Valencia County Hospital is seeking a Chief Financial Officer (CFO) to lead our new 15-bed acute care facility currently under construction in Los Lunas, NM. Owned by Valencia County and operated through a joint venture between Community Hospital Corporation (CHC) and Lovelace Health System, this startup facility represents a vital investment in rural healthcare.
Following the direction of the Chief Executive Officer, Board of Directors, and CHC’s Senior Vice President of Hospital Financial Operations, the CFO is responsible for the leadership and oversight of the overall financial planning and operations of this new startup hospital. The successful candidate must ensure compliance with the hospital’s mission, vision, and strategic direction while navigating the unique financial landscape of a rural/community healthcare environment.
Principal Accountabilities
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.
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.
Executive Responsibilities & Leadership ExpectationsStrategic Leadership & Vision
-
Startup Operations: With the direction of CHC, directs the hospital's financial planning, revenue cycle, payroll, and accounting practices from the ground up.
-
Financial Leadership: Provides oversight of all financial operations, ensuring compliance with applicable laws, regulations, and hospital mission.
-
Mission Alignment: Supports the hospital mission and ensures all stakeholders understand the vision and priorities of the facility.
-
Strategic Growth: Leads the development and implementation of short- and long-term strategic objectives to ensure clinical growth and essential services for the Valencia County community.
-
Executive Support: Fulfills the leadership role in the CEO’s absence.
Clinical Operations & Financial Stewardship
-
Operations Management: Analyzes data to prioritize needs and implements process changes to improve both clinical and financial operations.
-
Financial Oversight: Participates in budget preparation (operating and capital) and ensures the effective use of productivity measures and resource stewardship.
-
Information Management: Guiding the strategy for secure data collection, privacy, and the evolving technological demands of a modern healthcare facility.
Safety, Quality, and Compliance
-
Culture of Safety: Maintains a safe functional environment, encouraging all staff to identify quality issues and participate in improvement initiatives.
-
Regulatory Integrity & Knowledge: Assures total compliance with federal, state, and local laws, as well as accrediting agency standards and CHC corporate policies. Deep understanding of the Medicare system and laws pertaining to healthcare finance.
-
Continuous Improvement: Actively measures and reports quality results, fostering a commitment to clinical excellence and patient satisfaction.
Talent Management & Accountability
-
High Performance Culture: Sets clear, consistent goals and holds the team accountable for results, creating a culture of ownership and excellence.
-
Staff Development: Proactively assesses developmental needs, providing frequent coaching and timely corrective feedback to elevate team competency.
-
Decisive Leadership: Takes prompt action to address behavioral problems or remove talent that is non-responsive to coaching and developmental activity.
-
Resource Availability: Ensures adequate staffing levels of competent, credentialed, and motivated personnel, including physicians and contract labor.
Stakeholder Engagement & Communication
-
Relationship Management: Builds rapport and trust with the Board, medical staff, and community business leaders to assess community healthcare needs.
-
Medical Staff Partnerships: Develops and maintains effective relationships with physicians to ensure a cohesive, team-based approach to care.
-
Community Diplomacy: Works with community leaders in Los Lunas to assess healthcare needs and build a positive image for the new facility.
Requirements
Education And Experience
-
BS/BA degree in finance, accounting, business or a related discipline required
-
A CPA designation preferred
-
A graduate level degree is a plus
-
Critical Access Hospital experience is a plus
Experience and Skills
-
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.
- Knowledge of hospital and health care practices and procedures as well as laws, regulations, and guidelines pertaining to healthcare finance.
-
Knowledge of financial management, accounting systems, treasury practices, risk management, financial controls, productivity measures, risk management, reimbursement principles, managed care contracting, information management, and materials management.
-
Knowledge of and demonstrated skill in leadership, strategic management, change management, communications, team building, continuous quality improvement, problem solving, decision-making, innovation, and stewardship of resources.
Benefits
As a full time employee, we offer a competitive salary, quality work environment and eligibility to participate in the company benefit programs. These benefits include: Medical, Dental, and Vision insurance, health and dependent care spending accounts, 401(k) savings with match, life insurance, long-term and short-term disability coverage.
About Community Hospital Corporation – HELP WHERE HOSPITALS NEED IT
Community Hospital Corporation owns, manages and consults with hospitals through CHC Hospitals, CHC Consulting and CHC ContinueCARE with the purpose to collaborate with partners and bring innovative solutions to support the vibrancy and accessibility of community healthcare. Based in Plano, Texas, CHC provides the resources and experience community hospitals need to improve quality outcomes, patient satisfaction and financial performance. Visit chc.com.
About Lovelace Health System
Lovelace is comprised of Lovelace Medical Group/New Mexico Heart Institute, Lovelace Women’s Hospital, Lovelace Medical Center, Heart Hospital of New Mexico at Lovelace Medical Center, Lovelace Westside Hospital, Lovelace Regional Hospital and Lovelace UNM Rehabilitation Hospital. To learn more about our state-of-the-art treatment options, innovative health care providers and award-winning quality initiatives, visit lovelace.com.
Under the joint venture arrangement, CHC will be the manager with responsibility for day-to-day hospital operations while Lovelace will provide critical support services, including medical group support and access to its electronic health record. As part of Lovelace Health System, the hospital will reflect the Lovelace brand.
CHC is an equal opportunity employer and values 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.
