Chief Financial Officer - MemorialCare : Job Details

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Talent Acquisition | MBA Candidate at USC

The Opportunity

MemorialCare seeks a collaborative, strategic, and dynamic finance executive to serve as the Long Beach campus medical center's next Chief Financial Officer (CFO). This is an exciting opportunity to join a leading tertiary, teaching, Magnet designated medical center with national recognition for a number of clinical service lines. The CFO will provide senior financial oversight and direction to the Medical Centers through maintenance of internal controls and reporting systems which provide accurate and timely financial information to management for decision making. In conjunction with leadership team, actively participate in strategic direction of facilities through incorporation of market analysis, managed care initiatives, and trends in healthcare to allow for successful attainment of mission and fulfillment of vision. Implements and ensures compliance with MHS system wide financial standards, policies, and procedures.

KEY RESPONSIBILITIES

• Serves as key operations leader for the LBC. Oversees all operational aspects of the inpatient and outpatient programs and services. Demonstrates integrity, strives for excellence in her/his work, and has experience of leading others to new levels of effectiveness and programmatic impact.

Strategic:

• Facilitates campus strategic planning using MHS and campus financial plan, key managed care information/initiatives, decision support analyses and updates in government reimbursement.
• Assists with design and direction of system wide standard operational/performance reports.
• Directs use of standard reports and benchmarking tools to facilitate campus operational improvement, decision making and performance in accordance with the operating budget and the strategic and financial plans.
• Develops and designs fiscal objectives for campus in harmony with MHS fiscal objectives.
• Attracts, develops, and retains strong customer focused management team for all areas within Finance Division.
• Develops ongoing expansion of information technology within the finance function, including automation.

Operations:

• In concert with system patient financial services functions, through management of business functions of hospital, including patient registration, and medical records, ensure adequate performance and compliance in revenue cycle to maximize cash flow of organization.
• In concert with system supply chain services and through management of hospital materials management, ensure key controls and reporting are in place that ensure efficient utilization of resources, while maintaining commitment to service delivery for operations.
• Through management of accounting/finance department and in concert with MHS finance, and MHS Reimbursement, maintain internal controls that allow for accurate and timely reporting of financial results of hospital and foundation in an efficient and cost-effective manner
• Leads and directs development and preparation of campus 5 year operating and 10-year capital financial plans and annual operating and capital budgets.
• Provides and effectively communicates regular reports to LBMMC Finance Committee and Board of Directors summarizing financial performance, strategy, budgets, and other initiatives.
• Keeps supervisor informed of significant problems that jeopardize the achievement of objectives.

IDEAL EXPERIENCE

• 7 years prior financial management experience and demonstrated success in financial operations in a healthcare setting.
• Demonstrated experience in effective problem solving and uses good judgment and demonstrates sound analytical skills
• Proven ability to manage and motivate an effective team and staff at all levels
• Ability to meet tight deadlines and perform effectively during changing priorities
• In depth knowledge of managed care and capitation reimbursement concepts, understanding of government reimbursement and regulations including State DSH funding, CCS funding and HQAF.
• Working knowledge of reserve methodologies for contractual allowances, and actuarial methods for Outside Medical expenses, and self-insured reserves
• Understanding of cost accounting methodologies and decision support analytical tools
• Understanding of business office functions and cash flow implications.
• Understanding of supply chain functions
• Understanding of care coordination and case management functions
• Working knowledge of non-profit accounting and FASB accounting rules.
• Bachelors degree in Health Administration, Finance, Accounting, or related field
• MBA, CPA, or equivalent experience preferred
• Experience within a multi-site, matrixed integrated system is preferred.
• CA local market knowledge and experience preferred.

PERSONAL CHARACTERISTICS

• High visibility throughout the organization with an approachable, personable, charismatic, sincere, and optimistic demeanor.
• A detail-oriented leader with a project management mindset; the ability to see the big picture and think strategically combined with a deep understanding of the day-to-day operations.
• Honest, has integrity, and ensures accountability for themselves and others.
• Continuous learner and lets their curiosity and courageousness drive them to creative and innovative solutions.
• Strategic thinker and executor, taking calculated risks and making difficult decisions to move the organization forward.
• Navigate and influence in a highly complex, matrixed organization, utilizing the right resources at the right time to get results, particularly during times of change and ambiguity.
• Strong business and financial acumen, who understands healthcare economics, performance, and quality metrics, and can identify disruptive market forces and seize opportunities.
• Strong communicator with high emotional intelligence, which builds relationships and trust and collaborates with all stakeholders.
• Understands their role as a Talent Steward and has a successful track record of developing, coaching, and growing their team.
• A sense of humor and positive attitude.

Please email me directly at [email protected] if you're interested or have any questions about the role.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Management

• Industries

  Hospitals and Health Care

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