The University of Kansas Health System - Topeka, KS

posted about 2 months ago

Full-time - Senior
Topeka, KS
10,001+ employees
Hospitals

About the position

The Chief Financial Officer (CFO) at the University of Kansas Health System (UKHS) St. Francis Campus is a pivotal leadership role responsible for overseeing the financial administration of the facility. This includes managing general accounting, data processing, materials management, information systems, and financial reporting. The CFO plays a crucial role in ensuring that internal controls are robust enough to protect the assets of the organization and that the accounting systems are capable of producing accurate and timely financial reports. The position requires a strategic mindset to help create and implement initiatives aimed at building and growing the facility, ensuring its financial health and sustainability. In this role, the CFO will collaborate closely with the Regional CFO and corporate office personnel to align the facility's financial affairs with broader organizational goals. This includes developing operating policies and procedures, conducting product line analyses, and preparing comprehensive financial and management reports. The CFO will also be responsible for administering the facility's annual operating and capital budget, partnering with facility CEOs and other executive team members to prepare the annual business plan. The CFO will monitor the expense structure continuously to identify opportunities for efficiencies and cost reductions, ensuring the facility operates within its financial means while maximizing its potential. Active participation in various boards and community meetings is expected, as is the ability to direct the preparation of financial projections to inform leadership about anticipated performance. Additionally, the CFO will oversee the revenue cycle to maintain consistent cash flow and work with regional partners on managed care negotiations to optimize payer contracts.

Responsibilities

  • Help create and implement initiatives to build and grow the facilities.
  • Analyze financial ideas to ensure the success of future endeavors.
  • Consult with the Regional CFO and Corporate office personnel regarding the facility's financial affairs, goals, and objectives.
  • Develop operating policies and procedures for the facility.
  • Ensure accurate review of product line analysis and consult with facility CEOs and Regional CFO.
  • Prepare financial and management reports and administer the facility's annual operation and capital budget.
  • Partner with facility CEOs and other executive team members on the annual facility business plan.
  • Plan and coordinate functions and activities of assigned departments, evaluating performance and recommending personnel actions.
  • Monitor expense structure to identify opportunities for efficiencies and cost reduction.
  • Participate in Board of Trustees, Joint Venture Board, Medical Staff, and community meetings.
  • Direct preparation of projections to inform leadership of anticipated performance in future periods.
  • Review and maintain a healthy revenue cycle to ensure consistent cash flow.
  • Work with the Region and joint venture partner on managed care negotiations to maximize payer contracts.

Requirements

  • Bachelor's Degree in accounting/finance or related field required.
  • Master's Degree from an accredited college or university in Hospital Administration or related field preferred.
  • Significant experience in financial management within a healthcare setting.
  • Strong understanding of financial reporting, budgeting, and forecasting processes.
  • Proven ability to develop and implement financial strategies that support organizational goals.
  • Excellent analytical and problem-solving skills.

Nice-to-haves

  • Experience with managed care negotiations and payer contracts.
  • Familiarity with healthcare regulations and compliance standards.
  • Strong leadership and team management skills.

Benefits

  • Competitive salary and performance bonuses.
  • Comprehensive health insurance plans.
  • Retirement savings plan with company matching contributions.
  • Paid time off and holidays.
  • Opportunities for professional development and continuing education.
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