Margaret Mary Health · 13 hours ago
CFO
Batesville, IN 47006, USA
Full-time
Onsite
Director/Executive
7+ years expMargaret Mary Health is seeking a Chief Financial Officer/Vice President, Financial Services to join their Senior Leadership Team. This role is responsible for overall leadership in accounting and financial management, overseeing financial operations, strategic planning, and compliance within the organization.
Health CareHospitalMedicalOncology
Responsibilities
Responsible for organizing, directing & controlling the financial affairs of the organization. As such, the CFO/VP will provide timely, accurate reports to management & the Board of Directors; ensure that adequate accounting systems exist; establish & maintain appropriate policies & procedures; coordinate compliance with all regulatory requirements related to finance, help direct and ensure robust financial analysis around all key organizational business decisions
Manage receipt of revenues, expenditure of funds & conservation of assets
Analyze operating data & financial reports to monitor performance, identifying trends & determining needs for new control systems
Develop an annual operating & capital budget process
Oversee long‑term capital planning, facilities financial modeling and major capital project evaluation, ensuring alignment with strategic growth initiatives
Responsible for the treasury function, including cash management, securing operating & capital funds, & investment of surplus funds
Determine that the assets of the hospital are properly & adequately insured
Manage all aspects of the outsourced delivery of revenue cycle services‑ including review & evaluation of accounts receivable reporting for determination of adequate reserves & allowance policies & procedures
Provide financial leadership for payer strategy, including risk‑based contracts, bundled payments, shared‑savings programs and evaluation of new reimbursement models
Negotiates all third‑party payer agreements for the organization
Responsible for all Real & Personal property tax filings, including the necessary filings to claim any new properties as exempt
Responsible for all Community Benefit calculations and reporting, including INDOH reporting requirements of annual fiscal reports
Provides the reporting to administer the TCH Cardiac Joint Venture
Assist the President/CEO in implementing Margaret Mary Health’s strategic objectives
Continuously explore opportunities to enhance the hospital’s financial position & strengthen appropriate organizational growth & development
Help to set the tone for financial discipline & the importance of financial balance to achieve the mission & vision
Serve as the financial leader for partnerships, affiliations and physician alignment strategies, including due diligence and pro‑forma development
Build succession plans, oversee talent development for the finance team, and ensure financial literacy training for organizational leaders
Prepare, analyze, & present monthly financial & statistical reports to the Board of Directors &/or Finance Committee, and any other group as requested
Coordinate the annual financial audit, cost report & tax filings
Review & evaluate all third‑party audit reports & resolve any concerns or problems that have arisen
Responsible for ensuring the assigned departments’ compliance with all accreditation requirements, The Joint Commission, Indiana Department of Health, & local, state & federal licensing & operating requirements
Provide leadership for organizational risk management, including identification of financial and operational risks, mitigation strategies, and alignment with Board‑level risk priorities
Manages the insurance portfolio for the organization, including all lines of coverage and captive products
In collaboration with IT leadership, lead financial systems modernization, including EHR‑financial integrations, automation, data governance and analytics capabilities to support operational and clinical decision making
Ensure appropriate financial controls and cybersecurity safeguards
Oversee the assigned directors & department managers’ development & maintenance of an ongoing, systematic performance improvement process ensuring standards & monitoring mechanisms are in place to identify deficiencies or areas for improvement
Manages the relationship with any third‑party bio‑medical service provider, ie Trimedx, Renovo, etc
Manages the BTD employee clinic relationship
The CFO/VP is expected to serve on committees, as deemed appropriate to the position, & participate in community service events
Ensure that communication is effective & timely
Foster critical thinking & effective change management
Hold self & others accountable for exhibiting professional behavior & demonstrating organizational values
Promote positive relationships with patients, visitors, providers & fellow team members
Must embrace & support the 'Margaret Mary Way' culture
Qualification
Required
Bachelor's degree in accounting or finance required
Excellent written, oral & interpersonal skills necessary for effective communication
Knowledge of performance improvement. Must be a proven team player
Must be self-motivated & have a proven track record of developing & motivating team members
Ability to operate standard office machines to include telephone, computer, & calculator. Has knowledge of clinical equipment & supplies
Proven skills in cost analysis, forecasting & financial modeling is required
Understanding of the reimbursement impact of shifting from volume to value-based care
Preferred
CPA, CMA, master's degree in accounting, Finance or related field is highly preferred
Minimum of 7-10 years of progressive accounting, finance & management experience in a hospital or healthcare organization is strongly preferred
Strong operational accounting/financial leadership experience is preferred, ideally to include patient financial services & revenue cycle analysis
Proven experience with Lean or other process improvement initiatives is highly preferred
Experience with third party payor contracting and negotiation is beneficial
Company
Margaret Mary Health
Margaret Mary Health dedicates to offers inpatient and outpatient services including rehabilitation, hospice and oncology services.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$0.01MKey Investors
Ripley County Community Foundation
2023-08-21Grant· $0.01M
Leadership Team
Liz Leising
President & Chief Executive Officer
Craig Gilliland
CFO/VP of Financial Services
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