Chief Financial Officer

Surgery Partners - Altoona, WI

Full-time - Executive

Altoona, WI

Ambulatory Health Care Services

About the position

The Chief Financial Officer (CFO) at OakLeaf Surgical Hospital is a pivotal role responsible for the financial strategy, sustainability, and growth of the organization. As a key member of the executive leadership team, the CFO ensures the financial health and stability of the hospital while upholding the highest standards of patient care. This position oversees multiple departments including Accounting, Health Information Management, Admissions, Revenue Cycle, and Supply Chain, and plays a crucial role in aligning financial objectives with the hospital's mission.

Responsibilities

• Develop, implement, and continually refine financial strategies in alignment with organizational goals.
• Collaborate with the executive team to align financial objectives with the hospital's mission and patient care goals.
• Provide accurate financial forecasts to support strategic decision-making and resource allocation.
• Provide recommendations to the CEO and Board of Directors to support informed financial decision making.
• Oversee all financial functions including accounting, budgeting, forecasting, and financial reporting.
• Prepare, analyze, and present timely and accurate financial reports including income statements, balance sheets, and cash flow statements.
• Create and manage the hospital's annual budget, including revenue projections, expense controls, and capital allocation.
• Monitor budget performance, identify variances, and implement corrective actions when necessary.
• Monitor and manage cash flow, investments, treasury, and financial risks.
• Manage compliance with financial regulations and reporting standards.
• Optimize the capital structure of the company to support growth and minimize costs of capital.
• Identify opportunities for cost control and process improvement in various departments across the facility.
• Provide insights and recommendations to executive leadership based on financial analysis and key performance indicators (KPIs).
• Evaluate and prioritize capital investment projects, including surgical equipment upgrades, facility expansion, and technology enhancements.
• Participate in internal and external audits.
• Oversee revenue cycle, including billing and collections to maximize revenue while ensuring compliance with healthcare regulations.
• Oversee health information management, including coding, medical records, transcription, and admissions.
• Direct, administer and manage the operations of assigned departments.
• Manage workflow, establish priorities, and delegate job duties and responsibilities of direct reports.
• Provide performance management directive including annual evaluations, coaching, development, and corrective action to direct reports.

Requirements

• Master's degree in Finance or Accounting required.
• Certified Public Accountant certification required.
• Ten (10) or more years' experience in financial leadership roles within the healthcare industry required, preferably in a surgical or acute care hospital setting.
• Demonstrated proficiency in healthcare-specific financial software and systems used for accounting, financial analysis, and reporting required.
• Demonstrated proficiency in General Accepted Accounting Principles (GAAP) and SOX compliance required.

Nice-to-haves

• Fellow of the Healthcare Financial Management Association preferred.

Benefits

• Comprehensive health, dental, and vision insurance
• Health Savings Account with an employer contribution
• Company paid life insurance
• Free scrubs with laundry service
• Free meals
• PTO
• 401(k) retirement plan with 4% company match
• Tuition reimbursement
• Wellness reimbursement