Chief Financial Officer (CFO)
LifePoint Health, Richmond, TX, United States
Chief Financial Officer (CFO) - Facility
The Chief Financial Officer (CFO) - Facility drives key strategic initiatives for a facility or multiple facilities, providing oversight of all Financial Operations and operational performance.
Position Summary:
The Chief Financial Officer (CFO) - Facility administers the general accounting, patient business services, including third party reimbursement, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures. Provides formal or informal direction in data processing, distributed systems, material management and medical records functions. Trains subordinates on the above areas and monitors performance to ensure fiscal responsibilities are fulfilled. Assists the Chief Executive Officer (CEO) in the development of long and short-range hospital operations plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions. Develops long and short-range operational and capital budgets, which are supported by the hospitals long and short-range plans and objectives. Prepares cash flow analyses and budget variance analyses and makes recommendations on budget modifications as required. Assists managers in the development of departmental budgets and the budget process. Monitors, interprets, and analyzes hospital financial performance in realizing established plans and objectives of the hospital. Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action. Directs the preparation of internal financial reports including work papers for annual financial audit. Assures the timely and accurate preparation of financial reports and assures the reports reliably reflect the financial position of the hospital. Assumes a lead role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures. Responsible for direction and submission on a timely basis all financial data associated reports required by government and other regulatory agencies including payroll tax reports, public disclosure reports and third-party payor cost reports. Regular and reliable attendance. Performs other duties as assigned.
Additional Information:
Position serves both internal co-workers and external customers, clients, patients, contractors, and vendors. Access to and/or works with sensitive and/or confidential information. Exhibits a comprehensive understanding of healthcare regulatory and compliance (e.g., HIPAA). Skilled in the application of policies and procedures. Knowledge of Business Office Standards and Recommended Practices. Knowledge of Generally Accepted Accounting Principles (GAAP), Securities and Exchange Commission (SEC) regulations, and state regulatory environments as needed.
Supervisory Responsibilities:
Manages the work of others, including planning, assigning, scheduling and reviewing work, ensures quality standards. Responsible for hiring, terminating, training and developing, reviewing performance and administering corrective action for staff.
Knowledge, Skills & Abilities:
Education: Bachelor's Degree in Accounting or Finance; Master's Degree Preferred. Experience: Minimum 15 years' experience with 3 years of experience working at the CFO level in an acute-care hospital is required. Certifications: Certified Public Accountant (CPA) Certifications Preferred. Licenses: Certified Public Accountant (CPA) License Preferred. Skills and Abilities: Business Mathematical Skills -- Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rates, ratios, and percentages and to draw and interpret graphs. Advanced Computer Skills -- Routine use of electronic mail and computer systems. Ability to incorporate complex and complicated functions into documents, spreadsheets, databases, and presentations to support business objectives. Organizational Communication -- Handles broad-based complex information across departments with company-wide impact. Presents to diverse audiences, and can negotiate, motivate and persuade others. Organizational Business Problems -- Problems are broad, complex and abstract, often involving company-wide issues. Must develop solutions using substantial creativity, resourcefulness, innovation, negotiation and diplomacy. Organizational Impact -- Decisions have significant, broad implications for the management and operations of a division. Job contributes to decisions on the overall strategy and direction of LifePoint. Organizational Judgement -- Sets direction and vision for major departments or multiple departments. Establishes priorities, develops policies and allocates resources for LifePoint. Organizational Planning/Organization -- Prioritize, organize, and delegate project assignments company-wide: responsible for project outcomes.
Physical and Mental Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job responsibilities. While performing the duties of this job, the employee is occasionally required to stand; walk; sit for extended periods of time; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, bend, crouch or crawl; talk or hear; taste or smell. The employee must occasionally lift and/or move up to 20 pounds. Repetitive motion of upper body required for extended use of computer. Required specific vision abilities include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
Work Environment and Travel Requirements:
Work environment characteristics described here are representative of those that an employee may encounter while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job responsibilities. Works in well-lit, ventilated and climate controlled office environment with routine office equipment; some equipment has moving mechanical parts. In hospital environment, may be exposed to hazards and unusual elements, which may include but are not limited to bloodborne pathogens and/or contagious illnesses, toxic chemicals, and biohazardous materials which may require extensive safety precautions and the use of protective equipment. Noise level in the work environment is typical for an office and/or hospital environment. Moderate overnight travel (up to 30%) by land and/or air.
