Chief Financial Officer (CFO)

Lifepoint Health • Raleigh, NC

4d

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 adequately safeguard facility assets and accounting systems generate 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 operations and effective revenue cycle processes, including billing, collections, financial counseling, utilization review, data processing, and denials management. The position ensures compliance with company policies, generally accepted accounting principles, and applicable local, state, and federal guidelines. It oversees accounting and financial reporting processes, budgets, audits, and operating metrics, and works with the CEO to develop action plans for achieving performance targets.

Triangle Springs Behavioral Health Hospital is a 77-bed facility in Raleigh, North Carolina, and a division of Lifepoint Behavioral Health. It provides inpatient and outpatient behavioral health and addiction treatment services.

Requirements

• Bachelor’s degree in finance, accounting, or a related field.
• Previous experience in healthcare overall financial operations and controls.
• Experience in payroll.
• Proficiency in Microsoft Office applications.
• Previous use of a computer workstation in hospital roles.

Nice To Haves

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

Responsibilities

• Supervise and oversee business office staff and functions, including billing, collections, financial counseling, utilization review, and data processing.
• Maintain effective revenue cycle processes, patient accounts receivable, hospital cash flow, and denials management.
• 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.
• Complete and distribute monthly financial statements and regular productivity reports on time.
• Contribute to and monitor performance goals and objectives, including the EBITDAR target.
• Analyze variances and develop action plans with the CEO to achieve assigned targets.
• Ensure balance sheet accounts are reconciled monthly and internal controls support a clean audit opinion.
• Typically supervise Accounting, Patient Financial Services, Purchasing, Payroll, and other departments as required by the hospital.
• Complete the month-end financial close accurately and on time; prepare financial statements and monthly operating review reports to 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.
• Prepare 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 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