Chief Financial Officer

Prime Healthcare; Chicago (IL); On-site; USD 250,000 - 280,000; Full time

Benefits offered by this job

401K retirement plan

Medical, dental, and vision coverage

Tuition reimbursement

Paid time off

Job summary

Prime Healthcare is seeking a Chief Financial Officer to lead financial operations across a hospital facility within our growing network. You will direct budgeting, reporting, and strategic financial planning, ensuring compliance with GAAP and regulatory standards.

The role requires a CPA, strong healthcare accounting knowledge, and 5–7 years of hospital finance experience, with management experience preferred. Competitive compensation and a comprehensive benefits package are included.

Qualifications

• Five to seven years experience in hospital accounting/finance; two years in management preferred.
• Proficiency with end-to-end hospital revenue cycle operations.
• Extensive knowledge of health care accounting practices and principles.
• Membership in ACHE or other professional organizations preferred.

Responsibilities

• Carrying out all policies and procedures established by the Governing Board in line with hospital philosophy and practices.
• Presenting financial reports to the Governing Board or committees.
• Planning, organizing and influencing department activities while maintaining accurate hospital financial records.
• Preparing annual operating capital expenditure and cash flow budgets for approval.
• Supervising financial affairs to optimize funds usage within annual budgets.
• Setting realistic goals and achieving them with measurable criteria.
• Demonstrating flexibility to adapt to changing demands and priorities.
• Identifying problems and solutions to improve organizational performance.

Skills

Hospital accounting/finance

Healthcare accounting practices

CPA (preferred)

Education

Bachelor degree in Accounting/Finance

Job description

Overview

Prime Healthcare stands apart from others by its unique ability to save and transform hospitals. We have been named the “fastest-growing hospital system” in the country by Modern Healthcare. And as we continue to grow and fulfill our mission of “saving hospitals, saving jobs and saving lives,” we remain committed to delivering exceptional care, and creating a legacy that will improve healthcare.

Overview

Prime Healthcare stands apart from others by its unique ability to save and transform hospitals. We have been named the “fastest-growing hospital system” in the country by Modern Healthcare. And as we continue to grow and fulfill our mission of “saving hospitals, saving jobs and saving lives,” we remain committed to delivering exceptional care, and creating a legacy that will improve healthcare.
Prime Healthcare and the not-for-profit Prime Healthcare Foundation employ more than 60,000 employees and physicians and own and operate 54 acute care hospitals in Alabama, California, Georgia, Illinois, Indiana, Kansas, Maine, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, Rhode Island, and Texas.

If you wish to contribute to the Prime Healthcare legacy within a Chief Executive capacity for a hospital within our family of acute care hospitals (or one of our future hospitals), then join our executive leadership network to begin exploring immediate and future opportunities!

Responsibilities

As a Chief Financial Officer leading one of our facilities, you'll be responsible for:

• Carrying out all policies and procedures established by the Governing Board consisted with the philosophy and practices of the Hospital.
• Presenting to the Governing Board or to its authorized committees periodic reports reflecting the financial activities of the hospital.
• Responsibility for planning, organizing and influencing department activities and assuring financial records of the hospital are maintained following generally accepted accounting standards.
• Preparing an annual operating capital expenditure and cash flow budget showing the expected receipts and expenditures and such other information as required by the organization and submission of such budgets for approval.
• Supervising financial affairs to ensure that funds are collected and expended to the best possible advantage and within the provision of the annual budgets.
• Setting realistic goals and meets those goals through set criteria that measures effective outcomes, focus and drive.
• Demonstrating flexibility; being willing to make changes in the work schedule and work assignments to meet changing demands/priorities.
• Employing analytical abilities, pragmatism, and other tools to resolve complex problems in a variety of contexts.
• Identifying problems and possible solutions; contributing to organizational performance improvement.
• Maintaining ability to connect processes, events, and systems, demonstrating a balance between process orientation and big-picture thinking.
• Identifying with, and sharing in the organization’s commitment to mission, philosophy and goals.

Qualifications

In order to be considered for a Chief Financial Officer position within our facilities, you'll possess the following qualifications:

• Bachelor degree in Accounting / Finance or closely related field.
• Extensive knowledge of Health Care Accounting practices and principles.
• Progressively responsible position in the Accounting profession.
• Five to seven years experience in hospital accounting/finance required; two years in management preferred.
• Management of hospital financial issues related to budgeting, cash management, capital finance, and performance evaluations.
• Proficiency with end-to-end hospital revenue cycle operations.
• In depth knowledge of insurance matters, regulations, reimbursement, information systems and plant operations.
• Familiarity with computer accounting programs.
• CPA preferred.
• Membership and active participation in ACHE and/or other professional organization preferred.

Pay Transparency

Prime Healthcare Management Inc. offers competitive compensation and a comprehensive benefits package that provides employees the flexibility to tailor benefits according to their individual needs. Our Total Rewards package includes, but is not limited to, paid time off, a 401K retirement plan, medical, dental, and vision coverage, tuition reimbursement, and many more voluntary benefit options. Benefits may vary based on employment status, i.e. full-time, part-time, per diem or temporary. A reasonable compensation estimate for this role, which includes estimated wages, benefits, and other forms of compensation, is $250,000.00 to $280,000.00 on an annualized basis. The exact starting compensation to be offered will be determined at the time of selecting an applicant for hire, in which a wide range of factors will be considered, including but not limited to, skillset, years of applicable experience, education, credentials and licensure.

Employment Status

Full Time

Shift

Days

Equal Employment Opportunity

Company is an equal employment opportunity employer. Company prohibits discrimination against any applicant or employee based on race, color, sex, sexual orientation, gender identity, religion, national origin, age (subject to applicable law), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws. Company also prohibits harassment of applicants or employees based on any of these protected categories. Know Your Rights: https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf.