Group Chief Finance Officer

Centura Health   •  

Colorado Springs, CO

Industry: Patient Care


5 - 7 years

Posted 367 days ago

The South State Operating Group is comprised of the flagship hospital - Penrose-St. Francis Health Services; St. Thomas More Hospital in Canon City; St. Mary Corwin Hospital in Pueblo; St. Catherine and Bob Wilson Hospitals in western Kansas, and Mercy Regional Medical Center in Durango.   This position will support all the sites mentioned and based out of Penrose-St. Francis in Colorado Springs.

Penrose-St. Francis Health Services is a full-service, 522-bed acute care provider in Colorado Springs comprised of Penrose Hospital and St. Francis Medical Center. Penrose Hospital serves as the anchor hospital of Penrose-St. Francis Health Services with 364-licensed beds and the ability to provide tertiary (high tech) medical-surgical services with an emphasis on elective and outpatient care. Established in 1890, Penrose Hospital has grown to become a major health treatment and referral center, specializing in cancer care, cardiac care, emergency trauma care and physical rehabilitation. In 2008 we opened St. Francis Medical Center to keep pace with the growing needs of the Colorado Springs’ community on the north side of the city. St. Francis Medical Center features 172-beds and offers a modern Birth Center, Level IIIA Neonatal Intensive Care Unit, Pediatric Care Unit, Emergency Department, Level III Trauma Center, Imaging Services, Surgical Services, and Critical Care Unit. It is also serves as Southern Colorado’s home base for the Flight For Life® Colorado air medical helicopter service. It’s an incredible time to join us as we celebrate our sixth consecutive year as one of “America’s 50 Best Hospitals” by Healthgrades and recent Magnet Hospital designation from the American Nurses Credentialing Center (ANCC) for superior quality in nursing care. With 300+ days of annual sunshine, mild winters and easy access places like Pikes Peak, Garden of the Gods and some of Colorado’s top destination resorts, you will enjoy an incredible lifestyle while having the career you’ve always wanted.

Position Summary

The Group CFO is the senior financial executive at the Group level.  The CFO is a part of the senior management team, and provides financial leadership, analysis, and operational support to all levels of management.  The CFO participates in the Centura Finance Council which has responsibility to set overall financial policies and procedures for Centura.  The Group CFO is responsible for those accounting and finance functions delegated to the Group, which includes Colorado Springs – Penrose St. Francis, Canyon City – St. Thomas More, Pueblo – St. Mary Corwin, Kansas – St. Catherine, Bob Wilson, Durango – Mercy Regional Medical Center.


Participate as a member of the Centura Finance Council in the development of Centura policies and procedures related to finance and accounting, and in helping the Council provide financial direction to Centura.

    • Participate in the monthly financial statement preparation process by accumulation of documentation to support monthly journal entries (using Centura established policies and procedures) for the following areas:
    • Contractual allowances using the established format
    • Bad debt allowances using the established format
    • Analysis and transfer of construction-in-progress
    • Non-system generated accruals
    • Accruals for miscellaneous non-patient billings
    • Direct the preparation of the Entity operating and capital budgets and monitor performance against budge
    • Manage capital expenditure process & direct the requiredreporting.  Maintain appropriate internal controls within Entit
    • Manage the admitting/patient registration, Health Information Services, and coding functions within the Entity, and insure that the Entity responsibilities within the billing and collection process are accurate and timely.  Assist department managers in maintaining the Entity Charge Description Master, and insure that all policies and procedures related to pricing and billing are met in conjunction with the Centura Director of Revenue, Compliance and CDM.  Direct the preparation bill/invoices and the collection of all facility-based, non-patient accounts receivable
    • Support Entity management by analyzing operating performance, identifying improvement opportunities, and determining actions to be taken to meet performance targets.

Education and Experience

    • A.B.S. (or equivalent) degree in accounting or finance
    • Masters required
    • CPPA is preferred
    • 5 years of financial management experience in a hospital (or other type of healthcare entity as appropriate  
    • Ability to provide assistance, analysis, recommendations for improvement, budgeting assistance, and othereducational assistance to Entity senior management and department directors
    • Strong ability to organize and prioritize in a fast-paced, rapidly changing environment with success at simultaneously managing a variety of complex projects.
    • Must be able to assume a high degree of independent functioning demonstrating prudent decision making, autonomy and flexibility.
    • Self-motivated individual with ability to consistently identify opportunities to enhance the strategic planning, business development and marketing processes and operations.
    • Advanced communication and interpersonal skills that enable comfortable interaction with senior executives, boards, physicians, community sectors and outside vendors.

Job Description/Job Posting ID: 115384

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