Overview One of the nation’s largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. (UHS) has built an impressive record of achievement and performance. Growing steadily since its inception into an esteemed Fortune 500 corporation, annual revenues were $14.3 billion in 2023. During the year, UHS was again recognized as one of the World’s Most Admired Companies by Fortune; and listed in Forbes ranking of America’s Largest Public Companies. Headquartered in King of Prussia, PA, UHS has approximately 96,700 employees and continues to grow through its subsidiaries. Operating acute care hospitals, behavioral health facilities, outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located all over the U.S. States, Washington, D.C., Puerto Rico and the United Kingdom. www.uhs.com
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Responsibilities Monitors and controls accounts receivables. Oversees Business Office functions to ensure cash collection goals are met and net revenue is properly stated. Facilitates weekly A/R meetings with the CEO and Business Office Manager to communicate results and monitor weaknesses. Monitors and affects as needed the relationship between Business Office, Intake and Utilization Review departments to maximize patient revenue.
Improves the profitability of the hospital. Continuously monitors costs in all areas, especially staffing as it relates to patient volume. Monitors payor mix and length of stay to maximize reimbursement. Assists in negotiation of contract terms with third party payers. Prepares pro-forma analyses of new programs, contracts, etc., to determine estimated outcomes. Monitors and evaluates success/failure of implemented programs including physician arrangements.
Develops policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced hospital operating costs, and increased revenues.
Prepares monthly financial statements, financial packages, and other informational reports/analyses. Through account analysis, variance analysis, journal entries, and internal controls, prepares detailed financial statements to reflect the monthly operating results.
Provides required reporting. Produces reconciliations, account analyses, and other information for Reimbursement Department, Tax Department, Auditors, etc., to aid in preparation of reports.
Prepares 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. Tailors hospital needs to UHS objectives.
Performs other duties as assigned/required.
Qualifications Minimum of 5 years of experience in a financial leadership role in a healthcare setting. Healthcare/Hospital Controller or CFO/Chief Financial Officer highly preferred.
Minimum education requirement of a Bachelor’s degree. Master’s degree preferred.
Working knowledge of hospital financial operations, federal and local tax regulations; knowledge of all business office, accounting, payroll and other administrative office operations including processes from registration through discharge.
Skilled at interpreting financial analysis and performance information; preparing schedules and reports, using source data and compiling reports from others’ schedules; using electronic spreadsheets and ability to manipulate data within proprietary and acquired databases.
Limited travel required.
Benefits Challenging and rewarding work environment
Growth and development opportunities within UHS and its subsidiaries
Competitive compensation
Excellent medical, dental, vision and prescription drug plan
401k plan with company match
Generous paid time off
Relocation benefits
Bonus opportunity
UHS stock opportunity
UHS is a registered trademark of UHS of Delaware, Inc., the management company for Universal Health Services, Inc. and a wholly-owned subsidiary of Universal Health Services, Inc. All healthcare and management operations are conducted by subsidiaries of Universal Health Services, Inc. To the extent any reference to "UHS or UHS facilities" on this website including any statements, articles or other publications relates to our healthcare or management operations it is referring to Universal Health Services' subsidiaries including UHS of Delaware. Any employment referenced in this website is not with Universal Health Services, Inc. but solely with one of its subsidiaries. UHS is not accepting unsolicited assistance from search firms for this employment opportunity. Please, no phone calls or emails. All resumes submitted by search firms to any employee at UHS via-email, the Internet or in any form and/or method without a valid written search agreement in place for this position will be deemed the sole property of UHS. No fee will be paid in the event the candidate is hired by UHS as a result of the referral or through other means.
EEO Statement: All UHS subsidiaries are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates. UHS subsidiaries are equal opportunity employers and support the recruitment, selection, placement, promotion and compensation of individuals without regard to race, color, religion, age, sex (including pregnancy, gender identity, and sexual orientation), genetic information, national origin, disability status, protected veteran status or any other characteristic protected by federal, state or local laws. We believe that diversity and inclusion among our teammates is critical to our success.
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