Krmc Chief Financial Officer

GENERAL SUMMARY: Responsible for the planning, provision, and allocation of functional resources necessary to carry out the day-to-day operations of the Finance Division.# Establishes appropriate performance standards, qualifications and expectations.# Responsible for the proper planning and allocation of resources under their control to include the preparation and monitoring of the annual operating budget and objectives consistent with Kearney Regional Medical Center#s (KRMC) strategic plan.# All duties are performed consistent with KRMC#s standards and behaviors.

PRINCIPAL JOB FUNCTIONS:

*Commits to the KRMC mission, vision, values and goals and consistently demonstrates our core values.# *Oversees formulations of division goals and objectives, plans and programs in alignment with the overall Medical Center goals and objectives, plans and programs; ensures plans and programs are properly executed and an effective feedback process is utilized which communicates the overall condition and trends in each area and all important activities affecting them.

*Oversees performance standards/metrics for each of the departments within the division and evaluates the performance against the standards; coaches and assists the managers in improving their planning and performance.

*Ensures consistent leadership among division managers and ensures unification within the division.# Promotes effective communication, collaboration, quality and efficiency between departments and managers within and outside the division.

*Provides leadership and oversight in service line growth and development in each department of the division.

*Oversees the departmental budgetary procedure to ensure proper operational and capital planning; appropriate and efficient use of resources; and consistent compliance to budgetary and fiscal controls.

*Responsible for hiring, training, supervising, coaching, mentoring, retaining and evaluating managers including professional development of the division managers.

*Performs Evidence Based Leadership Practices including; LEM goals, 90 day action plans, staff development, LDI participation and linkage grid assignment completion, utilizing the department meeting model, reward and recognition programs, thank you notes, performance evaluations and H/M/L conversations, and rounding on team members.

*Responsible for overall physician satisfaction results in the Finance division.# Works with and through others to get positive organizational results.

*Responsible for the overall employee satisfaction results of the Finance division.# Works with and through others to get positive organizational results.

*Responsible for the overall patient satisfaction results of the Finance division.# Works with and through others to get positive organizational results.

*Understands the accounting and financial reporting regulations related to all governmental programs.

*Identifies appropriate internal controls for department and provides mechanisms to monitor and enforce compliance and coordinates the annual audit, cost report preparation, and 990 preparation wit outside auditing firm as needed.

*Evaluates the clinic financial statements and operations (including physicians# productivity reports and physicians# employment contract) and prepares appropriate analysis.

*Works with Corporate Accounting to develop and maintain the accounting system used in evaluating department costs and profitability and provides information as needed to make managerial decisions.

*Compiles information and performs comparative analysis to other hospitals and clinics; determines benchmarks to be used in evaluating processes and productivity throughout KRMC. *Assists management in managing both productivity and volumes by providing summary and detailed statistical reports showing resource consumption and unit costs.

*Evaluates the financial feasibility of new or existing services and programs; accesses a wide variety of data bases and reports to prepare analytical reports and special studies.

*Evaluates and manages KRMC#s payer contractuals and advises the President and Board of Directors on material changes in contractual estimates or issues as needed.

*Works with Corporate Accounting to ensure the format and structure of KRMC#s financial statements meet Bryan Health#s financial statements# formatting requirements.

*Guarantees accurate and timely preparation of monthly financials for distribution to President, management of KRMC, Bryan Health, and KRMC Board of Directors.

*Develops a relationship with KRMC#s and Bryan Health#s auditing firms and ensures that our annual audits are performed appropriately and timely.# Seeks to ensure our audit has no controllable adjustments entries.

*Leads measurement activities for the Journey to Excellence including LEM, patient satisfaction survey, BSC, etc.

*Grasps the concepts of the budgeting process and prepares both operating and capital budgets, including a statistical budget.

*Works with Corporate Accounting, as well as KRMC leadership to develop comprehensive and realistic annual budgets that reflect departmental needs based on external and internal data.

