Vice President, Finance & Revenue Cycle

Responsibilities

• Manage and oversee the financial stability of the organization including: Financial performance, cash flow and cash management
• Revenue cycle (e.g., patient billing, financial counseling and utilization management)
• Monthly financial reporting and related accounting functions
• Payroll and related processes
• Accounts payable and related processes
• Purchasing cards
• Escheat reporting
• Annual budgeting for operational and capital budgets
• Financial forecasting
• Annual organizational audit as well as other audits (403b, etc)
• Tax reporting
• Oversee and monitor monthly and annual financial results and performance metrics against planned results and provide clear understanding of variances to leadership and Board.
• Oversee the development and implementation of all financial policies and internal controls for the organization that will improve the fiscal effectiveness of the organization.
• Evaluate and advise on the financial impact of strategic expansions of services or new services through pro-forma business analysis.
• Ensure the revenue cycle is optimized to maximize payer payments while also providing excellent customer service.
• Work with clinicians and providers to ensure documentation supports medical necessity and payer requirements.
• Negotiate and maintain oversight responsibility for third party payer contracts.
• Be an advisor from a financial perspective on all contracts into which the organization may enter (e.g. employee benefits, risk management).
• Optimize the handling of bank and deposit treasury management relationships and initiate appropriate strategies to enhance cash position.
• Cook up coordination of the Finance, Investment and Financial Aid Committees of the Board.
• With the Investment Committee, oversee investments of the organization and maintain compliance with the organization’s investment policy.
• Maintain information systems utilized for accounting and budgeting.

Qualifications

• Minimum of Master’s Degree in accounting or related field; preferably with experience in mental health and/or healthcare administration.
• CPA designation preferred.
• Strong non-profit experience and business acumen; ideally has worked in a senior management role for 10+ years in a non-profit organization with management experience with day-to-day financial and revenue cycle operations.
• Demonstrated experience in financial management and accounting as well as revenue cycle management and third party payor practices; skills include budget and resource development, audit, and strategic planning; demonstrated success in developing and monitoring systems to manage work that involve high levels of collaboration.