Trinity Health Vice President, Finance in Mason City, Iowa
Employment Type:Full timeShift:
About MercyOne North Medical Center
At MercyOne, helping you live your best life is our one purpose. We provide comprehensive services dedicated to caring for you through all of life's stages. At MercyOne North Iowa Medical Center, you'll find providers, nurses and staff skilled in almost every medical specialty imaginable, providing nothing less than the most sophisticated level of care when you need it.MercyOne North Iowa Medical Center is a faith-based, full-service community health system serving residents in northern Iowa and southern Minnesota. We offer ambulatory care through our MercyOne Family Medicine Clinics (a primary care and specialty physician network), home health agency, hospice, regional referral laboratory, regional rehabilitation and diagnostic technology services, pharmacies, an emergency services network and a variety of other health care services.
We are proud to offer the latest in health and medical services with a caring, compassionate and personal touch with numerous specialty services including cancer center, heart center, vascular and wound center, neurosurgery, behavioral health and more.
MercyOne North Iowa is the largest provider of health care services in our region, and we are proudly the largest employer in Cerro Gordo County. Our hospital is a private, not-for-profit health care center, licensed for 346 beds, which serves more than 400,000 inpatients and outpatients each year. In addition, MercyOne North Iowa is a teaching institution (https://www.mercyone.org/northiowa/careers/graduate-medical-education/) . We conduct a Family Medicine Residency, Internal Medicine Residency, Cardiology Fellowship, Hospice and Palliative Medicine Fellowship, and a School of Radiologic Technology. MercyOne North Iowa is a clinical training site for approximately 500 students from 127 different colleges enrolled in programs for medical laboratory, nursing, paramedic, rehabilitation, medical assistants, pastoral services, physicians and many other medical fields.
MercyOne North Iowa holds management agreements with seven rural primary care hospitals, making us the premier rural health care delivery network in northern Iowa and southern Minnesota.
Franklin General Hospital (https://www.mercyonenorthiowaaffiliates.org/franklingeneral/clinics/)
Hancock County Health System
Hansen Family Hospital (https://www.mercyonenorthiowaaffiliates.org/hansenfamilyhospital/)
Kossuth Regional Health Center
MercyOne New Hampton Medical Center (https://www.mercyone.org/newhampton/)
Mitchell County Regional Health Center
Palo Alto County Health System (https://www.mercyonenorthiowaaffiliates.org/pachs/)
The Vice President of Finance will provide financial stewardship and direction to the Ministry Organization (MO), Mercy Medical Center-North Iowa, through effective business leadership, strategy development, internal controls and operating and capital budget development, monitoring, and management. The Vice President of Finance is responsible for the integrity of all financial information and reporting. The position participates with other senior management to address, interpret, resolve, and monitor a broad and diverse range of financial, operational, and strategic issues. The VP contributes to the overall management of the MO by driving key strategies and financials performance as a member of the Senior Leadership Team. Proactively works in a collaborative manner with other members of the Senior Leadership Team, with Regional Leadership, and with Trinity Health Home Office and Unified Service Organizations to improve financial performance and attain strategic goals and objectives.
Develops, implements and periodically reviews department/organization policies and procedures that guide and support the provision of services complying with Mercy Medical Center-North Iowa policies, Joint Commission requirements, and federal and state regulations. Maintains current knowledge base of trends, policies, regulatory standards, and legislation and advises Administration, when pertinent.
Develops and maintains departmental staffing plan detailing appropriate colleague classifications and qualifications consistent with the department's operational plan, projected volumes, and other relevant indicators. Participants in annual human resource planning process providing recommendations for staffing proactive recruitment and long-term needs. Assures daily staffing adheres to plan.
Continuously assesses and improves the department's performance based on, but not limited to, the department's quality plan, monitors, process improvement initiatives, patient/colleague satisfaction data, and colleague safety and injury prevention.
Interviews and selects qualified staff and assures colleagues are appropriately oriented. Continually develops staff through competency assessments, in-services, and continuing education, and performance appraisal process.
Develops annual operating and capital budgets, monitors and analyzes ongoing performance and productivity and implements necessary corrective plans.
In consultation with the Chief Executive Officer and Chief Operating Officer, develops and recommends the Health Center's strategic financial plan and ensures integration into the Health Center's strategic plan.
Directs the recording and controlling of the Health Center's accounting transactions. Ensures that all accounting systems safeguard the assets of the Health Center and provide viable management information. Ensures that accounting standards conform to regulatory requirements and generally accepted accounting principles. Reports to the CEO on the Health Center's financial condition and directs the preparation of interim and final financial statements and of various accounting reports.
In collaboration with subordinate directors, ensures the maintenance of data and reporting of cost to third-party payers for effective reimbursement of incurred costs in providing patient care services. Ensures the accurate processing of patient account records, including the management of the Health Center's receivables, in order to provide a predictable cash flow.
