Executive Vice President Chief Financial Officer CFO

Tower Health - West Reading, PA

Full-time - Executive

West Reading, PA

5,001-10,000 employees

Hospitals

About the position

The Executive Vice President and Chief Financial Officer (CFO) at Tower Health will provide strategic financial leadership across the health system. This role involves collaborating with the CEO and senior leadership to develop and implement financial strategies that enhance the organization's mission and impact within the community. The CFO will oversee financial planning, operations, and compliance, ensuring the financial stability and growth of the organization.

Responsibilities

• Directs Tower Health's financial planning and financial operations.
• Maintains positive relationships with key internal and external constituents.
• Interacts with management and staff in developing strategic plans to include the financial planning component.
• Collaborates with each hospital's finance and ancillary departments.
• Develops and implements financial policies and procedures and ensures compliance with regulatory and organizational standards.
• Oversees financial due diligence process related to any physician network mergers or acquisitions, ensuring informed decision-making and alignment with strategic goals.
• Directs budgeting, audit, tax, accounting, purchasing, long-range forecasting, and insurance activities for the organization.
• Evaluates the organization's financial position and issues regular reports on the organization's financial stability, liquidity, and growth.
• Assures implementation of internal controls and generally accepted accounting procedures.
• Educates staff on financial management principles.
• Supervises the analysis of costs and makes rate recommendations to ensure appropriate income/cash flow.
• Oversees and directs the preparation and issuance of the organization's annual tax and other reports.
• Prepares and presents financial results to the Board of Directors, if applicable, and other key groups.
• Provides strategic leadership and fosters high level performance in the delivery of healthcare.
• Works with corporate constituents and hospital leadership to maintain an organized system of management and controls that ensure smooth function of hospital/health system operations.
• Works with the CEO and the Corporate Planning department to develop strategic plans for the hospitals that ensure top performance and fosters market and program growth that aligns with the organization's strategy.
• Provides input into payor relations strategies and agreements.
• Utilizes financial and analytical skills to lead, monitor, and take actions that ensure the hospital's financial stability and long-term success.
• Ensures each hospital is appropriately resourced from a capital and labor perspective.
• Works with the hospital board of trustees in the delivery of established goals.
• Informs and advises the board of trustees on matters that influence and impact hospital performance.

Requirements

• Experience in a financial leadership position in an adult hospital or health system.
• Strong healthcare revenue cycle and managed care experience.
• Master's degree in a relevant field.
• Strategic thinking and leadership abilities.
• Strong financial and business acumen.
• Excellent communication and interpersonal skills.
• Collaborative skills for cross-departmental initiatives.
• Proficiency in Microsoft Office applications.

Benefits

• Competitive salary based on experience
• Comprehensive health benefits
• Retirement savings plan
• Professional development opportunities