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Chief Financial Officer
4 months ago
One of the nation’s largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. (UHS) has built an impressive record of achievement and performance. Growing steadily since its inception into an esteemed Fortune 500 corporation, annual revenues were $14.3 billion in 2023. During the year, UHS was again recognized as one of the World’s Most Admired Companies by Fortune; and listed in Forbes ranking of America’s Largest Public Companies. Headquartered in King of Prussia, PA, UHS has approximately 96,700 employees and continues to grow through its subsidiaries. Operating acute care hospitals, behavioral health facilities, outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located all over the U.S. States, Washington, D.C., Puerto Rico and the United Kingdom. www.uhs.com
UHS is currently recruiting for our CFO at Doctors Hospital of Laredo (Laredo, TX). Doctor's Hospital of Laredo has 183 licensed beds and is co-owned with physician investors. It is a Level III Trauma Center and has a Level III Neonatal Intensive Care Unit. The facility has over 40,000 emergency department visits each year and employs over 600 employees. The active medical staff consists of 190 physicians, including 120 active staff members. The hospitals service lines include: Cancer, Cardiology, Open Heart, Emergency Medicine, Surgery, Women’s Health, Dialysis. The hospital recently invested $9.2 million to expand the Intensive Care Unit and $7.6 million to expand our OP surgical services. The mission at Doctors Hospital —to provide the best healthcare services that patients recommend to families and friends, physicians prefer for their patients, purchasers select for their clients, employees are proud of, and investors seek for long-term results. This vision will be realized through our commitment to the following principles: service excellence, continuous improvement in measurable ways, employee development, ethical and fair treatment for all, teamwork, compassion, and innovation in service delivery.
The CFO job responsibilities will include:
- Maximize hospital financial performance. Analyze the profitability of existing hospital operations, product lines, contractual agreements, etc., making recommendations when appropriate for improvement. Act as a change agent to reduce expenses and reduce variation in organization/process/procedures. Metric-focused to target overall hospital improvement in operations and finance.
- Participate in the hospital financial reporting process. Supervise the preparation of reports outlining hospital’s financial position and operating profit and loss statement.
- Participate in the preparation and timely filing of federal, state, hospital association, third party, and other financial reports as required.
- Develop employees through appropriate management practices, creates a hospital climate to motivate employees to highest performance. Establish direction, coaches employees, provides feedback, and builds commitment.
This opportunity offers the following:
- Competitive compensation
- Excellent medical, dental vision and prescription plan
- Generous paid time off
- Challenging and rewarding work environment
- 401(k) retirement plan with a company match
- Relocation benefits
Qualifications
- To be considered for this role, you must possess a 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 all processes from registration (pre-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 are required; knowledge of all accounting processes including accounts payable, payroll and general accounting and effective ability to prepare financial statements and operating reports that accurately and timely reflect the entity’s performance.
- Must be skilled at interpreting the abstract pieces of financial analysis and performance; preparing schedules and reports, using source data and compiling reports from others’ schedules; skill in use of electronic spreadsheets and ability to manipulate data within proprietary and acquired data bases, 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.
- You must possess a Bachelor's degree in Accounting, Finance, or other closely-related field and a minimum of 10 years of relevant progressive financial experience, preferably with a healthcare organization. A Master's degree in Accounting, Finance, or other closely-related field is preferred with a minimum of 8 years of progressive financial experience in healthcare required.
