Market Chief Financial Officer (CFO) - Bayside Marin and Azure Acres

$108,160 - $120,640/Yr

Acadia Healthcare - San Rafael, CA

Full-time - Executive

San Rafael, CA

10,001+ employees

Hospitals

About the position

Acadia Healthcare is seeking a Market Chief Financial Officer (CFO) to provide financial leadership for the Northern California Specialty market, specifically overseeing the Bayside Marin Treatment Center and Azure Acres Recovery Center. This role is critical in ensuring the financial health and operational efficiency of these facilities, which are dedicated to the treatment of addiction and co-occurring disorders. The Market CFO will be responsible for the timely and accurate completion of monthly financial statements, ensuring compliance with company policies, and reconciling balance sheet accounts. The CFO will also prepare corporate-required reports, including the Monthly Operating Report and forecasts, while ensuring that all accounting and business office policies are in place to facilitate a clean audit. In addition to financial reporting, the Market CFO will direct the operations of the Revenue Cycle, ensuring timely collection of accounts receivable and minimizing uncompensated care. This includes overseeing the Front End Revenue Cycle processes, ensuring insurance verification for all patients, and working closely with the Financial Counselor to determine patient portions and manage upfront collections. The CFO will maintain a thorough understanding of federal, state, and managed care reimbursement methodologies to ensure accurate payments and revenue deductions. The role also involves supervising various departments, including Accounting, Patient Accounting, and Health Information Management, ensuring they are adequately staffed and trained. The Market CFO will prepare annual operating budgets, participate in strategic planning, and provide ongoing analysis of budget variances. This position offers a supportive work environment focused on professional growth and development, with a commitment to excellence in patient care and organizational leadership.

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, and revenue deductions are recorded accurately.
• 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

• Bachelor's degree in Accounting or business-related field with major in Accounting.
• Minimum 3 years successful CFO experience in a healthcare setting desired.
• Previous Behavioral healthcare experience highly preferred.
• Previous experience with a proprietary healthcare system highly preferred.
• CPA or Master's degree a plus.
• Proven financial analysis skills.
• Experience working with information technology and proficiency with software packages including Excel and Word.
• Demonstrated leadership ability.
• Demonstrates excellent communication skills, both written and verbal.
• Ability to think strategically and solve problems.
• Ability to establish and maintain effective working relationships with facility staff, physicians and corporate staff.
• Ability to lead with a high degree of emotional intelligence and ethics.

Nice-to-haves

• Experience with financial software specific to healthcare.
• Knowledge of behavioral health regulations and compliance standards.

Benefits

• Competitive Compensation
• Bonus opportunity
• Relocation benefits
• Growth and development opportunities within Acadia and its subsidiaries
• Excellent Medical, Dental, Vision and Prescription Drug Plan
• 401k plan with company match
• Tuition Reimbursement
• Challenging and rewarding work environment