CFO - ACUTE

$175,000 - $175,000/Yr

Valley Health System - Las Vegas, NV

Full-time - Entry Level

Las Vegas, NV

10,001+ employees

Religious, Grantmaking, Civic, Professional, and Similar Organizations

About the position

The Valley Health System is seeking a Chief Financial Officer (CFO) for Valley Hospital Medical Center, located in Las Vegas, NV. This position is critical in maximizing the financial performance of the hospital, which is part of a larger network of six acute care hospitals providing comprehensive healthcare services throughout Southern Nevada. The CFO will play a pivotal role in analyzing the profitability of existing operations, product lines, and contractual agreements, making recommendations for improvements where necessary. This role requires a strong focus on metrics to target overall hospital improvement in both operations and finance. The CFO will participate in the hospital's financial reporting process, supervising the preparation of reports that outline the hospital's financial position and operating profit and loss statements. This includes participating in the timely filing of federal, state, hospital association, and third-party financial reports as required. The CFO will also be responsible for developing employees through effective management practices, creating a motivating climate for high performance, and establishing direction while providing feedback and building commitment among staff. Valley Hospital Medical Center is recognized for its advanced cardiovascular, neurological, and surgical services, and the CFO will be integral in ensuring that the financial operations support the hospital's mission to provide high-quality care. This position offers a competitive compensation package, excellent medical, dental, vision, and prescription plans, generous paid time off, and a 401(k) retirement plan with company matching. The ideal candidate will possess a strong background in healthcare finance, with a deep understanding of GAAP, Medicare and Medicaid regulations, and federal and local tax regulations. A Bachelor's degree in Accounting, Finance, or a closely related field is required, along with a minimum of 10 years of relevant financial experience, preferably in a healthcare organization. A Master's degree is preferred, along with a minimum of 8 years of progressive financial experience.

Responsibilities

• Maximize hospital financial performance.
• Analyze the profitability of existing hospital operations, product lines, and contractual agreements, making recommendations for improvement.
• Act as a change agent to reduce expenses and variation in organization/process/procedures.
• Focus on metrics to target overall hospital improvement in operations and finance.
• Participate in the hospital financial reporting process.
• Supervise the preparation of reports outlining the hospital's financial position and operating profit and loss statement.
• Participate in the preparation and timely filing of federal, state, hospital association, and third-party financial reports as required.
• Develop employees through appropriate management practices, creating a motivating climate for high performance.
• Establish direction, coach employees, provide feedback, and build commitment.

Requirements

• Working knowledge of GAAP, Medicare and Medicaid regulations, and federal and local tax regulations.
• Knowledge of all business office and administrative office operations, including processes from registration through discharge and terminal resolution of the patient bill.
• Knowledge of managed care and other payer processes and agreements, including specific terms for negotiation.
• Knowledge of all accounting processes including accounts payable, payroll, and general accounting.
• Effective ability to prepare financial statements and operating reports that accurately reflect the entity's performance.
• Skilled at interpreting financial analysis and performance, preparing schedules and reports using source data.
• Skill in using electronic spreadsheets and manipulating data within proprietary and acquired databases, such as ACCESS and ECLYPSIS.
• Adept at skillfully communicating ideas and facts, packaging information and concepts for better understanding.

Nice-to-haves

• Master's degree in Accounting, Finance, or a closely related field.

Benefits

• Competitive compensation
• Excellent medical, dental, vision, and prescription plan
• Generous paid time off
• 401(k) retirement plan with a company match
• Relocation benefits