Executive Director, Finance and Revenue - West Hyannisport - Cape Cod Hospital

Description

PURPOSE OF POSITION:

Manage the general accounting functions relating to Revenue & Reimbursement, and internal and external reporting for HCI and the Hospitals.

PRIMARY DUTIES AND RESPONSIBILITIES:

• Assist the Controller and CFO in directing the accounting and financial reporting function of CCHC
• Coordinate and oversee the management of general accounting functions and financial reporting in accordance with GAAP and direct the preparation and distribution of timely and accurate operating and financial reports required within and outside the organization.
• Maintain data accuracy and integrity for all assigned entities, the Hospitals, and HCI.
• Promote the concept of cooperation and develop lines of communication with persons both inside and outside the healthcare system.
• Select and hire professional level staff and provide training. Evaluate and initiate appropriate personnel activities.
• Evaluate existing procedures in order to to ensure that the department is operating efficiently and effectively.
• Oversee preparation and review of all internal and external reporting.
• Work in conjunction with the outside auditing firm and affiliates to ensure a successful year-end audit.
• Maintain accounting for CHICO financial results into the Consolidated Financial statements.
• Participate in and oversee the preparation of cost reports, external regulatory reporting, intermediary reviews/audits and appeals at entity level.
• Conduct net patient service revenue accounting, including the monthly preparation of balance sheets and income statement models for reserves and deduction entries at the entity level. Develop and maintain appropriate reporting of such models.
• Maintain competency in reimbursement by keeping knowledge of current developments at state and federal level through continuing education and interpret and estimate projected financial impact of changes in regulations on net patient service revenue.
• Coordinate with appropriate departments to complete revenue related requests to support the annual external audit. Maintain comprehensive policies, procedures, and documentation to validate the existence and accurate of all revenue related estimations.
• Coordinate with appropriate Finance and Operational departments to prepare net revenue budget for all entities.
• Performs or assists with profitability studies, rate optimization and strategic pricing, revenue volume and cost projections, financial feasibility studies, trend analysis and other reimbursement or revenue related reporting/analyses.
• Function as a financial services management consultant to senior management, department heads, and supervisors as they plan, implement, and maintain financial systems for their functional areas of responsibility.
• Develop departmental policies and procedures to facilitate internal and external operations.
• Reconciles various receivables, reserves, and revenue accounts to the general ledger.
• Prepares reconciliations, schedules and other materials for auditors.
• Prepares monthly accounts receivable and revenue calculations.
• Prepares revenue projections for annual budget and develops financial statement projections throughout the year as needed.
• Displays good leadership, decision and problem-solving ability, strong organizational, interpersonal and communication skills, and computer skills
• Serve on hospital committees and task forces as directed.
• Keep informed on the latest development in the healthcare field through study, reading and appropriate attendance at meetings, workshops and seminars. Perform other work related duties as required or assigned.
• Perform other work-related duties as assigned or requested

EDUCATION/EXPERIENCE/TRAINING:

• Bachelors degree in Accounting; CPA and/or Masters in Business Administration (MBA) preferred
• Experience in GAAP accounting, reimbursement, cost-reporting, net revenue modeling and accounting;
• 7-10 years related experience, preferably in an acute care hospital/healthcare organization
• Experience with relational databases and large ERP systems experience with PeopleSoft highly desirable;
• Advance proficiency with MS Office applications and related accounting and finance software programs;
• History of goal-oriented achievement and project management experience;
• Previous experience supervising staff with the ability to coach, motivate and engage employees in a finance function;
• Excellent analytical and communication skills with the ability to convey complex information clearly and concisely to all levels of management
• Strong organizational and time management skills, with the ability to meet deadlines and deliver outcomes in a fast-paced, busy environment
• Ability to use sound judgment to effectively solve problems within the scope of the position
• Ability to respond to inquiries and requests from financial institutions and auditors.
• Strong analytical, organizational, communication and interpersonal skills.
• Demonstrates goal-oriented thinking, leadership ability, and strong interpersonal, operational and organizational skills.
• Excellent communication skills, including listening, writing, and relationship development.