Chief Financial Officer

, PA, United States

Location: The Medical Center of Southeast Texas Posted Date: 5/22/2024 Job Type: Full Time Department: 4111.40000 ADMINISTRATION Ensures the financial viability of Steward Health Care, LLC (Steward) by establishing and monitoring financial plans and budgets. Manages the financial affairs of Steward in accordance with business unit goals, sound business practice, and Steward policies and in compliance with various government regulatory requirements. Plan organize, and direct the fiscal services department including the development, interpretation, coordination, and administration of Steward’s policies on finance, accounting, insurance, financial/accounting systems, internal controls, and auditing.

KEY RESPONSIBILITIES:

Establishes and monitors the annual operating budget in accordance with sound budgeting principles and corporate guidelines. Interfaces with Human Resources and other departments in preparation of manpower plans, salary and benefit proposals.

Supervises and develops managers in areas such as patient accounting, data processing, credit/collection, general accounting, purchasing, PBX and admitting. Establishes performance plans and objectives and evaluates results with subordinates at the end of the performance period. Provides positive direction and open lines of communication with and between subordinates.

Directs subordinates in developing and implementing systems and procedures for effective and accurate record keeping.

Evaluates Steward’s overall financial position and prepares periodic financial and operating reports.

Coordinates with other senior members of management in developing major financial plans including capital expenditure programs.

Reviews and evaluates the effectiveness of all financial and accounting systems at Steward. Directs the development and implementation of new systems, policies and procedures as required.

Assists in the developing of new business by analyzing the feasibility of new ventures including managed care contracts and advises management of the financial prospects.

Attends promptly to the administrative details of the position including the signing of documents, preparation of reports, completion of performance appraisals and other employee-related actions.

Ensures that the financial operation of Steward is carried out in an ethical, responsible manner.

Analyzes daily operating results to ensure that revenues, expenses and labor are within budgeted objectives, advises department heads and administration of needed changes, improvements, etc.

Establishes and maintains sound financial controls and record keeping with as few employees as possible. Approves financial expenditures up to the level as established by the Steward President.

Keeps current of government regulatory requirements and rapidly changing reimbursement environment in order to develop and implement changes to policies and procedures as needed.

Manage Steward’s financial resources. Through subordinates, supervise and coordinate the functions of reimbursement, budget, patient accounting, and general accounting, which include general ledger accounting, accounts payable and cashiering.

Participate in development of department objectives and organization structure. Organize work of department, allocate and schedule work to be performed, and recommend positions and staffing required. Participate in development of department operating budget and ensure that operations are maintained within allocated funds. Establish and maintain appropriate records and reports.

Develop and implement policies and procedures for department and insure compliance within. Provide for organization and maintenance of an effective system of accounting and cost determination. Continually review and modify costs systems and data collection to assure maximum cost reimbursement for patient services. Prepare periodic reports outlining Steward’s financial position in all areas of assets, liabilities, income, and expense based on past, present and planned future operations. Prepare and effect timely filing of federal, state, third party, and other financial reports as required. Stay current with national and local economic conditions and serve as advisor to board director on their impact. Recommend budget-planning guidelines to board director, coordinate preparation of current operating and capital budgets with Administrator for Steward. In conjunction with Administrator of Steward-wide budgets to director for review and board approval. Provide for Current and adequate insurance protection to protect Steward from liability and other losses.

Supervise investigation, analysis, and present recommendations with respect to costs, charges, rates, etc. to permit income to support Steward’s activities. Prepare revisions to rate structure. Participate in cost impact of personnel policies and programs such as employee benefit additions or changes, general salary increase, etc. Perform costs studies involving third parties such as Blue Cross, and local, state, and federal agencies. Participate in costs studies with Steward auditing firm representatives. Audit financial basis for any Steward activity. Participate in activities with third parties to expedite payment of long overdue accounts.

Direct and supervise department staff through subordinate managers, including review/approval of recommended personnel actions.

Implement and maintain established Steward policies and procedures, objectives, quality assurance, safety, environmental and infection control.

Direct (through subordinate supervisors) care and maintenance of department facilities, equipment and supplies.

Attend required meetings and participate on committees as required/requested.

Participate in professional activities; maintain professional affiliations to keep abreast of current trends/changes and legislation in the field.

Perform other duties as required/directed.

EDUCATION/EXPERIENCE/LICENSURE/TECHNICAL/OTHER:

Education: BS Degree in finance, accounting or equivalent. CPA and/or MBA is preferred.

Experience (Type & Length): Five or more years of progressively responsible finance experience. Excellent management and communication skills.

Steward Health Care is proud to be a minority, physician owned organization. Diversity, equity, inclusion and belonging are at the foundation of the care we provide, the community services we support and all our employment practices. We do not discriminate on the grounds of race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, and or expression or any other non-job-related characteristic.

About Steward Health Care

Over a decade ago, Steward Health Care System emerged as a different kind of health care company designed to usher in a new era of wellness. One that provides our patients better, more proactive care at a sustainable cost, our providers unrivaled coordination of care, and our communities greater prosperity and stability.

As the country's largest physician-led, minority-owned, integrated health care system, our doctors can be certain that we share their interests and those of their patients. Together we are on a mission to revolutionize the way health care is delivered - creating healthier lives, thriving communities and a better world.

Based in Dallas, Steward currently operates more than 30 hospitals across Arizona, Arkansas, Florida, Louisiana, Massachusetts, Ohio, Pennsylvania, and Texas.

For more information, visit steward.org

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