This position is incentive eligible.
Introduction
Executives thrive with us! HCA Healthcare is one of the nation’s leading providers of healthcare services, comprising of over 180 hospitals and about 2,000 sites of care in 21 states and the United Kingdom. We are looking for a Chief Financial Officer for our enterprise Hospital Based Physician Services team, where excellence creates excellence. This position will be based in Brentwood, TN.
Benefits
HCA Healthcare offers a total rewards package that supports the health, life, career and retirement of our colleagues. The available plans and programs include:
- Comprehensive medical coverage that covers many common services at no cost or for a low copay. Plans include prescription drug and behavioral health coverage as well as free telemedicine services and free AirMed medical transportation.
- Additional options for dental and vision benefits, life and disability coverage, flexible spending accounts, supplemental health protection plans (accident, critical illness, hospital indemnity), auto and home insurance, identity theft protection, legal counseling, long-term care coverage, moving assistance, pet insurance and more.
- Free counseling services and resources for emotional, physical and financial wellbeing
- 401(k) Plan with a 100% match on 3% to 9% of pay (based on years of service)
- Employee Stock Purchase Plan with 10% off HCA Healthcare stock
- Family support through fertility and family building benefits with Progyny and adoption assistance.
- Referral services for child, elder and pet care, home and auto repair, event planning and more
- Consumer discounts through Abenity and Consumer Discounts
- Retirement readiness, rollover assistance services and preferred banking partnerships
- Education assistance (tuition, student loan, certification support, dependent scholarships)
- Colleague recognition program
- Time Away From Work Program (paid time off, paid family leave, long- and short-term disability coverage and leaves of absence)
- Employee Health Assistance Fund that offers free employee-only coverage to full-time and part-time colleagues based on income.
Learn more about Employee Benefits
Note: Eligibility for benefits may vary by location.
HCA Healthcare has expanded our influence across the healthcare industry by investing $3.5 billion in capital improvements in recent years. Do you want to be an influencer in healthcare? Apply for our Chief Financial Officer of HBP role today!
Job Summary and Qualifications
Under a combination of administrative and executive direction, the Chief Financial Officer (CFO) of Hospital Based Physician Services (HBP) provides leadership and directs the overall financial operation of HBP Service Lines consistent with policies and objectives established by Clinical Services Group and HCA Healthcare leadership. The HBP CFO plans, organizes, applies, directs, controls and evaluates all financial resources, systems, and assets invested in the service lines. The HBP CFO uses all resources to generate measurable returns and actively leads HBP strategy deployment to establish HCA as a premier clinical organization.
- Provides overall financial leadership and direction for the Hospital Based Physician Service lines under Clinical Services Group including intensive care, anesthesia, pathology, physician resource team, laboratory services and joint venture managed for the enterprise. HBP excluding Lab Services represents $350M in net revenue management.
o Forward Pathology Solutions- one of the country’s largest groups of pathologists providing pathology services at 110 facilities with 200+ providers.
o Physician Resource Team- internal consulting team of HBP subject matter experts with responsibility for providing hospitals with quality, operations, and subsidy/cost recommendations. Averaging 100+ engagements and over $100M in cost savings/avoidance annually.
o Anesthesia Services- growing line of business employing anesthesiology providers (800+ providers and growing) servicing 30 hospital sites, projected to grow to 1500 providers in 2024.
o Intensive Care Consortium- the country’s largest provider of Intensivist services with 375+ providers providing patient car at 1,566 ICU beds in 51 hospitals.
o Laboratory Services- supporting lab centralization and standardization model across organization including management operations of 14 central lab, 177 hospital laboratories, and 150 free standing emergency labs
- Builds and manages the financial infrastructure for the HBP Service Lines in support of rapidly expanding lines of business within HCA and in an industry experiencing both significant growth and consolidation. Direct reports include individual service line CFO’s and Controller III and 15 financial staff.
- Acts as the Service Lines Chief Financial spokesperson and oversees all strategic and tactical matters as they relate to budget management, cost analysis, and forecasting.
- Oversees services performed for HBP by other HCA Groups such as Information Technology and Revenue Cycle Management.
- Collaborates with the HBP President and the CSG CFO in the development of long and short range strategic plans which includes service demand analyses, resources availability analyses, and cost benefit analyses of proposed capital and staff expansions.
- Leads the development of Service Line, Division, and Market Level budgets.
- Monitors, interprets, and analyzes financial performance in realizing established plans and objectives for all HBP & Lab Operations.
- Prepares and presents monthly operating review documents to Hospital, Division, PSG, and Corporate leadership as necessary.
- Directs the preparation of all financial analytics for all markets and locations that reliably reflects the financial position of the service line.
- Collaborates with Payer Contracting & Alignment team on HBP payer agreements
- Builds strategic alliances internally and outside the organization to create business opportunities and execute business strategies.
- Key stakeholders include CSG CFO, Division CFOs and Controllers
- Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
- Analyzes and explores means of reducing operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.
- Trains the field Financial Staff in raising awareness and knowledge of financial matters, policies, and procedures with Operations staff
- Ensures Business Continuity
- Understands and evaluates the changing impact of regulatory climate including Health Care Reform legislation and HIPAA, as it pertains to the urgent care sector.
- Builds a competitively superior organization by attracting, developing, and retaining talent to ensure that people with the right skills and motivations are in the right places at the right time to meet business needs.
- Clearly communicates HCA Healthcare’s Mission and Values
EDUCATION:
- Bachelor’s degree in Accounting or related field and knowledge of generally accepted accounting principles – required.
- Master’s degree, in a business or healthcare related discipline – preferred.
EXPERIENCE:
- Candidate must possess at least seven years practice/healthcare financial senior management experience. Knowledge of financial management, analysis, principles, techniques and managerial skills.
CERTIFICATION/LICENSE:
HCA Healthcare (Corporate), based in Nashville, Tennessee, supports a variety of corporate roles from business operations to administrative positions. Like our colleagues in any HCA Healthcare hospital, our corporate campus employees enjoy unparalleled resources and opportunities to reach their potential as healthcare leaders and innovators. From market rate compensation to continuing education and career advancement opportunities, every person has a solid foundation for success. Nashville is also home to our Executive Development Program, where exceptional employees are groomed to take on CNO- and COO-level roles in our hospitals. This selective program focuses on ethics, leadership and the financial and clinical knowledge required of professionals at this level of the industry.
HCA Healthcare has been recognized as one of the World's Most Ethical Companies by the Ethisphere Institute more than ten times. In recent years, HCA Healthcare spent an estimated $3.7 billion in cost for the delivery of charitable care, uninsured discounts, and other uncompensated expenses.
"Bricks and mortar do not make a hospital. People do."- Dr. Thomas Frist, Sr.
HCA Healthcare Co-Founder
If you're looking for a leadership opportunity that provides both personal satisfaction and professional growth, apply to join HCA Healthcare as a Chief Financial Officer HBP. Unlock your leadership potential with HCA Healthcare.
We are an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
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