Chief Financial Officer- Desert Regional Medical Center

Conifer Health Solutions • Palm Springs, CA

23h • Onsite

About The Position

Tenet Healthcare Corporation is a diversified healthcare services company headquartered in Dallas, operating a care delivery network including United Surgical Partners International, acute care and specialty hospitals, outpatient facilities, employed physicians, and Conifer Health Solutions. Their mission is to deliver quality, compassionate care. Desert Regional Medical Center, founded in 1948 in Palm Springs, California, is a 385-bed tertiary acute-care hospital and the Coachella Valley’s only Level 1 designated trauma center, Comprehensive Stroke Center, and Level 3 Neonatal Intensive Care Unit. It is part of the Desert Care Network, which includes other hospitals and outpatient locations. The Chief Financial Officer is responsible for safeguarding facility assets, ensuring financial statements comply with GAAP, and maintaining effective internal controls. This role is a key member of the Facility A-Team, participating in strategic business plans and interacting with internal and external constituents, including regulatory bodies.

Requirements

• At least ten years of progressive financial healthcare or equivalent experience in the areas of general accounting; operations; financial systems; financial statement preparation; review and analysis; multi-discipline management experience; and ethics.
• Good organizational skills with the ability to prioritize workload and successfully manage all financial activities.
• Resilience to working successfully under pressure.
• Ability to convert complex finance, operational, and compliance issues into terms and concepts that are easily disseminated throughout all levels of the organization.
• A referenceable track record in facility finance, defining the issues and making the decisions to generate improved financial performance.
• Participation, as well as supervisory experience, in negotiating managed care contracts.
• Substantial financial management experience includes financial operations, strategic and financial planning, contracts, reimbursement, budgeting, and capital financing in a complex environment.
• A thorough understanding of healthcare trends with the ability to anticipate opportunities.
• Successful experience as a Chief Financial Officer in a highly competitive market.
• A cooperative approach to problem-solving with the capability of building consensus and support, working across functional lines to engage disparate resources to work together to achieve desired results.
• A broad financial thinker and team player who works well with ambiguity and is able to transfer the vision/mission of the organization into a focused financial strategy and detailed practical plan for the future.
• An intuitive thinker who generates ideas and recommends new and/or modified approaches.
• An individual of highest personal and professional integrity, principle, and knowledge, earning respect and support when making difficult decisions and choices.
• Able to establish immediate credibility with peers, senior leadership, and medical staff.
• Must listen actively and accurately, encourage input from others.
• Provide clear directions.
• Maintain an ongoing dialogue with employees to ensure continual progress.
• Someone with the ability to work collaboratively with individuals critical to the successful execution of financial tasks.
• Excellent oral and written presentation skills.
• Articulate, good conversationalist and possessing a gracious demeanor.
• A bachelor’s degree in finance or accounting.

Nice To Haves

• An MBA, MHA and/or CPA designation strongly preferred.

Responsibilities

• Identify and independently assess financial risk, establish and monitor mitigation plans, and communicate financial risk and opportunity to the Group Chief Financial Officer and Facility Chief Executive Officer.
• Monitor financial performance and maintain reasonable and appropriate financial plans and forecasts.
• Work collaboratively and effectively with home office departments such as Compliance, Home Office Accounting/Financial Reporting, Information Systems, Internal Audit, Legal, Treasury, and other support services.
• Monitor the revenue cycle process and improve it through rate setting, charge capture, managed care negotiations, and cash collections.
• Evaluate and manage investments in capital projects by applying unbiased scrutiny in determining financial impact and ROI, and managing capital spend in accordance with capital cash flow projections.
• Analyze daily operating results to ensure that revenues, expenses, and labor are within budgeted objectives; advise department heads and administration of needed changes and improvements in a timely manner.
• Establish and maintain sound financial controls and record keeping; approve financial expenditures up to the level established by the CEO.
• Keep abreast of government regulatory requirements and the rapidly changing reimbursement environment to develop and implement changes to policies and procedures as needed.
• Ensure that the financial operations of the facility are carried out in an ethical, responsible manner.
• Establish and monitor the annual operating budget according to sound budgeting principles and home office guidelines.
• Interface with Human Resources and other appropriate departments in the preparation of work force plans and salary and benefit proposals.
• Evaluate the facility’s overall financial position and prepare periodic financial and operating reports.
• Provide consistent and accurate financial, accounting and reporting processes throughout the facility.
• Prepare financial forecasts and monitor performance versus budget; consolidate results, prepare rolling 90-day forecasts, and develop and implement cash management controls.
• Coordinate with other senior members of the leadership team in the development of major strategic and financial plans, including capital expenditure programs.
• Review, evaluate and ensure the effectiveness of all financial and accounting systems in the facility.
• Direct the development and implementation of new systems, policies and procedures as required.
• Assist in the development of new businesses by analyzing the feasibility of new programs, including managed care contracts, and advise management of financial prospects.
• Attend promptly to the administrative details of the position including the signing of documents, preparation of reports, completion of performance appraisals and other employee-related actions.

Benefits

• Position may be eligible for an Annual Incentive Plan bonus of 10%-50% depending on role level.
• Management level positions may be eligible for sign-on and relocation bonuses.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 1,001-5,000 employees