Job Summary
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. www.tenethealth.com
MARKET SUMMARY:
DMC Children's Hospital of Michigan, Detroit and Troy, Michigan
Since 1886, the Children's Hospital of Michigan has been dedicated to providing the highest quality of care to children and adolescents in a caring, efficient and family-centered environment. A proud member of the Detroit Medical Center (DMC), the Children's Hospital of Michigan is the first children's hospital in the state. This 228-bed facility has an international reputation in pediatric medicine, surgery and research, training more pediatricians than any other facility in Michigan.
The Children's Hospital of Michigan engages in groundbreaking research that has long shaped the science of pediatric medicine. The hospital is ranked as one of America's best pediatric hospitals by U.S.News & World Report and Parent Magazine. The hospital offers outpatient specialty and rehabilitation centers in Canton, Clinton Township, Dearborn, Detroit, Novi, Southfield and Troy.
The Children's Hospital of Michigan is specifically designed to cater to pediatric patients, from our kid-friendly emergency room, to our inpatient facilities with features created just for children. With playrooms, activity centers, computer labs, a library and classrooms, the facility makes a child's temporary transition from home to hospital easy with remarkable attention to detail.
Children's Hospital of Michigan will improve the health and well-being of all children and their communities by advancing the science and practice of pediatric health care and through advocacy efforts.
The pediatric medical and surgical specialties share common values --- to provide the highest quality of care for children, to inform that care through research innovations, and to ensure that children have access to the care they need.
Through an academic affiliation with Wayne State University and Michigan State University, Children's Hospital of Michigan is an innovator in education and research.
From appendectomies to transplants, the Children's Hospital of Michigan is proud to offer the state's widest range of pediatric surgery options with a multidisciplinary team of health care providers delivering an unparalleled level of pediatric surgical care. https://www.childrensdmc.org/
POSITION SUMMARY:
The Assistant Chief Financial Officer is responsible for safeguarding facility assets and ensuring the integrity and accuracy of financial statements in accordance with GAAP. This role oversees compliance with financial policies, the effectiveness of internal controls, and overall financial governance.
As a key member of the facility leadership team, the ACFO partners with the CEO and A-Team to develop and execute strategic and financial plans, while maintaining strong relationships with internal stakeholders and external regulatory bodies.
The Assistant Chief Financial Officer collaborates with the Chief Financial Officer and assumes responsibility for the ongoing effective operation of the department by exerting a leadership role that supports the hospitals, mission, vision, goals and objectives while focusing on the patient, physicians, employees, volunteers and the community as customers. The Assistant Chief Financial Officer has ongoing accountability for the continuous assessment, improvement, coordination and integration into the hospital's and market's financial functions. He/she is accountable for departments' direction and coordination.
Responsibilities
FUNCTIONAL EXPECTATIONS & REQUIREMENTS:
The ACFO leads financial strategy, planning, and performance management for the facility, including risk identification, mitigation, and communication of financial risks and opportunities. This role collaborates closely with corporate functions (e.g., Accounting, Audit, Legal, Treasury, IT) to ensure alignment and operational effectiveness.
Key responsibilities include (supporting the CFO/Group CFO):
Financial Performance & Planning
Analyze daily operating results to ensure that revenues, expenses, and labor are within budgeted objectives; advise department heads and administration of needed changes and improvements
Drive productivity and length of stay (LOS) initiatives to optimize operational efficiency, resource utilization, and financial performance
Develop and manage annual budgets, forecasts, and cash flow plans (including rolling forecasts)
Provide accurate, timely financial reporting and analysis
Controls & Compliance
Maintain strong internal controls, financial systems, and recordkeeping
Ensure compliance with regulatory requirements, GAAP, and company policies
Promote ethical financial practices and audit readiness
Revenue Cycle & Operations
Oversee/manage revenue cycle performance, including denials management, reimbursement, charge capture, and collections
Partner with stakeholders to improve financial and operational outcomes
Capital & Investment Management
Evaluate capital projects and business opportunities, assessing financial impact and ROI
Manage capital deployment in alignment with financial plans
Strategic Leadership
Partner with executive leadership on strategic initiatives, growth opportunities, and financial planning
Analyze new business opportunities, including managed care contracts and program expansion
ORGANIZATIONAL LEADERSHIP - EXPECTATIONS & REQUIREMENTS:
The ACFO is expected to drive financial and operational excellence through:
Qualifications
CANDIDATE EXPERIENCE, ATTRIBUTES AND EDUCATION REQUIREMENTS:
Experience:
Skills & Attributes:
Education:
Compensation
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Employment practices will not be influenced or affected by an applicant's or employee's race, color, religion, sex (including pregnancy), national origin, age, disability, genetic information, sexual orientation, gender identity or expression, veteran status or any other legally protected status. Tenet will make reasonable accommodations for qualified individuals with disabilities unless doing so would result in an undue hardship.
Tenet participates in the E-Verify program. Follow the link below for additional information.
E-Verify: http://www.uscis.gov/e-verify
The employment practices of Tenet Healthcare and its companies comply with all applicable laws and regulations.
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