Chief Financial Officer (CFO) TrustPoint Hospital

Acadia•Murfreesboro, TN

11d•Onsite

About The Position

TrustPoint Hospital is seeking a facility Chief Financial Officer (CFO) to join its senior leadership team. The CFO participates in the financial and functional decision-making needed to achieve the hospital’s operational and financial goals. TrustPoint Hospital is a 217-bed facility in Murfreesboro, Tennessee, providing inpatient and outpatient medical and psychiatric services, including acute physical medicine and rehabilitation, adult and geriatric psychiatry, and medical psychiatry. The CFO oversees financial reporting, accounting controls, revenue cycle performance, budgeting, and capital planning. The position supervises Accounting, Patient Accounting, Health Information Management, Materials Management, and other departments assigned by the CEO. The CFO also supports compliance with reimbursement and purchasing requirements and helps ensure departments are appropriately staffed and trained.

Requirements

Bachelor’s degree in Accounting or a business-related field with a major in Accounting.
Minimum of 3 years of successful CFO experience in a healthcare setting desired.
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

Previous behavioral healthcare experience highly preferred.
Previous experience with a proprietary healthcare system 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 resolve 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 without material 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.
Help ensure Front End Revenue Cycle processes are in place, including insurance verification for all patients, determination of patient portions, approval and logging of discounts or charity, and recording upfront collections.
Maintain working knowledge of federal, state, and managed care reimbursement methodologies; support accurate payment and recording of revenue deductions; 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 annual 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 and in accordance with company policies.