Chief Financial Officer - DMC Midtown Campus (Detroit)

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Job Description

COMPANY BACKGROUND:

Tenet Healthcare Corporation (NYSE: THC) is a diversified healthcare services company headquartered in Dallas. Our care delivery network includes United Surgical Partners International, the largest ambulatory platform in the country, which operates ambulatory surgery centers and surgical hospitals. We also operate a national portfolio of acute care and specialty hospitals, other outpatient facilities, a network of leading employed physicians and a global business center in Manila, Philippines. Our Conifer Health Solutions subsidiary provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers, and other clients. Across the Tenet enterprise, we are united by our mission to deliver quality, compassionate care in the communities we serve. For more information, visit .

MARKET SUMMARY:

The Detroit Medical Center is one of the largest academic medical centers in the United States, with a long and rich history of medical education, providing training in medical education for more than 100 years. As the nation shifted to more rigorous oversight of physician training, the DMC continued to be a leader in accredited programs in medical education beginning with the Ophthalmology Residency Program’s accreditation in 1951, Pathology in 1953, Internal Medicine in 1956, Neurology in 1958 and Neurological Surgery in 1960. The DMC now trains the majority of practicing physicians in Michigan, including 70 percent of the state’s trauma surgeons and 60 percent of its emergency physicians. The DMC currently sponsors more than 100 residency and fellowship programs, training over 1,000 physicians each year. The Detroit Medical Center Graduate Medical Education Accredited Training Programs include 67 ACGME accredited residencies and fellowships; 4 accredited by the American Osteopathic Association; 5 fellowships accredited by the American Board of Obstetrics and Gynecology; and 6 residency programs accredited by other boards. The DMC maintains academic affiliations with Michigan State University’s College of Osteopathic Medicine and Wayne State University’s School of Medicine. The faculty provides the majority of medical student, resident, and fellow training at DMC hospitals.

HOSPITALS WHOSE FINANCE IS OVERSEEDED BY THE CFO:

DMC Detroit Receiving Hospital , Michigan’s first Level I Trauma Center (158 beds), hosts one of the busiest and most well-equipped emergency departments in southeast Michigan. The oldest and largest verified Level I Burn Center in the state is at Detroit Receiving, and is one of only 43 in the country. Detroit Receiving also recently added a Comprehensive Stroke certification and boasts a national hyperbaric oxygen treatment program, and the nationally recognized Rosa Parks Geriatric Center. Detroit Receiving offers expertise in emergency medicine, complex trauma, critical care, orthopedics, neurosciences, nephrology, pulmonology, diabetes, geriatrics and urology.

DMC Harper-Hutzel Hospital has distinguished itself in surgery and medicine and is known for its clinical expertise, innovative research and advanced education. A specialty referral hospital, Harper-Hutzel has established Centers of Excellence in neurosciences, bariatric surgery, vascular services, multidisciplinary cardiovascular services, hypertension, stroke prevention and heart failure. The hospital has a Level IV Epilepsy Unit and has recently gained Gold level certification from ELSO for its ECMO program. Hutzel Women’s Hospital has a rich history of over 143 years as Michigan’s first and only hospital for women. The hospital offers a Level IV Center for Maternal Levels of Care, the highest designation. Harboring women’s health leadership, the hospital is recognized as a leader in women’s health by physicians and researchers across the country.

POSITION SUMMARY:

The Chief Financial Officer is responsible for safeguarding the facility’s assets, ensuring that financial statements, books and records are prepared and maintained in accordance with GAAP, ensuring compliance with company financial and accounting policies and procedures, and ensuring internal controls are effective. The CFO is also a key member of the Facility A‑Team, participating in strategic business plans, and interactions with regulatory bodies.

