Chief Financial Officer- The Hospitals of Providence-Transmountain Campus

MARKET SUMMARY:

El Paso Market 

The Hospitals of Providence - Transmountain Campus

• New full service hospital with 106 beds in northwest El Paso.
• The Medical Plaza located adjacent to The Hospitals of Providence Transmountain Campus features physician clinic space.
• Transmountain Campus serves as a teaching facility for Texas Tech University Health Sciences Center El Paso medical students, residents, nursing students and researchers.
• The hospital will train up to 100 medical residents across a multi-year program.
• Advanced health services in Cardiac Catheterization, Cardiovascular Medicine, Emergency Medicine, Endocrinology Medicine/Surgery, GI Medicine, Gynecology/Surgery, Hematology, Infectious Disease, Nephrology, Neurological Medicine, Normal Newborns, Oncology Medicine/Surgery, Orthopedic Medicine/Surgery, Pathology, Pulmonary Medicine, Radiology, Spinal Fusion Surgery, Urology Medicine/Surgery and Vascular Surgery. 

https://www.thehospitalsofprovidence.com/our-locations/transmountain-campus

POSITION SUMMARY:

The Chief Financial Officer has responsibility for safeguarding the facility assets and ensuring the financial statements, including the books and records, are prepared and maintained in accordance with GAAP.  The Chief Financial Officer is also responsible for ensuring compliance with company financial and accounting policies and procedures and also ensuring internal controls are effective in both design and operation, including the routine monitoring of controls.  Additionally, the Chief Financial Officer is a key member of the Facility A-Team and, as such, participates in establishing and implementing strategic business plans for the facility.  He/she is a key member of the facility management team that interacts and communicates on a regular basis with an array of internal and external constituents, including various regulatory bodies.

FUNCTIONAL EXPECTATIONS & REQUIREMENTS: 

The Chief Financial Officer has responsibility for the identification and independent assessment of financial risk, establishing and monitoring of mitigation plans, and for the communication of financial risk and opportunity to the Group Chief Financial Officer and Facility Chief Executive Officer.  The Chief Financial Officer is also responsible for the monitoring of financial performance and the maintenance of reasonable and appropriate financial plans and forecasts.  The Chief Financial Officer must have strong business acumen in order to work collaboratively and effectively with home office departments, such as Compliance, Home Office Accounting/Financial Reporting, Information Systems, Internal Audit, Legal, Treasury and other departments that provide support services to the facility.

The Chief Financial Officer is responsible for the monitoring of the revenue cycle process and, along with other revenue cycle stakeholders, the improvement of the revenue cycle process through rate setting, charge capture, managed care negotiations, and cash collections.

The Chief Financial Officer is also responsible for the evaluation and management of investments in capital projects by applying unbiased scrutiny in determining the financial impact and ROI of such projects and managing the capital spend in accordance with the capital cash flow projections.

As such, the CFO’s responsibilities are to:

• 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 in a timely manner.
• Establish and maintain sound financial controls and record keeping; approve financial expenditures up to the level established by the CEO.
• Keep abreast of government regulatory requirements and the rapidly changing reimbursement environment to develop and implement changes to policies and procedures as needed.
• Ensure that the financial operations of the facility are carried out in an ethical, responsible manner.
• Establish and monitor the annual operating budget according to sound budgeting principles and home office guidelines.  Interface with Human Resources and other appropriate departments in the preparation of work force plans and salary and benefit proposals.
• Evaluate the facility’s overall financial position and prepare periodic financial and operating reports.  Provide consistent and accurate financial, accounting and reporting processes throughout the facility
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