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Chief Financial Officer, Huntsville, TX
4 months ago
The Chief Financial Officer for this acute care hospital will follow the direction of the Hospital CEO, District Board of Directors and CHC’s VP of Hospital Financial Operations. The CFO is responsible for providing leadership and oversight of the overall financial planning and financial operations for Huntsville Memorial Hospital (HMH), Huntsville, TX while ensuring compliance with the hospital’s mission, vision, values, goals, strategic direction, and applicable laws and regulations.
The CFO 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
- Assures hospital compliance with federal, state and local government laws and regulations, accrediting agency standards and hospital policies and procedures rules and regulations.
- 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.
- 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. Provides stewardship of all financial and physical resources.
- 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.
- 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.
- 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.
- 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.
Other General and Related Duties
- Is actively committed to quality of patient care, treatment, and services. Measures and reports quality results to hospital. Fosters continuous quality improvement.
- Retains all hospital accreditations, licensures and designations in good standing.
- Maintains compliance with all laws and applicable regulatory requirements. Acts promptly to comply with required changes.
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’s policies and applicable laws.
- Appraise performance and develop staff.
- 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.
- Medhost experience preferred
Benefits
Benefits include a competitive salary, relocation package along with incentive compensation plan, 401(k) savings and match, and a comprehensive health and welfare benefits package.
About Huntsville Memorial Hospital
Huntsville Memorial Hospital, Huntsville, Texas, is a 123-bed, Joint Commission‐accredited, not‐for‐profit acute care community hospital. HMH delivers quality healthcare services to the residents of Walker County and its surrounding communities, a population of more than 72,000. HMH and its dedicated staff offer compassionate care and the latest technologies and treatment solutions. HMH holds Joint Commission Primary Stroke Center designation. HMH keeps community health and wellness at the forefront of its mission. Please visit us at www.huntsvillememorial.com.
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 Huntsville Memorial Hospital 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.
CHC is a tobacco and drug free workplace. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
