Vice President of Hospital Financial Operations

Company: Community Hospital Corp
Location: Plano
Posted on: May 24, 2023

Job Description:

The Vice President, Hospital 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 DFW Top 100 Employer 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 RequirementsExperience/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, organize and work with multiple hospitals, CFOs, and manage multiple projects simultaneously.
      • Ability to achieve strategic goals with conflicting tactical objectives
      • Ability to analyze and resolve problems at both a strategic and functional level
      • Ability to work with people in such a manner as to build high morale and group commitments to goals and objectives.
      • Ability to lead a high performing team and achieve results through others
      • Ability to collaboratively drive change throughout the financial operations of the company
      • Ability to be trustworthy
      • Possess a core set of ethical values
      • Possess a high degree of political savvy
      • Possess a strong customer orientation
      • Possess sound and accurate judgment and timely decision making
      • Ability to communicate and relate well with others.
      • Proficient PC skills, including Microsoft Word and Excel.
      • Proficient knowledge of hospital revenue cycle and the impact of such operations on hospital reimbursement.
      • Proficient knowledge to understand and apply the financial concepts and terminology unique to the healthcare industry. BenefitsAt 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.Comprehensive health and welfare benefits package is offered as part of total compensation.
        • Health Care Plan (Medical, Dental & Vision)
        • Retirement Plan (401k, IRA)
        • Life Insurance (Basic, Voluntary & AD&D)
        • Paid Time Off (Vacation, Sick & Public Holidays)
        • Wellness Resources and other benefits In compliance with the emergency regulation issued by the Centers for Medicare & Medicaid Services (CMS) and company policy, CHC and its affiliate companies require all employees to provide proof of full Covid-19 vaccination or have an approved medical or religious accommodation as a condition of employment. As a result, these conditions must be met by the first date of employment.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.

Keywords: Community Hospital Corp, Plano , Vice President of Hospital Financial Operations, Executive , Plano, Texas