Chief Financial Officer (CFO) - Administration

Company: Powell Valley Healthcare
Location: New York
Posted on: May 3, 2025

Job Description:

At Powell Valley Healthcare, providing quality healthcare to our community is our top priority. We are located in the heart of Powell, Wyoming; just 25 miles outside of Cody. We believe in creating positive and safe environments for both our patients and our staff. Being part of our organization means becoming a cornerstone in the patient experience and their care.Here at PVHC, we offer a wide array of benefits in a way that allows you to choose options and build a package that works best for you. Some of the benefits we offer to our full-time and part-time staff include:

• Health, dental and vision insurance
• Life insurance
• Long term disability coverage
• PTO - New employees accrue the equivalent of up to twenty days of PTO within their first calendar year
• EIB (Extended Illness Bank) - Our version of accrued sick leave
• Paid Holidays
• Tuition Savings Plan
• Opportunities to cash out PTO for personal use, student loan payments, and in-house medical bills
• Tuition reimbursement - up to $5,000 per year
• Fun to be Fit program and Club Dauntless Membership Discount
• HRA - Flex spending accountsPOSITION SUMMARY:Current Opening: One Full-Time positionThe CFO is assigned financial responsibility for the organization. The CFO administers, directs and monitors all organizational financial activities and keeps the hospital CEO and hospital Board of Trustees informed of the financial condition of the facility.ESSENTIAL FUNCTIONS:
  • Strategic Leadership: works with the hospital CEO, hospital board and employees to develop financial goals and objectives for the hospital. Proactively provides sound guidance regarding management of assets, investments and financial trends within the facility. Works with department managers and patient care executives to implement financial plans and productivity benchmarks, and to monitor progress toward financial goals. Evokes respect from the hospital board, peers, medical staff, employees and the community. Is fair and impartial, sets high standards, establishes a clear focus and direction, implements company policies and tackles tough issues. Think strategically, possesses vision, has the ability to adjust to change, to build advantageous coalitions and to foster team spirit in the facility.
  • Financial Responsibility: Displays leadership in financial management from conceptual strategies through recommending policy, executing fiscal procedures for control and effective utilization of physical and financial resources of the hospital. Employs a system of responsible accounting, including budget and internal controls. Maintains a thorough working knowledge of federal, state and managed care reimbursement payment methodologies, including: contractual accounting, payment calculations, billing requirements and compliance issues. Keeps up to date with all federal statutes surrounding participation in the Medicare and Medicaid programs, including, but not limited to: EMTALA, Medicare fraud and abuse issues, Stark legislation, and IRS guidelines pertaining to the operation of not for profit entities. Understands and demonstrates the ability to calculate key financial indicators dealing with profitability, liquidity, debt and operational efficiency. Specific areas of responsibility include: patient financial services; maximizing cash flow consistent with sound credit and collection policies while maintaining good rapport with the community; financial reporting with detailed analysis of financial statements and variances from budget; audits of financial statements and internal controls; examination of insurance policies to ascertain the hospital assets are properly insured against loss and that the hospital's liability coverage meets the governing board requirements; monitors capital assets expenditures and depreciation; prepares annual operating budgets with input and involvement at the departmental level, as well as capital budgets and cash flow projections; arranges lines of credit and maintains proper banking relations; and adheres to hospital compliance standards and procedures.
  • People management: Typically supervises the area of Accounting, Admitting/Registration, Patient Financial Services, Credit and Collection, Purchasing, Health Information Management, Payroll and Cashier. May oversee other departments, as requested by the CEO. In this role, defines roles and responsibilities, motivates and challenges employees. Applies clear, consistent performance standards, handles performance problems decisively and objectively, is direct but tactful and provides guidance and assistance to improve performance. Establishes a formal means of accountability for assigned duties. Promotes a work environment that reflects a positive atmosphere, high employee satisfaction, competence and strong evidence of teamwork. As a member of the administrative leadership team, actively promotes a multi-disciplinary approach to all aspects of healthcare delivery.
  • Board Relations: In conjunction with the hospital CEO prepare financial reports for and attends meetings with the hospital governing body, realizing that the focal point of policy making is the hospital Board of Trustees. Seeks to educate the board on financial matters.
  • Physician Relations: Works to develop an effective working relationship with the medical staff to maintain communication and positive relationships. Actively participates in physician recruitment and retention.
  • Communication: establishes and communicates clear expectations, models, open, clear, consistent communication, and demonstrates effective listening. Keeps the CEO informed of all key financial developments.
  • Customer Service: Understands and values the impact customer service has on positive and productive performance for the hospital. Understand the hospital, Board of Trustees, medical staff, employees and the community at large are our customers and they must be satisfied with our performance.
  • Provides leadership to others through example and sharing of knowledge and skill.
  • Complies with all company policies and procedures, including the corporate compliance program.
  • Other Duties as assigned.KNOWLEDGE, EDUCATION AND EXPERIENCE REQUIRED:
    • Bachelor's degree from a four-year accredited college or university.
    • 10 years of health care management experience.
    • Strong working knowledge and skills in health care accounting functions and processes.
    • Knowledge of HIPAA guidelines
    • Proficient with Microsoft Office software productsSKILLS AND ABILITIES REQUIRED:
      • Detail oriented and accurate
      • Strong interpersonal skills
      • Operation of typical office equipment such as P.C's, printers, terminals, calculator, FAX, copiers.
      • Maintain composure in stressful situations
      • Good note taking skills and proofreading ability
      • Multi-task
      • Read, write, and comprehend instructions, memos and correspondence.
      • Add, subtract, multiply, and divide using whole numbers, common fractions, and decimals.
      • Calculate outcomes; compute rate, ratio, and percentages; and to develop and interpret various graphs.
      • Flexible
      • Good understanding of medical terminology
      • Learn organization specific softwarePHYSICAL DEMANDS/REQUIREMENTS:
        • Regularly lifting or moving objects weighing 10 to 50 pounds
        • Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and depth perception.
        • Reaching, handling, feeling, talking, hearing, stooping, bending, crouching, and working with equipment.
        • Subject to inside and possibly outside weather conditions.
        • The employee is also subject to exposure to blood and body fluids, proximity to moving mechanical parts, electrical shock, exposure to burns and radiant energy, exposure to explosives, exposure to toxic chemicals and biological agents.
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Keywords: Powell Valley Healthcare, Cherry Hill , Chief Financial Officer (CFO) - Administration, Accounting, Auditing , New York, New Jersey