Chief Financial Officer (St. Francis Emory Healthcare)

ScionHealth - Brentwood, TN

Full-time - Executive

Brentwood, TN

1,001-5,000 employees

Hospitals

About the position

The Chief Financial Officer (CFO) at St. Francis Emory Healthcare is a pivotal leadership role responsible for overseeing all financial departments and ensuring the hospital's overall fiscal responsibility. This position requires a strategic financial professional who can provide direction in financial administration, data processing, and operational planning. The CFO will lead the financial administration by overseeing general accounting, patient business services, and financial reporting in accordance with established policies and procedures. This includes ensuring compliance with regulatory requirements and managing the hospital's financial performance to achieve established plans and objectives. In addition to financial oversight, the CFO will play a crucial role in operational planning, assisting the CEO in developing long- and short-range hospital operations plans. This involves conducting service demand analyses, resource availability analyses, and cost-benefit analyses of proposed capital and staff expansions. The CFO will also be responsible for budget development, creating both operational and capital budgets that align with the hospital's strategic objectives. The role requires a strong focus on financial analysis, including preparing cash flow analyses and budget variance analyses, recommending budget modifications, and assisting managers in developing departmental budgets. The CFO will monitor, interpret, and analyze the hospital's financial performance, identifying undesirable trends and potential business opportunities. Furthermore, the position involves directing the preparation of internal financial reports and ensuring timely and accurate financial data submission to regulatory agencies. The ideal candidate will possess a Bachelor's Degree in Accounting or Finance, with a strong preference for a CPA or Master's Degree. A minimum of three years of CFO-level experience in an acute-care hospital and at least three years of progressive management experience in an investor-owned healthcare organization are required. The CFO must be a strong, hands-on leader who values teamwork and has the ability to motivate and inspire staff to achieve optimal results while maintaining high employee satisfaction. This role is integral to ScionHealth's mission of providing exceptional patient care and health outcomes, and the CFO will contribute significantly to the organization's strategic financial management.

Responsibilities

• Oversee general accounting, patient business services, and financial reporting in accordance with established policies and procedures.
• Provide direction in data processing, distributed systems, materials management, and medical records functions.
• Train subordinates in relevant areas and monitor their performance to ensure fiscal responsibilities are met.
• Assist the CEO in developing long- and short-range hospital operations plans, including service demand analyses and resource availability analyses.
• Create long- and short-range operational and capital budgets supported by the hospital's plans and objectives.
• Prepare cash flow analyses and budget variance analyses, recommend budget modifications, and assist managers in developing departmental budgets.
• Monitor, interpret, and analyze hospital financial performance to achieve established plans and objectives, identifying and reporting undesirable trends and potential business opportunities.
• Direct the preparation of internal financial reports, including work papers for annual financial audits, ensuring timely and accurate preparation that reliably reflects the hospital's financial position.
• Lead efforts to analyze and explore means of reducing hospital operating costs and increasing revenues based on market trends and financial reports.
• Ensure timely and accurate submission of all financial data and associated reports required by government and other regulatory agencies.

Requirements

• Bachelor's Degree in Accounting or Finance (Required)
• Knowledge of generally accepted accounting principles (GAAP)
• Strong verbal, interpersonal, and quantitative skills developed through completion of the degree
• A minimum of 3 years working at the CFO level in an acute-care hospital (Required)
• At least 3 years of progressive management experience in an investor-owned healthcare organization (Required)

Nice-to-haves

• CPA or Master's Degree (Strongly Preferred)
• Strong leadership skills with an approachable personality
• Ability to motivate and inspire staff to achieve optimal results