Responsibilities

FUNCTIONAL EXPECTATIONS & REQUIREMENTS:

The CFO is responsible for identifying and assessing financial risk, establishing and monitoring mitigation plans, and communicating financial risk and opportunities to the Group CFO and Facility CEO. The CFO monitors financial performance and maintains financial plans and forecasts, collaborating with home office departments such as Compliance, Accounting/Financial Reporting, Information Systems, Internal Audit, Legal, Treasury, and other supportive services.

The CFO oversees the revenue cycle process, working with stakeholders to improve the process through rate setting, charge capture, managed care negotiations, and cash collections.

The CFO evaluates and manages investments in capital projects by applying unbiased scrutiny to determine financial impact and ROI and managing capital spend in accordance with cash flow projections.

• Analyze daily operating results to ensure revenues, expenses, and labor are within budgeted objectives; advise department heads and administration of needed changes.
• Establish and maintain sound financial controls and record keeping; approve expenditures up to the level established by the CEO.
• Keep abreast of government regulatory requirements and reimbursement changes, implementing policies and procedures as needed.
• Ensure financial operations are carried out ethically and responsibly.
• Establish and monitor annual operating budget according to budgeting principles and home office guidelines; interface with HR on workforce plans and salary and benefit proposals.
• Evaluate overall financial position and prepare periodic financial and operating reports; provide consistent and accurate financial, accounting, and reporting processes throughout the facility.
• Prepare financial forecasts and monitor performance versus budget; consolidate results, prepare rolling 90‑day forecasts, and develop cash management controls.
• Coordinate with senior leadership on major strategic and financial plans, including capital expenditure programs.
• Review, evaluate, and ensure the effectiveness of all financial and accounting systems; direct development and implementation of new systems, policies, and procedures as required.
• Assist in developing new business by analyzing feasibility of new programs, including managed care contracts, and advise management of financial prospects.
• Attend promptly to administrative details such as signing documents, preparing reports, completing performance appraisals and other employee‑related actions.

ORGANIZATIONAL LEADERSHIP - EXPECTATIONS & REQUIREMENTS:

Tenet is committed to high‑quality care and strong leadership. Core competencies are defined within five critical areas, including astute judgment, financial insights, organizational success, talent development, and creativity.

• Demonstrate improved financial performance over time in a complex organization.
• Show high financial operational excellence and hold the finance team to ethical standards.
• Effectively gauge external trends and provide strategic foresight.
• Identify gaps and refresh financial outlook and strategy as needed.
• Act as a full partner at all levels, pursuing revenue generation opportunities and operational efficiencies.
• Lead improvements across departments, capital projects, workforce planning, and supply efficiency.
• Serve as a thought partner for the CEO, proposing bold strategies and respectful ideas.
• Communicate financial insights clearly at all organizational levels.
• Engage managers and physicians in improving long‑term results.
• Provide intuitive thinking and prudent risk taking.
• Act as a financial consultant to the facility.
• Establish realistic financial goals and maintain rigorous fiscal year planning.
• Build consensus, analyze performance, and recommend corrective actions.
• Oversee preparation of financial statements and reports, ensuring quality and audit compliance.
• Shape roles to maximize individual capability and performance.
• Provide feedback, coaching, and development plans to boost performance and career potential.
• Assess team bench strength and execute recruitment or promotion plans.
• Uphold personal integrity, present clear directions, and maintain open dialogue with employees.
• Present professionally in oral and written communication.

Qualifications

CANDIDATE EXPERIENCE, ATTRIBUTES, AND EDUCATION REQUIREMENTS:

• At least ten years of progressive financial healthcare or equivalent experience in general accounting, operations, financial systems, financial statement preparation, review and analysis, multi‑discipline management, and ethics.
• Strong organization skills and ability to prioritize workload and manage all financial activities; resilient under pressure.
• Ability to articulate complex finance, operational, and compliance issues clearly to all levels of the organization.
• A referenceable track record in facility finance, defining issues and making decisions that improved financial performance.
• Experience in negotiating managed care contracts.
• Substantial financial managem]]>