Chief Financial Officer

Prime Healthcare Management Inc•, RI

57d•$250,000 - $280,000

About The Position

Prime Healthcare is seeking Chief Financial Officers to lead individual facilities within its family of acute care hospitals, including future hospitals. The role supports the organization’s mission of saving hospitals, saving jobs, and saving lives while delivering exceptional care. The CFO carries out policies established by the hospital’s Governing Board and provides periodic reports on hospital financial activities. The position plans, organizes, and oversees financial department activities and ensures that hospital financial records are maintained in accordance with generally accepted accounting standards. It also prepares operating, capital expenditure, and cash flow budgets for approval and supervises financial affairs to ensure funds are collected and spent effectively within approved budgets. The CFO is expected to set and meet measurable goals, adapt work schedules and assignments to changing priorities, resolve complex problems, contribute to organizational performance improvement, and balance process-level concerns with broader organizational thinking. The position requires commitment to the organization’s mission, philosophy, and goals.

Requirements

Bachelor’s degree in Accounting, Finance, or a closely related field.
Extensive knowledge of health care accounting practices and principles.
Progressively responsible position in the accounting profession.
Five to seven years of experience in hospital accounting or finance.
Experience managing hospital financial issues related to budgeting, cash management, capital finance, and performance evaluations.
Proficiency with end-to-end hospital revenue cycle operations.
In-depth knowledge of insurance matters, regulations, reimbursement, information systems, and plant operations.
Familiarity with computer accounting programs.

Nice To Haves

Two years of management experience preferred.
CPA preferred.
Membership and active participation in ACHE and/or another professional organization preferred.

Responsibilities

Carry out policies and procedures established by the Governing Board, consistent with the hospital’s philosophy and practices.
Present periodic reports on hospital financial activities to the Governing Board or its authorized committees.
Plan, organize, and influence department activities, and ensure hospital financial records are maintained in accordance with generally accepted accounting standards.
Prepare annual operating, capital expenditure, and cash flow budgets and submit them for approval.
Supervise financial affairs to ensure funds are collected and expended effectively and within approved budgets.
Set realistic goals and meet them using criteria that measure effective outcomes, focus, and drive.
Adapt work schedules and assignments to meet changing demands and priorities.
Use analytical abilities, pragmatism, and other tools to resolve complex problems.
Identify problems and possible solutions and contribute to organizational performance improvement.
Connect processes, events, and systems while balancing process orientation with big-picture thinking.
Support the organization’s mission, philosophy, and goals.