CFO - ACUTE

UHS•Washington, DC

2h•Onsite

About The Position

Universal Health Services (UHS), a Fortune 300 corporation and a leading provider of hospital and healthcare services, is seeking a Chief Financial Officer (CFO) for George Washington University Hospital in Washington, DC. GW Hospital is a 395-bed tertiary care, academic medical center with a Level I Trauma Center and a Level III NICU, offering specialized care in various medical fields. The CFO will play a crucial role in maximizing the hospital's financial performance, analyzing profitability, and driving improvements in operations and finance. This position involves overseeing financial reporting, developing staff, and contributing to a positive work environment.

Requirements

Working knowledge of GAAP, Medicare and Medicaid regulations, and federal and local tax regulations.
Knowledge of all business office and other administrative office operations, including processes from registration through discharge and terminal resolution of the patient bill.
Knowledge of managed care and other payer processes and agreements, including specific terms for negotiation.
Knowledge of all accounting processes including accounts payable, payroll, and general accounting.
Effective ability to prepare financial statements and operating reports that accurately and timely reflect the entity’s performance.
Skilled at interpreting abstract pieces of financial analysis and performance.
Ability to prepare schedules and reports, using source data and compiling reports from others’ schedules.
Skill in the use of electronic spreadsheets.
Ability to manipulate data within proprietary and acquired databases, using ACCESS, ECLYPSIS, or other databases.
Adept at skillfully communicating ideas and facts, packaging information and concepts in a way that increases understanding by others.
Bachelor's degree in Accounting, Finance, or other closely-related field.
A minimum of 10 years of relevant progressive financial experience, preferably with a healthcare organization.

Nice To Haves

Master's degree in Accounting, Finance, or other closely-related field.
A minimum of 8 years of progressive financial experience (healthcare organization strongly preferred) if a Master's degree is obtained.

Responsibilities

Maximize hospital financial performance by analyzing the profitability of existing hospital operations, product lines, and contractual agreements, and making recommendations for improvement.
Act as a change agent to reduce expenses and minimize variation in organization, processes, and procedures.
Utilize a metric-focused approach to target overall hospital improvement in operations and finance.
Participate in the hospital financial reporting process, supervising the preparation of reports on the hospital’s financial position and operating profit and loss statement.
Participate in the preparation and timely filing of required federal, state, hospital association, third-party, and other financial reports.
Develop employees through appropriate management practices, fostering a hospital climate that motivates employees to achieve their highest performance.
Establish direction, coach employees, provide feedback, and build commitment.