As healthcare continues to rapidly transform so does the need for healthcare management teams which exceed the expectations of patients, complies with regulations and meets the demands of new delivery and payment models. Coordinated Health is entering a new growth phase as a proven innovator in care delivery models. We are a team of committed clinicians and business leaders passionate about transforming healthcare delivery.
With 2 hospitals and over 18 locations, Coordinated Health is a team of committed clinicians and business leaders passionate about transforming healthcare. We strive for excellence and have achieved significant and measurable improvement in total cost of care, clinical outcomes, and patient experience. As a result, Coordinated Health is entering a growth phase and is looking to add to our team of passionate and execution-minded leaders dedicated to this mission. Coordinated Health has an exciting opportunity for a healthcare controller to support this mission.
The Controller of Coordinated Health will oversee the operations of the finance department to achieve the department’s goals and objectives. This position will supervise the Account Payable, Financial Reporting, Revenue Accounting, Treasury and Capital management. The Controller also will ensure compliance with accounting policies and procedures. Review financial information to ensure compliance with GAAP.
Proven experience with short-and long-term budgeting and forecasting, rolling budgets, and product-line/customer-level profitability analysis.
Excellent judgment and creative problem-solving skills, including negotiation and conflict resolution skills
Strong mentoring, coaching experience to a team with diverse levels of expertise.
Proven ability to build rapport while providing superior customer service and maintaining positive collaborative relationships with internal teams, direct reports and vendor contacts.
Superior management skills; ability to influence and engage direct and indirect reports and peers.
Self-reliant, good problem solver, results oriented, hands-on, and self-motivated team player able to multi-task and prioritize responsibilities.
Energetic, flexible, collaborative, and proactive; a team leader who can positively and productively impact both strategic and tactical finance and administration initiatives.
A team player who is articulate and confident in your interpersonal, verbal and written communication skills, and effective at both conveying ideas and soliciting input.
Ability to thrive in a very fast-paced, entrepreneurial environment.
SUMMARY OF GENERAL RESPONSIBILITIES:
Ensure that accounts payable are paid in a timely manner.
Ensure that all reasonable discounts are taken on accounts payable.
Ensure that accounts receivable are collected promptly.
Maintain the chart of accounts.
Maintain an orderly accounting filing system.
Maintain a system of controls over accounting transactions.
Assist the CFO on the revenue recognition model.
Work closely with Revenue Cycle Management to ensure the accuracy of the revenue.
Record the patient adjustment and bad debt accurately to reflect the patient accounting performance.
Provide the revenue review analysis to work with revenue cycle management on improvement of the revenue performance.
Ensure the compilation of the Medicare and Medicaid cost reports are done accurately and timely.
Financial Reporting & Analysis
Prepares month-end closing, quarter-end closing, and year-end closing, Ensure the financial close is performed in a timely and accurate manner.
Oversee the finance team in the preparation of all financial reports, monitor and analyze monthly/quarterly/annual operating results against budget and build corrective action suggestions where appropriate
Provide accurate and timely financial information to the executive team and operational team to inform management decisions.
Assist the CFO to participate in the annual budgeting process. Manage production of annual budget and forecasts. Calculate variances from the budget and report significant issues to management.
Prepare ad-hoc reports / analysis for senior management.
Calculate and issue financial and operating metrics
Treasury & Capital Management
Ensure all cash and banking functions are done properly and accurately with detailed cash/bank reconciliations done on all accounts.
Maximize cash flows through process improvements and attention to detail in regard to timing of cash in / cash out transactions.
Continue to drive a lean but flexible operation as required by a leveraged balance sheet and ensure covenant compliance with credit agreement
Ensure the fixed asset system works properly, accounting for all capital additions, deletions, and the related depreciation / accumulated depreciation accounts within the Capital-Expense Procedural guidelines.
Support future M&A pursuits and integration activities.
Ensure that periodic bank reconciliations are completed.
Ensure that required debt payments are made on a timely basis.
Ensure that company financial reports are prepared in compliance with policies and directives, US GAAP requirements.
Deliver annual financial audit with no material adjustments and provide recommendations for procedural improvements.
Coordinate work relating to both internal and external audits in the periodic review of the company’s financial records and also for the implementation of agreed upon recommendations, related to areas of responsibility, resulting from the audit findings.
Team Development / Leadership
Oversee, direct, and organize the work of the finance team direct reports
Deliver finance related education to team members including finance basics to new team members
Promote a culture of high performance and continuous improvement that values learning and a commitment to quality
Ensure finance team members receive timely and appropriate training and development
Establish and monitor finance team (direct reports) staff performance and development goals, assign accountabilities, set objectives, establish priorities, conduct annual performance appraisals, and compensation structure
Bachelor’s Degree in Accounting or Business Administration required, a master’s in accounting or business administration is preferred.
CPA is required.
Minimum 10 years’ experience in health care finance or accounting field, with a progress experience in management position
Strong demonstrated knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles.
Knowledge of automated financial and accounting reporting systems, with experience using Great Plains preferred.
Proficiency in Microsoft Office, with a strong emphasis on Excel.
Coordinated Health (CH) is a privately held, physician-owned acute-care hospital network in eastern Pennsylvania and western New Jersey. CH’s focused regional network has 1,200 employees at 17 sites with an ambulatory-based continuum of care. Access is provided by specialty hospitals, ambulatory surgery centers, multi-specialty clinics, walk-in centers and a rapid recovery suite. Service lines inc...lude musculoskeletal care, cardiology, women’s health and immediate and primary care, endocrinology, rheumatology, and general surgery. In Bethlehem, CH has exclusively earned the U.S. government’s new 5-star top CMS rating for hospital patient service, has earned top safety and patient satisfaction scores from HealthGrades.