Chief Financial Officer- Valley Hospital

UHS•Phoenix, AZ

About The Position

Valley Hospital is a private 122-bed psychiatric hospital specializing in mental health care and chemical dependency. It is built on three core principles: outstanding care, compassionate people, and unparalleled service. Its professional team combines clinical techniques with state-of-the-art medical care to support lasting recovery. The Chief Financial Officer leads and oversees the hospital’s financial operations. The role monitors accounts receivable and Business Office functions, supports profitability and revenue improvement, develops financial policies and procedures, prepares monthly financial statements and reports, provides information for required reporting, and prepares the annual budget in coordination with management and department heads. The position also performs other duties as assigned or required. Travel is 2%.

Requirements

At least 5 years of experience in a financial leadership role in a healthcare setting.
Bachelor’s degree required.
Working knowledge of hospital financial operations and federal and local tax regulations.
Knowledge of Business Office, accounting, payroll, and other administrative office operations, including processes from registration through discharge.
Skill in interpreting financial analyses and performance information.
Ability to prepare schedules and reports using source data and compile reports from others’ schedules.
Ability to use electronic spreadsheets and manipulate data in proprietary and acquired databases.

Nice To Haves

Master’s degree preferred.

Responsibilities

Monitor accounts receivable and oversee Business Office functions to support cash collection goals and accurate net revenue reporting.
Facilitate weekly accounts receivable meetings with the CEO and Business Office Manager to communicate results and monitor areas of weakness.
Monitor and improve coordination among the Business Office, Intake, and Utilization Review departments to maximize patient revenue.
Improve hospital profitability by monitoring costs, particularly staffing in relation to patient volume, and monitoring payor mix and length of stay to maximize reimbursement.
Assist with negotiating contract terms with third-party payers.
Prepare pro forma analyses of new programs and contracts and monitor the success or failure of implemented programs, including physician arrangements.
Develop and monitor policies and procedures consistent with generally accepted accounting principles and corporate guidelines to support cash flow, cost reduction, and increased revenue.
Prepare monthly financial statements, financial packages, and other informational reports and analyses, using account and variance analysis, journal entries, and internal controls.
Provide reconciliations, account analyses, and other information to the Reimbursement Department, Tax Department, auditors, and others for report preparation.
Prepare the annual budget in conjunction with UHS standards and, with management and department heads, review past results and anticipated changes to identify future facility needs and trends.
Perform other duties as assigned or required.