THR Entity Finance Officer THF - Dallas, United States - Texas Health Resources

Description

The Entity Financial Officer of Texas Health Hospital Frisco (TH Frisco) reports directly to the President, TH Frisco and is responsible for financial aspects of the hospital including the monthly financial report process, accounts payable, net revenue and payroll. Ensure internal controls and financial processes within the hospital are running smoothly and compliant with policy and procedure. Manage the HIM and Business Offices services personnel. Serves as a resource by other departments to assist with financial-related questions and decisions. Be an integral factor in the development of the financial budget and product line analysis as it relates to financial plans. Builds and maintains strategic relationships. Manages conflict and competing imperatives. Builds customer loyalty among physicians, employees and community. Possesses a requisite level of technical and professional knowledge in Accounting including exceptional leadership skills.

The Entity Financial Officer has the following duties and responsibilities

Strategic Management:

Collaborates with others to establish vision and values for patient care services. Translates vision throughout the organization. Leads with a focus on execution achieving high-impact across quality, services, and cost goals.

Analyzes Information

• Gathers information required to understand strategy
• Anticipates emerging trends in healthcare and incorporates them into practice
• Collaborates with others to translate business goals, patient care goals and knowledge trends into operations

Determines the Course of Action

• Communicates the importance of vision and values
• Considers best practices in program planning and daily management
• Organizes department to implement strategies
• Incorporates emerging trends into program design and implementation

Establishes actionable plans

• Identifies key tasks and resources to achieve strategic objectives
• Adjusts strategies to optimize success
• Makes mid-course corrections and redirects as required
• Engages multi-disciplinary terms to achieve goals
• Evaluates clinical programs to ensure financial targets are met
• Continuously evaluates financial performance and provides business support guidance to operations leadership

Models and Rewards

• Creates enthusiasm/support for the vision and strategic direction of the hospital
• Sets tone through own actions
• Recognizes others for their contributions

Aligning Performance with Success:

Builds a supportive organizational structure to drive achievement of business and clinical goals; Focuses and guides others to accomplish measurable objectives.

Sets Performance Goals

• Collaborates with others to set performance goals
• Translates business and clinical goals into actionable plans
• Engages key individuals in goal setting

Establishes Approach

• Establishes teams as necessary to accomplish tasks
• Identifies opportunities for improved operations

Creates Learning Environment

• Makes available development resources
• Provides coaching and feedback

Tracks Performance and Makes Improvements

• Establishes evaluation criteria to measure success
• Reviews progress
• Addresses performance issues (people & process)

Collaborations and Collegiality:

Develops and uses collaborative relationships to facilitate accomplishments and goals. Identifies opportunities and takes action to build strategic relationships.

Develops Collaborative Relationships

• Proactively tries to build effective relationships
• Works collaboratively with leaders and front-line staff
• Uses effective interpersonal skills

Works Collaboratively

• Negotiates through to a win-win situation
• Takes action to address conflict
• Fosters collaboration across multiple departments
• Makes rounds with staff and other department as part of the senior leadership team

Facilitates Agreement

• Supports group decisions even if not in agreement
• Shares credit for good outcomes with others

Financial Acumen:

Demonstrates broad in-depth understanding of hospital-based financial management principles. Consistently manages the budget to achieve goals.

Prepares, Justifies and Administers Budget:

• Collaborates with debts to establish and manage the budget
• Allocates resources to meet strategic goals

Plans, Administers and Monitors Budget Plan:

• Oversees and exhibits sound control of expenditures
• Assesses variances and adjust resources

Financial Guidelines

• Adheres to TH Frisco financial policies and procedures

Professional Experience & Qualifications

The preferred candidate must be able to think strategically and execute tactically. To do so, s(he) must be able to establish credibility as a clinician and an executive. As a corollary to the above, the ability to effectively communicate with diverse internal and external constituencies and stakeholders is essential. It is expected this individual will exemplify the values of the organization and bring a competent, passionate, and high-energy focus to the Quality, Patient Safety and Performance Improvement programs and activities.

Essential elements in the preferred candidate's credentials and experience should include:

• Bachelor's degree in Accounting or Finance (or equivalent) required.
• Master's degree preferred.
• Certified Public Accountant or comparable degree preferred.
• Master's degree in hospital administration or an MBA is strongly preferred.
• A minimum of 8 years of increasingly responsible financial management and leadership positions in a health care or related organization.
• A minimum of 4 years in a manager or director level position is required.
• The Chief Finance Officer needs to possess the skills and training to manage and lead a diverse group of people.
• The incumbent must understand the intricacies of complex organizational dynamics to effectively develop strategies for success.
• The incumbent needs to understand how to develop and integrate systems and processes into an organization so the organization's structure can operate smoothly and efficiently.
• The Chief Finance Officer needs to have a proven track record of success both working in and managing via a matrix structure.
• The incumbent must have a thorough knowledge of financial accounting, cost accounting, generally accepted accounting principles and internal accounting controls as well as a general knowledge of financial analysis, planning and computer systems.
• The Chief Finance Officer must have continuous knowledge of supply costs and appropriately assess variances.
• The incumbent must have the ability to organize, delegate and supervise professionals as well as clerical staff and possess good oral and written communication skills.
• Knowledge of product pricing, provider reimbursement and financial requirements specific to hospitals are beneficial.
• Ability to anticipate and model what changes in reimbursement will mean for the hospital.

Texas Health requires a resume when an application is submitted.Employment opportunities are only reflective of wholly owned Texas Health Resources entities.

We are an Equal Opportunity Employer and do not discriminate against any employees or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.