Chief Financial Officer in Training
2 days 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.
As the premier leader in Behavioral Health Services, UHS continues to grow its Behavioral Health Division through organic hospital development and acquisitions. Given this unprecedented growth we have developed an exciting program to harness and develop talent for future financial executive positions within our behavioral health hospitals and programs.
Our CFO in Training development program has been designed to identify high potential hospital based financial leaders in the marketplace and internally within the UHS hospital system. Chosen candidates will be placed within a UHS free standing inpatient psychiatric facility and work closely under the tutelage of a Chief Financial Officer. During the training period candidates will focus on key areas of the business, gaining expertise in the accounting and finance functions along with managing and creating a successful team. Focus on facility financial metrics including but not limited to, provider contracting, budget and strategic planning, Accounts Receivable, Business Office oversight, preparation of monthly and yearly financial packages, FTE management/staffing in relationship to patient volume to name a few.
The program prepares fast-track healthcare financial leaders to harness their talent and broaden knowledge of financial leadership within a UHS inpatient Acute Psychiatric Facility. Candidates that successfully complete the training will be placed as Chief Financial Officers within the UHS Behavioral Division.
The successful Chief Financial Officer in training will work to develop the following skills and responsibilities:
- Monitor and control accounts receivables. Closely oversees Business Office functions to ensure cash collection goals are met, and net revenue is properly stated.
- Improve the profitability of the hospital. Continually monitor costs in all areas, especially staffing as it relates to patient volume.
- Develop and monitor policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced hospital operating costs, and increased revenues.
- Prepare monthly financial statements, financial packages, reports/analysis.
- Provide reconciliations, account analysis, and other information for Reimbursement Department, Tax Department, Auditors, etc., to aid in preparation of reports.
- Prepare 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.
• Minimum of 5 years of experience in a financial role in an inpatient healthcare setting, Acute Care Hospital or behavioral health.
• Minimum education requirement of a Bachelors degree in accounting, masters degree preferred.
• Experience in multiple areas of healthcare finance and accounting required AP/AR, payroll, accounting, business office, financial counseling, budgeting etc.
This Opportunity offers the following:
• Challenging and rewarding work environment
• Growth and Development Opportunities within UHS and its Subsidiaries
• Competitive Compensation
• Excellent Medical, Dental, Vision and Prescription Drug Plan
• 401k plan with company match
• Generous Paid Time Off
*We are not accepting unsolicited assistance from search firms for this employment opportunity. All resumes submitted by search firms to any employee at the facility via-email, the Internet or in any form and/or method without a valid written search agreement in place for this position will be deemed the sole property of the facility. No fee will be paid in the event the candidate is hired by the organization as a result of the referral or through other means.*
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