Chief Financial Officer

Palo Pinto General Hospital - Mineral Wells, TX

Full-time - Senior

Mineral Wells, TX

Hospitals

About the position

The Chief Financial Officer (CFO) plays a critical role in the financial stewardship of the organization, reporting directly to the Chief Executive Officer (CEO). This position is responsible for serving as the principal advisor on all financial matters that impact both the short-term and long-term financial success of the organization. The CFO will oversee the planning, development, implementation, and administration of financial controls, analysis, and operating systems. This includes establishing policies that align with general policy guidelines and ensuring compliance with generally accepted accounting principles, tax regulations, and federal and state laws. In addition to these responsibilities, the CFO is accountable for the preparation and review of monthly and annual operating financial statements. This role also involves managing the payroll system and all accounting functions, as well as maintaining comprehensive reports and procedures related to cash management and disbursements. The CFO will also be responsible for preparing and reviewing contracts with preferred providers, conducting ongoing analyses of contractual arrangements, and recommending necessary renegotiations or the creation of new contracts to optimize financial performance. The ideal candidate will possess a strong background in financial leadership within a healthcare setting, particularly in a hospital or integrated healthcare system. This role requires a deep understanding of financial operations, budgeting, reimbursement strategies, and compliance with healthcare regulations. The CFO will also be expected to demonstrate excellent problem-solving skills, strong leadership capabilities, and the ability to communicate effectively with various stakeholders, including senior management, the Board of Directors, and medical staff.

Responsibilities

• Serve as the principal advisor on all financial matters affecting the organization.
• Plan, develop, implement, and administer financial controls and operating systems.
• Establish policies in accordance with accounting principles and regulations.
• Prepare and review monthly and annual operating financial statements.
• Manage the payroll system and all accounting functions.
• Maintain reports and procedures regarding cash management and disbursements.
• Prepare and review contracts with preferred providers.
• Conduct ongoing analysis of contractual arrangements and recommend renegotiations.
• Create new contractual arrangements to optimize financial performance.

Requirements

• Bachelor's degree in Accounting, Finance, or Business Administration; Master's degree preferred.
• Minimum of three years of recent hospital CFO or Executive Level Finance experience.
• Experience with a Hospital District and/or integrated healthcare system is highly desirable.
• Experience with payor contracting and Texas 1115 waiver programs.
• Demonstrated success as a senior financial leader in a hospital or healthcare facility.
• Ability to plan and implement hospital accounting systems for rural hospital districts.
• Experience in budget development, cost accounting, and case-mix management systems.
• Knowledge of reimbursement analysis and strategies, and business law.
• Strong understanding of Medicare regulations.
• Excellent verbal and written communication skills.
• Strong interpersonal skills and experience presenting to senior management and boards.
• Strong supervisory and management skills in financial operations.
• Good understanding of Information Systems planning and software applications in healthcare.
• Comprehensive knowledge of accounting, finance, reimbursement, budgeting, credit, and collection as it relates to healthcare.
• Knowledge of state and federal guidelines and regulations.
• Comprehensive computer knowledge.