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CFO-Ministry Market

AscensionMilwaukee🇺🇸United States

Quick overview

SeniorityLeader
Work modeHybrid
LocationMilwaukee, United States
BudgetingCase ManagementForecasting

Job description

Ascension Wisconsin is looking for a Chief Financial Officer to join team. 
  • Department: Finance
  • Location: Glendale, WI ( onsite)

Core Responsibilities:
  • Serves as a key member of the Ministry leadership team and participates in the development and execution of the organization's vision, policies, and short/long-term objectives.
  • It is an executive leader who, in collaboration with other members of the executive team, generates and executes business strategies that improve overall performance metrics,  specifically focused on financial performance, quality, and consumer experience.
  • Uses data-driven approaches to allocate resources and elevate the organization’s financial performance and goals.
  • Leads Ministry Market Executives in the development of long and short-range Market operations plans which may include service demand analyses, resource availability analyses, productivity, and cost-benefit analyses of proposed capital and staff expansions. Recommends strategies based on financial, accounting, and industry trends.
  • Partners with national and local key stakeholders to lead growth initiatives and proforma development including tracking and monitoring the performance of initiatives to ensure achievement.
  • Forecast the impact of business decisions and expected financial results.
  • Responsible for financial and economic information to identify trends and indicators that may impact business operations, planning, and investments.
  • Engages for impact to bring national and local key stakeholders (physicians, clinical/non-clinical leadership) together to drive results, focusing on the revenue cycle process, management of expenses, and financial goal management.
  • In alignment with national and local key stakeholders, review contracts, purchase agreements, and other financial arrangements to ensure compatibility with business goals and expectations about profitability. Ensure appropriate approvals are obtained.
  • Serves as a liaison on financial matters among the Board of Directors, executive leadership, and management.
  • Responsible for financial forecasts and performance against targets in collaboration with national and local key stakeholders in Financial Planning & Analytics.
  • Identify and report undesirable trends and potential business opportunities and make recommendations for action.
  • In alignment with national and local key stakeholders for Labor Management, leads facility productivity reviews and education in partnership with the COO and MME.
  • Communicate financial operational performance with stakeholders, including Hospital administration, appropriate facility staff members, and Ministry Market Executives.
  • In partnership with key national and local stakeholders within Case Management, leads throughput initiatives.
  • In partnership with national and local key stakeholders, leads denial and appeal management reviews with the multidisciplinary team.
  • In alignment with national and local key stakeholders, leads local charge capture reviews and revenue integrity efforts.
  • Responsible for ensuring alignment with national business partners across strategy, labor, case management, etc.
  • CFO will have Market leadership responsibility for Reimbursement, Managed Care, Revenue Cycle, Registration, Health Information, Supply Chain, Case Management, and Utilization Review.
  • Attracts, recruits, and retains exceptional talent, cultivating engaged financial professionals, leaders, and support staff focused on financially sound business practices and decisions, and high-quality care driving the consumer experience.
  • Fosters a culture of appreciation, belongingness, inclusivity, diversity, and equity to drive the associate experience.

#Le@der

Licensure / Certification / Registration

  • Required Credential(s):
    • None Required.

Education

  • Bachelor's degree with 10 years of applicable cumulative job specific experience required, with 5 of those years being in leadership/management.
  • Master's Degree preferred

Preferred Qualifications:

  • Multi-hospital financial leadership experience strongly preferred, including oversight of financial operations across multiple acute care hospitals within a health system or regional market.

  • Demonstrated success driving financial performance, operational efficiencies, and strategic growth across complex healthcare organizations.

  • Experience partnering with hospital CEOs, COOs, physician leaders, and other executives to develop and execute market-wide financial strategies.

  • Strong background in financial planning and analysis, budgeting, forecasting, capital planning, revenue cycle, and expense management.

  • Proven ability to lead and develop high-performing finance teams while influencing operational leaders across multiple facilities.

  • Experience supporting hospital expansion, service line growth, acquisitions, and other strategic initiatives.

  • Strong understanding of healthcare reimbursement, managed care, labor productivity, and financial performance improvement.

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