Divisional Chief Financial Officer

3 weeks ago

Franklin TN, United States Summit BHC Full time

About the Job:

The Divisional Chief Financial Officer is a key leadership role at Summit BHC, responsible for the overall fiscal management of the facilities within the division. This includes providing financial and operational decision-making necessary for the realization of the Division's strategic, financial, and operational goals.

Key Responsibilities:

  • Ensure timely and accurate completion of monthly financial statements for the Division.
  • Visit assigned facilities to review financial operations and provide feedback and guidance to Facility leadership and Division President.
  • Provide Division President and other Corporate staff with requested information related to the Division's financial operations.
  • Oversee the preparation of the monthly forecast, ensuring accuracy and validity.
  • Assist in the preparation of corporate and divisional required reports, including the Monthly Operating Report and Forecasts.
  • Provide financial expertise in planning new services, including preparation of pro-formas.
  • Work with facilities to ensure 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.
  • Participate in the Monthly Operating Reviews with Summit Senior Management and provide explanations and insight for each facility assigned.
  • Work with the Director of the CBO to direct the operations of the Revenue Cycle to ensure that accounts receivable are collected timely and uncompensated care is kept to a minimum.
  • Ensure Front End Revenue Cycle processes are in place, including VOBs, Financial Counseling, and all other financial documentation is completed.
  • Maintain 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.
  • Facilitate preparation of any required cost reports.
  • Ensure compliance with Group Purchasing contract and monitor purchases to ensure supply costs are kept to budgeted levels.
  • Prepare annual operating budget and participate in the annual strategic planning process, which serves as a basis for the budget.
  • Provide ongoing analysis of variances from budget and assist the CEO in implementing changes needed to achieve budget goals.
  • Help ensure assets and related depreciation are recorded accurately and in compliance with company policies.
  • Provide financial leadership and guidance to Division Vice President and facility CEOs.
  • Provide ongoing analysis of variances from budget and assist the CEOs and the Division Vice President in implementing changes needed to achieve budget goals.
  • Review managed care contracting and other business development activities to ensure net revenue maximization.
  • Maintain a current knowledge of healthcare industry trends and changes and ensure facility is prepared and compliant.
  • Provide guidance and assist the Division Vice President and facility CEOs in ensuring facility is staffed appropriately and that productivity goals are met.

Requirements:

  • Bachelor's degree in Accounting or business-related field; Master's degree preferred.
  • At least seven years' progressive successful CFO experience in a healthcare setting required.

Why Summit BHC:

Summit BHC offers a comprehensive benefit plan and a competitive salary commensurate with experience and qualifications. Qualified candidates should apply by submitting a resume. Summit BHC is an EOE. Veterans and military spouses are highly encouraged to apply. Summit BHC is dedicated to serving Veterans with specialized programming at our treatment centers across the country.

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