Tennova Healthcare- Newport Medical Center · 1 month ago
Chief Financial Officer - Newport, TN
Newport, TN
Full-time
Hybrid
Director/Executive
8+ years expTennova Healthcare- Newport Medical Center is seeking a Chief Financial Officer (CFO) to provide financial leadership and decision-making to support the hospital's mission and strategic objectives. The CFO will oversee financial operations, manage risks, and collaborate with various departments to optimize financial performance.
Health CareHospitalMedicalOncology
Responsibilities
Provides financial leadership to hospital staff and management to support, create ownership, and encourage decisions that positively impact the hospital’s financial performance
Develops and implements strategies for revenue growth and margin improvement to meet financial goals
Participates in state and federal funding initiatives to improve overall reimbursement for the facility and providers
Analyzes costs, operations, and forecast data on service lines in collaboration with senior leadership colleagues to monitor progress in meeting financial targets
Develops and enforces financial policies and procedures, short- and long-range goals, objectives, and plans
Manages costs by identifying opportunities for cost reduction and taking actions to eliminate non-value costs in partnership with other senior leadership colleagues
Ensures the hospital meets financial regulatory and compliance guidelines, maintaining adherence to all applicable standards
Works closely with providers and local team members to monitor quality metrics and align them with financial objectives
Oversees the accuracy of General Ledger entries and ensures the timely reconciliation of all bank accounts to the General Ledger
Monitors hospital cash receipts and disbursements for accuracy and adherence to internal control procedures
Prepares and presents timely and accurate monthly departmental operating reports to hospital staff and senior leadership
Prepares monthly exhibits for the accurate presentation of all third-party reimbursement contractual allowances
Performs other duties as assigned
Maintains regular and reliable attendance
Complies with all policies and standards
Qualification
Required
Bachelor's Degree in Accounting or Business related field
8-10 years of progressive experience in healthcare financial management
5-7 years of experience in a senior financial leadership role within a hospital or healthcare system
Comprehensive knowledge of healthcare financial operations, revenue cycle management, and reimbursement methodologies
Strong analytical and problem-solving skills to interpret complex financial data and drive strategic decisions
Excellent communication and interpersonal skills for effective collaboration with multidisciplinary teams and external stakeholders
Leadership and team-building skills to inspire and guide staff toward achieving organizational goals
Proficiency in financial systems, budgeting software, and enterprise resource planning (ERP) tools
Commitment to regulatory compliance and maintaining high ethical standards
Ability to manage multiple priorities in a fast-paced healthcare environment
Preferred
Master's Degree in Accounting, Business Administrations, or Healthcare Administration
1-3 years of recent acute care hospital CFO experience in a proprietary health system
Certified Public Accountant (CPA)
Certified Healthcare Financial Professional (CHFP)
Company
Tennova Healthcare- Newport Medical Center
Newport Medical Center is a true community hospital, serving the residents of Cocke County and surrounding areas.
501-1000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase