Chief Operating Officer leads the planning and development of an organization's operational objectives and initiatives. Develops strategies and oversees the execution of plans to attain short- and long-term financial and mission-critical operational goals. Being a Chief Operating Officer directs the development of the organization's functional capacity that will produce sustainable growth and minimize risk. Develops operating budgets. Additionally, Chief Operating Officer establishes effective operational policies and procedures. Typically requires a master's degree. Typically reports to Chief Executive Officer (CEO). Responsible for the development of functional or business unit strategy for the entire organization. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals. (Copyright 2024 Salary.com)
Essential functions:
Manage one or more departments efficiently and effectively to maximize cost effective quality of services. Manage and implement programs to ensure all employees are committed to quality and service. Actively participate in strategic planning and corresponding development activities including regulatory preparedness and quality improvement. In CEO's absence, operate the facility within that capacity. Assists the CEO in collaborative efforts related to the development, communication and implementation of effective strategies and processes. Provide staff management to including hiring development, training, performance management and communication to ensure effective and efficient department operation. Assist with budgets and spending to ensure departments operate within funding limits. Evaluate operations processes by analyzing business objectives and patient needs.
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