Chief Financial Officer

2 weeks ago


Great Barrington, Massachusetts, United States Community Health Program Inc Full time
About the Position

The Chief Financial Officer (CFO) plays a critical role in the success of Community Health Programs Inc, a leading healthcare organization serving the Berkshire region. As a key member of the executive team, the CFO will be responsible for overseeing the financial health and wellbeing of the organization, ensuring compliance with fiscal regulations, and driving strategic business objectives.

Key Responsibilities
  • Oversee and direct all financial accounting and reporting, procedures, and internal controls, including:
  • Monthly bank reconciliations
  • General Ledger reconciles control accounts to corresponding subsidiary ledgers
  • Accounts Payable verifies accuracy, classifications, and proper approvals
  • Accounts Receivable verifies daily deposits and proper classifications
  • Prepares the financial statements in conformity with United States Generally Accepted Accounting Principles (GAAP)
  • Ensures that the financial statements and all accounting records are accurate for examination by independent auditors
  • Analyzes, prepares, and presents financial statements to management, the Board and the broader CHP community
  • Reviews departmental financial statements with management, provides assistance and presents information at meetings as requested
  • Monitors departmental financial performance and internal controls
  • Develops and implements financial policies and procedures and ensures compliance
  • Oversees CHP's relationships with federal and state tax authorities and government regulators
  • Oversees payroll department and all related processing, reporting, tax filings, etc.
  • Oversees financial performance and ensures compliance with fiscal governmental reporting requirements, including tax reports
  • Oversees and directs all revenue cycle activities, including:
  • Accurate and timely billing to third party payers
  • Reviews billing/collection patterns and makes corrective recommendations, including working in collaboration with the CEO and COO in the development of policies/procedures to ensure corrections are made in a timely manner to enhance revenue
  • Interprets and communicates third party payer rules and regulations
  • Works with Operations leadership to implement best practices in support of effective billing and collections
  • Ensures that appropriate monitoring and auditing of coding, documentation and billing practices are in place
  • Developing and executing contracting strategies
Requirements
  • Bachelors degree in finance or accounting required. Masters degree or Certified Public Accountant (CPA) preferred.
  • Minimum of ten (10) years experience, including five (5) years in a healthcare organization as well as experience in fiscal services (grants, contracts, billing and collections, bookkeeping, accounting, reporting). Experience in primary or multispecialty ambulatory care and/or federally-qualified health center strongly preferred.
  • Required healthcare knowledge:
  • Financial and budgetary practices to develop annual budget, analyze financial data and patterns, and prepare financial statements
  • Cash flow forecasting and management
  • Strategic business objectives and employee performance objectives
  • Governmental and health care fiscal regulations and reporting requirements
  • Electronic health records and practice management systems
  • Revenue cycle management mechanics and best practices, including payer contracting
What We Offer

Community Health Programs Inc offers a dynamic and forward-thinking work environment, with opportunities for professional growth and development. We are committed to fostering a collaborative and inclusive culture, and we are seeking a talented and experienced CFO to join our team.



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