Job Description

Chief Financial Officer (CFO), Healthcare Facility

$140K-180K+ Signing Bonus + Paid Relocation + Full Benefits + Signing Bonus

Role Overview: Strategic Financial Leadership

The Chief Financial Officer (CFO) is an integral member of the senior leadership team, responsible for the overall financial and fiscal management of a major healthcare facility. This is a critical leadership position that actively participates in the financial and functional decision-making processes necessary for the successful attainment of the facility’s operational, clinical, and financial goals.

The CFO is accountable for all day-to-day fiscal operations, reporting, revenue cycle performance, and strategic budgeting. This position reports directly to the facility's Chief Executive Officer (CEO).

On-site, 5 days per week.

Seniority: Executive Level

Essential Functions & Strategic Accountabilities

I. Financial Reporting & Controls

• Ensure the timely and accurate completion of all monthly financial statements and corporate-required reports (including monthly operating reports, certifications, disclosures, and forecasts).

• Maintain impeccable financial integrity by ensuring all balance sheet accounts are reconciled monthly, in compliance with corporate policies and standards, with timely identification and correction of all outstanding variances.

• Establish, implement, and rigorously enforce accounting and business office policies, procedures, and internal controls to guarantee a clean annual audit with no material adjustments or deficiencies.

• Oversee and approve all computer access privileges (SAF’s) to maintain system security and ensure access is terminated for departing employees.

II. Revenue Cycle & Financial Performance

• Direct the entire Revenue Cycle operation to ensure timely collection of accounts receivable, minimization of uncompensated care, and optimization of net revenue.

• Proactively monitor and analyze key revenue cycle metrics (e.g., cash collections, AR days, bad debt, and denial rates) to identify issues and implement immediate, effective corrective actions.

• Ensure Front End Revenue Cycle processes are fully effective, including 100% insurance verification, accurate determination of patient financial portions, proper approval of discounts/charity care, and effective upfront collection logging.

• Maintain expert working knowledge of federal, state, and managed care reimbursement methodologies to ensure accurate facility payment and precise recording of revenue deductions.

• Actively participate in managed care contracting and other business development activities to maximize net revenue.

III. Budgeting, Planning & Operational Management

• Lead the preparation of the annual operating budget and participate in the annual strategic planning process that serves as the basis for the budget.

• Provide ongoing, in-depth analysis of variances from budget and collaborate with the CEO and department managers to implement necessary changes to achieve financial goals.

• Prepare annual capital budgets and Capital Equipment Requests, ensuring assets and related depreciation are accurately recorded.

• Provide financial leadership, guidance, and training to facility managers, offering routine feedback regarding departmental financial performance and productivity goals.

• Ensure compliance with Group Purchasing contracts and monitor purchasing to keep supply costs within budgeted levels.

IV. Leadership & Management

• Serve as a trusted strategic partner to the CEO, ensuring open communication and positive collaboration to achieve facility objectives.

• Supervise and lead the Accounting, Patient Accounting, Health Information Management (HIM), Materials Management, and any other assigned departments. Ensure departments are adequately staffed, trained, and managed.

• Provide financial expertise and conduct pro-forma analysis for planning and launching new services.

• Maintain a current, thorough knowledge of healthcare industry trends and regulatory changes to ensure the facility remains prepared and compliant.

Required Qualifications & Skills

Education and Experience

• Education: Bachelor’s degree in Accounting or a business-related field. Master’s degree preferred.

• Experience: Minimum 3 years of successful CFO experience in a healthcare setting is required , specifically managing facility-level financial operations. (10+ to 15 years total experience desired).

• Seniority: Management/Executive level experience required.

• Preference: Previous experience in the proprietary (for-profit) healthcare system environment is highly preferred.

• Preference: Previous Behavioral healthcare experience is highly preferred (specifically for profit, inpatient beds).

Required Skills & Abilities

• Proven, advanced financial analysis skills and ability to think strategically and solve complex problems.

• Demonstrated ability to lead and manage a multi-level team , including hiring, performance accountability, and corrective action.

• Expert knowledge of Month End Close procedures and Expense Management .

• Excellent written and verbal communication skills, including the ability to influence and train facility managers.

• Ability to lead with a high degree of emotional intelligence and ethics.

• Proficiency with information technology and software packages, including Microsoft Excel and Word.

• Ability to work professionally with sensitive, proprietary data while maintaining strict confidentiality.

Licenses/Designations/Certifications

• CPA Designation is highly preferred.

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