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Chief Financial Officer, East Orange General Hospital (A)

Company: Prospect Medical Holdings Inc.
Location: East Orange
Posted on: February 25, 2021

Job Description:

Title: Chief Financial Officer, East Orange General Hospital
Seated: East Orange, New Jersey
Reporting to: Chief Financial Officer, East Region Position Summary
The Chief Financial Officer (CFO) serves as a member of the senior administrative team and provides financial expertise and decision support through analysis, budget development, and strategic planning. The CFO also supports the President/CEO in financial matters related to government relations. The Chief Financial Officer provides financial leadership to the areas of financial reporting, managed care contracting, revenue cycle, and budgeting, as well as treasury functions, including capital planning and taxes. The Chief Financial Officer communicates the strategic financial direction for the system to other senior executives within the organization, the Board, and appropriate external parties including the capital markets. The CFO can coordinate several significant activities at one time. Position
Under the administrative direction of the Chief Financial Officer, East Region and Chief Executive Officer of East Orange General Hospital, the CFO will have primary accountability for generating insights and creating transparency into historical, current, and forecasted financial performance, including ensuring that processes are in place to monitor and achieve the hospital's EBITDA and growth targets, and processes for financial accountability. The CFO is responsible for the oversight of financial reporting for the company, ensuring the integrity of the general ledger, accounts payable, and payroll functions. This role is also an interactive role with Finance Operations which has oversight and responsibility for productivity management, revenue cycle, and materials management. The successful candidate will have significant e experience in financial reporting in addition to some experience in directly managing the revenue cycle, expenses, and managing and monitoring staffing and labor costs for a hospital or healthcare system. Responsibilities

  • Managerial responsibilities for general accounting, budgeting, government reimbursement including supplemental government programs such as DSH and QAF.
  • Accurate timely financial reporting & the safeguarding of assets for the hospitals and organization. Participates as a member of executive management in the planning & execution of strategic & tactical initiatives.
  • Review and approves all contracts entered into by the company.
  • Monitors all financial agreements entered into by the company with various financing companies. Maintains compliance with restrictive covenants of the financing documents and informs the Chief Executive Officer/Corporate when those covenants cannot be maintained.
  • Maintains the records of the company in accordance with Generally Accepted Accounting Principles and prepares periodic financial reports for the Chief Executive Officer, Corporate, and other members of management.
  • Communicates the financial performance of the organization to the management team of the hospital as well as Corporate on a monthly and quarterly basis.
  • Ensure that all regulatory filings (CMS, IRS, TDH, etc.) are completed and filed in a timely fashion in coordination with Corporate Government Programs.
  • Reviews and maintains oversight of the accounts payable/payroll and treasury functions for the region; maintaining cash projections weekly to ensure the financial viability of the company.
  • Knowledgeable and keeps current with reimbursement changes and the potential impact on hospital operating performance.
  • Strong for-profit CFO experience and accounting background, financial statement expertise, and strong revenue cycle experience. Minimum Qualifications
    • Bachelor's Degree
    • 8+ Years of Hospital Management Experience
    • Experience in leadership with strong interpersonal skills and a proven track record of success with financial reporting and hospital operational financial management. Preferred Qualifications
      • Master's Degree
      • 10+ years of experience with a large health system

Keywords: Prospect Medical Holdings Inc., East Orange , Chief Financial Officer, East Orange General Hospital (A), Executive , East Orange, New Jersey

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