Chief Financial Officer (CFO)

About the role

The CFO is responsible for overall financial administration of the hospital, including revenue cycle, general accounting, information systems and financial reporting in accordance with all hospital and corporate policies and procedures. Ensures that internal controls are adequate to safeguard facility assets and that accounting systems are sufficient to generate accurate and timely financial reports. Also responsible for preparation of the annual hospital budget along with ongoing analytics monitoring any variances and reporting to CEO and corporate office.

Responsibilities

• Supervise and oversee the activities of the business office staff (billing, collections, financial counseling, utilization review and data processing) and maintain effective revenue cycle processes to keep patient accounts receivable at an acceptable level and increase the hospital's cash flow (including management of denials).
• Ensure that company policies and procedures are effective and implemented to assure minimal risk to the facility.
• Responsible for compliance with generally accepted accounting principles as well as any other local, state and federal guidelines required.
• Ensure accurate capturing and posting of all financial and daily accounting activity and ensure that monthly financial statements and regular productivity reports are completed and distributed on a timely basis.
• Contribute to and monitor performance goals and objectives (EBITDAR target); analyze variances and with CEO, develop action plans to achieve assigned targets.
• Maintain patient accounts receivable at amounts appropriate for market, payer, and acuity mix (measured by AR days).
• Ensure all balance sheet accounts are reconciled on a monthly basis and systems of internal controls are in place to facilitate a clean audit opinion.
• Typically supervise the areas of Accounting, Patient Financial Services, Purchasing, Payroll and other departments as required at the individual hospital.
• Ensure that month end financial closing process is completed accurately and timely; prepare financial statements and monthly operating review reports to co-present with the hospital CEO to corporate management.
• Responsible for preparation of annual operating and capital budgets for the hospital.
• Assist the corporate finance and accounting team in the annual independent audit preparation and process.
• Responsible for daily, weekly and monthly reporting of operating statistics and financial metrics as scheduled and or requested.
• All other duties assigned.

Requirements

• Education: Bachelor's degree in finance or accounting or related field required. CPA preferred.
• Experience: Previous experience in healthcare overall financial operations/controls required. Experience in payroll also required. Knowledge of inpatient psychiatric and chemical dependency hospital finance preferred.
• Proficient in use of Microsoft Office applications and has used computer workstation in previous roles in hospital.

Benefits

• Comprehensive Benefits: Multiple levels of medical, dental and vision coverage; tailored benefit options for part-time and PRN employees.
• Financial Protection & PTO: Life, accident, critical illness, hospital indemnity insurance, short and long-term disability, paid family leave and paid time off.
• Financial & Career Growth: Higher education and certification tuition assistance, loan assistance and 401(k) retirement package with company match.
• Employee Wellbeing: Mental, physical, and financial wellness programs (free gym memberships, virtual care appointments, mental health services and discount programs).
• Professional Development: Ongoing learning and career advancement opportunities.

About the facility

Collin Springs, a Carrollton Springs facility, is a 72-bed behavioral health hospital located in McKinney, TX, part of the Dallas-Ft. Worth Metro Area northeast of Dallas, TX. We provide evidence-based inpatient and outpatient programming for those facing mental health and addiction challenges. We treat adolescents ages 11+ and adults ages 18+. Programs include inpatient mental health and addiction treatment, Partial Hospitalization Programs (PHP), and Intensive Outpatient Programs (IOP).