Taft Brown Associates has partnered with a respected behavioral health organization with a Hospital Chief Financial Officer (CFO) search.
As the CFOyou will be responsible for overall financial administration of the hospital, including revenue cycle, general accounting, information systems and financial reporting in accordance with all hospital and corporate policies and procedures. You will ensure that internal controls are adequate to safeguard facility assets and that accounting systems are sufficient to generate accurate and timely financial reports. You will also be responsible for preparation of the annual hospital budget along with ongoing analytics monitoring any variances and reporting to Hospital CEO and corporate office.
Responsibilities:
- Supervise and oversee the activities of the business office staff (billing, collections, financial counseling, utilization review and data processing) and maintains effective revenue cycle processes to keep patient accounts receivable at an acceptable level and also increasing the hospital's cash flow (including management of denials).
- Ensures that company policies and procedures are effective and implemented to assure minimal risk to the facility.
- Responsible for compliance along with generally accepted accounting principles as well as any other local, state and federal guidelines required.
- Will ensure accurate capturing and posting of all financial and daily accounting activity and ensures that monthly financial statements and regular productivity reports are completed and distributed on a timely basis.
- Contribute to and monitor performance goals and objectives (EBITDAR target).
- Analyzes variances and with CEO, develops action plans to achieve assigned targets.
- Maintain patient accounts receivable at amounts appropriate for market, payer, and acuity mix (measured by AR days).
- Ensures all balance sheet accounts are reconciled on a monthly basis and systems of internal controls are in place to facilitate a clean audit opinion.
- Typically supervises the areas of Accounting, Patient Financial Services, Purchasing, Payroll and other departments as required at the individual hospital.
- Ensures that month end financial closing process is completed accurately and timely; prepares financial statements and monthly operating review reports to co-present with the hospital CEO to corporate management.
- Responsible for preparation of annual operating and capital budgets for the hospital.
- Assists the corporate finance and accounting team in the annual independent audit preparation and process.
- Responsible for daily, weekly and monthly reporting of operating statistics and financial metrics as scheduled and or requested.
- All other duties assigned
Experience:
- Previous experience in healthcare overall financial operations/controls required.
- Experience in payroll required.
- Knowledge of inpatient psychiatric and chemical dependency hospital finance preferred.
- Proficient in use of Microsoft Office applications and has used computer workstation in previous roles in hospital.
Education:
- Bachelor's degree in finance or accounting or related field required.
- CPA preferred.
