Chief Financial Officer (CFO) Ohio Hospital for Psychiatry
About The Position
Ohio Hospital for Psychiatry (OHP) is a 130-bed, freestanding behavioral health facility in Columbus, Ohio, serving adults and senior adults. The facility provides a continuum of behavioral healthcare services, including crisis stabilization, medication management, group therapy, case management, and 24-hour nursing care. The facility Chief Financial Officer is an integral member of the senior leadership team and participates in financial and operational decision-making to support the facility’s goals. The CFO is accountable for overall financial operations and day-to-day fiscal management. The role also supervises Accounting, Patient Accounting, Health Information Management, Materials Management, and other departments assigned by the CEO.
Requirements
- Bachelor’s degree in Accounting or a business-related field with a major in Accounting.
- Proven financial analysis skills.
- Experience working with information technology and proficiency with software packages including Excel and Word.
- Demonstrated leadership ability.
- Excellent written and verbal communication skills.
- Ability to think strategically and solve problems.
- Ability to establish and maintain effective working relationships with facility staff, physicians, and corporate staff.
- Ability to lead with a high degree of emotional intelligence and ethics.
Nice To Haves
- At least 3 years of successful CFO experience in a healthcare setting is desired.
- Previous behavioral healthcare experience is highly preferred.
- Previous experience with a proprietary healthcare system is highly preferred.
- CPA or Master’s degree is a plus.
Responsibilities
- Ensure monthly financial statements are completed accurately and on time.
- Ensure balance sheet accounts are reconciled monthly in accordance with company policies and standards, and identify and resolve outstanding variances promptly.
- Prepare required corporate reports, including the Monthly Operating Report, Monthly Certifications, Corporate Disclosures, and forecasts.
- Maintain accounting and business office policies, internal controls, and approval processes to support clean audits and avoid material audit adjustments or deficiencies.
- Direct Revenue Cycle operations to support timely accounts receivable collection, minimize uncompensated care, meet cash collection and AR-days goals, and reduce bad debt and denials.
- Review revenue cycle metrics routinely to identify and address performance issues.
- Ensure Front End Revenue Cycle processes are in place, including insurance verification for all patients, appropriate determination of patient portions, approval and logging of discounts or charity, and upfront collections.
- Maintain working knowledge of federal, state, and managed care reimbursement methodologies to support accurate payments and revenue deductions; facilitate required cost reports.
- Supervise assigned departments and ensure they are adequately staffed and trained.
- Ensure compliance with Group Purchasing contracts and monitor purchases to keep supply costs within budget.
- Prepare the annual operating budget and participate in strategic planning; analyze budget variances and assist the CEO with changes needed to meet budget goals.
- Prepare annual capital budgets and Capital Equipment Requests, and ensure assets and depreciation are recorded accurately in accordance with company policies.
Benefits
- Competitive compensation with an annual performance-based bonus opportunity.
- Medical, dental, and vision insurance.
- 401(k) with company match.
- Stock-based awards.
- Paid time off for vacation, sick days, and holidays.
- Professional development and leadership training.
- Career mobility within Acadia’s network of 250+ facilities.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
