Under the direct supervision of the Chief Executive Officer (CEO), the Chief Financial Officer (CFO) is responsible for the long term fiscal health of the Clinic. Along with the other members of the administrative team, the CFO plays a key role in developing business strategies for the Clinic that will help the Clinic deliver high-quality, cost-effective care, while maintaining the fiscal integrity of the Clinic. This position is directly involved in the Revenue Management Cycle, and develops relationships with payers and leads contracting efforts. The CFO also negotiates capital financing, oversees accounting, budgeting, and purchasing, and supports the Board of Directors as well as various subcommittees; the CFO is the administrative chair of the Finance Committee.
Provide professional and courteous service to all “customers” of Ogden Clinic. Customers include all Ogden Clinic patients, affiliates, providers, administration, employees, co-workers, insurance company representatives, and all other vendor representatives.
Meet behavioral expectations and support the dignity of all persons. Also responsible for the stewardship of resources.
Ensure applicable regulatory requirements are complied with and follow guidelines that maintain safety for oneself, patients, visitors, and co-workers.
Study, understand, and adhere to all Clinic Policies and Procedures.
ESSENTIAL JOB FUNCTIONS:
Participate in strategic and operational planning as a member of the senior management team and the Board of Directors.
Oversee all financial transactions and help departments control costs and improve processes by providing meaningful and useful financial data for management users.
Develop, maintain, and support an appropriate accounting department structure and financial reporting system, including annual audits.
Prepare and present monthly financials to Finance Committee and the Board of DIrectors.
Oversee development and review of annual operating, capital budgets, and projections.
Maintain and update forecast on an on-going basis.
Work closely with billing and coding to meet monthly charge and payment goals, maintain A/R and allowance for doubtful accounts calculations.
Advise, counsel, and educate executives, physicians, and management on the financial impact of their decisions through analysis.
Meet with providers as needed to clarify and explain financial concerns that may impact them.
Analyze the financial implications of outside practices wishing to join the Clinic.
Provide detailed financial reporting to the bank, submitting A/R monthly and compliance quarterly.
Supervise recruitment, development, and retention of Accounting Department staff, Purchasing Staff, Business Office Staff, and Coding staff as appropriate, in accordance with budget objectives and HR policies.
Develop and maintain banking relationships; secure financing for equipment and building projects while maintaining banking covenants and ratios.
Supervise accounting for real estate entity, maintaining future forecast and covenant compliance.
Maintain contracts with payers and negotiate and analyze fee schedules.
Additional responsibilities and tasks as assigned.
Maintain confidentiality of patients, the organization, and employee/co-worker information.
Requires prolonged sitting with some standing and walking.
Requires some bending, stooping, lifting, and stretching for files and supplies.
Requires manual dexterity sufficient to operate a keyboard and other office equipment.
Must possess all physical abilities necessary to perform the job.
Visual requirements include close vision, peripheral vision, and ability to adjust focus.
Noise level is moderate with constant conversations, computers, printers, telephones, etc.
DISCLAIMER CLAUSE:The foregoing description is not intended and should not be construed to be an exhaustive list of all responsibilities, skills, efforts, or working conditions associated with the job. It is intended to be an accurate reflection of the general nature and level of the job.
EDUCATION: Master’s degree in Accounting, Finance, or Business Administration required; CPA preferred.
EXPERIENCE: Must have at least four years of executive financial experience in the healthcare sector; experience as a CFO in a multispecialty group practice or integrated delivery system strongly preferred.
LANGUAGE SKILLS: Proficient in reading, analyzing, and interpreting general business periodicals, professional journals, technical procedures, or governmental regulations. Able to write, review, and edit reports and business correspondence as well as effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Knowledge of applicable laws and regulations as they relate to Healthcare Finance.
Clinical and financial data reporting and analysis required.
In-depth knowledge with Microsoft Office and Electronic Medical Record (EMR) System.
Effectively manage multiple tasks simultaneously.
Must have a commitment to live the values of the Ogden Clinic, i.e., integrity, compassion, unity, excellence, dedication, open communication, leadership, and innovation.
Must maintain professional standing and peer relationships in local and regional associations specific to healthcare finance.
Must demonstrate ability to work effectively with physicians.
Must have strong understanding of human resource management principles, practices, and procedures.
Must set and manage priorities independently and judiciously.
Must have high personal integrity and dedicated work ethic.
Must have excellent leadership, interpersonal, oral, and written communication and presentation skills.
Must present ideas in business-friendly and user-friendly language.
Must excel at building consensus, creating partnerships, and being proactive.
Must pay keen attention to detail.
Must have superior analytical, evaluative, and problem-solving abilities.
Must have exceptional service orientation.
Must motivate self and others in a team-oriented, collaborative environment with the ability to function effectively within a team.
Must protect confidential information, records, and/or reports.
Ogden Clinic is an independent, physician-owned multi-specialty clinic that strives to contribute dynamic, compassionate healthcare to the Weber and Davis County communities in which we live.Since 1950, Ogden Clinic has been working hard to meet the ever-changing healthcare needs of Weber and Davis County families. We offer more healthcare providers in more specialties at more locations and we acc...ept more insurance plans than any other clinic in the area. Our commitment to accessible, quality healthcare is what draws patients and their families to Ogden Clinic and allows us to continue thriving.
To be the place of choice for patients, employees, and providers, by remaining a thriving independent, physician-owned, multi-specialty group practice.
Our Vision Statement
The place of choice where needs are met through quality health care.
We are a group of people who care deeply about delivering quality medical care to our neighbors. These values are at the core of everything we do.