Chief Financial Officer, East Orange General Hospital (A)
Company: Prospect Medical Holdings Inc.
Location: East Orange
Posted on: February 25, 2021
Title: Chief Financial Officer, East Orange General Hospital
Seated: East Orange, New Jersey
Reporting to: Chief Financial Officer, East Region Position
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
- 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 &
- Review and approves all contracts entered into by the
- 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
- 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.
- 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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