The CFO plays a pivotal role in the critical access hospital's financial management, strategic direction, and leadership. The CFO oversees all financial aspects of the organization, ensures its fiscal health, and contributes to the hospital's mission of providing exceptional healthcare to the communities it serves. The CFO has eight direct reports, including IT, HR, Materials Management, Maintenance, Housekeeping, and all financial departments.
Roles and Responsibilities:
- Develop and execute financial strategies supporting the hospital's mission, employees, and long-term sustainability in collaboration with senior leadership.
- Manage the hospital's budget, financial planning, reporting, and forecasting processes.
- Monitor, analyze, and recommend the hospital's financial performance globally, departmentally, and at a service-line level, identifying opportunities for revenue enhancement and cost optimization.
- Ensure compliance with all regulatory requirements related to the hospital's fiscal policies, financial reporting, and revenue capture.
- Provide collaborative leadership and guidance with the management team and reporting managers that foster a culture of collaboration, transparency, accountability, continuous improvement, and respect.
- Collaborate as a trusted partner within the Senior Leadership Team to drive strategic initiatives and capital planning efforts.
- Work in partnership with various stakeholders, including auditors, regulators, financial institutions, State and Federal associations, and other related entities.
- Participate in various Board meetings, committees, and stakeholder groups to present financial information, analyses, and recommendations, such as informing, educating, and gaining support and understanding.
Required Skills and Experience:
- Minimum bachelor's degree in finance and/or accounting.
- Minimum of seven (7) years of progressive financial leadership experience in a hospital setting with 5+ years in an executive (Vice President/CFO) position preferably within a critical access hospital.
- A Certified Public Accountant (CPA) or Certified Healthcare Financial Professional (CHFP) designation and/or an MBA or MSF are preferable.
- Comprehensive knowledge of healthcare finance, cost-based reimbursement, payor contracting, negotiations and relations, and overall fiscal policy.
- Exceptional analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Familiarity with critical access hospital designation and related financial and operational environments.
- Strong computer systems and applications knowledge
- Ability to successfully work with and communicate at all levels of the organization.
Compensation: Annual base salary range of $160,000 to $240,000/yr.
Benefits: Comprehensive benefits package.
About Versique:
Versique: /ver-seek/ adj. being both versatile and unique; n. a high-performance recruiting firm specializing in executive leadership search, direct hire, and interim hiring solutions.
Versique Executive, Professional, & Interim Recruiting is a locally owned and operated hiring and placement firm based in the Twin Cities of Minnesota. With specialized practice areas across our three divisions, Versique delivers tailored expertise to a wide range of industries. What sets us apart is our team of recruiters—seasoned professionals who have worked in the very fields they now hire for, providing unmatched industry insight and connections.
We believe people are more than just resumes—they are transformative, unlocking the potential for organizational growth and success.
Versique is proud to be award-winning, earning recognition on the Inc. 5000 list of fastest-growing private companies and the Minneapolis-St. Paul Business Journal's Fast 50 list for 2023. We are also consistently recognized as a Star Tribune Top Workplace and were named a Best Place to Work in 2022 by the Minneapolis/St. Paul Business Journal.
Let’s find your people, together.
Versique is an equal-opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.
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