Fairview Range ยท 1 day ago
Vice President of Finance
Hibbing, MN
Full-time
Onsite
Senior Level
$223K/yr - $314K/yr
5+ years expFairview Range is an affiliate of M Health Fairview, providing a comprehensive healthcare network in northeastern Minnesota. The Vice President of Finance will oversee financial operations, ensuring timely reporting and supporting decision-making while leading financial planning efforts for the organization.
Hospital & Health Care
Responsibilities
Responsible for timely and accurate analysis to support business performance management and decision-making of Fairview Range and Grand Itasca's operations. Assists management teams in making crucial operational and financial decisions
Oversees preparation for ad hoc financial statistical reports necessary to reflect
Overall financial performance and analysis of operating results
Recommends and establishes benchmarks for measuring operating performance and productivity
Monitors operating results against budget and works with GICH and Range leadership team to achieve financial objectives
Manage the timely and accurate preparation of all financial reports and forecast
Prepare financial analysis for projects and contract negotiations as necessary
Provides support to managers and physicians, answering questions they may have regarding financial performance reports. Educates management on how to read budget, payroll and other pertinent financial and operational reports
Responsible for Fairview Range and Grand Itasca's planning functions including development of long- and short-term financial plans. These plans incorporate service demand analysis, resource availability analysis, cost benefit analysis of proposed capital acquisitions, physician development plans and staff expansions
In conjunction with the system-wide planning processes, directs planning process including development and implementation of short and long-range financial plan, annual operating and capital budget and quarterly forecasts
Ensure that significant variances from planned performance are identified and communicated in a timely manner
Participate in special studies related to new facilities, new products and acquisitions, new service lines, new procedures, etc
Effectively engage with system-wide functional experts and process owners
Assess implications of key systems and process functioning as well as potential changes on entity financial future relative to planning, control, accounting and measurement, analysis and decision support, pricing, capital management and supply chain support processes
Interface with revenue cycle functions to ensure that revenue collection is optimized, trends impacting operations are understood and communicated, and operations understands their role in impacting net revenue for GICH and Range
Interface with purchasing and materials management functions to ensure that the procurement of goods and services are in accordance with policies and procedures
Responsible for accurate accounting and measurement of all Fairview Range and Grand Itasca financial data. Monitors adherence to financial policies and procedures and related internal control structure to safeguard assets of the organization
Coordinate financial audits and provide recommendations for procedural improvements. Ensure compliance with local, state, and federal reporting requirements
Ensures there is an adequate system of internal controls that are implemented and consistently followed
Establishes forums and leads processes to ensure that all personnel are familiar with and adhere to applicable financial and business practices policies and procedures
Directs entity involvement in the monthly financial close process, analyzing account balances and collecting relevant statistical information
Qualification
Required
B.S./B.A. in finance, accounting, or business administration
5 years recent experience in a mid to senior level finance position within healthcare
Proven, collaborative leadership with effective communication skills
Ability to work in a participatory manner to develop positive partnering relationships
Preferred
Master's degree
8 years recent experience in a mid to senior level finance position within healthcare
System Financial experience within hospital, clinic, graduate medical education, DME, home care and hospice
Company
Fairview Range
Fairview Range is the most comprehensive health care network in northeastern Minnesota, and includes Fairview Range Medical Center, Fairview Mesaba Clinics (with locations in Hibbing, Nashwauk and Mountain Iron), home care and hospice services.
1001-5000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase