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NC
Northwest Colorado Health
Director of Finance
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What they do
A Vice President or Director of Finance manages the daily financial activities of a company or organization. Oversees accounting, bookkeeping, accounts receivables and payables, and financial administration.
$185,804 / year median in Colorado
+8% projected growth
Job Description
Northwest Colorado Health Director of Finance General Statement of Duties:
An exempt, salaried position that is responsible for implementation and oversight of all aspects of financial analysis, reporting. This position will also identify and evaluate opportunities for new revenue sources and identifying lost revenue through analysis of revenue metrics, strategic partnerships and development; develop and implement operational systems, policies, procedures and metrics that will support and enhance maximizing productivity and revenue in health center operations and ensure compliance with federal and state regulatory requirements and agency standards.Supervision Received:
Reports to the Chief Financial Officer.Supervision Exercised:
Directly supervises and manages Patient Accounts Manager.Essential Functions:
1. Responsible for producing agency financial reports, including monthly financial reporting, budget to actual comparisons, and any other financial reports as needed.- Acts as the internal subject matter expert of the Accounting/Financial reporting systems.
- Produces monthly reports, distributes to executive, senior leadership, and leadership team in a timely manner, and provides support to these teams on reviewing, understanding, and utilizing financial information to make data informed decisions.
- Works with operations and marketing and development teams to complete ad hoc reporting requests for state contracts and grant submissions. 2. Participates in external financial reporting obligations
- Agency lead for cost reporting for all service lines of the business where this is required.
- Supports CFO in all external relationships and regulatory functions, communications, registrations, etc, pertaining to finances including Indirect Cost Proposals, Colorado Secretary of State reporting, and HCPF Base Wage Attestations.
- Assists in audit and 990 preparation and participates in site visit and compliance requests as needed. 3. Oversees revenue cycle maximization
- Maintains and communicates current working knowledge of the revenue cycle in every service line and payer including FQHC regulations, Medicare, Medicaid, private payor, and private insurance billing requirements.
- Responsible for entirety of payer contracting cycle including negotiating with payers, maintenance and updates of current contracts, initiating and creating new contracts as needed, and ensuring all service reimbursement is contractually allowable.
- In conjunction with the Data Analyst and Clinical teams, leads activities and revenue maximization in pay for performance models, and assesses and leads work with accountable care organizations.
- Analyzes accounts receivable data, extracts information into meaningful presentations and communicates the results, as well as identify problem sources and develops a plan of action for continuous improvement.