, the CFO KMC coordinates with the Health System level office of Accounting and Financial Reporting, Revenue Cycle, Supply Chain and Purchasing, Health Information Management, Patient Access/Pre-Arrival, Government Reimbursement, and Financial Planning and Analytics. This coordination ensures adequate service to KMC and shared managerial oversight of the system office staff assigned to KMC operations. The CFO will provide strategic financial partnership to the CEO of KMC, guiding the executive leadership team in financial direction and leading the development of the annual capital and operating budget process. The CFO KMC will also participate in system-level committees and strategic initiatives, working closely with the CFO of USC Care and other system leaders to manage and review the funds flow process with the Keck School of Medicine. Essential duties include managing the daily activities of the Associate Administrator of KMC Finance and associated financial analysts, serving as staff to the Keck Hospital Governing Board for financial matters, and overseeing the staff of USCHS Central Accounting and Finance, Revenue Cycle, Purchasing & Supply, Decision Support, and Business Planning staff assigned to the Keck Medical Center. The CFO is expected to build collaborative relationships with the University and Keck School of Medicine regarding accounting and finance issues, establish a succession plan for the CFO function, and conduct professional development of direct reporting personnel. This role also requires active participation in hospital and Health System business and strategic planning, including cost allocations among hospitals and clinical operations, capital planning, and long-term financial plans. The CFO will oversee system-wide functions such as general ledger management, external and internal audits, monthly financial close processes, accounting-related policies and procedures, and accounts receivable/net revenue valuation. Other duties may be assigned as necessary.