The Role
Leads all financial departments and oversees fiscal responsibility for a 175-bed acute-care hospital. Responsibilities include accounting, reimbursement, budgeting, cash-flow and variance analysis, financial reporting, audits, regulatory submissions, cost reduction, revenue improvement, and operational planning. Partners with the CEO and department leaders on capital and staffing decisions, develops budgets, monitors performance, and manages financial staff. Requires acute-care hospital CFO experience, healthcare management experience, and strong leadership skills.
Summary Generated by Built In
Lifepoint Health has an opportunity for a Chief Financial Officer. The CFO will have oversight of Clinch Valley Health located in Richlands, Virginia.
Clinch Valley Medical Center is a 175-bed acute care hospital with a growing integrated network of care that offers many services for our community all close to home. Today, our unwavering commitment to our patients ranks us as one of the top hospitals in Virginia and the nation for quality of care – including patient safety and health outcomes.
Learn More about Clinch Valley Health
The Chief Financial Officer provides leadership and direction to all financial departments for the overall fiscal responsibility of the hospital.
Other duties include:
- Administers the general accounting, patient business services, including third party reimbursement, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures.
- Provides formal or informal direction in data processing, distributed systems, material management and medical records functions.
- Trains subordinates on the above areas and monitors performance to ensure fiscal responsibilities are fulfilled.
- Assists the CEO in the development of long and short-range hospital operations plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions.
- Develops long and short-range operational and capital budgets, which are supported by the hospitals long and short range plans and objectives.
- Prepares cash flow analyses and budget variance analyses.
- Recommends budget modifications as required. Assists managers in the development of departmental budgets.
- Monitors, interprets and analyzes hospital financial performance in realizing established plans and objectives of the hospital.
- Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
- Directs the preparation of internal financial reports including work papers for annual financial audit.
- Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the hospital.
- Assumes a lead role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.
- Responsible for direction and submission on a timely basis all financial data associated reports required by government and other regulated agencies including payroll tax reports, public disclosure reports and third party payor cost reports.
Education
- Bachelor’s Degree in Accounting or Finance and the knowledge of generally accepted accounting principles, and verbal, interpersonal and quantitative skills normally acquired through completion of this degree is required.
- CPA or Master's Degree strongly preferred.
Experience
- A minimum of 3 years of experience working at the CFO level in an acute-care hospital is required.
- Minimum of three years of progressive management experience in an investor-owned healthcare organization required.
- Must be a strong, hands-on and approachable leader who understands the value of being a team-player and have an outgoing and friendly personality.
- Must understand how to motivate and inspire staff to achieve optimal results, while keeping employee satisfaction high.
Benefits
At LifePoint, our Mission of Making Communities Healthier extends to our employees. We offer an excellent total compensation package, including a competitive salary and benefits. Some of our benefits include 401k, flexible PTO, generous EIB, medical, dental, vision, tuition reimbursement, and an Employee Assistance Program. We believe that happy, healthy people have a passionate engagement with life and work and have designed our package to enhance your wellbeing.
Skills Required
- Bachelor's degree in Accounting or Finance
- Knowledge of generally accepted accounting principles
- Minimum of three years of experience working at the CFO level in an acute-care hospital
- Minimum of three years of progressive management experience in an investor-owned healthcare organization
- CPA certification or Master's degree
- Strong, hands-on, approachable, team-oriented leadership style
- Ability to motivate and inspire staff while maintaining employee satisfaction
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The Company
What We Do
LifePoint Health® is a leading healthcare company dedicated to Making Communities Healthier®. Through our subsidiaries, we provide quality inpatient, outpatient and post-acute services close to home. LifePoint owns and operates community hospitals, regional health systems, physician practices, outpatient centers, and post-acute facilities in 29 states. We are the sole community healthcare provider in the majority of the non-urban communities our facilities serve. More information about the Company, which is headquartered in Brentwood, Tennessee, can be found on our website, www.LifePointHealth.net. All references to "LifePoint," "LifePoint Health," or the "Company" refer to LifePoint Health, Inc. or its affiliates. PHYSICIAN OPPORTUNITIES To learn more about practice opportunities available at facilities affiliated with LifePoint Health, visit http://www.lifepointgoodlife.com or call 1-866-864-2680. CAREER OPPORTUNITIES To learn more about career opportunities available at facilities affiliated with LifePoint Health, visit http://www.lifepointhealth.net/careers/career-opportunities/