The Chief Financial Officer (CFO) - Facility drives key strategic initiatives for a facility or multiple facilities, providing oversight of all Financial Operations and operational performance.
Position Summary:
The Chief Financial Officer (CFO) - Facility administers the general accounting, patient business services, including third party reimbursement, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures. Provides formal or informal direction in data processing, distributed systems, material management and medical records functions. Trains subordinates on the above areas and monitors performance to ensure fiscal responsibilities are fulfilled. Assists the Chief Executive Officer (CEO) in the development of long and short-range hospital operations plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions. Develops long and short-range operational and capital budgets, which are supported by the hospitals long and short-range plans and objectives. Prepares cash flow analyses and budget variance analyses and makes recommendations on budget modifications as required. Assists managers in the development of departmental budgets and the budget process. Monitors, interprets, and analyzes hospital financial performance in realizing established plans and objectives of the hospital. Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action. Directs the preparation of internal financial reports including work papers for annual financial audit. Assures the timely and accurate preparation of financial reports and assures the reports reliably reflect the financial position of the hospital. Assumes a lead role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures. Responsible for direction and submission on a timely basis all financial data associated reports required by government and other regulatory agencies including payroll tax reports, public disclosure reports and third-party payor cost reports. Regular and reliable attendance. Performs other duties as assigned.
Additional Information:
Position serves both internal co-workers and external customers, clients, patients, contractors, and vendors. Access to and/or works with sensitive and/or confidential information. Exhibits a comprehensive understanding of healthcare regulatory and compliance (e.g., HIPAA). Skilled in the application of policies and procedures. Knowledge of Business Office Standards and Recommended Practices. Knowledge of Generally Accepted Accounting Principles (GAAP), Securities and Exchange Commission (SEC) regulations, and state regulatory environments as needed.
Supervisory Responsibilities:
Manages the work of others, including planning, assigning, scheduling and reviewing work, ensures quality standards. Responsible for hiring, terminating, training and developing, reviewing performance and administering corrective action for staff.
Knowledge, Skills & Abilities:
Education: Bachelor's Degree in Accounting or Finance; Master's Degree Preferred. Experience: Minimum 15 years' experience with 3 years of experience working at the CFO level in an acute-care hospital is required. Certifications: Certified Public Accountant (CPA) Certifications Preferred. Licenses: Certified Public Accountant (CPA) License Preferred. Skills and Abilities: Business Mathematical Skills -- Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rates, ratios, and percentages and to draw and interpret graphs. Advanced Computer Skills -- Routine use of electronic mail and computer systems. Ability to incorporate complex and complicated functions into documents, spreadsheets, databases, and presentations to support business objectives. Organizational Communication -- Handles broad-based complex information across departments with company-wide impact. Presents to diverse audiences, and can negotiate, motivate and persuade others. Organizational Business Problems -- Problems are broad, complex and abstract, often involving company-wide issues. Must develop solutions using substantial creativity, resourcefulness, innovation, negotiation and diplomacy. Organizational Impact -- Decisions have significant, broad implications for the management and operations of a division. Job contributes to decisions on the overall strategy and direction of LifePoint. Organizational Judgement -- Sets direction and vision for major departments or multiple departments. Establishes priorities, develops policies and allocates resources for LifePoint. Organizational Planning/Organization -- Prioritize, organize, and delegate project assignments company-wide: responsible for project outcomes.
Physical and Mental Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job responsibilities. While performing the duties of this job, the employee is occasionally required to stand; walk; sit for extended periods of time; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, bend, crouch or crawl; talk or hear; taste or smell. The employee must occasionally lift and/or move up to 20 pounds. Repetitive motion of upper body required for extended use of computer. Required specific vision abilities include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
Work Environment and Travel Requirements:
Work environment characteristics described here are representative of those that an employee may encounter while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job responsibilities. Works in well-lit, ventilated and climate controlled office environment with routine office equipment; some equipment has moving mechanical parts. In hospital environment, may be exposed to hazards and unusual elements, which may include but are not limited to bloodborne pathogens and/or contagious illnesses, toxic chemicals, and biohazardous materials which may require extensive safety precautions and the use of protective equipment. Noise level in the work environment is typical for an office and/or hospital environment. Moderate overnight travel (up to 30%) by land and/or air.