Texas Health Resources Entity Finance Officer THF in Arlington, Texas
Texas Health is expanding to Frisco, collaborating with UT Southwestern Medical Center to build a campus that will serve as a major access point, delivering quality, consumer-centric services to a rapidly growing community. Frisco is ranked as the fastest-growing city in the nation, with a population expected to exceed 200,000 in 2020.
Texas Health has formed a separate nonprofit organization with UT Southwestern to own and operate the campus. UT Southwestern and Texas Health have a 49 percent and 51 percent interest in the project, respectively, with the Board of Trustees comprised accordingly.
Scheduled to open in 2019 and located on 20 acres off the Dallas North Tollway in northeast Collin County, Texas Health Hospital Frisco will feature a 325,000-square-foot, 80-bed acute care hospital that will include a 24/7 emergency room, surgical services, women’s services and a neonatal intensive care unit(NICU). Operated by Texas Health Resources, the hospital is a joint venture with the University of Texas Southwestern Medical Center. Staffing will be open to all qualified physicians and surgeons.
The 120,000-square-foot medical office building operated by UT Southwestern will house primary care practices and a multispecialty clinic. The building will have space for both UT Southwestern and community physicians. Specialties include orthopedic and spine surgery, bariatric surgery, otolaryngology, ophthalmology, gastroenterology, urology and several pediatric specialties. In addition to office space for physicians, the office building will offer a branch of the O’Donnell Brain Institute as well as comprehensive physical medicine and rehabilitation services including a physical therapy gym designed to provide services for both musculoskeletal and traumatic brain injury. Offering this broad range of clinical specialties in one location will bring comprehensive health care to Northeast Collin County, exceeding the unique needs of each individual and the collective well-being of the community.
The Chief Financial Officer of Texas Health Hospital Frisco (TH Frisco) reports directly to the President, TH Frisco and is responsible for financial aspects of hospital including the monthly financial report process, accounts payable, net revenue and payroll. Ensure internal controls and financial processes within 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 requisite level of technical and professional knowledge in Accounting including exceptional leadership skills.
The Chief Financial Officer has the following duties and responsibilities:
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 goal.
· 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 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 opportunity 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
· 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
· Supports group decisions even if not in agreement
· Shares credit for good outcomes with others
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
· Adheres to TH Frisco financial policies and procedures
Individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individual with disabilities to perform the essential functions. This role requires the ability to solve problems, think outside-the-box, and be resourceful; must be result-oriented, a quick learner and self-starter. The requirements listed below are representative of the knowledge, skill, and/or ability required to build THR's culture for action.
Education and/or Experience:
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 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 a 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.
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.