Chief Financial Officer (CFO) Ashley Regional Medical Center

LifePoint Health - Vernal, UT

Full-time - Executive

Onsite - Vernal, UT

10,001+ employees

Hospitals

About the position

Lifepoint Health is seeking a Chief Financial Officer (CFO) for Ashley Regional Medical Center located in Vernal, Utah. The CFO will be responsible for overseeing all financial departments and ensuring the overall fiscal responsibility of the hospital. This includes administering general accounting, patient business services, and financial reporting functions in accordance with established policies and accounting procedures. The CFO will also provide direction in data processing, material management, and medical records functions, ensuring that all fiscal responsibilities are met. In addition to these responsibilities, the CFO will assist the CEO in developing both long and short-range operational plans, which may involve service demand analyses and cost-benefit analyses for proposed capital and staff expansions. The role requires the development of operational and capital budgets that align with the hospital's objectives, as well as preparing cash flow analyses and budget variance analyses. The CFO will monitor and analyze the hospital's financial performance, identifying trends and potential business opportunities, and will be responsible for the timely preparation of internal financial reports and compliance with government regulations. The ideal candidate will be a strong, hands-on leader who understands the importance of teamwork and employee satisfaction. They will be expected to motivate and inspire staff to achieve optimal results while maintaining a collaborative work environment. This position is crucial for ensuring that Ashley Regional Medical Center continues to provide high-quality care to the community it serves.

Responsibilities

• Provide leadership and direction to all financial departments for the overall fiscal responsibility of the hospital.
• Administer general accounting, patient business services, and financial reporting functions in accordance with established policies and accounting procedures.
• Provide direction in data processing, material management, and medical records functions.
• Train subordinates and monitor performance to ensure fiscal responsibilities are fulfilled.
• Assist the CEO in developing long and short-range hospital operations plans, including service demand and resources availability analyses.
• Develop operational and capital budgets supported by the hospital's long and short-range plans and objectives.
• Prepare cash flow analyses and budget variance analyses.
• Recommend budget modifications as required and assist managers in developing departmental budgets.
• Monitor, interpret, and analyze hospital financial performance to realize established plans and objectives.
• Identify and report undesirable trends and potential business opportunities, making recommendations for action.
• Direct the preparation of internal financial reports and work papers for annual financial audits.
• Ensure timely and accurate preparation of financial reports that reflect the hospital's financial position.
• Analyze and explore means of reducing hospital operating costs and increasing revenues based on market trends and financial reports.
• Ensure timely submission of all financial data and reports required by government and other regulated agencies.

Requirements

• Bachelor's Degree in Accounting or Finance required.
• Knowledge of generally accepted accounting principles is required.
• 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 is required.
• Strong, hands-on leadership skills with an approachable demeanor are essential.
• Ability to motivate and inspire staff to achieve optimal results while maintaining high employee satisfaction.

Nice-to-haves

• CPA or Master's Degree preferred.

Benefits

• Competitive pay based on market, role, skill set, and experience.
• Growth opportunities and succession planning initiatives.
• Insurance benefits including medical, eye, prescription, and life insurance for eligible employees.
• Collaborative work environment focused on high-quality care.
• Paid time off to support work-life balance.
• Employee Assistance Program (EAP) providing counseling and support services.