Chief Financial Officer (CFO) Signature Psychiatric Hospital

$95,000 - $223,000/Yr

Acadia Healthcare - Kansas City, MO

Full-time - Executive

Kansas City, MO

10,001+ employees

Hospitals

About the position

Acadia Healthcare is a leading provider of behavioral healthcare services across the United States, operating a network of over 250 facilities with approximately 11,100 beds in 39 states and Puerto Rico. The organization is dedicated to excellence in the treatment of mental health and addiction concerns, serving around 75,000 patients daily with a workforce of more than 23,000 employees. The Chief Financial Officer (CFO) at Signature Psychiatric Hospital in Kansas City, Missouri, plays a crucial role in the senior leadership team, participating in financial and functional decision-making processes essential for achieving the facility's operational and financial goals. The CFO is responsible for overseeing all financial operations and day-to-day fiscal management of the facility. This includes ensuring timely and accurate completion of monthly financial statements, reconciling balance sheet accounts, and preparing corporate-required reports such as the Monthly Operating Report and Corporate Disclosures. The CFO must also ensure compliance with accounting policies and internal controls to facilitate clean audits, while directing the Revenue Cycle operations to optimize accounts receivable collections and minimize uncompensated care. In addition to these responsibilities, the CFO will maintain a comprehensive understanding of federal, state, and managed care reimbursement methodologies, supervise various departments including Accounting and Patient Accounting, and prepare annual operating and capital budgets. The role requires a proactive approach to identifying and addressing issues affecting overall financial performance, ensuring that the facility meets its budgetary goals and operational standards.

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.
• 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.
• 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.
• Works 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.
• Facilitates preparation of any required cost reports.
• Supervises Accounting, Patient Accounting, Health Information Management, Materials Management and other departments assigned by the CEO.
• 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.

Requirements

• Proven experience as a CFO or in a similar financial leadership role, preferably in a healthcare setting.
• Strong understanding of corporate finance and performance management principles.
• Familiarity with diverse business functions such as marketing, sales, etc.
• In-depth knowledge of corporate finance and accounting principles, laws, and best practices.
• An analytical mind with a strategic ability to make sound decisions based on financial data.
• Excellent communication and leadership skills.

Nice-to-haves

• Experience with behavioral healthcare financial management.
• Knowledge of federal and state reimbursement methodologies specific to healthcare.

Benefits

• Competitive salary and performance-based bonuses.
• Comprehensive health insurance plans.
• 401(k) retirement savings plan with company matching contributions.
• Paid time off and holidays.
• Opportunities for professional development and continuing education.