COMPANY BACKGROUND:
Tenet Healthcare Corporation (NYSE: THC) is a diversified healthcare services company headquartered in Dallas. Our care delivery network includes United Surgical Partners International, the largest ambulatory platform in the country, which operates ambulatory surgery centers and surgical hospitals. We also operate a national portfolio of acute care and specialty hospitals, other outpatient facilities, a network of leading employed physicians and a global business center in Manila, Philippines. Our Conifer Health Solutions subsidiary provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers, and other clients. Across the Tenet enterprise, we are united by our mission to deliver quality, compassionate care in the communities we serve. For more information, please visit www.tenethealth.com.
MARKET SUMMARY:
MICHIGAN GROUP - Detroit Market
The Detroit Medical Center is one the largest academic medical centers in the United States, with a long and rich history of medical education, providing training in medical education for more than 100 years. As the nation shifted to more rigorous oversight of physician training, the DMC continued to be a leader in accredited programs in medical education beginning with the Ophthalmology Residency Program’s accreditation in 1951, Pathology in 1953, Internal Medicine in 1956, Neurology in 1958 and Neurological Surgery in 1960. The DMC now trains the majority of practicing physicians in the State of Michigan including 70 percent of the state’s trauma surgeons and 60 percent of its emergency physicians.
The DMC currently sponsors more than 100 residency and fellowship programs, training over 1000 physicians each year. Detroit Medical Center Graduate Medical Education Accredited Training Programs include 67 Accreditation Council for Graduate Medical Education accredited residencies and fellowships; 4 accredited by the American Osteopathic Association; 5 fellowships accredited by the American Board of Obstetrics and Gynecology; and 6 residency programs accredited by Other Boards.
The DMC maintains Academic affiliations with Michigan State University’s College of Osteopathic Medicine and Wayne State University’s School of Medicine. The faculty provides the majority of medical student, resident and fellow training at DMC hospitals.
The Detroit Medical Center graduates outstanding physicians with advanced training in many specialties including Emergency Medicine, Surgery, Cardiology, Neurosurgery, Obstetrics and Gynecology, Neurology, Internal Medicine, Pathology, Pediatrics, Radiology and many more.
The Chief Financial Officer-DMC Midtown Campus will have direct oversight of the following hospitals:
DMC Detroit Receiving Hospital, Michigan’s first Level I Trauma Center (158 beds), has played a pioneer role in the evolution of emergency medicine. Detroit Receiving hosts one of the busiest and most well-equipped emergency departments in southeast Michigan. The oldest and largest verified Level I Burn Center in the state is at Detroit Receiving, and is one of only 43 in the country. Detroit Receiving has also recently added a Comprehensive Stroke certification. The hospital boasts the state’s leading 24/7 hyperbaric oxygen treatment program, and the nationally recognized Rosa Parks Geriatric Center. Detroit Receiving offers expertise in emergency medicine, complex trauma, critical care, orthopedics, neurosciences, nephrology, pulmonology, diabetes, geriatrics and urology.
DMC Harper-Hutzel Hospital has distinguished itself in surgery and medicine and is known for its clinical expertise, innovative research and advanced education. A specialty referral hospital, Harper-Hutzel has established Centers of Excellence in neurosciences, bariatric surgery, vascular services, multidisciplinary cardiovascular services, hypertension, stroke prevention and heart failure. The hospital brags a Level IV Epilepsy Unit and has recently gained Gold level certification from ELSO for its ECMO program. Hutzel Women’s Hospital has a rich history of over 143 years as Michigan’s first and only hospital for women, and patients benefit from our commitment to research and education. Recently the Joint Commission has certified Harper-Hutzel as a Level IV Center for Maternal Levels of Care, the highest designation. Harper-Hutzel is recognized as a leader in women’s health by physicians and researchers across the country. (584 beds total)
POSITION SUMMARY:
The Chief Financial Officer (CFO) is responsible for safeguarding facility assets and ensuring the integrity and accuracy of financial statements in accordance with GAAP. This role oversees compliance with financial policies, the effectiveness of internal controls, and overall financial governance.
As a key member of the facility leadership team, the CFO partners with the CEO and A-Team to develop and execute strategic and financial plans, while maintaining strong relationships with internal stakeholders and external regulatory bodies.
FUNCTIONAL EXPECTATIONS & REQUIREMENTS:
The CFO leads financial strategy, planning, and performance management for the facility, including risk identification, mitigation, and communication of financial risks and opportunities. This role collaborates closely with corporate functions (e.g., Accounting, Audit, Legal, Treasury, IT) to ensure alignment and operational effectiveness.
Key responsibilities include:
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Financial Performance & Planning
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Analyze daily operating results to ensure that revenues, expenses, and labor are within budgeted objectives; advise department heads and administration of needed changes and improvements
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Drive productivity and length of stay (LOS) initiatives to optimize operational efficiency, resource utilization, and financial performance
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Develop and manage annual budgets, forecasts, and cash flow plans (including rolling forecasts)
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Provide accurate, timely financial reporting and analysis
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Controls & Compliance
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Maintain strong internal controls, financial systems, and recordkeeping
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Ensure compliance with regulatory requirements, GAAP, and company policies
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Promote ethical financial practices and audit readiness
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Revenue Cycle & Operations
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Oversee revenue cycle performance, including denials management, reimbursement, charge capture, and collections
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Partner with stakeholders to improve financial and operational outcomes
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Capital & Investment Management
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Evaluate capital projects and business opportunities, assessing financial impact and ROI
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Manage capital deployment in alignment with financial plans
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Strategic Leadership
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Partner with executive leadership on strategic initiatives, growth opportunities, and financial planning
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Analyze new business opportunities, including managed care contracts and program expansion
ORGANIZATIONAL LEADERSHIP - EXPECTATIONS & REQUIREMENTS:
The CFO is expected to drive financial and operational excellence through:
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Judgment & Execution: Deliver consistent financial performance, maintain strong controls, and adapt to market dynamics
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Strategic Partnership: Act as a trusted advisor to the CEO, contributing to growth, cost management, and long-term strategy
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Financial Influence: Translate complex financial concepts into actionable insights across all levels of the organization
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Operational Rigor: Set clear financial targets, monitor performance, and drive accountability
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Talent Development: Build and develop high-performing finance teams, ensuring strong succession pipelines
CANDIDATE EXPERIENCE, ATTRIBUTES AND EDUCATION REQUIREMENTS:
Experience:
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10+ years of progressive financial leadership experience; Healthcare experience is required
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Strong background in financial operations, planning, reimbursement, and capital management
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Demonstrated success improving financial performance in complex environments
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Experience with managed care contracting and regulatory compliance
Skills & Attributes:
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Strong business acumen with the ability to translate complex data into clear insights
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Collaborative leadership style with ability to influence across functions
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High integrity, sound judgment, and strong communication skills
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Proven ability to operate effectively in fast-paced, high-pressure environments
Education:
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Bachelor’s degree in Finance or Accounting required (or Business degree with Accounting/Finance focus or a CPA)
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MBA, MHA, and/or CPA strongly preferred
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Employment practices will not be influenced or affected by an applicant’s or employee’s race, color, religion, sex (including pregnancy), national origin, age, disability, genetic information, sexual orientation, gender identity or expression, veteran status or any other legally protected status. Tenet will make reasonable accommodations for qualified individuals with disabilities unless doing so would result in an undue hardship.
Tenet participates in the E-Verify program. Follow the link below for additional information.
E-Verify: http://www.uscis.gov/e-verify
The employment practices of Tenet Healthcare and its companies comply with all applicable laws and regulations.
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