Chief Financial Officer (CFO)

Lifepoint Health • Raleigh, NC

3d

About The Position

The Chief Financial Officer (CFO) is responsible for the hospital’s overall financial administration, including revenue cycle, general accounting, information systems, and financial reporting in accordance with hospital and corporate policies and procedures. The CFO ensures adequate internal controls to safeguard facility assets and accounting systems that produce accurate, timely financial reports. The role also prepares the annual hospital budget, monitors financial analytics and variances, and reports to the CEO and corporate office.

The CFO oversees business office operations and revenue cycle processes, including billing, collections, financial counseling, utilization review, and data processing. The role typically supervises Accounting, Patient Financial Services, Purchasing, Payroll, and other departments as required at the hospital. The CFO works with the CEO to monitor performance targets, analyze variances, and develop action plans, and co-presents monthly operating reviews to corporate management.

Triangle Springs Behavioral Health Hospital is a 77-bed facility in Raleigh, North Carolina, and a division of Lifepoint Behavioral Health. It provides inpatient and outpatient evidence-based treatment for mental health and addiction concerns.

Requirements

• Bachelor’s degree in finance, accounting, or a related field.
• Previous experience in healthcare financial operations and controls.
• Experience in payroll.
• Proficiency with Microsoft Office applications.
• Prior use of a computer workstation in a hospital role.

Nice To Haves

• CPA.
• Knowledge of inpatient psychiatric and chemical dependency hospital finance.

Responsibilities

• Supervise business office staff and oversee billing, collections, financial counseling, utilization review, and data processing.
• Maintain effective revenue cycle processes, manage denials, maintain patient accounts receivable at appropriate levels, and support hospital cash flow.
• Ensure company policies and procedures are effective and implemented to minimize facility risk.
• Ensure compliance with generally accepted accounting principles and applicable local, state, and federal guidelines.
• Ensure accurate capture and posting of financial and daily accounting activity, and timely completion and distribution of monthly financial statements and productivity reports.
• Monitor performance goals and objectives, including EBITDAR targets; analyze variances and work with the CEO to develop action plans to achieve targets.
• Ensure monthly reconciliation of balance sheet accounts and maintain internal controls that facilitate a clean audit opinion.
• Oversee Accounting, Patient Financial Services, Purchasing, Payroll, and other departments as required.
• Ensure accurate and timely month-end financial closing; prepare financial statements and monthly operating review reports for co-presentation with the hospital CEO to corporate management.
• Prepare the hospital’s annual operating and capital budgets.
• Assist the corporate finance and accounting team with annual independent audit preparation and process.
• Provide daily, weekly, and monthly reporting of operating statistics and financial metrics as scheduled or requested.
• Perform other duties as assigned.

Benefits

• Multiple levels of medical, dental, and vision coverage.
• Life, accident, critical illness, and hospital indemnity insurance.
• Short- and long-term disability insurance.
• Paid family leave and paid time off.
• Higher education and certification tuition assistance.
• Loan assistance.
• 401(k) retirement package with company match.
• Wellness programs, including free gym memberships, virtual care appointments, mental health services, and discount programs.
• Ongoing learning and career advancement opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive