Chief Financial Officer (CFO) Brandywine Treatment Center

Bowling Green Inn of Brandywine•East Marlborough Township, PA

5d•Onsite

About The Position

Bowling Green Brandywine, a 200-bed alcohol and drug rehabilitation treatment center in Kennett Square, Pennsylvania, is hiring a facility Chief Financial Officer. The CFO is an integral member of the senior leadership team and participates in financial and functional decision-making to support the facility’s operational and financial goals. This role is responsible and accountable for the facility’s overall financial operations and day-to-day fiscal management. The CFO oversees financial reporting, accounting controls, revenue cycle performance, budgeting, capital planning, and assigned departments. The role works with the CEO and facility staff to monitor financial results, maintain compliance with company policies and reimbursement requirements, and support effective operations.

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 compliance with company policies and standards, and identify and correct outstanding variances promptly.
Prepare required corporate reports, including the Monthly Operating Report, Monthly Certifications, Corporate Disclosures, and forecasts, accurately and on time.
Ensure accounting and business office policies, internal controls, and approval processes are in place to support a clean audit without material 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 regularly to identify and address issues affecting performance.
Help ensure front-end revenue cycle processes are in place, including insurance verification for all patients, determining patient portions with the Financial Counselor, approving discounts or charity, and properly logging upfront collections.
Maintain working knowledge of federal, state, and managed care reimbursement methodologies to support accurate payment and revenue deductions, and facilitate required cost reports.
Supervise Accounting, Patient Accounting, Health Information Management, Materials Management, and other departments assigned by the CEO, which may include Human Resources; ensure departments are adequately staffed and trained.
Ensure compliance with Group Purchasing contracts and monitor purchases against supply cost budgets.
Prepare the annual operating budget and participate in annual strategic planning; analyze budget variances and assist the CEO in implementing changes to meet budget goals.
Prepare annual capital budgets and Capital Equipment Requests, and ensure assets and depreciation are recorded accurately and in accordance with company policies.