Chief Financial Officer
PeopleFirst HR Solutions has been retained by North Central Health Care (NCHC) in Wausau, Wisconsin to recruit its next Chief Financial Officer (CFO). The current incumbent is retiring April 2020.
North Central Health Care (NCHC) has been serving central Wisconsin community since 1972, with its 50-year anniversary currently being planned strategically/tactically for 2022. With almost 1,000 employees, it’s tri-county organization - Marathon, Lincoln, and Langlade Counties - that serves variety of patients, clients, and residents. Its services are focused on mental health care, addiction and substance abuse treatment, developmental disabilities care, and skilled nursing care, but it also offer adult protective services, aquatic physical therapy, and several community-based programs to support its communities. Its programs are customized for each patient - designed around their unique abilities and challenges to create truly person-centered experience. Campuses/centers are located in Wausau, Antigo, Merrill, and Tomahawk, Wisconsin.
Surrounded by woods, lakes, and hills, Wausau area offers combination of big city amenities with look-and-feel of Great Northwoods and small town hospitality. Four seasons of outdoor recreation, thriving arts community, entertaining festivals and events, active nightlife scene, and diverse shopping and dining are just some of many things to discover in Wausau area.
CFO works as strategic partner with Chief Executive Officer (CEO) and Executive Management Team to achieve mission and vision of NCHC by planning, directing, and implementing comprehensive program of financial management. CFO leads accounting and financial management functions, including revenue cycle, accounting, budgeting, auditing, supply chain, and financial analysis and decision support functions. Fiscal year is calendar year, with 2019 gross revenue over $70 million.
CFO is member of Executive Management Team, reports to CEO, is located at Wausau campus, has four full-time direct reports, and 37 FTEs in indirect reports. Regularly-scheduled work hours for this salaried position are Monday-Friday, 40-50 hours off-peak season (September-April) and 50-60+ hours peak season (May-August).
CFO position includes comprehensive benefit package that contains some of most competitive benefits available in central Wisconsin. NCHC's benefits package is important part of total compensation package, adding value and giving peace-of-mind.
Education and Qualifications
· Bachelor’s degree in business administration, finance, accounting, or related field is required, with Master’s degree in same preferred. Master’s degree is required within three years of employment hire date, if/as applicable.
· Ten or more years of progressively responsible accounting experience, with at least 3-5 years in management of major accounting function, is required.
· Possess and maintain proper driver's license along with good driving record, and be able to pass background check, is required.
· Certified Public Accountant (CPA) designation is preferred.
Essential Duties and Responsibilities
· Develop and implement specific operational and financial plans to achieve primary objective of centralized business operation; organizing necessary human and physical resources required to accomplish plan; and monitoring, developing, and improving overall performance to achieve stated goals for revenue cycle and cost management.
· Monitor developments in health care and mental health fields which affect financial integrity and financial operation of NCHC, particularly in regard to proposed and new regulations and laws affecting third party reimbursement; endowments and grants from local, state, and federal agencies; per diem cost; fiscal maintenance data; and required federal and state reports.
· Educate key constituents regarding health care reimbursement, regulations and financial opportunities and assume advocacy role on behalf of NCHC with State’s Medicaid program.
· Advise Board and Executive Management Team on business fundamentals, financial performance and growth strategies offering insight and detailed analysis on opportunities.
· As member of Executive Management Team, assist in development of NCHC’s strategic initiatives and action plans. Funds, enables and executes strategic priorities.
· In collaboration with officers and directors, provide leadership and delivery of annual budget covering all financial activities of organization for Board of Directors and County partners approval.
· Drive increased financial stewardship through educational approach, leading financial strategy and operational implementation of consistent and best practice business processes.
· Measure individual performance through accountability for key financial initiatives and quality outcomes by ensuring business decisions are controlled and grounded in sound financial analysis and management.
· Transform finance team into modern, efficient strategy and consultative function by establishing trust and skill of finance team through education and opportunity to demonstrate understanding, experience and capability.
· Prepare and interpret financial statements and reports including focused efforts on improved financial controls and real-time availability of financial performance data for revenues and expenses.
· Responsible for organization’s financial forecasting, financial plans, reporting, policies and accounting practices.
· Oversee staff to ensure revenue cycle integrity including charge capture, denials management, and unbilled claims. Perform audits and reviews of departmental charge capture and reconciliation.
· Strategic relationship working with insurance companies and healthcare providers through skillful contract management.
· Responsible for all matters of taxes including preparation and filing of tax returns including NCHC Foundation tax matters.
· Integrate all aspects of supply chain management processes throughout organization and have overall accountability for centralized procurement, contract negotiation and management, inventory management, receiving, storage, distribution, and PAR stock replenishment.
· Maintain adequate record keeping of all accounts, contracts and leases.
· Annual competencies as required by NCHC and/or various regulatory agencies based on entity and/or job title.
· Demonstrated Expertise in Leadership competencies as required by NCHC.
· Knowledge of all regulatory and accreditation standards along with federal, state, and local codes.
· Ability to demonstrate commitment to always putting client first, never compromising quality of care and providing outstanding customer service.
· Knowledge of entire business and use of systems thinking to understand how programs work together and how decisions impact financial viability of organization.
· Demonstrate commitment to collaboration and making entire organization successful, as opposed to being focused solely on success of function of accountability.
· Skills and knowledge to appreciate, articulate, and shape NCHC’s culture along with being capable change steward in implementing new strategy, tactics, initiatives, and projects.
· Act with personal, professional, and behavioral integrity to withstand internal and external pressures to ensure that ethical and at times difficult decisions are made and supported by organization.
· Ability to execute operational aspects of managing people and organizations to effectively obtain results.
· Ability to focus on results through others within organization to achieve individual, team, and organizational goals through use of varied approaches such as coaching, mentoring, and talent management.
· Ability to establish and maintain effective relationships with employees, representatives of other agencies, Executive Management Team members, Boards and Committees, and public.
· Ability to present ideas with high degree of effectiveness, both orally and in writing.
· Extensive knowledge of principles and practices of hospital and institution fiscal administration, contracting and accounting.
· Thorough knowledge of operational and capital budgeting and of financial forecasting and rate making.
· Exceptional financial analytical skills with supportive and proactive management stylet that promotes best practices to evaluate variety of financial facts and data, and to draw conclusions and develop recommendations.
· Ability to serve as principal fiscal advisor to top administrative officials and to represent them in fiscal matters requiring technical expertise.
How to Apply
Interested professionals should submit letter-of-interest, resume, professional references, and salary history to Managing Partner/recruiter Todd Penske at firstname.lastname@example.org, or send them to his attention at PeopleFirst HR Solutions, 600 North 3rd Street, Suite 204, La Crosse, Wisconsin, 54601.
January 3, 2020