Pascack Valley Medical Center hiring Chief Financial Officer in Westwood, NJ | LinkedIn (2024)

Ardent Health is a leading provider of healthcare in communities across the country. With a focus on consumer-friendly processes and investments in innovative services and technologies, Ardent is passionate about making healthcare better and easier to access. We are driven by our purpose of caring for people: our patients, our communities and one another.

Located in Nashville, Tennessee, Ardent has earned a reputation as one of the industry’s strongest and most innovative healthcare systems. Our facilities and clinics are consistently recognized among healthcare’s best employers. We recognize each hospital and clinic is as unique as the community it serves. We strive to maintain strong community ties through advisory boards, contributions, charitable care, education and outreach.

Ardent includes:

• 30 hospitals
• 200+ sites of care
• 4,323 beds
• 23,000+ team members
• 8,168 nurses
• 1,700+ aligned providers
• 5.7M annual provider encounters
• $5.1B in revenues

Ardent makes considerable investments in people, technology, facilities, and communities, producing high quality care and extraordinary results. From newly constructed facilities and expanded services, to lifesaving technology and outstanding opportunities for employees, Ardent is committed to providing its hospitals and clinics the tools needed to succeed.

We believe it is this mix of corporate support and local autonomy that equips our teams for success.

Hackensack Meridian Pascack Valley Medical Center:

Hackensack Meridian Pascack Valley Medical Center is a 128-bed, full-service, acute-care community hospital, located in Westwood, NJ providing a caliber of care consistent with Hackensack Meridian Health’s world-class standard. The state-of-the-art facility features a new Emergency Department, a maternity center, a women’s imaging center, cardiac and pulmonary rehabilitation, a center for joint replacement, a wound care center, and an intensive/critical care unit.

We are proud to be certified by the Joint Commission for Stroke, Sepsis, and Ortho/Hip and Knee, and our maternity care is top-rated, with recognition as one of America's Best Maternity Hospitals by both U.S. News and World Report and Newsweek. Additionally, we have been recognized as a Top Community Hospital by Leapfrog Group among other recognitions.

We have an exciting opportunity to join our leadership team at Hackensack Meridian Pascack Valley Medical Center (PVMC) as a Chief Financial Officer.

POSITION SUMMARY

The Chief Financial Officer (CFO) is responsible for the overall financial administration for the facility. Additional areas of responsibility may include: general accounting, data processing, materials management, information systems, and financial reporting. This position ensures that the internal controls are adequate to safeguard the assets of each entity and that the accounting systems are sufficient to generate accurate and timely financial reporting.

• Help create and implement initiatives in order to build and grow the facilities.
• Help analyze and see ideas from a financial mindset in order to help ensure the success of future endeavors.
• Consult the Regional CFO and Corporate office personnel concerning the facility’s financial affairs, financial goals, and objectives.
• Develop the operating policies and procedures.
• Ensure the accurate review of product line analysis, and consult with the facility CEO’s and Regional CFO.
• Prepare financial and management reports and prepare and administer the facility’s annual operation and capital budget.
• Partner with facility CEO’s and other executive team members on preparing the annual facility business plan.
• Plan and coordinate functions and activities of assigned departments. Responsibilities include evaluating performance and initiating or recommending personnel actions and maintaining good employee relations with department staff.
• Ongoing monitoring of expense structure to identify opportunities for efficiencies and cost reduction.
• Actively participate in Board of Trustees, Joint Venture Board, Medical Staff and community meetings.
• Direct preparation of projections to inform facility and Regional leadership of anticipated performance in future periods.
• Review and maintain a healthy revenue cycle to ensure consistent cash flow.
• Work with the Region and joint venture partner on managed care negotiations to maximize payer contracts.

Education & Experience

• Bachelor’s Degree in accounting/finance or related field required; Master's Degree from an accredited college or university in Hospital Administration or Business Administration preferred.
• Experience as a hospital CFO; Experience in an integrated health delivery system strongly preferred.
• CPA certification preferred.

Knowledge, Skills & Abilities

• Current knowledge of JCAHO, OSHA, state and federal regulatory standards.
• Excellent leadership and interpersonal skills to effectively communicate ideas, problems, instructions (written and oral) with corporate management staff, facility management staff and employees.
• Ability to analyze situations, evaluate data, recommend, and implement courses of action that would improve the functioning of the company.
• Ability to interpret, adapt, and apply guidelines, policies and procedures.
• Ability to use sound judgment in decision making and react calmly and effectively in an emergency situation.
• Knowledge of strategic planning and short and long-range goal implementation.