Chief Financial Officer (CFO) - Healthcare

Black River Memorial Hospital
Black River Falls, Wisconsin
Jun 25, 2024
Jul 01, 2024
Work Mode
Hybrid, Remote
Full Time
Employment Type
Organization Type
Black River Memorial Hospital

Chief Financial Officer (CFO) - Healthcare / $200K-$240K per year / Black River Falls, WI

Must Haves:
    Proven experience in a senior financial leadership role, preferably in a healthcare setting Exceptional knowledge of healthcare financial management, third-party reimbursement, contracts, and generally accepted accounting principles and practices Strong knowledge of hospital patient care principles and practices Extensive knowledge of relevant state and federal regulations and healthcare policies and practices
Education: Masters Degree

Why Us:
Black River Memorial Hospital values our hard-working professionals with a fulfilling employee experience. We offer tangible benefits that actively recognize staff for their hard work and years of service. Those benefits extend to celebrating and supporting our team during the happiest and most challenging times in their life.

MISSION Helping to improve your life through compassionate, community-based care

VISION To advance a healthier community by providing excellent care, close to home

VALUES Collaboration - Compassion - Respect - Integrity - Growth

Job Description:
Location: Black River Falls, WI

Type: Full-time, On-site

Compensation: $200,000.00 - $240,000.00 annually with up to a 20% year-end bonus, professional association memberships, and conference attendance.

Relocation: Offers relocation package.

BRMH seeks a dynamic and experienced Chief Financial Officer (CFO) to join our executive team. The CFO will oversee general accounting, patient business services, third-party reimbursement, and financial and statistical reporting functions. This role is critical in promoting the effective management of BRMH's resources, achieving internal benchmarks, and meeting short- and long-term goals.
  • Work Environment: This is an on-site position. Remote or hybrid work arrangements are not available.
  • Relocation Assistance: Offers a comprehensive relocation package for the right candidate.
  • Professional Development: The role includes memberships in professional associations and opportunities to attend relevant conferences.
The CFO is eligible for up to a 20% year-end bonus in addition to salary.

Key Responsibilities:
  • Financial Leadership: Direct and oversee all aspects of the finance function, including assets, cash flows, insurance coverage, accounting practices, relationships with financial institutions, and third-party payers.
  • Revenue Cycle Management: Oversee the entire revenue generation process, from patient registration and scheduling to claims submission and reimbursement, optimizing revenue capture and minimizing leakage.
  • Billing Oversight: Ensure accurate and timely invoicing of patients and third-party payers, overseeing billing staff, implementing systems, and ensuring compliance with regulations.
  • Asset Management: Maintain custody and direct the prudent use of funds, securities, and assets, ensuring the accuracy and integrity of financial data and compliance with accounting standards.
  • Contract Negotiation: Monitor, analyze, negotiate, and recommend reimbursement contracts with third-party payers, informing stakeholders of financial impacts on organizational policies and operations.
Essential Duties:
  • Inspire Excellence: Promote and support BRMH's mission and vision, leading change to achieve strategic goals and performance.
  • Effective Communication: Establish and maintain relationships with internal and external customers, ensuring clear and concise communication.
  • Ethical Leadership: Align personal and organizational conduct with ethical and professional standards, emphasizing patient and community responsibility, service orientation, and commitment to lifelong learning.
  • Healthcare Expertise: Utilize comprehensive knowledge of the healthcare system to guide organizational strategy and operations.
  • Business Acumen: Apply business principles and practices to enhance the organization's strategy and operations.

About Us:
At Black River Memorial Hospital (BRMH), we combine the advanced care commonly found in big cities with the personal touch of a smaller community hospital. Our dedicated team serves both the Black River Memorial Hospital and Black River Healthcare Clinic, ensuring our patients receive top-notch care with compassion and integrity.

Posted: 0 days


  • Healthcare
  • Dental
  • Vision
  • Education Assistance
  • Paid Vacation
  • Paid Holidays
  • Paid Sick Days
  • Flexible Spending Accounts (FSAs)
  • Life Insurance
  • Long-term Disability
  • Short-term Disability
  • Moving Expense Reimbursement
  • Paid Family Medical Leave (FMLA)
  • Paid Jury Duty Leave
  • 403(b)

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