Chief Financial Officer (CFO) TrustPoint Hospital

TrustPoint Hospital•Murfreesboro, TN

12d•Onsite

About The Position

TrustPoint Hospital is a 217-bed hospital 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 facility Chief Financial Officer is an integral member of the senior leadership team and participates in the financial and functional decision-making needed to achieve the hospital’s operational and financial goals. The CFO leads financial operations and revenue-cycle performance, oversees assigned departments, ensures accurate reporting and compliance with company policies, and works with the CEO on budgeting and strategic planning. The role also supports staffing, training, purchasing controls, capital planning, and accurate asset and depreciation records.

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 compliance with company policies and standards, 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, meet cash-collection and AR-day goals, and reduce bad debt and denials.
Review revenue-cycle metrics regularly to identify and address performance issues.
Ensure front-end revenue-cycle processes are in place, including insurance verification for all patients, accurate 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; ensure accurate 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 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 in compliance with company policies.