Palm Beach Group
Delray Medical Center, Delray Beach, Florida
Getting you back to life and feeling better is our goal at Delray Medical Center. Every day our 1,600 employees, 600 doctors and numerous community volunteers work hard to heal at Delray. We have been named one of the 50 Best Hospitals in America by Healthgrades for the last 10 years. Our highly trained healthcare professionals are here when you need us, no matter your medical or surgical needs.
For more than 30 years, our 536-bed acute care hospital has proudly served the communities of South Palm Beach County. As both a community hospital and a Level I Trauma Center, we offer several specialized services including cardiac care, orthopedics, rehabilitation, neurosciences, emergency care and more.
We have earned more than 50 awards for excellence and quality care. These awards mean you, your family, and the community have local access to top-quality medical care.
POSITION SUMMARY:
The Group Assistant Chief Financial Officer collaborates with the Group Chief Financial Officer and assumes responsibility for the ongoing effective operation of the department by exerting a leadership role that supports the hospitals' mission, vision, goals, and objectives while focusing on the patient, physicians, employees, volunteers, and the community as customers. The Group Assistant Chief Financial Officer has ongoing accountability for the continuous assessment, improvement, coordination, and integration into the hospitals’ and group’s financial functions.
FUNCTIONAL EXPECTATIONS & REQUIREMENTS:
The Group Assistant Chief Financial Officer has responsibility for supporting the Group Chief Financial Officer in all efforts to ensure the financial viability of the hospital network by establishing and monitoring financial plans and budgets, and managing the financial affairs of the hospital network according to business unit goals, sound business practices, corporate and hospital policies, and according to various government regulatory requirements.
As such, the Group Assistant CFO’s responsibilities are to:
- Analyze daily operating results to ensure that revenues, expenses, and labor are within budgeted objectives; advise department heads and administration of needed changes and improvements in a timely manner.
- Establish and maintain sound financial controls and record keeping.
- Keep abreast of government regulatory requirements and the rapidly changing reimbursement environment to develop and implement changes to policies and procedures as needed.
- Ensure that the financial operations of the hospital network are carried out in an ethical, responsible manner.
- Establish and monitor the annual operating budget according to sound budgeting principles and corporate guidelines.
- Evaluate the hospital network’s overall financial position and prepare periodic financial and operating reports.
- Prepare financial forecasts and monitor performance versus budget; consolidate results, prepare rolling 90-day forecasts, and develop and implement cash management controls.
- Coordinate with other senior members of the leadership team in the development of major strategic and financial plans, including capital expenditure programs.
- Review, evaluate and ensure the effectiveness of all financial and accounting systems in the hospital network.
- Assist in the development of new business by analyzing the feasibility of new programs, including managed care contracts, and advise management of the financial prospects.
- Attend promptly to the administrative details of the position including the signing of documents, preparation of reports, and completion of performance appraisals.
- Assist organization with identification and execution of cost savings initiatives.
- Serve as a Regional Resource providing assistance to Hospital Finance Teams as needed.
- Rotate through departments across the health system to identify best practices for deployment across the market.
- Aspire for career progression and maintain a disposition for learning and development.
CANDIDATE EXPERIENCE, ATTRIBUTES AND EDUCATION REQUIREMENTS:
- At least five years of progressive financial healthcare or equivalent experience.
- Good organization skills with the ability to prioritize workload and successfully manage all financial activities.
- Ability to convert complex finance, operational, and compliance issues into terms and concepts that are easily disseminated.
- A referenceable track record in facility finance.
- Participation, as well as supervisory experience, in negotiating managed care contracts.
- Substantial financial management experience including financial operations, strategic and financial planning, contracts, reimbursement, budgeting and capital financing in a complex environment.
- A thorough understanding of healthcare trends with the ability to anticipate opportunities.
Education/Certifications:
- A Bachelor’s degree in Finance or Accounting is required. An MBA, MHA and/or CPA designation is preferred.
Compensation:
A competitive compensation program will be tailored to the selected candidate.
Travel:
Travel between hospitals in the market is required. Travel outside of the market will be minimal.
Tenet Healthcare complies with federal, state, and/or local laws regarding mandatory vaccination of its workforce. If you are offered this position and must be vaccinated under any applicable law, you will be required to show proof of full vaccination or obtain an approval of a religious or medical exemption prior to your start date.
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