Director of Finance

Description

Step into a meaningful role at Logan Regional Medical Center, a 132-bed facility located in southern West Virginia. Logan Regional is an award-winning, full-service community hospital with a history of innovation, from its one-of-a-kind Rural General Surgery residency program to its collaboration with Marshall Health Network to bring more opportunities for specialty care to the area. Logan Regional has earned the prestigious "A" grade from The Leapfrog Group, inclusion in Becker's listing of Great Community Hospitals, Forbes Inaugural Top Hospitals list, and Best-in-State hospital status from Newsweek/Statista. Consider growing your career at Logan Regional, which offers an ideal combination of high standards of care in a small, caring community.

Job Summary

Assists the CEO in the management of the fiscal services department, including the development, interpretation, coordination, and administration of the hospital's policies on finance, accounting, insurance, financial/accounting systems, internal controls, and auditing. Maintains departmental reports and records and collects statistical data for administrative and regulatory purposes. Coordinates the functions of reimbursements, budget, patient accounting, medical records, admissions and general accounting, which includes general ledger accounting, accounts payable, and cashiering. Prepares report outlining hospital's financial position in all areas of assets, liabilities, income and expense, based on past, present, and planned future operations.

Essential Functions

Leadership

• Participates in planning and creating the hospital's strategic, operational, service design and other organizational plans and policies to achieve the mission and vision of the hospital.
• Assists the CEO to plan and develop departmental budgets, revenue, capital and operational expenses, sufficient number of staff, and any other plans for allocation of fiscal or other resources according to the scope of services provided.
• Develops, designs and provides for a written scope of services, departmental policies and procedures that guide and support the provision and integration of services according to mission and vision of the hospital.
• Directs the coordination and integration of departmental services with other departments and the hospital's primary functions.
• Communicates the hospital's mission, vision, and plans with staff that guides them in their day-to-day activities. Promotes and motivates staff members to implement department and hospital operational, programmatic and other plans.
• Recommends and determines the sufficient number of staff to provide services and defines qualifications, performance expectations and competence of each person.
• Provides for orientation, in-service training, continuing education, annual performance and competency reviews of department personnel to ensure staff is competent to provide services.
• Participates in hospital and departmental performance improvement activities to measure and assess the quality of services provided.
• The Director of Finance provides leadership and direction to all financial departments.
• Financial Administration: Oversee general accounting, patient business services (including third-party reimbursement), and financial and statistical reporting in accordance with established policies and procedures.

Job Specific

• Ensures accuracy and completeness of the hospital's financial statements.
• Coordinates all financial activities for the hospital and manages multiple subordinate department managers who supervise staff members in multiple departments that may include, but is not limited to: Admitting, Business Office, Accounting, Medical Records and Materials Management.
• Training and Performance Monitoring: Train subordinates in relevant areas and monitor their performance to ensure fiscal responsibilities are met.
• Participates in the hospital's long-term and short-term financial process.
• Adheres to all financial policies and procedures as established by the Corporation through its Board of Directors.
• Participates in the development of accounting, admission, credit/collection and internal control policies and systems and addresses related policy/system issues.
• Provides advice and guidance and assists as necessary in preparing and analyzing financial reports/statements in conformance with standard accounting practices and guidelines and executes appropriate responsive actions.
• Participates in the development of an annual budget for the Hospital and monitors the performance of all departments and services in conformance with the budget.
• Assists in evaluating the adequacy of the hospital's insurance coverage and in handling special/sensitive cases or problems and providing advice and guidance as necessary in preparing and analyzing risk management and insurance reports and appropriate executive responsive actions.
• Evaluates data processing needs on an ongoing basis and recommends programs to changing needs.
• Participates in the analysis of the financial implications of proposed capital projects and expenditures and recommends the execution of appropriate measures to respond to projected economic trends and/or regulatory changes.
• Reviews contracts and makes recommendations regarding the viability of the contracted service, the cost of the program/service and general conditions of the contract.
• Provides advice and assistance to department heads and managers in analyzing and interpreting financial data and reports and in presenting that information to their departments and/or physician groups.
• Ensures that accurate information is provided on a timely basis and assists, as needed, in facilitating the efficient conduct of external audits, examinations and related financial projects.
• May assume the administrative responsibilities of the CEO in his/her absence.
• Attends medical staff meetings or committee meetings, as assigned. Informs CEO of meeting proceedings and recommends action, as necessary.
• Represents the hospital by membership in related professional associations.
• Takes Administrative Call as assigned.

Company Specific

• Adheres to dress code, appearance is neat and clean and wears appropriate identification while on duty.
• Completes annual health, safety, and education requirements. Maintains professional growth and development.
• Maintains confidentiality of all patient and/or employee information to assure patient and/or employee rights are protected.
• Demonstrates knowledge of the principles of growth and development over the life span and the skills necessary to provide age appropriate care to the patient population served.
• Reports to work on time as scheduled; adheres to policies regarding notification of absence.
• Attends all mandatory in-services and staff meetings.
• Represents the organization in a positive and professional manner.
• Complies with all organizational policies regarding ethical business practices.
• Communicates the mission, ethics, and goals of the hospital, as well as the focus statement of the department.
• Maintains current licensure/certification for position, if applicable.
• Consistently demonstrates Guest Relation's skills to patients, physicians, visitors, employees, and any other individuals with whom they may come in contact.
• Consistently follows departmental and hospital Health, Safety, Security, Hazardous Materials policies and procedures.

Knowledge/Skills/Abilities/Expectations

• Excellent oral and written communication and interpersonal skills.
• Basic computer skills with working knowledge of Microsoft Office applications, Patient Accounting systems and General Ledger systems.
• Must have thorough knowledge of accounting, finance, reimbursement, budgeting, credit and collection as relates to healthcare.
• Ability to spend a limited amount of time on travel required.

Qualifications

Education

• Bachelor's degree in Accounting or Finance.
• Equivalent combination of education, training, and experience may substitute for education requirements.

Licenses/Certifications

• Licensed Certified Public Accountant preferred.

Experience

• Minimum 3 years' prior management experience in a hospital or healthcare setting.