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Highland Hospital · 22 hours ago

Facility CFO- Behavioral Health

Charleston, WV

Full-time

Onsite

Senior Level

5+ years exp

Highland Hospital is seeking a Facility CFO for their Behavioral Health division located in Charleston, West Virginia. The CFO will play a crucial role in the senior leadership team, overseeing financial operations, ensuring compliance, and driving the facility's financial goals.

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Responsibilities

Ensures that monthly financial statements are completed timely and accurately

Ensures that all balance sheet accounts are reconciled on a monthly basis and in compliance with company policies and standards and that any outstanding variances are identified and corrected timely

Prepares corporate required reports (including the Monthly Operating Report, Monthly Certifications, Corporate Disclosures, Forecasts) timely and accurately

Ensures all accounting and business office policies and required internal controls are in place to facilitate a clean audit with no material audit adjustments or deficiencies found. Ensures that all approval processes are in place

Directs the operations of the Revenue Cycle to ensure that accounts receivable are collected timely and uncompensated care is kept to a minimum. Strives to achieve goals for cash collections and AR days and to reduce bad debt and denials. Routinely reviews revenue cycle metrics to proactively identify and address issues affecting overall performance

Ensures Front End Revenue Cycle processes are in place including ensuring the insurance verification is completed on 100% of patients, working with the Financial Counselor to ensure proper determination of patient portions and approval of any discounts or charity and proper logging of upfront collections

Maintains a thorough working knowledge of federal, state and managed care reimbursement methodologies to ensure that facility is paid accurately, and revenue deductions are recorded accurately. Facilitates preparation of any required cost reports

Supervises Accounting, Patient Accounting, Health Information Management, Materials Management and other departments as assigned by the CEO

Leads a team of highly engaged members thru hiring, orienting, performance assessment and management, motivating, training, scheduling, and coaching to meet department goals and ensure effective and efficient department operation

Ensures compliance with Group Purchasing contract and monitors purchases to ensure supply costs are kept to budgeted levels

Prepares annual operating budget and participates in the annual strategic planning process which serves as a basis for the budget. Provides ongoing analysis of variances from budget and assists the CEO in implementing changes needed to achieve budget goals

Prepares annual capital budgets and Capital Equipment Requests. Ensures assets and related depreciation is recorded accurately and in compliance with company policies

Provides financial leadership and guidance to facility managers. Trains managers on financial matters and provides routine feedback regarding department performance

Provides financial expertise in planning new services including preparation of pro-formas

Works as a partner with the CEO and ensures that there is an open line of communication and positive Interaction and facility is staffed appropriately and that productivity goals are met

Participates with managed care contracting and other business development activities to ensure net revenue maximization

Approves or denies all computer access privileges (SAF’s) and ensuring that access is terminated for employees that have been terminated

Qualification

Healthcare experienceFinancial managementBehavioral healthcare experienceTechnical accounting skillsCPA certificationExcel proficiencyWord proficiencySupervisory experience