Following the direction of the Chief Executive Officer, Board of Directors and CHC’s Senior Vice President of Hospital Financial Operations, the Chief Financial Officer is responsible for providing leadership and oversight of the overall financial planning and financial operations of the hospital 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. The CFO fulfills the leadership role in the CEO’s absence.
Major Responsibilities
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Assures hospital compliance with federal, state and local government laws and regulations, accrediting agency standards ad hospital policies and procedures rules and regulations.
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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.
- 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.
- 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. Effectively negotiates third-party contracts. Provides stewardship of all financial and physical resources.
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Vision and strategy setting: Establishes and communicates a clear and compelling vision. All stakeholders know the hospital’s mission, vision, and priorities. Works with the 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.
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Internal Communication and Relationship: Demonstrates effective interpersonal relations including influencing/persuading at all levels inside the hospital and corporation. Builds rapport and trust with team through frequent/timely communication. Develops and maintains effective medical staff relationships. Seeks input from stakeholders. Anticipates and addresses concerns. Contributes to the creation of a culture of communication.
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External Communication and Relationship: 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.
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Talent Development: Wants people to develop. Accurately assesses developmental needs and provides frequent feedback, coaching, and personal development opportunities. Faces up to performance and behavior problems quickly and directly. Does not shy from providing timely corrective feedback. Takes action promptly to remove talent that is non-responsive to coaching and developmental activity.
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Accountability: Sets clear, consistent goals and expectations. Holds self and others accountable for decisions and actions. Demands high performance. Is reliable, keeps commitments, and delivers results. Creates an ownership culture.
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Champion for Change: Speaks out for change and helps staff understand reasons for, and benefits from, change. Makes change real for individuals. Links change to work processes and involves stakeholders in the change process. Follows through on change initiatives. Communicates constantly with all affected by change.
Other General and Related Duties
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Is actively committed to quality of patient care, treatment, and services. Measures and reports quality results to hospital and corporate teams. Fosters continuous quality improvement. Participates in corporate-wide and hospital-based performance improvement activities.
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Is actively committed to providing excellent customer service. Strives to meet or exceed patient expectations/satisfaction in the performance of job functions.
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Is actively committed to meeting and/or exceeding physician and employee expectations/satisfaction in the performance of job functions.
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Retains all hospital accreditations, licensures and designations in good standing.
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Maintains compliance with all laws and applicable regulatory requirements. Acts promptly to comply with required changes.
Supervisory Responsibilities
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Manage subordinate manager(s) who supervise employee(s) and/or supervise individual contributors as appropriate.
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Provide overall direction, coordination and evaluation of all units under supervision.
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Carry out supervisory responsibilities in accordance with hospital and CHC’s policies and applicable laws.
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Interview, hire, and train employees.
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Plan, assign and direct work.
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Appraise performance and develop staff.
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Reward and recognize notable performance
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Address complaints, resolve problems and address unacceptable behavior.
Requirements
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BS/BA degree in finance, accounting, business or a related discipline required
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A CPA designation preferred
- A graduate level degree is a plus
Experience
- 5 – 7 years of progressive career experience in Hospital Finance/Accounting.
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Hospital CFO experience required.
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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.
- Prefer experience with Cerner and GE Centricity.
Skills and Knowledge
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Knowledge of hospital and health care practices and procedures as well as laws, regulations, and guidelines pertaining to health care finance.
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Knowledge of financial management, accounting systems, treasury practices, risk management, financial controls, productivity measures, risk management, reimbursement principles, management care contracting, information management, and materials management.
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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.
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Ability to plan, organize, develop, implement, and interpret the necessary programs, goals, policies, and objectives that are necessary for providing sound financial management of the hospital.
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Ability to work with Medicare system and be adaptable to changes.
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Ability to accept accountability and create a high performance culture while defining realistic, specific goals and objectives and to prioritize objectives.
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Ability to motivate and manage people and work with them in such a manner as to build high morale and group commitments to goals and objectives.
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Ability to work with all levels of management and respecting all differences.
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Ability to communicate and relate well with others including staff, physicians, the Board, employees, community business leaders, volunteers and the general public.
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Ability to attract, develop and retain talent.
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Ability to lead and maintain a culture of safety and quality.
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Skill in establishing a balanced perspective on mission effectiveness and business results.
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Possess a strong customer service orientation, sound and accurate judgment and timely decision making and critical thinking skills.
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Proficient PC skills, including Microsoft Word and Excel spreadsheets.
Benefits
As a full time employee, Community Hospital Corporation offers a competitive salary, discretionary bonus opportunity, 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 Southwest Health System:
Southwest Health System (SHS) operates Southwest Memorial Hospital, a Critical Access Hospital and Southwest Medical Group which is comprised of clinics offering primary care and specialty services. SHS offers the latest in medical and surgical technology, emergency care, a vast array of out-patient medical and wellness services.
SHS is managed by Community Hospital Consulting (CHC), the management and consulting arm of Community Hospital Corporation (CHC) of Plano, Texas.
Cortez, Colorado is located in the Four Corners area and offers a small-town atmosphere. Montezuma County is surrounded by three mountain ranges, including San Juan National Forest and the Rocky Mountains. Southwest Colorado offers a variety of outdoor activities including fishing, hiking, downhill and cross-country skiing, biking, and golf. The weather here allows us to enjoy all four seasons with plenty of sunshine.
Southwest Colorado is home to many historic tourist attractions including Mesa Verde National Park, Canyons of the Ancients, Anasazi Heritage Center, and the Four Corners National Monument. Our location offers many amenities such as a wide range of outdoor recreational activities, city league sporting events, beautiful parks throughout the area, an 18-hole golf course, a recreation center, and more.
Montezuma County offers a true taste of all four seasons. Our high desert climate is ideal for those who enjoy the outdoors. Nearby mountains offer winter skiing as well as hiking, mountain biking, canoeing, rafting, kayaking, and hunting. The valley boasts reservoirs and rivers that are great for summer recreation. Swimming, fishing, boating, water sports, camping, horseback riding, climbing, and off-road vehicle expeditions are just a few of the many attractions that make the Four Corners area a unique and exciting place to live.
APPROXIMATE SALARY RANGE: $190,000.00 - $250,000.00
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 Southwest Health Systems, 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.
