Vice President, Hospital Financial Operations

The Vice President, Hospital Finance Operations, working under the direction of the SVP, Hospital Operations, is responsible for planning, organizing and implementing financial strategies (including revenue cycle) for the system and hospitals while consulting with hospital financial leaders on tactics to improve their revenue cycle processes and ongoing financial operations.

Community Hospital Corporation (CHC) is a 5-Time Winner in the Dallas Morning News’ Top Workplaces DFW 2023 competition and Top 150 Great Places to Work in Healthcare by Becker’s Hospital Review. This is an exciting onsite role at our beautiful corporate offices located in Plano between Legacy West and the Grandscape. At CHC we enjoy an outstanding work environment, covered parking, comprehensive health and welfare benefits including paid fitness facility membership, tuition reimbursement, a generous PTO allowance, and a great company culture.

Major Responsibilities

• Provides guidance and leadership to CHC STACH Finance team.
• Maintains knowledge of applicable regulations and standards to assure compliance with orders or directives issued by governmental/regulatory agencies or third party payors.
• Helps hospitals maintain compliance with state and federal guidelines, EMTALA and other applicable laws and regulations through education programs and other initiatives.
• Develops, and ensures hospital compliance with, an annual operating and capital budget process to support CHC commitments.
• Establishes a schedule and format to support the SVP Hospital Operations in Monthly Operating Reviews (MORs) of CHC hospital financial performance.
• Establishes and monitors a system of review and CHC Executive approval for major capital expenditures made by CHC hospitals.
• Establishes and maintains a system of key statistics and indicators to monitor hospital and client financial performance.
• Develops policies and procedures and implements them to maximize hospital financial operating performance including cash collections.
• Maintains a standard CHC hospital revenue recognition model and periodically reviews hospital's calculations for accuracy and compliance with revenue recognition policies.
• Provides the SVP Hospital Operations with assessments and recommendations regarding performance and development of hospital CFOs, Business Office/Revenue Cycle Directors and other key hospital finance management staff.
• Serves as a resource on financial matters to hospital leadership (including revenue cycle).
• Assists in financial feasibility studies of new services and programs at CHC hospitals.
• Identifies, recommends and assists with implementation of financial operations and revenue cycle opportunities.
• Leads the Revenue Cycle consulting practice for Community Hospital Consulting.
• Supports merger and divestiture activities of the corporation
• Organizes and hosts at least one annual CHC educational conference for CHC hospital leaders (including CFOs, Controllers, HIM Directors, Materials Management Directors, IT Directors and Revenue Cycle/Business Office Directors).
• Occasionally attends Hospital governing board meetings representing CHC.
• Serves as Interim CFO at CHC affiliated hospitals on short term assignments when needed.

General Duties

• Represents Community Hospital Corporation at designated meetings including hospital finance committee and board meetings as requested.
• Participates in seminars and conferences to keep abreast of technical and legal developments.
• Upholds and supports the company’s mission, goals and objectives.
• Performs other miscellaneous job-related duties as assigned by the SVP Hospital Operations

Requirements

Experience/Education

• 7 years experience in management of finance, accounting, operations, audit or consulting.
• Minimum of 5 years of hospital experience with experience with minimum of 3 years hospital financial related supervisory experience.
• Previous CFO experience (preferably in a Critical Access or Rural hospital setting)
• Experience with revenue cycle management.
• BBA or BS in Accounting or Finance required.
• Masters in Accounting, Business Administration, Finance, Healthcare Administration or related field preferred.
• CPA preferred.
• Ability to travel significantly, approximately 20-40% of time.

Skills and Knowledge

• Ability to define realistic, specific goals and objectives and to prioritize objectives.
• Proficient ability to identify and effectively resolve difficult operational and administrative problems.
• Ability to work independently, o