Financial Director

5 days ago

Highland Hills, Ohio, United States Highland Springs Full time
Director of Finance/Controller Job Description

Highland Springs is a 72-bed behavioral hospital located in Cleveland, Ohio. The hospital offers inpatient and outpatient mental health and addiction treatment to adults, adolescents, and their families. At Highland Springs, we are dedicated to Changing People's Lives.

Job Summary:

We are seeking a highly skilled and experienced Director of Finance/Controller to join our finance team. The successful candidate will be responsible for the overall financial administration of the facility, including general accounting, data processing, and financial reporting in accordance with all facility and corporate policies and procedures.

Key Responsibilities:

  • Monitor the activities of the business office staff (billing, collections, financial counseling, utilization review, and data processing) and revenue cycle to ensure patient accounts receivable stay at an acceptable level with continuous focus on improving hospital cash flow (including management of denials).
  • Responsible for closing the financial statements in a timely manner each month.
  • Prepare mid-month and end-of-month projections.
  • Prepare Month Operating Reports with accuracy and within established timelines.
  • Prepare Annual Operating and Capital Budget.
  • Ensure that all payroll activities are completed timely by facility to allow processing by Corporate Payroll Department.
  • Monitor and analyze FTEs to maintain budget requirements.
  • Responsible for ensuring AP invoices are received and processed timely in P2P environment as well as ensuring provider payments are processed according to contract.
  • Monitor payer mix/UR for appropriateness of treatment.
  • Perform account reconciliations for Accounts Receivable and related Reserves.
  • Reviews and ensures Balance Sheets are properly stated in adherence with GAAP and Company Policies.
  • Develops plan and works towards strategic goals for continued growth of the Facility.
  • Prepare actual vs. budget monthly reports within assigned timeframes.
  • Maintains sufficient familiarity with data processing systems to identify problems, initiate corrective actions, provide staff training, generates necessary reports.
  • Provide and/or prepare data for state and federal financial reporting including but not limited to Medicare Cost Reports, State Health Reporting.

Requirements:

  • Bachelor's degree in finance or accounting or related field required.
  • Master's degree preferred.

Experience:

  • Previous experience in healthcare overall financial operations/controls required.
  • Experience in payroll also required.
  • Knowledge of in-patient psychiatric and chemical dependency hospital finance preferred.

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