CFO IN TRAINING - Kingwood Pines Behavioral Health Hospital
Universal Health Services, Inc.
July 26, 2018
KINGWOOD PINES HOSPITAL
One of the nationâ€™s largest and most respected hospital management companies, Universal Health Services, Inc. (NYSE: UHS) has built an impressive record of achievement and performance. Steadily growing since its inception to an esteemed Fortune 500 corporation, UHS today has annual revenues of $10 billion and 83,000 employees. In 2018, UHS was recognized for the eighth consecutive year as one of the Worldâ€™s Most Admired Companies by Fortune; and in 2017, ranked #276 on the Fortune 500, and listed #275 in Forbes inaugural ranking of Americaâ€™s Top 500 Public Companies.
As the premier leader in Behavioral Health Services, UHS continues to grow its Behavioral Health Division through organic hospital development and acquisitions. Given this unprecedented growth we have developed an exciting program to harness and develop talent for future financial executive positions within our behavioral health hospitals and programs.
Our CFO in Training development program has been designed to identify high potential hospital based financial leaders in the marketplace and internally within the UHS hospital system. Chosen candidates will be placed within a UHS free standing inpatient psychiatric facility and work closely under the tutelage of a Chief Financial Officer. During the training period candidates will focus on key areas of the business, gaining expertise in the accounting and finance functions along with managing and creating a successful team. Focus on facility financial metrics including but not limited to, provider contracting, budget and strategic planning, Accounts Receivable, Business Office oversight, preparation of monthly and yearly financial packages, FTE management/staffing in relationship to patient volume to name a few.
The program prepares fast-track healthcare financial leaders to harness their talent and broaden knowledge of financial leadership within a UHS inpatient Acute Psychiatric Facility. Candidates that successfully complete the training will be placed as Chief Financial Officers within the UHS Behavioral Division.
The knowledge you gain during this process from interactions and real life work examples will help lay the ground work for becoming a Financial Executive within our Behavioral Health Hospitals.
Throughout the years UHS has attracted and developed a large number of talented hospital CFO's. Do you have what it takes to be a UHS Behavioral Health Hospital CFOÂ
Candidate must be open to relocation once training is successfully completed. UHS operates nearly 200+ Behavioral Health Facilities nationwide. Candidates that successfully complete the program will be placed in a Chief Financial Officer role and will need to be open to relocation. Relocation assistance is provided to candidates by UHS once program is completed.
The successful Chief Financial Officer in training will work to develop the following skills and responsibilities: Monitor and control accounts receivables. Closely oversees Business Office functions to ensure cash collection goals are met, and net revenue is properly stated.Â Improve the profitability of the hospital. Continually monitor costs in all areas, especially staffing as it relates to patient volume.Â Develop and monitor policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced hospital operating costs, and increased revenues.Â Prepare monthly financial statements, financial packages, reports/analysisÂ Provide reconciliations, account analysis, and other information for Reimbursement Department, Tax Department, Auditors, etc., to aid in preparation of reports.Â Prepare 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.