Chief Financial Officer (CF0), Valencia County Hospital

Valencia County Hospital is seeking a Chief Financial Officer (CFO) to lead our new 15-bed acute care facility currently under construction in Los Lunas, NM. Owned by Valencia County and operated through a joint venture between Community Hospital Corporation (CHC) and Lovelace Health System, this startup facility represents a vital investment in rural healthcare.

About the Role

Following the direction of the Chief Executive Officer, Board of Directors, and CHC's Senior Vice President of Hospital Financial Operations, the CFO is responsible for the leadership and oversight of the overall financial planning and operations of this new startup hospital. The successful candidate must ensure compliance with the hospital's mission, vision, and strategic direction while navigating the unique financial landscape of a rural/community healthcare environment.

Responsibilities

• Appraise the organization's financial position and issue periodic financial and operating reports.
• Direct the hospital's financial planning, revenue cycle, payroll, and accounting practices.
• Oversee and direct treasury, budgeting, audit, tax, purchasing, real estate, and insurance.
• Develop and implement policies and procedures to safeguard assets and ensure adherence to generally accepted accounting principles.
• Ensure proper accountability and reporting to federal and state agencies for a fiscally responsible flow of operations.
• Maintain positive relationships and effective communications with lending institutions, the financial community, CHC, medical staff, employees, volunteers, community representatives, and board members.

Executive Responsibilities & Leadership

Strategic Leadership & Vision

• Startup Operations: Direct the hospital's financial planning, revenue cycle, payroll, and accounting practices from the ground up with CHC's direction.
• Financial Leadership: Provide oversight of all financial operations, ensuring compliance with applicable laws, regulations, and hospital mission.
• Mission Alignment: Support the hospital mission and ensure all stakeholders understand the vision and priorities of the facility.
• Strategic Growth: Lead the development and implementation of short- and long-term strategic objectives to ensure clinical growth and essential services for the Valencia County community.
• Executive Support: Fulfill the leadership role in the CEO's absence.

Clinical Operations & Financial Stewardship

• Operations Management: Analyze data to prioritize needs and implement process changes to improve both clinical and financial operations.
• Financial Oversight: Participate in budget preparation (operating and capital) and ensure effective use of productivity measures and resource stewardship.
• Information Management: Guide the strategy for secure data collection, privacy, and the evolving technological demands of a modern healthcare facility.

Safety, Quality, and Compliance

• Culture of Safety: Maintain a safe functional environment, encouraging all staff to identify quality issues and participate in improvement initiatives.
• Regulatory Integrity & Knowledge: Ensure total compliance with federal, state, and local laws, as well as accrediting agency standards and CHC corporate policies. Deep understanding of the Medicare system and laws pertaining to healthcare finance.
• Continuous Improvement: Actively measure and report quality results, fostering a commitment to clinical excellence and patient satisfaction.

Talent Management & Accountability

• High Performance Culture: Set clear, consistent goals and hold the team accountable for results, creating a culture of ownership and excellence.
• Staff Development: Proactively assess developmental needs, providing frequent coaching and timely corrective feedback to elevate team competency.
• Decisive Leadership: Take prompt action to address behavioral problems or remove talent that is non-responsive to coaching and developmental activity.
• Resource Availability: Ensure adequate staffing levels of competent, credentialed, and motivated personnel, including physicians and contract labor.

Stakeholder Engagement & Communication

• Relationship Management: Build rapport and trust with the Board, medical staff, and community business leaders to assess community healthcare needs.
• Medical Staff Partnerships: Develop and maintain effective relationships with physicians to ensure a cohesive, team-based approach to care.
• Community Diplomacy: Work with community leaders in Los Lunas to assess healthcare needs and build a positive image for the new facility.

Requirements

Education and Experience

• BS/BA degree in finance, accounting, business, or a related discipline required.
• CPA designation preferred.
• A graduate-level degree is a plus.
• Critical Access Hospital experience is a plus.

Experience and Skills

• 5-7 years of progressive career experience in Hospital Finance/Accounting.
• Hospital CFO experience required.
• Managerial experience with demonstrated understanding and experience in hospital financial reporting, revenue cycle management, accounting, budgeting, accounts payable, treasury, audit, tax, payroll, information technology, and materials management.
• Knowledge of hospital and healthcare practices, procedures, and laws, regulations, and guidelines pertaining to healthcare finance.
• Knowledge of financial management, accounting systems, treasury practices, risk management, financial controls, productivity measures, reimbursement principles, managed care contracting, information management, and materials management.
• Demonstrated skill in leadership, strategic management, change management, communications, team building, continuous quality improvement, problem-solving, decision-making, innovation, and stewardship of resources.

Benefits

As a full-time employee, we offer a competitive salary, quality work environment, and eligibility to participate in the company benefit programs, including:

• Medical, Dental, and Vision insurance.
• Health and dependent care spending accounts.
• 401(k) savings with match.
• Life insurance.
• Long-term and short-term disability coverage.

About the Organizations

Community Hospital Corporation (CHC): CHC owns, manages, and consults with hospitals through CHC Hospitals, CHC Consulting, and CHC ContinueCARE with the purpose to collaborate with partners and bring innovative solutions to support the vibrancy and accessibility of community healthcare. Based in Plano, Texas, CHC provides the resources and experience community hospitals need to improve quality outcomes, patient satisfaction, and financial performance. Visit chc.com.

Lovelace Health System: Lovelace is comprised of Lovelace Medical Group/New Mexico Heart Institute, Lovelace Women's Hospital, Lovelace Medical Center, Heart Hospital of New Mexico at Lovelace Medical Center, Lovelace Westside Hospital, Lovelace Regional Hospital, and Lovelace UNM Rehabilitation Hospital. To learn more about state-of-the-art treatment options, innovative healthcare providers, and award-winning quality initiatives, visit lovelace.com.

Under the joint venture arrangement, CHC will be the manager with responsibility for day-to-day hospital operations while Lovelace will provide critical support services, including medical group support and access to its electronic health record. As part of Lovelace Health System, the hospital will reflect the Lovelace brand.