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Starlite Recovery Center · 1 day ago

Chief Financial Officer (CFO) Starlite Recovery Center

Center Point, TX

Full-time

Onsite

Lead/Staff, Director/Executive

3+ years exp

Starlite Recovery Center is a premier addiction recovery center located in Texas, focusing on the treatment of individuals struggling with substance use disorder. The Chief Financial Officer (CFO) is responsible for overseeing the financial operations of the facility, ensuring compliance, and leading the financial strategy to achieve operational and financial goals.

Health CareMedicalPersonal DevelopmentRehabilitationTherapeuticsWellness

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

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 certificationLeadership abilitySoftware proficiencyCommunication skillsStrategic thinkingEmotional intelligenceProblem-solving