Taft Brown Assciates has partnered with a behavioral health organization for Chief Financial Officer (CFO) search. Seeking an experienced and results-driven CFO to oversee the financial operations of an acute psychiatric hospital serving adult and adolescent patients. This executive leadership role is responsible for driving financial performance, strengthening revenue cycle operations, optimizing accounts receivable, and ensuring the financial sustainability of the organization.
The ideal candidate will bring a strong background in hospital finance, with particular expertise in accounts receivable management, reimbursement, collections, and revenue cycle performance. Equally important is the ability to establish and maintain productive relationships with county partners, Medi-Cal representatives, and other external stakeholders. The hospital serves a significant publicly funded patient population, with approximately 60% of its volume derived from county-funded programs and Medi-Cal.
The successful candidate will combine financial acumen, operational discipline, and strong interpersonal skills to support organizational objectives while navigating the complexities of behavioral health reimbursement and county partnerships.
KEY RESPONSIBILITIES:
- Provide strategic financial leadership and oversight of all hospital financial operations.
- Direct accounts receivable management, including aging, collections, reimbursement, and resolution of outstanding balances.
- Oversee revenue cycle performance and identify opportunities to improve cash flow, reduce receivables, and strengthen financial outcomes.
- Monitor financial performance, develop budgets and forecasts, and provide meaningful financial analysis to executive leadership.
- Establish and maintain effective working relationships with county representatives, Medi-Cal stakeholders, and other external partners.
- Collaborate with hospital leadership to align financial objectives with operational priorities and patient care needs.
- Monitor payer reimbursement trends, contractual arrangements, and collection practices to support timely and accurate reimbursement.
- Ensure appropriate financial controls, reporting practices, and compliance with applicable regulatory and reimbursement requirements.
- Identify financial risks and implement strategies to improve operational efficiency and long-term financial stability.
- Communicate financial results, challenges, and improvement opportunities clearly to executive leadership and relevant stakeholders.
QUALIFICATIONS AND EXPERIENCE:
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field required; advanced degree preferred.
- Significant experience in hospital finance or healthcare financial leadership.
- Demonstrated expertise in accounts receivable management, collections, and revenue cycle operations.
- Experience with Medi-Cal reimbursement, government-funded healthcare programs, and county-based payer relationships strongly preferred.
- Behavioral health or acute psychiatric hospital experience highly desirable.
- Proven ability to analyze financial performance, improve collection outcomes, and drive measurable results.
- Strong communication, negotiation, and relationship-building skills.
- Ability to collaborate effectively with county partners and navigate complex external stakeholder relationships.
- Demonstrated leadership, sound judgment, accountability, and a hands-on approach to financial problem-solving.
IDEAL CANDIDATE PROFILE:
The ideal candidate is a financially strong, solutions-oriented leader who understands the complexities of hospital reimbursement and can take ownership of accounts receivable performance. This individual will be comfortable addressing challenging collection issues, identifying revenue cycle improvement opportunities, and working directly with county partners to resolve financial and operational concerns.
Success in this role requires more than technical financial expertise. The CFO must also possess the interpersonal effectiveness, professionalism, and collaborative approach necessary to develop productive county relationships while maintaining a strong focus on financial performance.
WHY THIS OPPORTUNITY?
This is an opportunity to make a meaningful impact within an acute behavioral health organization serving adults and adolescents. The CFO will play a critical role in strengthening financial operations, improving revenue cycle outcomes, and supporting the continued delivery of essential behavioral healthcare services.
