Chief Financial Officer (CFO) in Training

Georgetown Behavioral Health Institute•Georgetown, TX

About The Position

Georgetown Behavioral Healthcare Hospital, an acute psychiatric facility in Georgetown, Texas, is seeking a Chief Financial Officer in Training. The role involves learning to manage and direct the hospital’s financial operations, including financial planning and reporting, treasury management, accounting, and revenue cycle operations. The CFO in Training partners with the CEO and works with care professionals and physicians to support patient satisfaction and improve operational efficiency across departments. The position oversees financial reporting, reconciliations, corporate reports, revenue cycle performance, capital budgeting, and asset accounting. It also supervises Accounting, Patient Accounting/Business Office, Health Information Management, and other departments assigned by the CEO, while providing financial guidance and training to facility managers. The role requires maintaining knowledge of healthcare industry trends and ensuring facility preparedness and compliance.

Requirements

Bachelor of Science degree in accounting, finance, or business administration.
Previous experience in financial management or significant public accounting experience specifically related to the healthcare industry.
Experience working with information technology and proficiency with software packages including Excel and Word.
Demonstrated leadership ability, analytical skills, and communication skills.
Must possess or obtain a valid CPR certification and certification in facility-approved verbal de-escalation and physical crisis management techniques within 30 days of hire and before completing orientation.

Nice To Haves

Certified Public Accountant (CPA) or a master’s degree in accounting, finance, or business administration.
Previous behavioral healthcare experience.

Responsibilities

Learn the processes and expectations for managing and directing hospital financial operations, including financial planning and reporting and treasury management.
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 correct outstanding variances promptly.
Prepare required corporate reports, including the Monthly Operating Report and forecasts, accurately and on time.
Direct Revenue Cycle operations to promote timely accounts receivable collection and minimize uncompensated care.
Work toward cash collection and AR-days goals and reduce bad debt and denials.
Review revenue cycle metrics routinely to identify and address issues affecting performance.
Ensure front-end revenue cycle processes are in place, including insurance verification for all patients, appropriate determination of patient portions, approval and logging of discounts or charity, and logging of upfront collections.
Supervise Accounting, Patient Accounting/Business Office, Health Information Management, and other departments assigned by the CEO.
Prepare annual capital budgets and Capital Equipment Requests.
Ensure assets and related depreciation are recorded accurately and in compliance with company policies.
Provide financial leadership and guidance to facility managers, train managers on financial matters, and provide routine feedback on department performance.
Maintain current knowledge of healthcare industry trends and changes and ensure the facility is prepared and compliant.
Build working relationships with care professionals and physicians to support patient satisfaction.
Partner with the CEO to optimize operational efficiency across multiple departments.