Chief Financial Officer - DMC Huron Valley-Sinai Hospital

Job Summary

COMPANY BACKGROUND:

Tenet Healthcare Corporation (NYSE: THC) is a diversified healthcare services company headquartered in Dallas. Our care delivery network includes United Surgical Partners International, the largest ambulatory platform in the country, which operates ambulatory surgery centers and surgical hospitals. We also operate a national portfolio of acute care and specialty hospitals, other outpatient facilities, a network of leading employed physicians and a global business center in Manila, Philippines. Our Conifer Health Solutions subsidiary provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers, and other clients. Across the Tenet enterprise, we are united by our mission to deliver quality, compassionate care in the communities we serve. For more information, please visit www.tenethealth.com.

MARKET SUMMARY:

Detroit Group

DMC Huron Valley-Sinai Hospital, Commerce Township, Michigan

Located in Commerce, Michigan, a suburb 25 miles northwest of Detroit, DMC Huron Valley-Sinai Hospital is one of eight hospitals/institutes composing the Detroit Medical Center. Huron Valley-Sinai Hospital is a full-service community teaching hospital with 158 licensed beds, including 6 pediatric beds in a partnership with Children's Hospital of Michigan. The hospital is staffed by more than 420 physicians (288 active including 40 employed), 330 nurses, and 800 support staff servicing more than 40,000 patients annually.

The hospital annually has more than 9,500 admissions, and performs more than 2,500 inpatient and 5,000 outpatient surgeries. Huron Valley-Sinai Hospital features the Harris Birthing Center, a regional specialty center, the Charach Cancer Treatment Center, surgical suites, cardiac services, and comprehensive inpatient and outpatient diagnostic care. The hospital is located in Oakland County, among the ten highest income counties in the United States with a population over one million people. Oakland County is comprised of 61 cities, townships, and villages. The communities served by Huron Valley-Sinai Hospital are mostly suburban and rural, and the area features dozens of lakes, and state and county parks, and is a recreational destination for hundreds of thousands in Southeast Michigan.

The Hospital's busy emergency department treats more than 33,000 patients each year. Cardiology services include all surgical procedures except transplant, with four cardiac cath labs available. Orthopaedics and oncology are also core service lines, with on-site radiation oncology services and a chemotherapy/infusion clinic. Obstetrics care includes high-risk pregnancy management, maternal/fetal medicine, and complete labor and delivery services. Critical care units treat cardiac, surgical, trauma, and medical cases.

In addition to its main hospital facilities, Huron Valley-Sinai Hospital operates two outpatient clinics, including the Charach Cancer Center and an imaging center in Novi, a suburb 10 miles southeast of the hospital. Huron Valley-Sinai Hospital was founded in 1986, and grew quickly thanks to the generosity of William Carls and the Carls Foundation. To honor this philanthropic history, Huron Valley-Sinai Hospital is located on 1 William Carls Drive.

Huron Valley-Sinai Hospital is fully accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO). The Joint Commission assesses the quality of care and safety for more than 15,000 health care organizations. The Joint Commission conducts an extensive on-site review at least once every three years whose purpose is to evaluate the organization's performance in areas that affect patient care. http://www.hvsh.org/

POSITION SUMMARY:

The Chief Financial Officer (CFO) is responsible for safeguarding facility assets and ensuring the integrity and accuracy of financial statements in accordance with GAAP. This role oversees compliance with financial policies, the effectiveness of internal controls, and overall financial governance.

As a key member of the facility leadership team, the CFO partners with the CEO and A-Team to develop and execute strategic and financial plans, while maintaining strong relationships with internal stakeholders and external regulatory bodies.

Responsibilities

FUNCTIONAL EXPECTATIONS & REQUIREMENTS:

The CFO leads financial strategy, planning, and performance management for the facility, including risk identification, mitigation, and communication of financial risks and opportunities. This role collaborates closely with corporate functions (e.g., Accounting, Audit, Legal, Treasury, IT) to ensure alignment and operational effectiveness.

Key responsibilities include:

• Financial Performance & Planning

• 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

• Drive productivity and length of stay (LOS) initiatives to optimize operational efficiency, resource utilization, and financial performance

• Develop and manage annual budgets, forecasts, and cash flow plans (including rolling forecasts)

• Provide accurate, timely financial reporting and analysis

• Controls & Compliance

• Maintain strong internal controls, financial systems, and recordkeeping

• Ensure compliance with regulatory requirements, GAAP, and company policies

• Promote ethical financial practices and audit readiness

• Revenue Cycle & Operations

• Oversee revenue cycle performance, including denials management, reimbursement, charge capture, and collections

• Partner with stakeholders to improve financial and operational outcomes

• Capital & Investment Management

• Evaluate capital projects and business opportunities, assessing financial impact and ROI

• Manage capital deployment in alignment with financial plans

• Strategic Leadership

• Partner with executive leadership on strategic initiatives, growth opportunities, and financial planning

• Analyze new business opportunities, including managed care contracts and program expansion

ORGANIZATIONAL LEADERSHIP - EXPECTATIONS & REQUIREMENTS:

The CFO is expected to drive financial and operational excellence through:

• Judgment & Execution: Deliver consistent financial performance, maintain strong controls, and adapt to market dynamics
• Strategic Partnership: Act as a trusted advisor to the CEO, contributing to growth, cost management, and long-term strategy
• Financial Influence: Translate complex financial concepts into actionable insights across all levels of the organization
• Operational Rigor: Set clear financial targets, monitor performance, and drive accountability
• Talent Development: Build and develop high-performing finance teams, ensuring strong succession pipelines

Qualifications

CANDIDATE EXPERIENCE, ATTRIBUTES AND EDUCATION REQUIREMENTS:

Experience:

• 10+ years of progressive financial leadership experience; Healthcare experience is required
• Strong background in financial operations, planning, reimbursement, and capital management
• Demonstrated success improving financial performance in complex environments
• Experience with managed care contracting and regulatory compliance

Skills & Attributes:

• Strong business acumen with the ability to translate complex data into clear insights
• Collaborative leadership style with ability to influence across functions
• High integrity, sound judgment, and strong communication skills
• Proven ability to operate effectively in fast-paced, high-pressure environments

Education:

• Bachelor's degree in Finance or Accounting required (or Business degree with Accounting/Finance focus or a CPA)
• MBA, MHA, and/or CPA strongly preferred

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Employment practices will not be influenced or affected by an applicant's or employee's race, color, religion, sex (including pregnancy), national origin, age, disability, genetic information, sexual orientation, gender identity or expression, veteran status or any other legally protected status. Tenet will make reasonable accommodations for qualified individuals with disabilities unless doing so would result in an undue hardship.

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