Taft Brown Associates has partnered with a respected behavioral health organization with a Hospital Chief Financial Officer (CFO) search. This is a great opportunity with a great company
Responsibilities:
- Administer the general accounting, patient business services, including third party reimbursement, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures.
- Provide formal or informal direction in data processing, distributed systems, material management and medical records functions.
- Train subordinates on the above areas and monitor performance to ensure fiscal responsibilities are fulfilled.
- Assist the Hospital Chief Executive Officer (CEO) in the development of long and short-range hospital operations plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions.
- Develop long and short-range operational and capital budgets, which are supported by the hospitals long and short-range plans and objectives.
- Prepare cash flow analyses and budget variance analyses and make recommendations on budget modifications as required.
- Assist managers in the development of departmental budgets and the budget process.
- Monitor, interpret, and analyze hospital financial performance in realizing established plans and objectives of the hospital.
- Identify and report undesirable trends and potential business opportunities and make recommendations for action.
- Direct the preparation of internal financial reports including work papers for annual financial audit.
- Assure the timely and accurate preparation of financial reports and assure the reports reliably reflect the financial position of the hospital.
- Assume a lead role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.
- Responsible for direction and submission on a timely basis all financial data associated reports required by government and other regulatory agencies including payroll tax reports, public disclosure reports and third-party payor cost reports.
Education:
- Bachelor's Degree in Accounting or Finance;
- Master's Degree Preferred.
- Certified Public Accountant (CPA) Preferred
Experience:
- Minimum 15 years' experience with 3 years of experience working at the CFO level in an acute-care hospital is required.
- Behavioral Healthcare experience highly desired.
- Knowledge of Generally Accepted Accounting Principles (GAAP), Securities and Exchange Commission (SEC) regulations, and state regulatory environments as needed.
