MedStar Medical Group Job - 49390164 | CareerArc
  Back to Search Results
Get alerts for jobs like this Get jobs like this tweeted to you
Company: MedStar Medical Group
Location: Washington, DC
Career Level: Entry Level
Industries: Not specified

Description

General Summary of Position
The Chief Financial Officer (CFO) serves as the primary financial officer for the MedStar Washington Hospital Center and the MedStar Health Research Institute. Major responsibilities include developing and maintaining a strategic financial plan and annual operating and capital budgets; financial analysis of new programs, review of all financial reporting and analyses reports; decision support, review of patient revenue activities and oversight of the financial and government reporting compliance. Responsible for directing the fiscal functions of the MedStar Washington Hospital Center and the MedStar Health Research Institute in accordance with financial management techniques and practices appropriate within the healthcare industry in partnership with MedStar's Professional Support Services Center.


Primary Duties and Responsibilities

  • Develops and contributes to the achievement of established department goals and objectives and adheres to department policies, procedures, quality standards and safety standards. Ensures compliance with hospital/facility policies and procedures and governmental/accreditation regulations.
  • Participates in multidisciplinary quality and service improvement teams as appropriate. Participates in meetings, serves on committees and represents the department and hospital/facility in community outreach efforts as appropriate.
  • Performs monthly financial review and analysis of operating results for MWHC and MHRI. In conjunction with MedStar Professional Support Services Center (PSSC) coordinates the preparation of monthly financial analyses reports and variance analyses.
  • Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives for both organizations.
  • Provides timely, accurate, and cutting-edge management reporting to line operating executives in collaboration with PSSC.
  • Ensures credibility of the entity Finance department by providing timely and accurate analysis of financial data, reports, and trends on a routine basis and as requested to management and others.
  • Helps coordinate revenue cycle initiatives in collaboration with PSSC.
  • Serves as the liaison with the MedStar parent corporation, the PSSC and its subsidiaries (hospital and other MedStar entities) on financial related topics and issues.
  • Consistently demonstrates support for compliance in the performance of job duties and responsibilities by (a) developing and maintaining knowledge of, and performing job functions in compliance with, rules, regulations, policies, and statutes that affect his/her job; (b) maintaining knowledge of and performing job functions in compliance with MedStar Health, MWHC, and MRI policies and procedures; and (c) reporting compliance concerns in an appropriate and timely manner.
  • Develops, implements, and periodically updates a strategic financial plan.
  • Works with PSSC on Federal and Commercial Grants and Contracts Post Award accounting and reporting. Reviews annual costs reports and coordinates activities related to Medicare and Federal Indirect Cost Proposals.
  • Oversees the coordination and activities of independent auditors associated with all A-133 audits.
  • Directs the preparation of financial projections for new projects, major capital expenditures or proposed changes in operations.
  • Collaborates with financial executives at corporate headquarters to prepare and update the long-range financial forecast of the hospital, its outpatient network and the research institute.
  • Interprets current financial trends and respond with appropriate action for both enterprises.
  • Develops, in conjunction with PSSC, and manages MWHC and MHRI key financial performance indicators and works with entity management in improving financial results using such indicators.

  •  

    Minimum Qualifications
    Education

    • Bachelor's degree in Finance/Accounting required
    • Master's degree preferred

    Experience

    • Minimum of 15 years of progressive financial career track record in large tertiary or academic medical centers required.
    • Successful experience in complex integrated healthcare system is required.
    • Demonstrated experience in a key financial leadership position is required.
    • Must have experience overseeing federal research grants and required financial accounting.

    Licenses and Certifications

    • Certified Public Accountant (CPA) upon hire preferred

    Knowledge, Skills, and Abilities

    • Verbal and written communication skills.
    • Basic computer skills required.


    Why MedStar Health?
    At MedStar Health, we understand that our ability to treat others well begins with how we treat each other. We work hard to foster an inclusive and positive environment where our associates feel valued, connected, and empowered. We live up to this promise through:

    • Strong emphasis on teamwork - our associates feel connected to each other and our mission as an organization. In return, our effective team environment generates positive patient outcomes and high associate satisfaction ratings that exceed the national benchmark.
    • Strategic focus on equity, inclusion, & diversity - we are committed to equity for all people and communities. We continue to build a diverse and inclusive workplace where people feel a sense of belonging and the ability to contribute to equitable care delivery and improved community health outcomes at all levels of the organization.
    • Comprehensive total rewards package - including competitive pay, generous paid time off, great health and wellness benefits, retirement savings, education assistance, and so much more.
    • More career opportunities closer to home - as the largest healthcare provider in the Baltimore-Washington, D.C. region, there are countless opportunities to grow your career and fulfill your aspirations.

    About MedStar Health
    MedStar Health is dedicated to providing the highest quality care for people in Maryland and the Washington, D.C., region, while advancing the practice of medicine through education, innovation, and research. Our team of 32,000 includes physicians, nurses, residents, fellows, and many other clinical and non-clinical associates working in a variety of settings across our health system, including 10 hospitals and more than 300 community-based locations, the largest home health provider in the region, and highly respected institutes dedicated to research and innovation. As the medical education and clinical partner of Georgetown University for more than 20 years, MedStar Health is dedicated not only to teaching the next generation of doctors, but also to the continuing education, professional development, and personal fulfillment of our whole team. Together, we use the best of our minds and the best of our hearts to serve our patients, those who care for them, and our communities. It's how we treat people.

    MedStar Health is an Equal Opportunity (EO) Employer and assures equal opportunity for all applicants and employees. We hire people to work in different locations, and we comply with the federal, state and local laws governing each of those locations. MedStar Health makes all decisions regarding employment, including for example, hiring, transfer, promotion, compensation, benefit eligibility, discipline, and discharge without regard to any protected status, including race, color, creed, religion, national origin, citizenship status, sex, age, disability, veteran status, marital status, sexual orientation, gender identity or expression, political affiliations, or any other characteristic protected by federal, state or local EO laws. If you receive an offer of employment, it is MedStar Health's policy to hire its employees on an at-will basis, which means you or MedStar Health may terminate this relationship at any time, for any reason.


     Apply on company website