Chief Financial Officer (CFO)

Dakota Eye Institute is a group of professionals dedicated to providing an unprecedented level of care and responsive service to our patients.We are committed to providing our staff with an excellent work environment, opportunities for self-development and growth, and recognition for hard work and commitment to Dakota Eye Institute.We are seeking an experienced and strategic Chief Financial Officer to provide financial leadership to our practice and its affiliated business entities. This position has oversight of all practice accounting and revenue cycle management processes and the development of, and adherence to, the practices annual budget.Job Responsibilities

Oversees the development, implementation of, and compliance with financial policies, procedures, and internal controls.

Oversees the preparation of monthly financial reports including production statistics, income statements, balance sheets, and compensation reports. Completes studies and compiles financial and production data as needed to support decision making by management and the Board of Directors.

Administers the physician compensation model and owner distribution formula.

Coordinates with the outside accounting and legal counsel to validate accurate reporting, monitor tax impact, and ensure compliance with state and federal reporting requirements and tax liabilities.

Analyzes trends, variances, key performance indicators, statistics, ratios, and other financial data in order to identify potential problems and to provide the earliest possible insight as to potential changes in the companys financial condition.

Monitors the revenue cycle to ensure that all services are billed and collected in a timely manner, in order to maintain a stable, constant cash flow.

Assists in setting fees for procedures.

Coordinates payer contract negotiations with third party consultants or negotiates directly with payers.

Prepares or directs preparation of recurring and special financial reports and statistical analyses which reflects the status of the practices accounts receivable. Reviews and interprets prepared reports and analyses and regularly presents trends, movements, and status to the Board of Directors.

Maintains current knowledge of applicable laws and changes in reimbursement that affect the practice. Interprets and applies third party billing rules in order to 1) maintain compliance with third-party payers, including Medicare; and 2) to ensure optimal reimbursement.

Prepares the annual operating budget and capital budget for review and approval by the Board of Directors.

Prepares monthly discussion and analysis of financial statements, incorporating budget variances, key trends, statistics, etc. and regularly presents to the Board of Directors.

Prepares business plans for new programs, services, and equipment. Monitors the implementation of new programs, services, and equipment, evaluates the results of implementation, and reports the results to management and the Board of Directors.

Monitors expenditures and reports budget variances to management and to the Board of Directors and recommends budgetary adjustments as needed.

Oversees management personnel with direct responsibilities for the specific functional areas of the practice. Ensures effective supervision and training of practice staff, encourages optimal performance, and maintains compliance with operating procedures and government regulations.

Actively participates on the Board and Manager Committees.

Serves as OSHA compliance person and reports at Compliance Committee meetings

Reviews applicable company/department benchmarks and updates as necessary.

Maintains confidentiality of sensitive and privileged information

Education and Experience

Bachelors Degree in Finance or Accounting or a Masters Degree in Business or related field is required

Certified Public Accountant (CPA) designati n is required

A minimum of five years experience in healthcare financial management, with at least three years experience in an organization with multiple physician employees is strongly desired. Alternatively, proven experience as a CFO or in a similar senior financial leadership role will be considered.

Skills and AbilitiesStrong oral and written communication skillsStrong presentation skillsExpertise with standard accounting principlesBudgetary experience<