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Position Summary The Chief Financial Officer (CFO) serves as the senior financial executive of the hospital and is responsible for the strategic leadership, financial management, and operational ...
Position Summary The Chief Financial Officer (CFO) serves as the senior financial executive of the hospital and is responsible for the strategic leadership, financial management, and operational ...
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Quick apply
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Cfo Controller information
See Miami, FL salary details
$59.3K - $74.3K
4% of jobs
$74.3K - $89.4K
13% of jobs
$95.7K is the 25th percentile. Wages below this are outliers.
$89.4K - $104.4K
19% of jobs
$104.4K - $119.5K
11% of jobs
The median wage is $123.6K / yr.
$119.5K - $134.5K
12% of jobs
$146.8K is the 75th percentile. Wages above this are outliers.
$134.5K - $149.6K
20% of jobs
$149.6K - $164.6K
11% of jobs
$164.6K - $179.6K
4% of jobs
$179.6K - $194.7K
2% of jobs
$194.7K - $209.7K
3% of jobs
$209.7K - $224.8K
1% of jobs
$59.3K
$131.6K
$224.8K
How much do cfo controller jobs pay per year?
What is a CFO controller?
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How do CFO controllers typically collaborate with other departments to ensure accurate financial reporting?
What is the difference between Cfo Controller vs Financial Analyst?
| Aspect | Cfo Controller | Financial Analyst |
|---|---|---|
| Required Credentials | Bachelor's or Master's in Accounting, Finance, or related field; CPA or CMA often preferred | Bachelor's in Finance, Accounting, or Economics; CFA or CPA beneficial |
| Work Environment | Corporate finance departments, accounting firms, or large organizations | Financial services firms, corporations, or consulting agencies |
| Employer & Industry Usage | Used in finance leadership, accounting, and corporate management | Used in investment analysis, budgeting, and financial planning |
The Cfo Controller oversees financial operations, accounting, and compliance, focusing on internal controls and reporting. In contrast, a Financial Analyst primarily analyzes financial data to support decision-making, budgeting, and forecasting. While both roles require strong financial knowledge and certifications, the Cfo Controller has broader responsibilities in financial management and reporting, whereas the Financial Analyst specializes in data analysis and financial modeling.
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Full-time
Re-posted 15 days ago
Job description
Position Summary
The Chief Financial Officer (CFO) serves as the senior financial executive of the hospital and is responsible for the strategic leadership, financial management, and operational oversight of all financial functions. As a member of the Hospital Executive Leadership Team, the CFO partners with the Chief Executive Officer (CEO), medical staff, department leaders, and corporate leadership to ensure the organization's financial strength, regulatory compliance, and long-term sustainability.
The CFO provides leadership over accounting, budgeting, financial planning and analysis, treasury, revenue cycle oversight, reimbursement, managed care, capital planning, supply chain finance, and financial reporting. The CFO is responsible for developing strategies that improve financial performance while supporting high-quality patient care and organizational growth.
Essential Responsibilities
Executive Leadership
- Serve as a strategic advisor to the Hospital CEO and Executive Leadership Team.
- Develop and execute the hospital's financial strategy in alignment with organizational goals.
- Present financial results, forecasts, and strategic initiatives to the CEO, Board of Directors, Finance Committee, and Corporate Leadership.
- Provide financial leadership for hospital expansion, new service lines, physician alignment, and strategic initiatives.
- Foster a culture of accountability, collaboration, and continuous improvement.
Financial Operations
Direct and oversee all hospital financial operations, including:
- General Accounting
- Financial Reporting
- Financial Planning & Analysis (FP&A)
- Budgeting and Forecasting
- Treasury and Cash Management
- Payroll
- Accounts Payable
- Capital Asset Management
- Fixed Assets
- Internal Controls
- Financial Systems
Ensure timely preparation of:
- Monthly financial statements
- Annual operating and capital budgets
- Cash flow forecasts
- Variance analyses
- Board reports
- Regulatory financial reports
- Annual audited financial statements
Revenue Cycle Oversight
Provide executive oversight of revenue cycle operations, including:
- Patient Financial Services
- Patient Access
- Health Information Management (HIM)
- Clinical Documentation Improvement (CDI)
- Coding
- Billing
- Collections
- Denial Management
- Revenue Integrity
Monitor and improve key performance indicators including:
- Days in Accounts Receivable (AR)
- Net Collection Rate
- Clean Claim Rate
- DNFB (Discharged Not Final Billed)
- DFNC (Discharged Final Not Coded)
- Bad Debt
- Cash Collections
- Point-of-Service Collections
- Revenue Capture
Collaborate with revenue cycle vendors and hospital leadership to maximize reimbursement and improve operational efficiency.
Healthcare Reimbursement
Oversee reimbursement strategies related to:
- Medicare
- Medicaid
- Commercial Insurance
- Managed Care
- Self-Pay
- Medicare Cost Reports
- Medicaid Cost Reports
- Supplemental payment programs (LIP, DSH, UPL, DPP, and applicable state programs)
- Value-Based Purchasing
- Quality incentive programs
Analyze reimbursement trends and recommend strategies to optimize revenue.
Financial Planning & Analysis
- Lead the annual budget and long-range financial planning process.
- Prepare monthly financial forecasts and cash flow projections.
- Analyze hospital financial performance and operational trends.
- Evaluate service line profitability and physician practice performance.
- Develop productivity and labor analyses.
- Identify opportunities to improve operating margins and reduce costs.
Treasury & Capital Management
- Manage hospital cash flow and liquidity.
- Oversee banking relationships and treasury operations.
- Monitor debt obligations and financial covenant compliance.
- Develop capital expenditure plans.
- Evaluate return on investment (ROI) for capital projects and new service lines.
Compliance & Internal Controls
- Ensure compliance with Generally Accepted Accounting Principles (GAAP).
- Maintain strong internal controls and financial governance.
- Coordinate annual independent audits.
- Ensure compliance with CMS, Medicare, Medicaid, state regulations, and other applicable healthcare requirements.
- Support enterprise risk management initiatives.
About Palmetto General Hospital
Sourced by ZipRecruiter
Industry
Health care and social assistance
Company size
1,001 - 5,000 Employees
Headquarters location
Hialeah, FL, US
Year founded
1971