Chief Financial Officer (CFO)

Lifepoint Health • McKinney, TX

20d • Onsite

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 internal controls safeguard facility assets and accounting systems produce accurate, timely financial reports. The role also prepares the annual hospital budget, monitors financial performance and variances, and reports to the CEO and corporate office.

The CFO oversees business office activities and revenue cycle processes, supports compliance with accounting principles and applicable regulations, manages financial reporting and audits, and works with the CEO to meet performance targets. The position typically supervises Accounting, Patient Financial Services, Purchasing, Payroll, and other departments as required by the hospital.

Collin Springs is a 72-bed behavioral health hospital in McKinney, Texas, and a Carrollton Springs facility. It provides inpatient and outpatient mental health and addiction treatment programs for adolescents and adults.

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.
• Previous 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 appropriate patient accounts receivable levels, and increase hospital cash flow.
• Ensure company policies and procedures are implemented effectively 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.
• Complete and distribute monthly financial statements and regular productivity reports on time.
• Contribute to and monitor performance goals and objectives, including EBITDAR targets.
• Analyze variances and develop action plans with the CEO to achieve assigned targets.
• Ensure monthly reconciliation of balance sheet accounts and maintain internal controls that support a clean audit opinion.
• Oversee Accounting, Patient Financial Services, Purchasing, Payroll, and other departments as required by the hospital.
• Ensure the month-end financial close is completed accurately and on time.
• 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 processes.
• Provide daily, weekly, and monthly operating statistics and financial metrics as scheduled or requested.
• Perform other duties as assigned.

Benefits

• Medical, dental, and vision coverage, with tailored benefit options for part-time and PRN employees.
• Life, accident, critical illness, and hospital indemnity insurance.
• Short- and long-term disability coverage.
• 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