Entity Finance Officer, Texas Health Southwest

The Entity Finance Officer reports directly to the Senior Vice President Channel Financial Operations Officer, THR with a matrix reporting relationship to the President, THSW. The incumbent serves as the financial officer of THSW and routinely interfaces with members at the highest management level. The incumbent is a member of THSW's senior management team and participates in strategic planning operations, new business development, etc.

The Entity Finance Officer provides financial leadership for Texas Health Southwest as well as serve as the financial liaison to integrate THSW-related physician practice activities through Texas Health Physician Group.

Essential Functions:

• Serves as a resource for management, physicians and staff by providing accurate, timely and appropriate information to make financial decisions. Assures the accurate preparation of THSW Financial statements, including the adequacy of Bad Debt reserves, Managed Care discounts, accrued liabilities and Medicare/Medicaid liabilities.
• Provides and interprets financial information to Senior Management and all levels within the hospital providing detailed financial analysis and consulting on various projects periodically.
• Prepares the THSW Strategic Long-Term Financial Plans. This includes the coordination of Senior Management’s best estimates of profitability and capital equipment needs.
• Development, installation and operation of appropriate financial controls to assure the assets of the hospital are properly protected.
• The preparation of the THSW Annual Operating and Capital Budgets and long-term financial plan. The budget is the consensus of management’s expectation for the coming year. The budget is prepared once a year to project the next fiscal year’s financial position on a monthly basis.
• Coordinates with THR the accurate and timely completion of tax returns, Medicare Cost Reports, capital budget tracking and entity financial audits.
• Protecting the tax-exempt status of the hospital and for assuring that all operations are conducted within the limits of all local, state, and federal statutory requirements and limitations.
• Serves as a member of THSW’s Senior Management Teams.
• Serves as administrative representative on various Hospital and THR Committees such as, but not limited to Charity and Education Assistance, Finance Council, etc.
• Manage the budget process and assists in implementing plans to assure The Joint Commission accreditation in coordination with other members of the Administrative Team.
• Manage the selection, training, and compensation for all the financial positions that report directly to the incumbent.
• Direct reporting responsibility for THSW’s Patient Access Services, Hospital Supply Chain Logistics, Finance and Decision Support.
• Matrix responsibilities and liaison for patient accounting, including business services and supply chain management.
• Tracking and financial oversight of approved construction projects.