Director of Finance

Lifepoint Health • Denton, TX

37d • Onsite

About The Position

The Director of Finance is responsible for the overall financial administration of the hospital, including revenue cycle, general accounting, information systems, and financial reporting in accordance with all hospital and corporate policies and procedures. This role ensures that internal controls are adequate to safeguard facility assets and that accounting systems are sufficient to generate accurate and timely financial reports. Additionally, the Director is responsible for the preparation of the annual hospital budget, ongoing analytics monitoring variances, and reporting to the CEO and corporate office.

Requirements

• Bachelor’s degree in finance or accounting or related field required.
• Previous experience in healthcare overall financial operations/controls required.

Nice To Haves

• CPA preferred.

Responsibilities

• Supervise and oversee the activities of the business office staff (billing, collections, financial counseling, utilization review and data processing) and maintains effective revenue cycle processes to keep patient accounts receivable at an acceptable level and also increasing the hospital’s cash flow (including management of denials).
• Ensures that company policies and procedures are effective and implemented to assure minimal risk to the facility.
• Responsible for compliance along with generally accepted accounting principles as well as any other local, state and federal guidelines required.
• Will ensure accurate capturing and posting of all financial and daily accounting activity and ensures that monthly financial statements and regular productivity reports are completed and distributed on a timely basis.
• Maintain patient accounts receivable at amounts appropriate for market, payer, and acuity mix (measured by AR days).
• Contribute to and monitor performance goals and objectives (EBITDAR target).
• Analyzes variances and with CEO, develops action plans to achieve assigned targets.
• Ensures all balance sheet accounts are reconciled on a monthly basis and systems of internal controls are in place to facilitate a clean audit opinion.
• Ensures that month-end financial closing process is completed accurately and timely; prepares financial statements and monthly operating review reports to co-present with the hospital CEO to corporate management.

Benefits

• Multiple levels of medical, dental and vision coverage for full-time and part-time employees.
• Life, accident, critical illness, hospital indemnity insurance, short- and long-term disability, paid family leave and paid time off.
• Higher education and certification tuition assistance, loan assistance and 401(k) retirement package and company match.
• Mental, physical, and financial wellness programs (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: Director