Unclassified - Indianapolis, IN
posted 2 months ago
Acadia Healthcare is seeking a Chief Financial Officer (CFO) for Milestones Behavioral Health, a new state-of-the-art 68-bed behavioral healthcare hospital set to open in December 2024 in Indianapolis, IN. The CFO will play a crucial role as part of the senior leadership team, participating in financial and functional decision-making processes essential for achieving the facility's operational and financial goals. This position is responsible for overseeing all financial operations and day-to-day fiscal management of the hospital, ensuring compliance with company policies and standards, and maintaining a clean audit with no material deficiencies. The CFO will ensure timely and accurate completion of monthly financial statements and reconciliation of all balance sheet accounts. They will prepare corporate-required reports, including the Monthly Operating Report and Corporate Disclosures, and ensure that all accounting and business office policies are in place. The CFO will direct the operations of the Revenue Cycle, striving to achieve goals for cash collections and minimizing uncompensated care. They will also maintain a thorough understanding of federal, state, and managed care reimbursement methodologies to ensure accurate payments and revenue deductions. In addition to financial oversight, the CFO will supervise various departments, including Accounting, Patient Accounting, and Health Information Management, ensuring they are adequately staffed and trained. The role involves preparing annual operating budgets, participating in strategic planning, and providing ongoing analysis of budget variances. The CFO will also prepare annual capital budgets and ensure compliance with Group Purchasing contracts to monitor supply costs.