Division Chief Financial Officer

Division Chief Financial Officer (CFO)
Quorum Health Corporate Office - Brentwood, Tennessee

Position Summary:   The Division Chief Financial Officer's primary functions are to assist the COO with meeting or exceeding the yearly profit objectives: monitoring hospital capital expenditures for contract and budget compliance, working closely with the CEO and CFO of each facility during the evaluation of new services, and coordinating efforts towards the hospital managed care development.

Key Responsibilities: 

• Facilitate monthly close at the hospitals, ensuring all close schedules are met and all corporate accounting policy and procedures are followed.
• Facilitate hospital responses generated by Reimbursement’s review of the monthly contractual packages
• Prepare for Corporate monthly operation review with the Division President
• Monitor hospital capital expenditures for contract and budget compliance with assistance from team members.
• Review and make recommendations to the Division President for non-budgeted capital items and capital items above the hospital CEO approval level.
• Review CERs and maintain division discretionary funds.
• Work closely with the hospital’s CEO and CFO during the evaluation of new services, which includes reviewing the need of the proposal and the financial impact of the new service.
• Make recommendations to the COO on the pursuit of proposed new service lines.
• Ensure all new services have had the appropriate legal, reimbursement and accounting reviews performed prior to approval.
• Coordinate/review deal points and contracts and make appropriate recommendations to the COO.
• Coordinate Division efforts in managed care development in conjunction with VP-Business Development/Managed Care
• Review all managed care contracts submitted by the hospital and the related recommendations form the VP-Bus. Dev. And make appropriate recommendations to the Division President.
• Implement appropriate managed care tracking at each facility.
• Set the expectations for office managers.
• Review/monitor progress in AR days, Bad Debt, past results, etc.
• Work closely with the Director of Business Operations to resolve business office issues – training workflow, collections, etc.
• Ensure that there are appropriate initiatives at each facility to address hospital specific issues – skill mix, supplies, purchased service costs, medical specialist fees, etc.
• Work closely with Internal Audit to ensure the financial integrity of the hospital’s financial statements.
• Assist in implementation of Internal Audit recommendations and ensure hospital compliance with SOX guidelines.
• Review all budget packages with the CEO, CFO, and CNO of each facility – Projections.  Operations Budget and Capital Budget.
• Prepare Division President for corporate budget reviews.
• Verify the accuracy of the due diligence model prepared by Acquisitions.
• Evaluate the major deal points relative to the future financial operations.
• Verify the adequacy of reserves included in the contract.
• Coordinate all transition issues after the sale is completed – Accounting, IS, Staffing, etc.
• Work with executive recruiting and other members of Division to interview and select CFOs and ACFOs for the hospitals.
• Work with compensation function and company CFO to determine hospital CFO and ACFO compensation.
• Develop the hospital CFOs by ensuring that there is adequate training and awareness of corporate policy and procedures, changes in accounting procedures, etc.
• Other duties may be assigned

Required Qualifications:

• Reasoning Ability - Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• CPA License preferred 

Education/Experience:

• Bachelor's degree in accounting or related field is required
• Master's degree preferred
• 8 + years of accounting and audit experience
• Acute care hospital CFO level experience highly preferred
• Public accounting experience preferred