Chief Financial Officer (CFO)

Lifepoint Health • Richmond, TX

1d

About The Position

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.

ESSENTIAL FUNCTIONS: To perform this job, an individual must perform each
essential function satisfacto-rily with or without a reasonable accommodation.

Administer 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.

Provide formal or informal direction in data processing, distributed systems,
material management and medical records functions.

Train subordinates on the above areas and monitor performance to ensure fiscal
responsibilities are fulfilled.

Assist 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 capi-tal
and staff expansions.

Develop long and short-range operational and capital budgets, which are
supported by the hospitals long and short-range plans and objectives.

Prepare cash flow analyses and budget variance analyses and make recommendations
on budget modifications as required.

Assist managers in the development of departmental budgets and the budget
process.

Monitor, interpret, and analyze hospital financial performance in realizing
established plans and objectives of the hospital.

Identify and report undesirable trends and potential business opportunities and
make recommendations for ac-tion.

Direct the preparation of internal financial reports including work papers for
annual financial audit.

Assure the timely and accurate preparation of financial reports and assure the
reports reliably reflect the financial position of the hospital.

Assume 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 gov-ernment and other regulatory agencies
including payroll tax reports, public disclosure reports and third-party payor
cost reports.

Regular and reliable attendance.

Perform 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.

Exhibit 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.

Requirements

• Bachelor's Degree in Accounting or Finance
• Minimum 15 years’ experience
• 3 years of experience working at the CFO level in an acute-care hospital
• 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 in-terpret graphs.
• Advanced Computer Skills -- Routine use of electronic mail and computer systems. Ability to incorporate com-plex 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 diploma-cy.
• 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.

Nice To Haves

• Master’s Degree Preferred
• Certified Public Accountant (CPA) Certifications Preferred
• Certified Public Accountant (CPA) License Preferred

Responsibilities

• Administer 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.
• Provide formal or informal direction in data processing, distributed systems, material management and medical records functions.
• Train subordinates on the above areas and monitor performance to ensure fiscal responsibilities are fulfilled.
• Assist 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 capi-tal and staff expansions.
• Develop long and short-range operational and capital budgets, which are supported by the hospitals long and short-range plans and objectives.
• Prepare cash flow analyses and budget variance analyses and make recommendations on budget modifications as required.
• Assist managers in the development of departmental budgets and the budget process.
• Monitor, interpret, and analyze hospital financial performance in realizing established plans and objectives of the hospital.
• Identify and report undesirable trends and potential business opportunities and make recommendations for ac-tion.
• Direct the preparation of internal financial reports including work papers for annual financial audit.
• Assure the timely and accurate preparation of financial reports and assure the reports reliably reflect the financial position of the hospital.
• Assume 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 gov-ernment and other regulatory agencies including payroll tax reports, public disclosure reports and third-party payor cost reports.
• Regular and reliable attendance.
• Perform other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive