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Crestwyn Behavioral Health · 8 hours ago

Chief Financial Officer (CFO) Crestwyn Behavioral Health

Memphis, TN

Full-time

Onsite

Lead/Staff, Director/Executive

3+ years exp

Crestwyn Behavioral Health is a state-of-the-art facility providing care for adults and seniors with mental health and substance use disorders. They are seeking a Chief Financial Officer (CFO) to oversee financial operations and ensure the facility meets its operational and financial goals.

Health CareMedicalMental HealthWellness

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 is 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

Is actively involved in ensuring 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 assigned by the CEO. These departments may include, but are not limited to, Health Information Management, Materials Management, and Human Resources. Ensures department is adequately staffed and trained

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

Qualification

CFO experienceFinancial analysisHealthcare experienceCPA certificationExcel proficiencyLeadership abilityCommunication skillsStrategic thinkingEmotional intelligence