Chief Financial Officer Job at Copper Springs East (Georgetown)

Job Description

The CFO is responsible for 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. Ensures that internal controls are adequate to safeguard facility assets and that accounting systems are sufficient to generate accurate and timely financial reports. Also responsible for preparation of the annual hospital budget along with ongoing analytics monitoring any variances and reporting to CEO and corporate office.

Job Responsibility

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
Contribute to and monitor performance goals and objectives (EBITDAR target). Analyzes variances and with CEO, develops action plans to achieve assigned targets
Maintain patient accounts receivable at amounts appropriate for market, payer, and acuity mix (measured by AR days)
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
All other duties assigned

Requirements

Bachelor's degree in finance or accounting or related field required
CPA preferred
Previous experience in healthcare overall financial operations/controls required
Experience in payroll required
Knowledge of inpatient psychiatric and chemical dependency hospital finance preferred
Proficient in use of Microsoft Office applications and has used computer workstation in previous roles in hospital
Strong leadership, communication, and problem-solving skills are essential
Proficiency in healthcare management software and Microsoft Office is also required

What we offer

Multiple levels of medical, dental and vision coverage tailored benefit options for parttime and PRN 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

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Chief Financial Officer

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