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Facility CFO- Behavioral Health

Summit BHC•Santa Teresa, NM
•Onsite

About The Position

The Facility CFO is an integral member of the senior leadership team, participating in financial and operational decision-making to support the facility’s goals. The CFO is accountable for overall financial operations and day-to-day fiscal management of the facility. The role oversees financial reporting, accounting controls, revenue cycle performance, reimbursement, budgets, capital planning, and financial guidance for facility managers. It also supervises assigned departments and leads staff through hiring, training, performance management, scheduling, and coaching. The CFO partners with the CEO on operations, staffing, productivity, business development, and strategic planning.

Requirements

  • Bachelor’s degree in accounting or a business-related field.
  • At least five years of financial management experience in a healthcare setting, such as CFO, ACFO, Director of Finance, or Controller.
  • At least five years of supervisory or management experience in a healthcare setting.
  • Proven financial analysis skills and strong technical accounting and finance skills.
  • Experience working with information technology and proficiency with software packages including Excel and Word.

Nice To Haves

  • Master’s degree.
  • Previous behavioral healthcare experience.
  • Previous experience with a proprietary healthcare system.
  • CPA certification.

Responsibilities

  • Ensure monthly financial statements are completed accurately and on time.
  • Ensure balance sheet accounts are reconciled monthly in accordance with company policies, and identify and correct outstanding variances.
  • Prepare required corporate reports, including the Monthly Operating Report, Monthly Certifications, Corporate Disclosures, and forecasts.
  • Maintain accounting and business office policies, internal controls, and approval processes to support clean audits.
  • Direct revenue cycle operations to promote timely accounts receivable collection, minimize uncompensated care, meet cash collection and AR-day goals, and reduce bad debt and denials.
  • Review revenue cycle metrics and address issues affecting performance.
  • Ensure front-end revenue cycle processes are in place, including insurance verification for all patients, determining patient portions, approving and logging discounts or charity, and recording upfront collections.
  • Maintain knowledge of federal, state, and managed-care reimbursement methodologies; support accurate payment and revenue deductions and facilitate required cost reports.
  • Supervise Accounting, Patient Accounting, Health Information Management, Materials Management, and other departments as assigned by the CEO.
  • Lead staff through hiring, orientation, performance assessment and management, motivation, training, scheduling, and coaching.
  • Ensure compliance with Group Purchasing contracts and monitor purchases to keep supply costs within budget.
  • Prepare the annual operating budget and participate in strategic planning; analyze budget variances and assist the CEO with corrective actions.
  • Prepare annual capital budgets and Capital Equipment Requests, and ensure assets and depreciation are recorded accurately and in accordance with company policies.
  • Provide financial leadership and guidance to facility managers, including training and routine feedback on department performance.
  • Provide financial expertise for planning new services, including preparation of pro formas.
  • Partner with the CEO, maintain open communication, support appropriate staffing, and meet productivity goals.
  • Participate in managed-care contracting and other business development activities to maximize net revenue.
  • Approve or deny computer access privileges (SAFs) and ensure access is terminated for separated employees.
  • Identify and prioritize important issues and collaborate with department and corporate executive leaders.
  • Communicate instructions, expectations, and timelines clearly and concisely.
  • Manage staff scheduling to maintain productivity and limit unnecessary overtime or excessive work hours.
  • Maintain accountability for job performance for self and staff.
  • Engage staff in quality and safety fundamentals to ensure sustained, measurable compliance.
  • Identify staff education needs and ensure staff attend appropriate education programs.
  • Hold staff accountable for non-compliance, safety concerns, attendance, policy adherence, behavior, and compliance with the code of conduct.

Benefits

  • Comprehensive benefit plan.
  • Competitive salary commensurate with experience and qualifications.

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