Chief Financial Officer

The Chief Financial Officer (CFO) provides executive leadership and oversight of the hospital financial operations by developing and maintaining effective accounting and financial management systems to safeguard facility assets, providing a monitoring system to control financial resources, and conducting appropriate financial planning.  This position also serves as the Hospital Compliance Officer.

SUPERVISES:  Accounting Services, Revenue Cycle, Information Systems, Materials Management

ESSENTIAL FUNCTIONS AND RESPONSIBLITIES: 

• Directs the accounting in the accurate and timely maintenance of the general ledger and all related activities including accounts payable and payroll; and monitors accounting to ensure to ascertain that accounting methods and procedures are carried out in accordance with generally accepted financial principles for healthcare facilities.
• Provides valued input and guidance as a member of the Administrative Team (Officers), Operations Team (Directors), Leadership Team (Managers/Supervisor) and other committees and workgroups. Executing action steps to constantly improve operations and the care given.
• Provides management and direction over the fiscal and support areas with proper goal setting, coaching, professional development, and evaluation of the accounting services, revenue cycle, information systems, and material management leaders.
• Oversight responsibility for the preparation of monthly and annual financial statements. Analyzes and interprets monthly financial reports to the CEO, UnityPoint Health-Des Moines CFO, and Hospital Board of Trustees. Chairs the Finance Committee.
• Ensures that adequate internal controls are maintained in order to inhibit the misuse of hospital assets and/or ensure the accuracy and completeness of information.
• Investigates, evaluates, monitors and recommends areas and/or programs where cost containment could be accomplished or enhanced.
• Directs the hospital’s compliance program, and reports to the Board of Trustees as the Chief Compliance Officer, Information (HIPAA) Security Officer, and Identity Theft Prevention Officer. .
• As an Officer of the Hospital acts in appropriate capacity including being an authorized official for Medicare and other payer purposes, Banking purposes, and other similar roles.
• Monitors the status of physical assets of the facility, develops a capital budget and arranges for financing of capital purchases to ensure that a sound and ongoing capital improvement program is maintained.
• Ensures adequate accounting practices are utilized relative to funds donated and that the funds are appropriately expended.
• Directs the formation of the annual operating budget which reflects the goals and/or objectives of the governing board. Assures proper filing of the annual budget with the County Board of Supervisors.
• Annually solicits professional and general and cyber liability, property, builders risk (if applicable), crime, directors and officers, and workers compensation insurance proposals, completes applications, gains Board of Trustees approval, and binds coverage for these risks.
• In conjunction with Revenue Cycle Director recommends to the CEO fee schedules which are appropriate considering government regulations, public relations, reimbursement strategies and the budgeting requirements.
• Coordinates fiscal forecasting activities and procedures within the facility and implements refinements to techniques in use.
• Oversees data and statistical analysis and reporting as directed by CEO.
• Provides oversight to monitor daily cash flow and manages the investment of excess funds in order to maximize the potential use of such funds.
• Develops, implements, and monitors program for investments which will maximize investment return and insure availability of funds for retirement of long-term debt and other restricted purposes.
• Assists the CEO in formulating policies and procedures for fiscal planning and finance.
• Reviews or supervises review of all contracts in accordance with Board of Trustees guidelines on contract review and approval and provides recommendations to CEO from a fiscal and compliance standpoint.
• Makes recommendations regarding hospital involvement in payor networks, and monitors strategies for access to care through inclusion in appropriate payor contracts.
• Oversees the information technology plan and operations.
• Keeps current with all government regulations affecting the facility’s fiscal policies and procedures. Provides assistance as requested in other fiscal matters.
• Promotes understanding and a positive image of hospital, programs, and services to the community.
• Works with auditors in preparation, submission and review of annual audit and hospital cost report.
• Supports and abides by all hospital departmental and safety policies and procedures.
• Collaborates actively with UnityPoint Health-Des Moines to enhance and support continued growth of the relationship with UnityPoint Health and its affiliates in the hospital and the community.
• Consults regularly with UnityPoint Health-Des Moines finance personnel and keeps them informed of hospital fiscal operations and any related issues.  
• Performs other responsibilities as requested by the CEO, including but not limited to, any special data gathering, financial analysis, and/or studies as assigned by the CEO or UnityPoint Health-Des Moines CFO.
• Demonstrates initiative to improve quality and customer service by striving to exceed customer expectations.
• Integrates and demonstrates CORE values and Expectations for Personal and Service Excellence to guide professional behaviors, while adhering to the policies and procedures of UnityPoint Health-Des Moines.
• Balances team and individual responsibilities; be open and objective to other’s views; give and welcome feedback; contribute to positive team goals; and put the success of the team above own interests.
• Practice reflects knowledge of federal/state regulatory agencies guiding healthcare.
• Demonstrates the ability to meet the department work schedule.
• Demonstrates the knowledge that patient and workplace safety is a priority by preventing errors, accidents and infections and reporting potential or actual concerns immediately.

OTHER FUNCTIONS: The following are performed on an as needed basis:

• This position may be assigned a specific mission to address in an emergency situation to assist in disaster response and recovery as part of the UnityPoint Health-Des Moines Hospital Emergency Incident Command System. Situations of a critical nature may require an individual to perform multiple tasks until additional support can be obtained.
• Performs functions other than described due to extenuating circumstances.

QUALIFICATIONS:

EDUCATION:  Bachelor’s degree or masters in finance, accounting, or related disciplines.

EXPERIENCE:  Minimum of five years’ experience in a financial management position.  Knowledge of strategic development, planning, financing and delivery of health care services as normally acquired through a master’s degree in hospital administration, business administration or related degree. 

LICENSES/CERTIFICATIONS:  Preferred CPA currently licensed in Iowa. 

MENTAL/COGNITIVE DEMANDS:

• Must be able to read, speak, and write fluent English.
• Excellent communication and human relations skills, including public speaking and written skills.
• Proven analytical skills and able to exercise good judgment in problem solving; must be capable to doing detailed work with extreme accuracy.
• Ability to meet effectively with physicians, administrators, employees, business and industry leaders, medical personnel and a variety of other hospital constituents.
• Displays leadership qualities and is highly organized.
• Ability to develop and assist in the implementation of new programs and services.
• Ability to function effectively with deadlines, high stress, and new situations.
• Ability to maintain confidentiality of information.