Chief Financial Officer (CFO)

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Job description

Overview:
Westpark Springs, part of Lifepoint Behavioral Health, nationally known healthcare organization with diversified delivery network with facilities from coast to coast, seeks passionate, patient-centric, and goal-oriented team members to join our team. We specialize in compassionate behavioral health services, including crisis stabilization, inpatient care, and outpatient treatment for acute mental health and substance use treatment. Our philosophy is built on a psychosocial model of care to decrease suicide rates, decrease addiction-related deaths, reverse the decline in life expectancy, and improve productivity in the communities we serve. We offer a collaborative work environment, competitive compensation, and flexible scheduling so you can focus on what really matters-providing quality patient care. Join our team in Richmond, Texas, to build a career that touches lives.

Benefits

Affordable medical, dental and vision plans provided to meet the needs of full employees and their families

Up to 16 days of PTO for full time employees

6 paid holidays for full time employees

Tuition reimbursement

401(k) retirement plan

Flexible spending and health savings accounts

UKG Wallet - We've partnered with UKG Wallet, a voluntary Earned Wage Access benefit, to offer employees access to their pay on their own schedule

Position Details:
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.

Typically supervises the areas of Accounting, Patient Financial Services, Purchasing, Payroll and other departments as required at the individual hospital.

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.

Responsible for preparation of annual operating and capital budgets for the hospital.

Assists the corporate finance and accounting team in the annual independent audit preparation and process.

Responsible for daily, weekly and monthly reporting of operating statistics and financial metrics as scheduled and or requested.

Qualifications:
Requirements:Bachelor's degree in finance or accounting or related field required. CPA preferred.

Experience:Previous experience in healthcare overall financial operations/controls required.

Experience in payroll also required.

Knowledge of inpatient psychiatric and chemical dependency hospital finance preferred.

Proficient in use of Microsoft Office professional applications and previous use of computer workstation.

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