Chief Financial Officer (Ceo) - Henry Ford Behavioral Health Hospital

Acadia Healthcare is a leading provider of Behavioral Healthcare services across the United States. Acadia operates a growing network of 250 plus Behavioral Healthcare facilities with approximately 11,100 beds in 39 states and Puerto Rico. With more than 23,000 employees serving approximately 75,000 patients daily, Acadia is the largest stand-alone Behavioral Health company in the U.S.

Acadia Healthcare’s purpose is to Lead Care With Light and our mission is to be a world-class organization that sets the standard for excellence in the treatment of mental health and addiction concerns. We strive to maintain our standing as a thought leader in the Behavioral Healthcare industry, providing treatment that is synonymous with compassion and innovation.

Chief Financial Officer (CFO) -Henry Ford Behavioral Health Hospital 

Acadia Healthcare and Henry Ford Health System have formed a joint venture to develop, construct and operate a new state-of-the-art two story 192-bed Behavioral Health Hospital.  Henry Ford Behavioral Health Hospital will address the ongoing need for psychiatric access for the Greater Detroit Metro area.  This hospital will expand geographic coverage and enable care for a broader region of Southeast Michigan.  Located in West Bloomfield, MI the newly constructed Henry Ford Behavioral Health Hospital will share the campus with Henry Ford West Bloomfield Hospital. 

Acadia Healthcare is currently searching for a Chief Financial Officer to join the Acadia team.  Henry Ford Behavioral Health Hospital is slated to open in middle 2024 and once construction is complete the psychiatric beds consolidated from Macomb to Kingswood will be transferred to our new hospital.

This is a “one of a kind” opportunity for an experienced Behavioral Health CFO to help build and lead a new Hospital with the foremost provider of Behavioral Healthcare nationwide and partner with one of the leading Non-Profit Healthcare systems in all of Michigan.

To learn more about Henry Ford Health follow this link:  https://www.henryford.com/

Your responsibilities as CFO:

• 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 in a timely manner.
• 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.
• 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.

CFO Requirements:

• Bachelor’s degree in Accounting or business-related field with major in Accounting.
• Minimum 3 years successful CFO experience in a healthcare setting desired.
• Previous Behavioral healthcare experience highly preferred.
• Previous experience with a proprietary healthcare system highly preferred.
• CPA or Master’s degree a plus.
• Proven financial analysis skills.
• Experience working with information technology and proficiency with software packages including Excel and Word.
• 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 facility staff, physicians and corporate staff.
• Ability to lead with a high degree of emotional intelligence and ethics.

This Opportunity offers the following:

• Competitive Compensation
• Bonus opportunity
• Relocation benefits
• Growth and development opportunities within Acadia and its subsidiaries
• Excellent Medical, Dental, Vision and Prescription Drug Plan
• 401k plan with company match
• Tuition Reimbursement
• Challenging and rewarding work environment

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