Demonstrates competency in Medicare, Medicaid and other third party insurance company billing requirements. Maintains professional growth and development through seminars, workshops, and professional affiliations to keep abreast of latest trends in field of expertise. Participates in and/or leads meetings, committees, strategic planning and lean projects as assigned. Performs other related projects and duties as assigned. (Essential Job functions are marked with an asterisk ##. Refer to the Job Description Guide for the definition of essential and non-essential job functions.) Attach Addendum for positions with slightly different roles or work-specific differences as needed. # REQUIRED KNOWLEDGE, SKILLS AND ABILITIES: Knowledge of organizational and human resource management standards and practices. Knowledge of ongoing healthcare trends. Knowledge of performance improvement, budgetary and financial methods and practices. Knowledge of computer hardware equipment and software applications relevant to work functions. Knowledge of management and leadership principles and practices. Skill in conflict diffusion and resolution. Ability to communicate effectively both verbally and in writing. Ability to perform crucial conversations with desired outcomes. Ability to make operational and management decisions in response to changing conditions. Ability to establish and maintain effective working relationships with all levels of personnel and medical staff. Ability to develop written policies and procedures, memoranda and performance evaluations with measurable behaviors. Ability to problem solve and engage independent critical thinking skills. Ability to maintain confidentiality relevant to sensitive information. Ability utilize a proactive approach in leading and communicating the financial picture of the organization. Ability to educate managers and help them understand the importance of monitoring the financial side of their areas including labor. Ability to communicate and establish rapport with department managers. Ability to maintain regular and punctual attendance.

EDUCATION AND EXPERIENCE:

Bachelor#s degree in Business Administration, Accounting or equivalent experience required.# Minimum of five (5) years progressively responsible work experience providing all aspects of accounting and budgeting functions required.# Prior management experience preferred. # OTHER CREDENTIALS / CERTIFICATIONS: Certified Public Accountant (CPA) certification preferred.# # PHYSICAL REQUIREMENTS: (Physical Requirements are based on federal criteria and assigned by Human Resources upon review of the Principal Job Functions.) (DOT) Characterized as sedentary work requiring exertion up to 10 pounds of force occasionally and/or a negligible amount of force frequently to lift, carry, push, pull, or otherwise move objects.

GENERAL SUMMARY:

Responsible for the planning, provision, and allocation of functional resources necessary to carry out the day-to-day operations of the Finance Division. Establishes appropriate performance standards, qualifications and expectations. Responsible for the proper planning and allocation of resources under their control to include the preparation and monitoring of the annual operating budget and objectives consistent with Kearney Regional Medical Center's (KRMC) strategic plan. All duties are performed consistent with KRMC's standards and behaviors.

PRINCIPAL JOB FUNCTIONS:

• *Commits to the KRMC mission, vision, values and goals and consistently demonstrates our core values.

• *Oversees formulations of division goals and objectives, plans and programs in alignment with the overall Medical Center goals and objectives, plans and programs; ensures plans and programs are properly executed and an effective feedback process is utilized which communicates the overall condition and trends in each area and all important activities affecting them.

• *Oversees performance standards/metrics for each of the departments within the division and evaluates the performance against the standards; coaches and assists the managers in improving their planning and performance.

• *Ensures consistent leadership among division managers and ensures unification within the division. Promotes effective communication, collaboration, quality and efficiency between departments and managers within and outside the division.

• *Provides leadership and oversight in service line growth and development in each department of the division.

• *Oversees the departmental budgetary procedure to ensure proper operational and capital planning; appropriate and efficient use of resources; and consistent compliance to budgetary and fiscal controls.

• *Responsible for hiring, training, supervising, coaching, mentoring, retaining and evaluating managers including professional development of the division managers.

• *Performs Evidence Based Leadership Practices including; LEM goals, 90 day action plans, staff development, LDI participation and linkage grid assignment completion, utilizing the department meeting model, reward and recognition programs, thank you notes, performance evaluations and H/M/L conversations, and rounding on team members.

• *Responsible for overall physician satisfaction results in the Finance division. Works with and through others to get positive organizational results.

• *Responsible for the overall employee satisfaction results of the Finance division. Works with and through others to get positive organizational results.

• *Responsible for the overall patient satisfaction results of the Finance division. Works with and through others to get positive organizational results.

