Chief Financial Officer (CFO) - Project Based

Overview

Project-based Chief Financial Officer (CFO) role focused on financial leadership for behavioral healthcare facilities.

This position requires travel 100% of the time. Between projects, the role can be home-based/remote.

Responsibilities

• Ensure monthly financial statements are completed timely and accurately.
• Reconcile all balance sheet accounts on a monthly basis in compliance with company policies and standards; identify and correct outstanding variances timely.
• Prepare corporate required reports, including the Monthly Operating Report, Monthly Certifications, Corporate Disclosures, and Forecasts, timely and accurately.
• Ensure accounting and business office policies and required internal controls are in place to facilitate a clean audit with no material audit adjustments or deficiencies; ensure approval processes are in place.
• Lead Revenue Cycle operations to support timely accounts receivable collections and minimize uncompensated care.
  • Work toward goals for cash collections and AR days.
  • Reduce bad debt and denials.
  • Routinely review revenue cycle metrics to proactively identify and address issues impacting performance.
• Ensure Front End Revenue Cycle processes are in place, including:
  • Insurance verification completed on 100% of patients.
  • Partner with the Financial Counselor to determine patient portions.
  • Ensure proper approval of discounts/charity and proper logging of upfront collections.
• Maintain knowledge of federal, state, and managed care reimbursement methodologies to ensure accurate facility payment and correct recording of revenue deductions.
  • Facilitate preparation of any required cost reports.
• Supervise assigned departments, which may include 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 contract and monitor purchases to keep supply costs within budgeted levels.
• Prepare the annual operating budget and participate in the annual strategic planning process that serves as the basis for the budget.
  • Provide ongoing variance analysis and assist the CEO in implementing changes needed to achieve budget goals.
• 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.
  • Provide routine feedback on department performance.

Requirements

• Bachelor’s degree in Accounting or a business-related field with a major in Accounting.
• Minimum 3 years of successful CFO experience in a behavioral healthcare setting (desired).
• Previous behavioral healthcare experience (highly preferred).
• Previous experience with a proprietary healthcare system (highly preferred).
• CPA or Master’s degree (a plus).
• Proven financial analysis skills.
• Experience working with information technology and proficiency with software packages including Excel and Word.
• Demonstrated leadership ability.
• Excellent communication skills, both written and verbal.
• 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.

Compensation & Benefits

• Competitive compensation
• Comprehensive benefits including medical, dental, and vision insurance
• 401(k) with company match
• Generous paid time off for vacation, sick days, and holidays
• Professional development & leadership training
• Career mobility within a nationwide network of 250+ facilities

Location

Remote/home-based between projects; travel 100% of the time.