Chief Financial Officer

MARKET SUMMARY:

  Princeton Baptist Medical Center, Birmingham, Alabama  At Princeton Baptist Medical Center, we are passionate about caring for the people of Central Alabama.  Birmingham is our home, and we are pleased to serve our community.  Our hospital is equipped with 505 beds and provides treatment for approximately 10,000 inpatient and 80,000 outpatient encounters annually. Princeton is committed to contributing to the future of health care through its clinical research and medical residency program.  We follow a patient-focused approach that helps ensure you get not only the immediate care you need, but also preventive care and education to help you maintain the maximum level of health.

We offer a full range of services to meet the diverse needs of our patients including fast, life-saving response times for patients with chest pain or stroke symptoms; cardiology, including structural heart and valve care; orthopedics, including rehabilitation; psychiatric care; a comprehensive sleep center; and a Comprehensive Bariatrics Center, providing surgical and non-surgical weight-loss procedures.

Princeton Baptist Medical Center is the inaugural hospital in the Baptist Health System. The Baptist Health System was founded in 1922 by a group of local Baptist congregations. Princeton continues to honor God and others through our commitment to delivering high quality, compassionate healthcare.

In October of 2015, Baptist Health System and Tenet Healthcare Corporation (NYSE/THC) signed a definitive agreement that created a joint venture to operate a healthcare network serving Birmingham and central Alabama. This new network includes all Baptist Health System hospitals, Tenet’s Brookwood Medical Center and each organization’s related businesses.  Under the joint venture arrangement, Tenet is the majority partner and manages the network’s operations.  The new company unites Baptist Health System’s four hospitals: Citizens Baptist Medical Center, Princeton Baptist Medical Center, Shelby Baptist Medical Center, and Walker Baptist Medical Center with Brookwood Medical Center.  Together, the new system has more than 1,700 licensed beds, 77 outpatient and physician office facilities, approximately 7,300 employees and approximately 1,500 affiliated physicians.

 

https://www.brookwoodbaptisthealth.com/our-locations/princeton-medical-center-location

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:<