Chief Financial Officer

3 days ago

MI United States Forest View Hospital Full time
Responsibilities

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.

Located just seven miles southeast of downtown Grand Rapids, Michigan, Forest View Hospital is a private psychiatric facility that serves community and surrounding areas. The hospital has a total of 108 beds for inpatient treatment of children, adolescents, and adults. Forest View Hospital also offers a Partial Hospitalization Program for children, adolescents and adults as well. Additionally, Forest View Hospital offers several specialty programs to address specific issues such as eating disorders, psychological trauma, and Co-Occurring Disorder treatment.

Key Responsibilities:

  1. Monitors and controls accounts receivables. Closely oversees Business Office functions to ensure cash collection goals are met, and net revenue is properly stated. Facilitates weekly A/R meeting with CEO and Business Office Manager to communicate results and monitor areas of weakness. Monitors and affects as needed relationship between Business Office, Intake and Utilization Review departments to maximize patient revenue.
  2. Improves the profitability of the hospital. Continually monitors costs in all areas, especially staffing as it relates to patient volume. Continually monitors payor mix and length of stay to maximize reimbursement. Assists in negotiation of contract terms with third party payers. Prepares pro-forma analysis of new program, contracts, etc. to determine estimated outcome. Monitors and evaluates success/failure of implemented program including physician arrangements.
  3. Develops policies and procedures. Develops and monitors policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced hospital operating costs, and increased revenues.
  4. Prepares monthly financial statements, financial packages, and other informational reports/analyses. Through account analysis, variance analysis, journal entries, and internal controls, prepares detailed financial statements to accurately reflect the monthly operating results.
  5. Provides required reporting. Provides reconciliations, account analyses, and other information for Reimbursement Department, Tax Department, Auditors, etc., to aid in preparation of reports.
  6. Prepares annual budget in conjunction with UHS standards. In cooperation with management and department heads, reviews prior financial results and discusses anticipated changes to highlight future needs and trends of the facility. Tailor’s hospital needs to UHS objectives.
  7. Performs other duties as assigned/required.
Qualifications

Minimum of 5 years of experience in a financial leadership role in a healthcare setting.

  1. Minimum education requirement of a bachelor’s degree. Master's degree preferred.
  2. Must possess a working knowledge of hospital financial operations, federal and local tax regulations; knowledge of all business office, accounting, payroll and other administrative office operations including all processes from registration through discharge.
  3. Must be skilled at interpreting financial analysis and performance information; preparing schedules and reports, using source data and compiling reports from others’ schedules; using electronic spreadsheets and ability to manipulate data within proprietary and acquired databases.
  4. 2% Travel.

This opportunity offers the following:

  1. Challenging and rewarding work environment.
  2. Growth and Development Opportunities within UHS and its Subsidiaries.
  3. Competitive Compensation.
  4. Excellent Medical, Dental, Vision and Prescription Drug Plan.
  5. 401k plan with company match.
  6. Generous Paid Time Off.
  7. Relocation benefits.
  8. Bonus opportunity.
  9. UHS Stock opportunity.
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