Chief Financial Officer

Heritage Oaks Hospital; Sacramento (CA); On-site; USD 180,000 - 280,000; Full time

Benefits offered by this job

Medical, dental, vision plans

401(k) plan with company match

Relocation benefits

Bonus opportunity

UHS stock option

Job summary

Heritage Oaks Hospital is seeking a Chief Financial Officer to lead financial operations across an acute hospital and outpatient centers in the Sacramento area. You will oversee budgeting, financial reporting, and revenue cycle, driving profitability and adherence to regulatory standards.

The role requires a minimum of 5 years in healthcare financial leadership, a bachelor’s degree (master’s preferred), and strong expertise in hospital financial operations and compliance.

Qualifications

• Minimum 5 years of experience in a financial leadership role in a healthcare setting.
• Bachelor’s degree required; Master’s degree preferred.
• Working knowledge of hospital financial operations, federal and local tax regulations; familiarity with accounting, payroll and administrative office processes.

Responsibilities

• Monitors and controls accounts receivables; oversees cash collection goals and communicates results to CEO and Business Office Manager.
• Improves profitability by monitoring costs, payor mix, and length of stay; assists in contract negotiations with third-party payers.
• Develops and monitors policies and procedures to ensure cash flow and reduced operating costs.
• Prepares monthly financial statements and analyses; provides reconciliations and internal controls for stakeholders.

Skills

Financial leadership

Healthcare finance

Financial analysis

Budgeting

Regulatory knowledge

Education

Bachelor's degree

Master's degree preferred

Tools

Excel

Proprietary databases

Job description

Heritage Oaks Hospital is a 125-bed mental health facility that offers a number of treatment services based on need and age. The Hospital is located in Sacramento, California offers a full range of individualized treatment services to teens, adults and senior adults—including treatment for substance abuse and chemical dependency issues with drugs and alcohol. In addition to the hospital Heritage Oaks offers three outpatient centers providing treatment options on campus, West Sacramento, and Roseville. The hospital is situated 15 minutes from Sacramento International Airport and an easy commute to many popular locations throughout California.

To learn more visit: https://heritageoakshospital.com/

The Chief Financial Officer will:

• Monitors and controls accounts receivables. Closely oversees Business Office functions to ensure cash collection goals are met, and net revenue is properly stated. Facilitates weekly A/R meeting with CEO and Business Office Manager to communicate results and monitor areas of weakness. Monitors and affects as needed relationship between Business Office, Intake and Utilization Review departments to maximize patient revenue.
• Improves the profitability of the hospital. Continually monitors costs in all areas, especially staffing as it relates to patient volume. Continually monitors payor mix and length of stay to maximize reimbursement. Assists in negotiation of contract terms with third party payers. Prepares pro-forma analysis of new program, contracts, etc. to determine estimated outcome. Monitors and evaluates success/failure of implemented program including physician arrangements.
• Develops policies and procedures. Develops and monitors policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced hospital operating costs, and increased revenues.
• Prepares monthly financial statements, financial packages, and other informational reports/analyses. Through account analysis, variance analysis, journal entries, and internal controls, prepares detailed financial statements to accurately reflect the monthly operating results.
• Provides required reporting. Provides reconciliations, account analyses, and other information for Reimbursement Department, Tax Department, Auditors, etc., to aid in preparation of reports.
• Prepares annual budget in conjunction with UHS standards. In cooperation with management and department heads, reviews prior financial results and discusses anticipated changes to highlight future needs and trends of the facility. Tailor's hospital needs to UHS objectives.
• Performs other duties as assigned/required.

Job Requirements:

Minimum of 5 years of experience in a financial leadership role in a healthcare setting.

• Minimum education requirement of a bachelor’s degree. Master's degree preferred
• Must possess a working knowledge of hospital financial operations, federal and local tax regulations; knowledge of all business office, accounting, payroll and other administrative office operations including all processes from registration through discharge.
• Must be skilled at interpreting financial analysis and performance information; preparing schedules and reports, using source data and compiling reports from others’ schedules; using electronic spreadsheets and ability to manipulate data within proprietary and acquired databases.

This opportunity offers the following:

• Challenging and rewarding work environment
• Growth and Development Opportunities within UHS and its Subsidiaries
• Excellent Medical, Dental, Vision and Prescription Drug Plan
• 401k plan with company match
• Relocation benefits
• Bonus opportunity
• UHS Stock opportunity

About Universal Health Services

Headquartered in King of Prussia, PA, Universal Health Services, Inc. (NYSE: UHS) is one of the nation’s largest and most respected providers of hospital and healthcare services. Since our founding in 1979, UHS has grown steadily into a premier Fortune 500® corporation perennially recognized by multiple esteemed national rating entities. Through its subsidiaries, UHS operates inpatient acute care facilities, inpatient behavioral health facilities, outpatient and other facilities, nationwide virtual behavioral health services, an insurance offering, a physician network and various related services with physical locations in the U.S., Puerto Rico, Ireland and United Kingdom. www.uhs.com.

All UHS subsidiaries are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates. UHS subsidiaries are equal opportunity employers and as such, openly support and fully commit to recruitment, selection, placement, promotion and compensation of individuals without regard to race, color, religion, age, sex (including pregnancy, gender identity, and sexual orientation), genetic information, national origin, disability status, protected veteran status or any other characteristic protected by federal, state or local laws.