Assistant Chief Financial Officer- DMC Children’s Hospital of Michigan

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.

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:

• Judgment & Execution: Deliver consistent financial performance, maintain strong controls, and adapt to market dynamics
• Strategic Partnership: Act as a trusted advisor to the CFO, contributing to growth, cost management, and long-term strategy
• Financial Influence: Translate complex financial concepts into actionable insights across all levels of the organization
• Operational Rigor: Set clear financial targets, monitor performance, and drive accountability
• Talent Development: Build and develop high-performing finance teams, ensuring strong succession pipelines

CANDIDATE EXPERIENCE, ATTRIBUTES AND EDUCATION REQUIREMENTS:

Experience:

• 5+ years of progressive financial leadership experience; Healthcare/hospital experience is required
• Strong background in financial operations, planning, reimbursement, and capital management
• Demonstrated success improving financial performance in complex environments
• Experience with managed care contracting and regulatory compliance

Skills & Attributes: 

• Strong business acumen with the ability to translate complex data into clear insights
• Collaborative leadership style with ability to influence across functions
• High integrity, sound judgment, and strong communication skills
• Proven ability to operate effectively in fast-paced, high-pressure environments

Education:

• Bachelor’s degree in Finance or Accounting required (or Business degree with Accounting/Finance focus or a CPA)
• MBA, MHA, and/or CPA strongly preferred

• A competitive compensation program will be tailored to the selected candidate.  Base salary will be supplemented by a performance bonus and comprehensive, well-rounded benefits program, which includes relocation assistance.