Reviews and interprets reports and analysis prepared and presented by other management personnel, regulatory agencies, independent auditors, Trinity Health financial staff, and others. Provides information and participated in the preparation of report summaries when applicable.
In collaboration with subordinate directors, ensures that the Health Center's supply chain/purchasing, and textile services functions contribute to the achievement of Health Center goals and objectives.
Through subordinate directors, ensures the availability of competent personnel to provide necessary financial and administrative support services to the Health Center. Selects, develops, establishes performance expectations, evaluates, and when necessary, disciplines or recommends the discharge of subordinate personnel.
Through a subordinate staff person, directs the development, implementation, and ongoing operation of financial management systems of the Mercy Family Clinic Network. Ensures that the network's interim and final financial statements are prepared in an accurate and timely manner, and that interpretations of financial statements are accurately and adequately communicated to physicians and other interested parties in the network.
On behalf of the CEO, provides routine guidance and technical advice to the internal auditor. Ensures that adequate internal controls are maintained throughout the Health Center by means of comprehensive annual audit programs.
In collaboration with subordinate directors, ensures that complete and accurate financial evaluation is performed on third party entities being considered for purchase, partnership, or other forms of joint venturing. Interpretations of financial results and the resulting recommendations for action are communicated to the COO and other appropriate individuals.
In collaboration with subordinate director, ensures that routine financial guidance and technical advice is provided to all our regional network sites.
Maintains expertise in the fields of finance and hospital administration through educational and organizational activities. Works with other departments and external agencies to promote the growth and broaden the knowledge and skills or subordinate personnel.
Maintains required department confidentiality and abides by HIPAA regulations.
Provides competent patient care to the above indicated patient populations by obtaining and appropriately interpreting data, making appropriate decisions based on demonstrated knowledge of age-specific growth and development, and appropriately adapting procedures and treatments.
Takes an active role in enhancing ability to carry out job functions through personal and professional/job-related growth and development and participates in medical center and/or departmental education programs.
Communicates with and performs duties following the philosophy of Mercy Medical Center – North Iowa and the Sisters of Mercy reflecting the organization’s Mission, Values, and Guiding Behaviors.
Supports and abides by all medical center, departmental, and safety policies and procedures. Proactively identifies safety concerns surrounding the work environment.
Performs other responsibilities as requested by supervisor, manager or department head.
Promotes a positive work atmosphere in areas of responsibility through positive leadership and direction of staff.
Participates in assessing the work environment, forecasting trends, transmitting values, communicating ideas, developing and implementing policies, initiating programs and systems and managing resources.
Develops management and supervisor staff.
Assists the CEO by establishing lines of authority within assigned departments and by promoting a participative and supportive climate directed toward the achievement of the Health Center's goals and objectives.
Maximized reimbursement opportunities from third-party payers.
Meets budget expectations.
Bachelor's Degree in Business Administration, Accounting or Finance, or related field required. Master's Degree required. Certified Public Accountant (CPA) strongly preferred. Healthcare Financial Management Association certification desirable.
Ten years' experience in financial management with progressively increasing responsibility and a minimum of five years' experience at CFO, controller or finance director in a hospital setting is required.
Must possess knowledge of the healthcare environment and key issues associated with hospitals, ambulatory care, and physician alignment, in addition to an in-depth knowledge of all aspects of healthcare finance and strategic financial planning.
Ability to work in a complex matric reporting environment.
Excellent customer service orientation skills are necessary in order to deal effectively with various levels of MO personnel, governance, physicians, patients and community groups.
Advanced analytical, business management, and cost control skills are necessary to direct management of financial resources, determine needs for capital equipment, personnel, expense and revenue budgets.
Special Skills and Aptitudes:
Strong verbal and written communication skills, in order to effectively discuss financial issues and performance and to foster culture of the MOs and Trinity Health. Strong leadership/influencing skills are required with the ability to work effectively within a system and influence others and achieve results.
Advanced interpersonal, management, and organization skills are necessary. A personal presence which is characterized by a sense of honesty, integrity, and caring with the ability to inspire and motivate others to promote the philosophy, mission, vision, goals, values, and guiding behaviors of Trinity Health
Trinity Health's Commitment to Diversity and Inclusion Trinity Health employs about 133,000 colleagues at dozens of hospitals and hundreds of health centers in 22 states. Because we serve diverse populations, our colleagues are trained to recognize the cultural beliefs, values, traditions, language preferences, and health practices of the communities that we serve and to apply that knowledge to produce positive health outcomes. We also recognize that each of us has a different way of thinking and perceiving our world and that these differences often lead to innovative solutions.Trinity Health's dedication to diversity includes a unified workforce (through training and education, recruitment, retention and development), commitment and accountability, communication, community partnerships, and supplier diversity.