Chief Executive Officer - Physician Practice plans and directs the policies, objectives, and initiatives of one or more physician office sites. Responsible for the short- and long-term profitability and growth of the practice. Being a Chief Executive Officer - Physician Practice approves work procedures and standards for the units and ensures consistent implementation and enforcement. Represents the organization to investors, the industry, and the public. Additionally, Chief Executive Officer - Physician Practice may require a MD. May require State License to Practice Medicine. Typically reports to a board of directors. The Chief Executive Officer - Physician Practice manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head. (Copyright 2024 Salary.com)
The Chief Executive Officer is responsible for all day-to-day operations of the hospital. This position is accountable for planning, organizing, and directing the hospital to ensure quality patient care is provided and the financial integrity of the hospital is maintained. The CEO ensures compliance with applicable laws, regulations, policies, and procedures set forth by the Governing Board and Medical Staff, as well as Joint Commission standards.
The CEO is responsible for creating an environment and culture that enables the hospital to fulfill its mission by meeting or exceeding its goals, conveying the hospital mission to all staff, holding staff accountable for performance, motivating staff to improve performance, recognize and reward performance, and being responsible for the operations behind measurement, assessment, and improvement of hospital performance.
RESPONSIBILITIES AND TASKS
Develops annual strategic plan for hospital and communicates to staff.
Develops annual operating and capital budgets.
Maintains focus on healthcare market to assess demand and advertise hospital services.
o Analyzes market trends.
o Promotes, informs, and advertises hospital and its services to community, potential patients, referral sources and others who are not currently choosing the hospital for services and care.
o Identifies potential new referral sources and markets as applicable.
Actively partakes in lobbying and grassroots efforts for local/national healthcare policy-making.
Monitors and manages day-to-day hospital operations.
Leads hospital in meeting meet financial performance objectives.
o Manages and controls forecasted revenues and expenses for the upcoming budgeting period.
Complies with Sarbanes Oxley Act 404 on financial reporting.
o Manages, maintains, and assesses the effectiveness of an adequate internal controls structure for financial reporting within the hospital.
Organizes, plans, and manages time effectively to complete assignments.
Meets position requirements and performs essential functions.
Completes mandatory training and courses required by completion date.
Qualifications
Minimum Qualifications: