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Scotland Healthcare System - Chief Financial Officer

Charlotte, NC, United States
Job ID: 9628
Shift: Day
Shift Details: Regular
Department Name: 51011028342302-Human Resources Talent Acquisition and Workforce Admininstration
Location: Atrium Corporate Operations

Overview

Scotland Health Care System Summary:
Scotland Health Care System (SH) in Laurinburg, North Carolina is proud to be the community's health care system. SH is a community owned and controlled not-for-profit organization that includes Scotland Memorial Hospital, Scotland Physicians Network with sixteen medical practices, Scotland Regional Hospice (formerly Hospice of Scotland County), Scotland Family Counseling Center, and Scotland Memorial Foundation.
At Scotland Health Care System, we understand that healthcare is evolving. Advances in medicine and strides in technology are providing local communities access to better healthcare. It is our desire to provide you the best care possible. Our staff will be here to help you and your loved ones when the need arises. Scotland Health Care maintains affiliation with Atrium Health through a comprehensive Management Services Agreement. 


Our Beliefs About Our Future:

  •      To successfully accomplish our Mission and Vision our transformation must include creative and innovative changes in what we do and how we do it.
  •      We must change from a hospital and provider-centric model to a patient-centered, ambulatory model.
  •      There will be a continued focus on moving the industry to an increasingly ambulatory based delivery model focused on the health of the individual patient and the overall health of the population we serve.
  •      New payment models will incent us to better coordinate our patient’s care along the continuum of services. This includes both how our patients are treated and how their treatment information flows.
  •      New partners, arrangements, and competitors will emerge for us as a result of the new treatment and payment models. We will be strategically advantaged by coordinating access to a comprehensive continuum of care.
  •      Patients and their families will behave more like Consumers, expecting more Value, Convenience, and Access, in addition to caring and compassionate Service.
  •      Limited opportunities to pursue Smart Growth will necessitate us focusing our strategic efforts and resource allocation decisions.

Our Mission, Vision, and Values Statement
Mission: The Mission of Scotland Health Care System is to work with our health care partners to create and operate a patient centered, integrated system to provide Safe, High Quality, Compassionate, and Sustainable health care to the people we serve.
Vision: Scotland Health Care System will be recognized and chosen by patients and their families throughout our region for the quality and value of services we provide. This value will be demonstrated through the highest level of Quality and Service, along with the Safest environment. We will lead efforts to improve the health and well-being of the citizens in our region.
Values: We accept and are proud of our role as the safety net provider of essential services for our region.

  • As a community-owned health care system, we believe in transparency and accountability to our community for the decisions we make. These decisions will be made collaboratively and with the utmost integrity.
  • Our associates, physicians, other providers, and volunteers are our most important assets. We treat each other, along with our patients and families, with care, compassion, dignity and respect at all times.
  • We carry out all these principles in a financially prudent and sustainable manner to ensure we stay focused on our Mission.

Our Past, Our Present and Our Future
Our History: Scotland Memorial Hospital started in 1946 in the medical facilities of the deactivated Laurinburg/Maxton Air Base. In 1951, the hospital moved to McLean Street as a 100-bed facility and with additions in 1956 and 1965, increased the number of its acute care beds to 124. In 1983, the hospital opened the current facility on Lauchwood Drive. We are currently licensed for 104 acute care beds.
Scotland Health Care System Today: Scotland Health Care System continues to concentrate on what the community wants: high-quality services focused on individual patient needs. We are this area's largest private employer, with a staff of over 1,000 full-time and part-time associates. Over 100 physicians and advanced clinical practitioners are on our staff.
Our Future: Continuing to recruit and retain quality professionals and continuing our evolution into an integrated health care system are our most exciting strategies. We remain confident that we will continue to thrive by focusing on providing high-quality care and service as efficiently as possible. Rest assured, when you need medical care, from our Emergency Center to our inpatient care, Scotland Health Care System is here to provide you and your family with excellent and safe health care close to home.

Position Summary:
Reporting to the VP, Finance – Atrium Health with a dotted-line to the Chief Executive Officer - Scotland Health, the CFO is an employee of Atrium Health.  The Chief Financial Officer (CFO) will serve as the key financial advisor to the CEO, executive team and the Board.  The CFO is accountable for the finance functions at Scotland Heath Care System, which include assisting the CEO with overall strategic and financial direction, financial monitoring/oversight, and budget preparation/monitoring.  The CFO will ensure integrity of the revenue cycle, cash management, accurate accounting and financial reporting and budgeting/forecasting.  He/she will be active and visible in hospital operations and will serve as the right-hand executive to the CEO.  The CFO will make presentations to the Board and will work closely with the Finance Committee.  He/she will successfully navigate the corporate relationships within Atrium Health.  The CFO will work successfully with managers and department heads to drive initiatives.
 

Key Responsibilities:

  • Analyzes, monitors, and presents results of financial operations to the CEO, Scotland executive team, Atrium Health, Finance Committee and Board of Directors for Scotland Health.
  • Conducts monthly financial reviews of entity spending and revenue to minimize organizational risk of deficits; provides linkage of financial operating results to the CEO and executive team.
  • Works closely with the CEO and other executive team members in preparing and interpreting financial data, reviewing on-going operations, developing and analyzing business models, evaluating investments and recommending workable proposals, and formulating goals and policies regarding the financial control and administration of the company’s assets.
  • Works collaboratively with functional area leaders within  Atrium Health  to assess, and when appropriate, implement best practice programs and methods. 
  • Directs development of organization’s long-term financial plans by proactively determining future projections, trends and scenarios that are useful for strategic planning and management.
  • Serves as a strong voice in risk assessment on project funding, allocation priorities and the ability to meet goals/outcomes given financial health of the organization.
  • Oversees the tax reporting and preparation process of Scotland Health care and all related entities cost reports and third party contracts.

Qualifications:
Education:

  • Bachelor’s degree in finance, accounting, business administration or equivalent discipline is required.
  • Master’s degree preferred in finance, accounting, business administration OR certification as a public accountant required.

Work Experience:

  • A minimum of 10 years of healthcare delivery system administration; diverse portfolio with hospital land large medical group finance leadership roles.
  • Business minded leader who understands healthcare finance
  • For-profit hospital experience is strongly desired
  • Must be well versed in organizational expense management. 
  • Be comfortable working in a highly matrixed environment
  • Experience working in a structure which includes corporate and specific entity relationships, with an ability to balance the needs of both.

Critical Success Factors:

  • Within the first 6 months, establish sustainable relationships within the finance team, CEO, and Atrium Health partners. Develop a solid working knowledge of current business finance opportunities and strategies for Scotland Health.
  • Within the first year, positively contribute and advance the finance team and environment.
  • Within 2 years, demonstrate an enhanced level of autonomy and a proven track record of achieving and exceeding goals, capabilities advancements and operational performance for the department and the regional health system.

Enterprise Leadership Imperatives:

Thinks Critically and Strategically

  • Recognizes the strategic issues facing their areas of responsibility and Atrium Health as a whole.
  • Engages in rigorous problem definition, data collection, and analysis, then makes well-informed decisions in a timely manner.
  • Connects the dots in complex business situations and distills their essence into actionable insights.
  • Sees the big picture and has a long-term perspective, while balancing it against short-term realities.
  • Identifies potential scenarios, assesses risks and ways to mitigate them, and charts the best path forward.

Envisions and Enacts the Future

  • Creates a compelling vision of an achievable future.
  • Communicates simply and powerfully why change is necessary.
  • Mobilizes people and organizational resources to realize their vision.
  • Catalyzes innovation and builds adaptive capabilities.
  • Is a committed steward of the Atrium Health culture.

Connects and Collaborates Across and Beyond Atrium Health

  • Recognizes the critical importance of integration and collaboration in achieving high performance.
  • Convenes and nurtures cross-system teams, and works effectively in the “white spaces.”
  • Seeks win-win outcomes and puts the well-being of the patient and the overall organization first.
  • Leads effectively across cultures.

Builds and Leads Inclusive, High-performing Leadership Teams

  • Understands the value of diversity in teams and seeks to get the best out of all people.
  • Gets the right people in the right roles, then aligns and energizes them to achieve excellence.
  • Establishes trust and creates a culture of psychological safety to enable candid debate.
  • Builds consensus; decides when necessary.
  • Delivers outstanding results through others.

Understands and Shapes the External Environment

  • Is deeply knowledgeable about patient needs, the Atrium Health business model, and the competitive, political and social environments in which the organization operates.
  • Understands the importance of actively engaging with and shaping these environments.
  • Identifies, assesses and builds relationships with key stakeholders.
  • Is proactive in identifying potential threats and opportunities and adapts rapidly in the face of changing circumstances.
  • Mobilizes and directs supporting capabilities in public affairs, communications and government relations to achieve desired outcomes.

Builds Talent for and Across the System

  • Demonstrates personal accountability for developing future generations of Atrium Health leaders who reflect the diversity of the communities we serve.
  • Engages actively with colleagues in assessing and developing executive talent, focusing both on competencies and character.
  • Identifies future skillset needs, then recruits and develops people to meet those needs.
  • Invests time in coaching and mentoring high-potentials for success.
  • Is a role model, embodying the best of Atrium Health’s culture.