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Company: Long Beach Memorial Medical Group
Location: Long Beach
Posted on: November 25, 2022

Job Description:

Position Summary Provide senior financial oversight and direction to the Medical Centers through maintenance of internal controls and reporting systems which provide accurate and timely financial information to management for decision making. In conjunction with leadership team, actively participate in strategic direction of facilities through incorporation of market analysis, managed care initiatives, and trends in healthcare to allow for successful attainment of mission and fulfillment of vision. Implements and ensures compliance with MHS system wide financial standards, policies and procedures. ESSENTIAL FUNCTIONS Strategic :

  • Facilitates campus strategic planning using MHS and campus financial plan, key managed care information/initiatives, decision support analyses and updates in government reimbursement.
  • Assists with design and direction of system wide standard operational/performance reports.
  • Directs use of standard reports to facilitate campus operational improvement and decision making.
  • Develops and designs fiscal objectives for campus in harmony with MHS fiscal objectives.
  • Attracts, develops and retains strong customer focused management team for all areas within Finance Division.
  • Develops ongoing expansion of information technology within the finance function, including automation. Operations :
    • In concert with system patient financial services functions, through management of business functions of hospital, including patient registration, and medical records, ensure adequate performance and compliance in revenue cycle to maximize cash flow of organization.
    • In concert with system Materials management services and through management of hospital materials management, ensure key controls and reporting are in place that ensure efficient utilization of resources, while maintaining commitment to service delivery for operations.
    • Through management of Accounting/finance department and in concert with MHS finance, and MHS Reimbursement, maintain internal controls that allow for accurate and timely reporting of financial results of hospital and foundation in an efficient and cost-effective manner
    • Leads and directs the hospital based Care Coordination and Case management operations
    • Leads and directs development and preparation of campus 5 year operating and 10 year capital financial plans and annual operating and capital budgets.
    • Provides and effectively communicates regular reports to LBMMC Finance Committee and Board of Directors summarizing financial performance, strategy, budgets and other initiatives.
    • Keeps supervisor informed of significant problems that jeopardize the achievement of objectives. Education/Licensure:
      • Bachelors degree in Health Administration, Finance, Accounting or related field
      • MBA, CPA, or equivalent experience preferred Experience:
        • 7 years prior financial management experience and demonstrated success in financial operations in a healthcare setting.
        • Demonstrated experience in effective problem solving and uses good judgment and demonstrates sound analytical skills
        • Proven ability to manage and motivate an effective team and staff at all levels
        • Ability to meet tight deadlines and perform effectively in the midst of changing priorities
        • Knowledge:
        • In depth knowledge of managed care and capitation reimbursement concepts, understanding of government reimbursement and regulations including State DSH funding, CCS funding and HQAF.
        • Working knowledge of reserve methodologies for contractual allowances, and actuarial methods for Outside Medical expenses, and self-insured reserves.
        • Understanding of cost accounting methodologies and decision support analytical tools
        • Understanding of business office functions and cash flow implications.
        • Understanding of materials management functions
        • Understanding of care coordination and case management functions
        • Working knowledge of non-profit accounting and FASB accounting rules.

Keywords: Long Beach Memorial Medical Group, Long Beach , CFO, Accounting, Auditing , Long Beach, California

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