Dallas Medical Center - Dallas, TX
posted 3 months ago
About the position
The Chief Financial Officer (CFO) position at Knapp Medical Center, a 227-bed acute care, not-for-profit hospital located in Weslaco, Texas, is a pivotal role within the organization. The CFO will be responsible for overseeing the financial operations of the hospital, ensuring that the facility maintains its financial health while providing high-quality healthcare services to the community. This position requires a deep understanding of revenue cycle management, expense control, and strategic financial planning. The CFO will work closely with the leadership team to drive the financial strategy of the hospital, focusing on continuous improvement and expansion of services offered at Knapp Medical Center. In this role, the CFO will be expected to lead financial reporting, budgeting, and forecasting processes, ensuring compliance with all regulatory requirements. The successful candidate will also be responsible for managing relationships with external stakeholders, including auditors, financial institutions, and regulatory agencies. The CFO will play a key role in developing and implementing financial policies and procedures that support the hospital's mission and goals. This position is not only about managing finances but also about fostering a culture of collaboration and communication within the organization, as the CFO will need to work effectively with medical staff and management to align financial strategies with clinical objectives. The ideal candidate will have a proven track record in financial leadership within an acute care hospital setting, with specific experience in managing the financial operations of a facility with 100 to 200 beds. Strong communication skills, strategic thinking, and a solid understanding of billing and collections processes are essential for success in this role. The CFO will be a key member of the executive team, contributing to the overall strategic direction of Knapp Medical Center and ensuring that the hospital remains a leader in healthcare services in the Rio Grande Valley.
Responsibilities
- Oversee the financial operations of Knapp Medical Center.
- Manage financial reporting, budgeting, and forecasting processes.
- Ensure compliance with regulatory requirements and financial policies.
- Develop and implement financial strategies to support hospital growth and improvement.
- Lead revenue cycle management and expense control initiatives.
- Foster collaboration and communication with medical staff and management.
- Manage relationships with external stakeholders, including auditors and financial institutions.
Requirements
- CFO experience in an acute healthcare setting required.
- Experience with a 100 - 200 bed acute care facility is essential.
- Strong understanding of billing and collections processes.
- Working knowledge of Central Billing Offices (CBOs).
- Bachelor's degree in a related field is required; CPA certification is preferred.
- At least 3 to 5 years of experience in Acute Care Hospital finance.
Nice-to-haves
- Experience in strategic financial planning and analysis.
- Strong leadership and team management skills.
Benefits
- Competitive salary with sign-on and/or relocation bonus.
- Comprehensive health benefits package.
- Retirement savings plan options.
