Chief Financial Officer - CFO

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Lubbock Heart & Surgical Hospital specializes in the care of cardiac, orthopedic, nephrology, urology, and general medical patients. We are also a highly active inpatient center mainly centered on surgical procedures that include cardiothoracic, orthopedic, urology, and general surgery. We have a 24-hour Emergency Department with 5 fully equipped ED rooms, 4 fully operating OR rooms, 4 cardiac catherization labs with 1 electrophysiology room, 11-day surgery rooms, 58 acute care beds spread over three units, and 16 cardiac critical care rooms. We pride ourselves on giving the best overall care possible to our patients and on our family style atmosphere that includes everyone: patients and their families, physicians, and our employees.

Position Summary

The Chief Financial Officer assists the Hospital CEO and other hospital leadership in managing the financial and legal aspects of the business. In addition, this position has operational responsibility for the accounting, purchasing, revenue integrity, health information systems, and patient access departments. Due to the size of the company, this position must maintain extensive skills in the areas being supervised, and will often assist those reporting departments in a direct, hands-on way. A critical need to balance time spent on operational areas versus strategic management issues requires a fast-working, confident, critical thinker who can juggle multiple high priority projects simultaneously.

Qualifications/Specifications

• Education: Bachelor’s degree from recognized university in field of finance, accounting, or health care administration. Master’s degree preferred
• Licensure/Certification: Certified Public Accountant/Certified Management Accountant or Certified Manger of Patient Account would be preferable, but is not required.
• Experience: 7-10 years of progressive leadership experience in the hospital finance setting is required. Must be well versed in Health Care regulatory compliance, central supply management, SOX compliance, and GAAP.
• Excel expertise required
• Ability to work individually and in a team setting is required.
• Experience developing and motivating staff, as well as an understanding of the general principles of human resources management and employment law.
• Computer proficiency and data analysis experience. Demonstrated experience in developing and overseeing large budgets and leading and implementing strategic planning initiatives.
• Proven ability to create effective working relationships with physicians, staff and Board members.
• Demonstrated leadership ability and complex organizational management skills.
• Must maintain confidentiality concerning patient personal, financial and medical information.
• Demonstrated flexibility and the ability to continually address and shift priorities, meet deadlines and work in a stressful environment.
• Excellent written and verbal skills and the ability to speak to large and diverse groups.
• Must present a professional appearance, providing a positive image of the organization to the public.
• Must exercise considerable judgment and discretion.

Primary Duties

• Financial and Revenue Leadership
• Leads the overall process of revenue integrity and financial management for the facility.
• Responsible for financial policies and procedures to enhance the safety of assets or operational efficiency.
• Responsible for development and dissemination of cash accounting, line item budgets, forecasts, models and other data. Provide feedback on the financial or statistical results of operations with suggestions for improvement.
• Evaluates overall financial position, recommends financial plans and budgets for board approval and monitors expenditures against revenue.
• Directs development and planning of financial reporting systems.
• Reviews effectiveness of financial and accounting system, policies and procedures; directs development and implementation of improvements.
• Directs financial and revenue integrity team leaders.
• Collaborates with other senior members in developing major financial plans including capital expenditure programs.
• Maintains departmental reports and records and collects statistical data for administrative and regulatory purposes.
• Supervises and coordinates the functions of reimbursements, budget, patient accounting, and general accounting, which includes general ledger accounting, accounts payable, and cashiering.
• Prepares reports outlining hospital’s financial position in all areas of assets, liabilities, income and expense, based on past, present, and planned future operations.
• Purchasing and Materials Management Leadership
• Leads the overall purchasing and materials management for the facility.
• Responsible for development of policies and procedures to enhance the purchasing power to maintain operational efficiency.
• May direct and oversee planning, practices, procedures and personnel associated with hospital’s central supply programs.
• Operations Oversight
• Recruit, hire, train, and provide organizational support for the key areas of operational responsibility
• Responsible to uncover the issues and concerns affecting efficiency, productivity or morale as it relates to those areas assigned.
• Completes employee evaluation(s) in a timely manner per company policy.

Key Relationships

• Maintains positive relationships with internal and external customers. Is effective in interacting with others and problem solving.
• Proactive in meeting customer’s needs. Responds promptly to customer needs or requests.
• Keeps President and appropriate staff members informed of problems; recommends solutions.
• Participates in education/development of peers and other staff.

Initiative

• Develops specific work plans and due dates.
• Follows through on planned assignments within assigned timeframes.
• Effectively prioritizes assignments.
• Demonstrates a willingness to accept extra assignments.
• Adjusts to change, work pressures or different situations without undue stress.
• Demonstrates skill in developing improvements in work methods.
• Effective in cost control and resource utilization.

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