Chief Financial Officer (CFO) Ohio Hospital for Psychiatry

Acadia•Franklin Township, OH

5d•$140,000 - $175,000•Onsite

About The Position

Ohio Hospital for Psychiatry (OHP) is a 130-bed, freestanding behavioral health facility in Columbus, Ohio, serving adults and senior adults across a broad region. It 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 functional decision-making to support the facility’s operational and financial goals. The CFO is accountable for overall financial operations and day-to-day fiscal management. The role oversees financial reporting, accounting controls, revenue cycle performance, reimbursement, budgeting, capital planning, and assigned departments.

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 correct outstanding variances promptly.
Prepare required corporate reports, including the Monthly Operating Report, Monthly Certifications, Corporate Disclosures, and forecasts, accurately and on time.
Maintain accounting and business office policies, internal controls, and approval processes to support clean audits and prevent material audit adjustments or deficiencies.
Direct Revenue Cycle operations to support timely accounts receivable collections, minimize uncompensated care, achieve cash collection and AR-days goals, and reduce bad debt and denials.
Review revenue cycle metrics routinely to identify and address performance issues proactively.
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; support accurate facility payments and revenue deductions, and facilitate required cost reports.
Supervise Accounting, Patient Accounting, Health Information Management, Materials Management, and other departments assigned by the CEO; ensure departments 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.