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VP of Finance

Rennova Health, Inc. Knoxville ,TN
  • Posted: 23 days ago
  • Full-Time
  • Benefits: dental, life_insurance, vision
Job Description: Position Summary: The VP of Finance is responsible for all aspects of the accounting, financial reporting and analysis, including monthly close, budgeting, forecasting, third-party reimbursement, materials management, revenue cycle management and variance analyses for Rennova Community Hospitals. The position has ownership for the integrity, accuracy and timeliness of all work product. This position maintains communication and interacts effectively with all levels of the organization. This position supports internal controls and regulatory compliance procedures, tax reporting and integration of all corporate initiatives. Essential Duties and Responsibilities: · Responsible for the planning, coordination, and direction of financial activities of Rennova Community hospitals. · Monitors the financial performance and financial position of assigned entities to identify variances and key trends that could affect the entity’s and/or Systems financial viability. Reviews key financial and utilization information with RCI and others as needed to facilitate timely operating adjustments when necessary. · Establishes and maintains centralized administrative and financial policies for functional areas of responsibility where appropriate to standardize and provide consistency among System entities. · Prepare and maintain regular financial planning reports; Monthly profit and loss forecast (vs. budget); and cashflow forecast. · Works with leaders from across the System to coordinate efforts within specified functional areas. The primary objectives of these efforts vary among the different functional areas but can include achieving consistency in policies and processes, streamlining processes to gain efficiencies and improve margins, and facilitate communication both within the finance team and with clinical leadership. · Develop and execute analysis of various business initiatives (e.g., opening new operations, asset acquisition, new service launches). · Responsible for the completion of annual operating and capital budgets for assigned entities within the established RCHI budget guidelines and parameters. · Maintains an awareness of changes in the healthcare regulatory environment that could have an impact on the success of the System or its member hospitals and develops strategies to effectively manage through the changes. · Demonstrates strategic thinking and effectiveness by identifying future needs and problem areas, developing workable solutions, and following through to action. · Works collaboratively with system staff and senior management teams of assigned entities by providing assistance related to financial matters. · Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans. · Develop financial business plans and forecasts. · Engage the finance committee of the board of directors to develop short-, medium and long-term financial plans and projections. · Represent the company to financial partners, including financial institutions, investors, foundation executives, auditors, public officials, etc. · Oversee the accounting department to ensure proper maintenance of all accounting systems and function; supervise finance staff. · Ensure maintenance of appropriate internal controls and financial procedures. · Ensure timeliness, accuracy, and usefulness of financial and management reporting for federal and state funders, foundations, and organization board of directors; oversee the preparation and communication of monthly and annual financial statements. · Ensure legal and regulatory compliance regarding all financial functions. · Oversee preparation of month-end, quarter-end and year-end financial statements. · Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation. · Enhance and implement financial and accounting systems, processes, tools and control systems. · Serve as final point of escalation for Accounts Receivable/Accounts Payable issues. · Serve as a key point of contact for external auditors; Manage preparation and support of all external audits. · Oversee weekly cash management; Approve weekly payables; Execute check signing. · Oversee AR management and provide support to collections activities. · Manage the company’s real estate affairs consisting of leases and sub-leases together with the COO. · Mentor and develop the team of direct reports, managing work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic. · Participates in special projects as assigned by the COO. · Adhere to policies and procedures related to HIPAA and confidentiality · This description is not designed to cover or contain an inclusive list of duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. Required Education Bachelor’s degree in accounting, finance or business administration Master’s degree preferred License/Certification • CPA highly desired Experience, Knowledge, Skills and Abilities · Minimum of eight (8) years’ experience in accounting and/or finance. · At least five (5) years Financial management and supervisory experience in a health care setting. · Experience in a senior financial-management role, partnering with executive staff, resulting in the development and implementation of creative financial management strategies · The incumbent must have experience in health care reimbursement financing; state and federal accounting regulations; principles and practices of financial administration, including budgeting and reporting requirements; organizational dynamics; planning; coordinating and directing a complex financial operation; problem solving and communication; grants management. · Experience at a high growth early stage company preferred · Strong collaboration, teambuilding, and consensus building skills required. · Able to see both macro and micro picture, with strong analytical skills and ability to effectively utilize technology · Demonstrated leadership skills and the ability to provide constructive feedback to team members to support continuous improvement. · Strong oral and written skills, ability to effectively interact with all levels of the organization · Results-oriented individual with ability to build relationships and implement solutions · Demonstrated change agent. Must have strong influential skills to generate buy in for change initiatives · High-level problem identification/mitigation/resolution skills · Computer skills including Microsoft Office (Excel, Word, Powerpoint). Working knowledge of accounting information systems. Ability to adapt and quickly learn other computer applications as required. · Must possess the ability to analyze information effectively to arrive at critical decisions and take effective action. · Ability to work with and maintain confidential information. Position is based in Knoxville, TN with regular travel schedule to Hospitals in TN. Company Description: Rennova Health is a vertically integrated public healthcare holding company. We focus on serving essential healthcare categories, especially those with unmet needs and significant opportunities for innovation-driven solutions. We develop and operate forward-thinking businesses, systems and services to support better treatment outcomes, more cost-effective patient care, and optimized revenue streams. We are committed to providing unmatched service excellence across our entire suite of solutions while building on the best medical science and innovative technologies available. We also maintain the highest standards of corporate transparency, fiduciary responsibility, accountability, and regulatory compliance.

Rennova Health, Inc.

Why Work Here?

Many opportunites for growth!

Rennova Health is a vertically integrated public healthcare holding company. We focus on serving essential healthcare categories, especially those with unmet needs and significant opportunities for innovation-driven solutions. We develop and operate forward-thinking businesses, systems and services to support better treatment outcomes, more cost-effective patient care, and optimized revenue streams. We are committed to providing unmatched service excellence across our entire suite of solutions while building on the best medical science and innovative technologies available. We also maintain the highest standards of corporate transparency, fiduciary responsibility, accountability, and regulatory compliance.

Address

Knoxville, TN
USA

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