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 analytics and variances, and reports to the CEO and corporate office.

The CFO oversees financial operations and business-office activities, supports compliance with accounting principles and applicable regulations, monitors performance against financial targets, and helps maintain effective revenue-cycle processes. The position works with the hospital CEO and corporate finance and accounting teams on financial reporting, budgets, audits, and operating performance.

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.
• Experience using a computer workstation in previous hospital roles.

Nice To Haves

• CPA preferred.
• Knowledge of inpatient psychiatric and chemical dependency hospital finance preferred.

Responsibilities

• Supervise and oversee business-office staff and activities, including billing, collections, financial counseling, utilization review, and data processing.
• Maintain effective revenue-cycle processes, manage denials, keep patient accounts receivable at an appropriate level, and increase hospital cash flow.
• Ensure company policies and procedures are effective and implemented 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, and timely completion and distribution of monthly financial statements and productivity reports.
• Contribute to and monitor performance goals and objectives, including EBITDAR targets; analyze variances and develop action plans with the CEO to achieve assigned targets.
• Maintain patient accounts receivable at levels appropriate for the market, payer, and acuity mix, as measured by AR days.
• Ensure monthly reconciliation of all balance-sheet accounts and maintain internal controls that facilitate a clean audit opinion.
• Typically supervise Accounting, Patient Financial Services, Purchasing, Payroll, and other departments as required at the hospital.
• Ensure accurate and timely month-end financial closing; prepare financial statements and monthly operating review reports to co-present 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 process.
• Complete daily, weekly, and monthly reporting of operating statistics and financial metrics as scheduled or requested.
• Perform other duties as assigned.

Benefits

• Multiple levels of medical, dental, and vision coverage, with tailored options for part-time and PRN employees.
• Life, accident, critical illness, and hospital indemnity insurance.
• Short- and long-term disability insurance.
• Paid family leave and paid time off.
• Higher education and certification tuition assistance.
• Loan assistance.
• 401(k) retirement package with company match.
• Mental, physical, and financial 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