Chief Financial Officer - Saint Louis Behavioral Medicine Institute

UHS•St. Louis, MO

8d•Onsite

About The Position

The Chief Financial Officer (CFO) role at Saint Louis Behavioral Medicine Institute (SLBMI), a provider of behavioral health treatment and specialty programs, is responsible for financial oversight and strategic financial management. SLBMI is part of Universal Health Services, Inc. (UHS), a large healthcare provider known for its impressive record of achievement and performance. The CFO will play a key role in improving the hospital's profitability, developing financial policies, preparing financial statements, and ensuring compliance with UHS standards.

Requirements

Minimum of 5 years of experience in a financial leadership role in a healthcare setting.
Minimum education requirement of a bachelor’s degree.
Must possess a working knowledge of hospital financial operations, federal and local tax regulations.
Knowledge of all business office, accounting, payroll and other administrative office operations including all processes from registration through discharge.
Must be skilled at interpreting financial analysis and performance information; preparing schedules and reports, using source data and compiling reports from others’ schedules; using electronic spreadsheets and ability to manipulate data within proprietary and acquired databases.

Nice To Haves

Master's degree preferred

Responsibilities

Monitors and controls accounts receivables, overseeing Business Office functions to ensure cash collection goals are met and net revenue is properly stated. Facilitates weekly A/R meetings with CEO and Business Office Manager to communicate results and monitor areas of weakness. Monitors and affects as needed relationship between Business Office, Intake and Utilization Review departments to maximize patient revenue.
Improves the profitability of the hospital by continually monitoring costs (especially staffing as it relates to patient volume) and payor mix and length of stay to maximize reimbursement. Assists in negotiation of contract terms with third party payers. Prepares pro-forma analysis of new programs, contracts, etc., to determine estimated outcomes. Monitors and evaluates success/failure of implemented programs, including physician arrangements.
Develops and monitors policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced hospital operating costs, and increased revenues.
Prepares monthly financial statements, financial packages, and other informational reports/analyses. Through account analysis, variance analysis, journal entries, and internal controls, prepares detailed financial statements to accurately reflect the monthly operating results.
Provides reconciliations, account analyses, and other information for Reimbursement Department, Tax Department, Auditors, etc., to aid in preparation of reports.
Prepares annual budget in conjunction with UHS standards. In cooperation with management and department heads, reviews prior financial results and discusses anticipated changes to highlight future needs and trends of the facility. Tailors hospital needs to UHS objectives.
Performs other duties as assigned/required.