VP /CFO Johns Hopkins All Children's Hospital
Requisition #: 201168
Location: Johns Hopkins All Children's Hospital, St. Petersburg, FL 33701
Work Shift: Day Shift
Work Week: Full Time (40 hours)
Weekend Work Required: Yes
Date Posted: July 21, 2020
The Chief Financial Officer, under the broad direction of the Johns Hopkins All Children’s (JHACH) President and the Health System Senior Vice President of Finance and Chief Financial Officer, will be responsible for managing strategies and programs that affect the financial performance of Johns Hopkins All Children’s Hospital. This person will also serve as a key member of the JHACH Leadership Team, and in that capacity share executive leadership for the Hospital. The CFO will ultimately ensure the overall financial integrity of JHACH and will support the work of the Finance/Investment Committee of the Board and be viewed as a trusted business advisor.
The CFO will provide leadership and direction in ensuring the efficient, economical and effective utilization of All Children’s Hospital resources to meet the identified goals of the organization. Critical outcomes will include supporting the Leadership Team with financial information and operational analytics; drive a culture of accountability to add value to operating business decisions and desired outcomes.
The CFO will have direct administrative oversight and responsibility for the following areas: Revenue Cycle, including Financial Services & Revenue Management, Managed Care, Health Information Management Decision Support and Budgeting, Financial Planning & Analysis, Treasury, Accounts Payable & Payroll, and Grant Accounting. There are some matrixed Health System relationships for some of these functions, such as revenue cycle, accounts payable and payroll, which have centralized support in Baltimore.
It will be imperative that the CFO work closely with the Johns Hopkins Medicine finance team in Baltimore and with CFOs and finance leaders with other Johns Hopkins affiliates. There is a monthly “Ninth Workday” meeting, which is chaired by the Health System CFO, where all affiliates provide a ten-minute report with a review of the latest financial results. There also is a monthly Friday “CFO In Medicine” meeting for all affiliate CFOs. There is also a regular CFO meeting with all affiliate Senior Directors of Finance and Reimbursement.
Chief Financial Officer reports to President, Johns Hopkins All Children’s Hospital and to the Senior Vice President of Finance and Chief Financial Officer for the Johns Hopkins Health System.
Supervises: Director, Revenue Cycle; Director, Decision Support; Director, Finance & Accounting
The CFO will need to work closely with the Finance/Investment Committee of the Board and its Chair; executives of other Florida health systems, payer and provider groups, brokers, State associations, regulatory agencies, and other external influencing individuals and groups. It would also be good for the CFO to become involved with local community leaders and become embedded within local St. Petersburg community organizations.
MAJOR EXPECTATIONS AND RESPONSIBILITIES
The following comprise the major expectations and responsibilities of the person who accepts the JHACH Chief Financial Officer position:
- In consultation with the President and the Leadership Team, the CFO will set the strategic financial direction for JHACH by using benchmarking innovations and trends in healthcare and the economy in order to evaluate the organization’s relative position and to identify opportunities and threats in the market, while analyzing the organization’s infrastructure to assess strengths and weaknesses.
- Quickly establish credibility and become a fully engaged, respected partner within the JHACH Leadership Team and actively participate with the decision-making process, helping to drive operational and financial excellence.
- Additionally, partner with organizational leaders in raising the IQ of the Leadership Team with operational metrics, financial performance and help bring about more discipline and accountability with financial stewardship.
- Serve as the source, gatekeeper and interpreter of financial information, while delivering credible and accurate and timely financial statements (cleaner financial reporting), analysis and reports to the Board of Trustees, Board Committees, senior management and Health System, while maintaining standards and procedures for financial planning and reporting for JHACH that are consistent with System practices and objectives.
- Ensure that fiduciary checks and balances are in place, while making sure that there are appropriate internal controls.
- Work to improve the JHACH budget process by adopting the JHHS accelerated schedule, which focuses on work groups. Also, improve budget system and process training to help bring about positive change and help ensure that budgets are as accurate as possible.
- Contribute to the successful JHACH conversion to Epic, which is scheduled to go live in October 2020 – especially as this relates to improving Revenue Cycle.
- In anticipation of Epic, help develop a strong patient access, coding and customer service core at JHACH.
- Lead by example and strengthen the financial team, through open communication and transparency, while breaking down silos, improving morale, and maintaining a high functioning level.
- Become an open and transparent resource to JHACH leaders and help explain and interpret what are sometimes complex financial concepts and implications to challenging decisions.
- Work closely with the President of JHACH on all real estate transactions, as well as ground and space leases for JHACH.
- Represent the organization at external meetings of the State of Florida, other policy makers and trade organizations, as necessary. Serve as presenter/speaker at such meetings as required. Specifically, work to become the onsite JHACH “Medicaid expert.”
- Represent JHACH and JHHS throughout the community and the healthcare financial management profession by providing representation to community and professional organizations.
A minimum of a bachelor’s degree in finance, accounting or a closely related field is required. An MBA and/or a CPA is also required.
The ideal candidate for the Chief Financial Officer for Johns Hopkins All Children’s Hospital must have ten (10) years of experience as a financial leader in an academic medical center or large community hospital setting. In addition, the successful candidate should possess the following:
- Strong business acumen and demonstrated ability to control expenses while building programs that provide revenue growth.
- Knowledge of or the ability to become expert with the reimbursement system (Medicaid) in the State of Florida.
- Significant experience with identifying and implementing performance improvement through benchmarking and identifying best practices.
- Effective written and oral communication and presentation skills and the ability to communicate complex financial information to diverse audiences.
- An understanding of the Board’s unique fiduciary role and overall Board relationship and development skills.
- The ability to roll up the sleeves, get into the operation through collaboration with other JHACH leaders, and help bring about progressive changes.
- Experience with broad application of both financial and clinical information systems. Familiarity with Epic is highly desirable.
- Good decision skills derived from a mixture of analysis, wisdom, experience and judgment. Under tight deadlines and pressure, able to make timely decisions and be responsive to others, even with sometimes incomplete information.
- Demonstrated mentoring, coaching and team building skills.
- Excellent interpersonal and facilitation skills with the ability to motivate others. The ability to bring consensus and accountability through teamwork.
- Demonstrated community and professional leadership.
Johns Hopkins Health System and its affiliates are drug-free workplace employers.
Johns Hopkins Health System and its affiliates are an Equal Opportunity / Affirmative Action employers. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, age, national origin, mental or physical disability, genetic information, veteran status, or any other status protected by federal, state, or local law.
Johns Hopkins Medicine.