Chief Financial Officer- Baptist Medical Center

MARKET SUMMARY:

Baptist Medical Center, San Antonio, TX

Baptist Medical Center is part of Baptist Health System, a trusted provider of hospital, health and wellness services in San Antonio and South/Central Texas. The system includes six acute-care hospitals (Baptist Medical Center, Mission Trail Baptist Hospital, North Central Baptist Hospital, Northeast Baptist Hospital and St. Luke’s Baptist Hospital in San Antonio, and Resolute Health Hospital in New Braunfels), which offer more than 1,812 licensed beds. The system also includes the Baptist Orthopedic Hospital, Baptist Children’s Hospital, 4 inpatient rehabilitation centers, ambulatory, multiple urgent care, and imaging center locations, eight Baptist Emergency Hospital locations, the Baptist Physician Network and Baptist School of Health Professions.

Baptist Medical Center has been delivering exceptional quality patient care since 1903. The hospital is nationally ranked by U.S. News and World Report and Leapfrog in a number of specialties including Congestive Heart Failure, Colon Cancer Surgery, COPD, Hip Replacement and Knee Replacement. Baptist Medical Center operates over 600 licensed beds and employs more than 1,400 employees. The hospital is an Accredited Chest Pain Center and Certified Primary Stroke Center. Key services include a robotic surgery program, cardiovascular and cardiothoracic surgical care, neurology, orthopedics, digestive diseases, rehabilitation, cancer care, women’s services, emergency care and a senior behavioral health unit, among others. For more information visit:

https://www.baptisthealthsystem.com/locations/detail/baptist-medical-center

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.<