• *Understands the accounting and financial reporting regulations related to all governmental programs.

• *Identifies appropriate internal controls for department and provides mechanisms to monitor and enforce compliance and coordinates the annual audit, cost report preparation, and 990 preparation wit outside auditing firm as needed.

• *Evaluates the clinic financial statements and operations (including physicians' productivity reports and physicians' employment contract) and prepares appropriate analysis.

• *Works with Corporate Accounting to develop and maintain the accounting system used in evaluating department costs and profitability and provides information as needed to make managerial decisions.

• *Compiles information and performs comparative analysis to other hospitals and clinics; determines benchmarks to be used in evaluating processes and productivity throughout KRMC.

• *Assists management in managing both productivity and volumes by providing summary and detailed statistical reports showing resource consumption and unit costs.

• *Evaluates the financial feasibility of new or existing services and programs; accesses a wide variety of data bases and reports to prepare analytical reports and special studies.

• *Evaluates and manages KRMC's payer contractuals and advises the President and Board of Directors on material changes in contractual estimates or issues as needed.

• *Works with Corporate Accounting to ensure the format and structure of KRMC's financial statements meet Bryan Health's financial statements' formatting requirements.

• *Guarantees accurate and timely preparation of monthly financials for distribution to President, management of KRMC, Bryan Health, and KRMC Board of Directors.

• *Develops a relationship with KRMC's and Bryan Health's auditing firms and ensures that our annual audits are performed appropriately and timely. Seeks to ensure our audit has no controllable adjustments entries.

• *Leads measurement activities for the Journey to Excellence including LEM, patient satisfaction survey, BSC, etc.

• *Grasps the concepts of the budgeting process and prepares both operating and capital budgets, including a statistical budget.

• *Works with Corporate Accounting, as well as KRMC leadership to develop comprehensive and realistic annual budgets that reflect departmental needs based on external and internal data.

• *Demonstrates competency in Medicare, Medicaid and other third party insurance company billing requirements.

• Maintains professional growth and development through seminars, workshops, and professional affiliations to keep abreast of latest trends in field of expertise.

• Participates in and/or leads meetings, committees, strategic planning and lean projects as assigned.

• Performs other related projects and duties as assigned.

(Essential Job functions are marked with an asterisk "*". Refer to the Job Description Guide for the definition of essential and non-essential job functions.) Attach Addendum for positions with slightly different roles or work-specific differences as needed.

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES:

• Knowledge of organizational and human resource management standards and practices.

• Knowledge of ongoing healthcare trends.

• Knowledge of performance improvement, budgetary and financial methods and practices.

• Knowledge of computer hardware equipment and software applications relevant to work functions.

• Knowledge of management and leadership principles and practices.

• Skill in conflict diffusion and resolution.

• Ability to communicate effectively both verbally and in writing.

• Ability to perform crucial conversations with desired outcomes.

• Ability to make operational and management decisions in response to changing conditions.

• Ability to establish and maintain effective working relationships with all levels of personnel and medical staff.

• Ability to develop written policies and procedures, memoranda and performance evaluations with measurable behaviors.

• Ability to problem solve and engage independent critical thinking skills.

• Ability to maintain confidentiality relevant to sensitive information.

• Ability utilize a proactive approach in leading and communicating the financial picture of the organization.

• Ability to educate managers and help them understand the importance of monitoring the financial side of their areas including labor.

• Ability to communicate and establish rapport with department managers.

• Ability to maintain regular and punctual attendance.

EDUCATION AND EXPERIENCE:

Bachelor's degree in Business Administration, Accounting or equivalent experience required. Minimum of five (5) years progressively responsible work experience providing all aspects of accounting and budgeting functions required. Prior management experience preferred.

OTHER CREDENTIALS / CERTIFICATIONS:

Certified Public Accountant (CPA) certification preferred.

PHYSICAL REQUIREMENTS:

(Physical Requirements are based on federal criteria and assigned by Human Resources upon review of the Principal Job Functions.)

(DOT) Characterized as sedentary work requiring exertion up to 10 pounds of force occasionally and/or a negligible amount of force frequently to lift, carry, push, pull, or otherwise move objects.