Chief Financial Officer

The Chief Financial Officer at Switchboard Hiring is responsible for overseeing the financial administration of a large healthcare facility, including a hospital, an Ambulatory Surgical Center, and multiple outpatient clinics. Key tasks include managing annual budgets, developing financial policies, optimizing revenue cycles, consulting with leadership teams on financial strategies, and promoting community outreach.

Candidates for the Chief Financial Officer position at Switchboard Hiring should have at least 10 years of experience in healthcare finance, with a minimum of 5 years serving as a hospital CFO. A CPA certification is preferred, along with a Bachelor's Degree in Accounting, Finance, or a related field. A Master's Degree in Healthcare Administration or Business is also desirable.

The Chief Financial Officer at Switchboard Hiring plays a pivotal role in the growth of healthcare services by providing financial leadership that aligns with the strategic goals of the hospital and its outpatient networks. This includes developing business plans, engaging in revenue cycle optimization, and collaborating with facility leaders to promote efficient financial practices.

The Chief Financial Officer role at Switchboard Hiring is primarily on-site in the Midwest region. It involves collaboration with a diverse team of healthcare professionals, participation in leadership meetings, and significant involvement in the local community, fostering an inclusive and engaging work environment.

Switchboard Hiring offers a competitive compensation package for the Chief Financial Officer position, including a base salary along with full benefits. Additionally, candidates may be eligible for long-term and short-term bonuses, thereby ensuring a rewarding career path in healthcare finance.

In response, highlight your experience with financial analytics, budgeting, and forecasting. Discuss specific strategies you've successfully employed in past roles, such as revenue cycle optimization, cost reduction initiatives, and performance metrics that align with the organization's financial goals.

Use the STAR approach to structure your answer. Describe the Situation, Task, Action, and Result. Be specific about the financial issue, such as addressing budget overruns or navigating funding challenges, and outline the steps you took to resolve it while emphasizing leadership and strategic thinking.

Demonstrate your commitment to ongoing learning by mentioning specific channels such as industry publications, regulatory updates from organizations like the Joint Commission, or professional associations. Discuss any training or certifications you've pursued to ensure compliance and best practices.

Share examples of how you've successfully collaborated with other departments in the past, highlighting the importance of communication and teamwork. Focus on how you foster relationships to align financial objectives with overall operational goals.

Discuss the significance of empathy and understanding in your approach. Emphasize how you would engage clinical staff by explaining the financial implications in terms they'll understand and involve them in discussions to foster a collaborative environment.

Discuss various KPIs such as operating margins, days cash on hand, and patient revenue per admission. Explain how these indicators help you assess financial stability and inform strategic decisions.

Provide a detailed overview of your past roles where you've been responsible for financial forecasting and budgeting. Highlight specific tools, methodologies, and processes you employed to create accurate and flexible budgets that can adapt to changing circumstances.

Talk about your decision-making framework, such as assessing impact, urgency, and alignment with the organization's goals. Give examples of past situations where prioritization led to successful outcomes.

Discuss current trends such as rising operational costs, shifts in reimbursement models, and regulatory changes. Present your insights on how these challenges affect healthcare finances and propose strategies for navigating them.

Highlight the importance of community engagement in the healthcare sector. Share experiences of how you've participated in outreach programs, established partnerships, or advocated for healthcare initiatives that benefit the community while aligning with the organization's mission.