Chief Financial Officer

Company: Community Hospital Corporation
Location: La Grange
Posted on: May 3, 2021

Job Description:

Job Description

The Chief Financial Officer for this acute care hospital will follow the direction of the Hospital CEO, Board of Directors and CHC's SVP of Hospital Financial Operations. The CFO is responsible for providing leadership and oversight of the overall financial planning and financial operations for St. Mark's Medical Center, La Grange, TX while ensuring compliance with the hospital's mission, vision, values, goals, strategic direction, and applicable laws and regulations.

S/he appraises the organization's financial position and issues periodic financial and operating reports; directs the hospital's financial planning, revenue cycle, payroll, and accounting practices; oversees and directs treasury, budgeting, audit, tax, purchasing, real estate and insurance.

The CFO develops and implements policies and procedures to include safeguarding of assets and adherence to generally accepted accounting principles; ensures proper accountability and reporting to federal and state agencies and all matters pertinent to a fiscally responsible flow of operations. S/he assures the implementation and adherence to CHC system-wide financial policies and procedures.

The CFO is responsible for positive relationships and effective communications with lending institutions, the financial community, Community Hospital Corporation, medical staff, employees, volunteers, community representatives and board members as appropriate.

Major Responsibilities

• Retains all hospital accreditations, licensures and designations in good standing.
• Assures hospital compliance with federal, state and local government laws and regulations, accrediting agency standards, hospital policies and procedures and rules and regulations. Acts promptly to comply with required changes.
• Participates in the development of the facility's strategic plan and short and long-term objectives which will ensure the continued growth of the facility and the provision of necessary services to the community; implementing plans and programs as approved by the governing board.
• Operations Management: Collects and analyzes data from internal and external sources regarding current way of doing business, finance, accounting, information management and related processes. Conducts needs analysis, identifies and prioritizes needs, applies good problem solving skills. Identifies alternate processes and potential solutions and acts to implement changes to improve financial operations.
• Financial Management: Participates in the preparation and management of sound operating, project and capital budgets. Ensures the effective use of risk management, financial controls, productivity measures, reimbursement principles and contracting. Meets budget-critical financial metrics. Effectively negotiates third-party contracts. Provides stewardship of all financial and physical resources.
• Human Resources: Ensures the availability of adequate numbers of competent staff (including physicians and contract labor) that are properly credentialed, educated, trained, motivated and engaged. Directs performance management systems including policies/practices for providing timely feedback, recognizing excellence and dealing with problem behavior and poor performance.
• Information Management: Ensures effective collection, categorization, filing, management, privacy, confidentiality, security, redundancy, retrieval and reporting capabilities of all data and information used by the hospital. Guides the development of plans for meeting the growing demands of information management and the development of information technology especially relevant to healthcare.
• Vision and strategy setting: Establishes and communicates a clear and compelling vision. All stakeholders know the hospital's mission, vision, and priorities. Works with Board, senior management team, physicians and staff to develop, implement, and update strategies and opportunities for growth and improvement to support the hospital's mission and respond to external and internal issues.
• High performance culture: Conveys values and acceptable behavior to all stakeholders through own actions. Creates an organizational climate that encourages teamwork, builds employee engagement, collaborates, accepts accountability, and produces quality results. Inspires individual and organizational excellence.
• Internal Communication and Relationship: Demonstrates effective interpersonal relations including influencing/persuading at all levels inside the hospital and corporation. Builds rapport and trust with team through frequent/timely communication. Develops and maintains effective medical staff relationships. Seeks input from stakeholders. Anticipates and addresses concerns. Contributes to the creation of a culture of communication.
• External Communication and Relationship: Works with community leaders as appropriate to assess community healthcare needs, build a positive hospital image and market hospital services. Actively participates in his/her community through civic and other service. Demonstrates appropriate political savvy, tact and diplomacy.
• Talent Development: Wants people to develop. Accurately assesses developmental needs and provides frequent feedback, coaching, and personal development opportunities. Faces up to performance and behavior problems quickly and directly. Takes action promptly to remove talent that is non-responsive to coaching and developmental activity.
• Accountability: Sets clear, consistent goals and expectations. Holds self and others accountable for decisions and actions. Demands high performance. Is reliable, keeps commitments, and delivers results. Creates an ownership culture.
• Champion for Change: Speaks out for change and helps staff understand reasons for, and benefits from, change. Links change to work processes and involves stakeholders in the change process. Follows through on change initiatives. Maintains the hospital's compliance with all regulatory and legal requirements.

Supervisory Responsibilities

• Manage subordinate manager(s) who supervise employee(s) and/or supervise individual contributors as appropriate
• Provide overall direction, coordination and evaluation of all units under supervision
• Carry out supervisory responsibilities in accordance with hospital and CHC's policies and applicable laws
• Interview, hire, and train employees
• Plan, assign and direct work
• Appraise performance and develop staff
• Reward and recognize notable performance
• Address complaints, resolve problems and address unacceptable behavior

Requirements

• BS/BA degree in finance, accounting, business or a related discipline required. A CPA designation preferred. A graduate level degree is a plus.
• 5 - 7 years of progressive career experience in Hospital Finance/Accounting.
• Hospital CFO experience required.
• Requires managerial experience and demonstrated understanding and experience with hospital financial reporting, revenue cycle management, accounting, budgeting, accounts payable, treasury, audit, tax, payroll, information technology and materials management.
• Prefer experience with Medhost.

Benefits

Competitive salary offered with an incentive compensation plan, 401(k) savings and match, 18 days PTO and 9 paid Holidays. Insurance to include: Medical, Dental, and Vision insurance, health and dependent care spending accounts, life insurance, long-term and short-term disability coverage, tuition assistance program and employee assistance program.

About St. Mark's Medical Center

St. Mark's Medical Center, located in La Grange, TX is a 65-bed,100,000-square foot not-for-profit community hospital serving the needs of patients in the central Texas communities of Fayette and Lee counties. Its mission is 'to provide excellent care with a spirit of family and hometown trust.' Part of the Community Hospital Corporation family of hospitals, St. Mark's Medical Center provides an array of comprehensive healthcare services that range from cardiac care and cardiac rehabilitation to surgical services, and specialist care, emergency medicine and general acute care services. St. Mark's also offers state of the art imaging and certified laboratory services. Our clinical affiliation with St. David's HealthCare in Austin continues to build best clinical practices for our communities. La Grange is located only 60 minutes from Austin, and 90 minutes from Houston or San Antonio. La Grange offers country living with easy access to international airports and other big city amenities. For more information, please visit www.smmctx.org.

About Community Hospital Corporation

Community Hospital Corporation is a Texas not-for-profit company whose sole mission is to help not-for-profit hospitals, such as St. Mark's Medical Center, remain community-operated and governed. CHC owns, manages and consults with hospitals through three distinct organizations - CHC Hospitals, CHC Consulting and CHC Continue Care, which share a common purpose of preserving and protecting community hospitals. Based in Plano, Texas, the organization provides the resources and experience community hospitals need to improve quality outcomes, patient satisfaction and financial performance.

For more information about CHC, please visit the company website at www.communityhospitalcorp.com.

Keywords: Community Hospital Corporation, Bryan , Chief Financial Officer, Other , La Grange, Texas