What are the responsibilities and job description for the Chief Financial Officer / VP of Finance position at White Rock Medical Center?
White Rock Medical Center is a community-based hospital located near the historic White Rock Lake community, that serves the Dallas, Garland, Mesquite and surrounding areas. We specialize in a wide range of services including comprehensive medical / surgical care, bariatric, cardiology, outpatient and emergency medicine.
Our mission is to deliver exceptional healthcare with compassion and excellence.
White Rock Medical Center is seeking compassionate, care-minded individuals to join our company and make a difference. As a member of the White Rock Medical Center team, you can advance your skills while working in a supportive and patient focused environment.
Apply today!
Why join White Rock Medical Center?
Competitive salary and benefits
Employee programs and events.
Paid Time Off and 7 Company Holidays.
Employer paid life insurance.
Additional voluntary benefits such as STD, LTD, etc.
Job Summary
The Chief Financial Officer is a strategic leader responsible for the financial health and stability of the hospital. This role requires a hands-on approach to financial management, including setting up, creating, and perfecting bookkeeping, accounting, and reporting standards. The CFO will ensure the hospital's financial operations align with regulatory compliance, industry best practices, and long-term organizational goals. The ideal candidate is an experienced financial executive with deep expertise in hospital financial accounting principles, revenue cycle management, cost control, and financial planning. They should have a vision for building an efficient, high-performing hospital finance organization and the ability to execute that vision. Proficiency in Medicare cost reporting is essential, as the CFO will oversee the preparation and submission of annual cost reports to Medicare Administrative Contractors (MACs), ensuring accuracy and compliance with CMS requirements. This role demands a proactive and hands-on leader who is willing to get scrappy, dive into the details, and drive financial excellence.
Essential Functions
- Establish, implement, and oversee all financial operations, including bookkeeping, accounting, and financial reporting, ensuring accuracy and regulatory compliance.
- Develop and maintain financial policies, procedures, and internal controls to safeguard assets and ensure fiscal responsibility.
- Lead revenue cycle management, optimizing billing, coding, collections, and payer negotiations to maximize reimbursement and minimize denials.
- Create and manage hospital budgets, financial forecasts, and long-term strategic financial plans.
- Monitor financial performance, analyzing variances, identifying cost-saving opportunities, and implementing corrective actions.
- Ensure compliance with federal, state, and local regulations, including Medicare, Medicaid, and other payer requirements.
- Oversee the preparation and submission of annual Medicare cost reports, ensuring accuracy and compliance with CMS requirements.
- Drive improvements in financial systems, ERP implementations, and automation of financial processes.
- Serve as a financial advisor to the CEO and executive leadership team, providing insights and data-driven recommendations.
- Develop financial models for capital investments, expansion projects, and service line profitability.
- Partner with department heads to ensure financial discipline and accountability across the organization.
- Manage relationships with external auditors, regulatory agencies, banks, and other financial institutions.
- Lead, mentor, and develop a high-performing finance and accounting team, fostering a culture of excellence and accountability.
Behavioral Standards
Communication / Knowledge
Requirements
Experience
Education
License / Certifications
