Chief Financial Officer

Chief Financial Officer (CFO)

Summary/Overview

TheChief Financial Officer (CFO)is an integral part of the senior leadership team and expected to participate in the financial and functional decision-making processes necessary for the successful attainment of the Healing Partners' and subsidiaries operational and financial goals. The CFO has responsibility and is accountable for overall financial operations and all aspects of the day-to-day fiscal management of the facility.

Responsibilities

• 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.
• Ensures company is setting up new business entities and state entities appropriately when the company enters new markets.
• 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 is 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.
• Is actively involved in ensuring 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.
• Builds and presents all financial documents, reports, projections, and presentations for investors.
• Reviews financial merger and acquisition data for any growth the company may pursue through M&As and advises Senior Leadership on the risk and rewards from possible M&A growth.
• Supervises Accounting, Revenue Cycle, Payroll and other departments assigned by the CEO. Ensures department is adequately staffed and trained.
• 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.

Education & Experience

• Bachelor's degree in Accounting or business-related field with major in Accounting.
• CPA or Master's degree a plus.
• Minimum 3 years successful CFO experience in a healthcare setting desired.
• Previous healthcare experience highly preferred.
• Previous experience with a proprietary healthcare system highly preferred.
• Proven financial analysis skills.
• Experience working with information technology and proficiency with software packages including EMR, Billing/Accounting Systems, Microsoft Office products.

Knowledge, Skills and Abilities

• Demonstrated leadership ability.
• Demonstrates excellent communication skills, both written and verbal.
• Ability to think strategically and solve problems.
• Ability to establish and maintain effective working relationships with investors, providers, and staff.
• Ability to lead with a high degree of emotional intelligence and ethics.