Chief Financial Officer for Behavioral Health Services

5 days ago

Leland, North Carolina, United States Summit BHC Full time

About the Opportunity


Summit BHC is seeking a highly skilled Chief Financial Officer (CFO) for our Behavioral Health Services division. As a key member of our senior leadership team, the CFO will play a critical role in driving financial growth and success for our organization.


Job Summary


The CFO will be responsible for overseeing all aspects of financial operations, including financial planning and analysis, budgeting, forecasting, and financial reporting. This individual will also lead the development and implementation of financial strategies to drive business growth and improve financial performance.


Key Responsibilities


• Oversee financial planning and analysis, including budgeting, forecasting, and financial reporting.


• Develop and implement financial strategies to drive business growth and improve financial performance.


• Lead the development and execution of financial plans and initiatives.


• Provide financial guidance and support to facility managers and other stakeholders.


• Ensure compliance with financial regulations and policies.


Requirements


• Bachelor's degree in accounting or business-related field; Master's degree preferred.


• A minimum of five years financial management experience (CFO, ACFO, Director of Finance, Controller) in a healthcare setting is required.


• Previous Behavioral healthcare experience highly preferred.


• Previous experience with a proprietary healthcare system highly preferred.


• Proven financial analysis skills and strong technical accounting and finance skills.


• Experience working with information technology and proficiency with software packages including Excel and Word.


LICENSES/DESIGNATIONS/CERTIFICATIONS


CPA preferred.


SUPERVISORY REQUIREMENTS


Five or more years of supervisory/management experience in healthcare setting required.


ESSENTIAL FUNCTIONS


• 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 and that any outstanding variances are identified and corrected timely.


• 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. Ensures that all approval processes are in place.


• Directs the operations of the Revenue Cycle to ensure that accounts receivable are 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.


• Ensures Front End Revenue Cycle processes are in place including ensuring the insurance verification is completed on 100% of patients, working 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. Facilitates preparation of any required cost reports.


• Supervises Accounting, Patient Accounting, Health Information Management, Materials Management and other departments as assigned by the CEO.


• Leads a team of highly engaged members thru hiring, orienting, performance assessment and management, motivating, training, scheduling, and coaching to meet department goals and ensure effective and efficient department operation.


• 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. Ensures assets and related depreciation is recorded accurately and in compliance with company policies.


• Provides financial leadership and guidance to facility managers. Trains managers on financial matters and provides routine feedback regarding department performance.


• Provides financial expertise in planning new services including preparation of pro-formas.


• Works as a partner with the CEO and ensures that there is an open line of communication and positive interaction and facility is staffed appropriately and that productivity goals are met.


• Participates with managed care contracting and other business development activities to ensure net revenue maximization.


• Approves or denies all computer access privileges (SAF's) and ensuring that access is terminated for employees that have been terminated.


Compensation and Benefits


The estimated salary range for this position is $120,000 to $180,000 per year, depending on experience. Summit BHC offers a comprehensive benefit package, including medical, dental, and vision insurance, 401(k) matching, and paid time off.


Why Choose Summit BHC?


Summit BHC is a dynamic and growing organization committed to providing high-quality healthcare services to our communities. We offer a supportive and collaborative work environment, opportunities for professional growth and development, and a competitive compensation and benefits package.


How to Apply


Qualified candidates should submit their resume and a cover letter outlining their experience and qualifications for this position. We are an equal opportunity employer and welcome applications from diverse candidates.


Location


This position is based in Leland, North Carolina.


Language


This job posting is in English.


Company Overview


Summit BHC is a leading provider of behavioral health services, with a strong commitment to delivering high-quality care to our communities. Our organization is dedicated to serving veterans and military families, and we recognize the unique strengths and challenges of this population.


Location Information


Leland, North Carolina is a charming town located in the southeastern part of the state. Our facility is easily accessible by car, and we offer a range of amenities and services to support our employees and patients.


Salary


The estimated salary range for this position is $120,000 to $180,000 per year, depending on experience.


Benefits


Summit BHC offers a comprehensive benefit package, including medical, dental, and vision insurance, 401(k) matching, and paid time off.

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