Chief Financial Officer (CFO)
Job Description
TrustPoint Hospital is seeking a Chief Financial Officer (CFO) to join the senior leadership team in Murfreesboro, TN on-site. This role partners with leadership to support operational and financial decision-making while driving measurable results across the hospital.
Benefits that support your life and career
- Competitive compensation with an industry-leading annual performance-based bonus opportunity
- Comprehensive benefits including medical, dental, and vision insurance
- 401(k) with company match to help build your financial future
- Stock-based awards, giving you a stake in Acadia’s success
- Generous paid time off for vacation, sick days, and holidays
- Professional development and leadership training to strengthen your skills
- Career mobility within Acadia’s nationwide network of 250+ facilities
Responsibilities
- Ensure monthly financial statements are completed timely and accurately
- Reconcile all balance sheet accounts monthly in compliance with company policies and standards; identify and correct outstanding variances
- Prepare corporate-required reporting, including Monthly Operating Reports, Monthly Certifications, Corporate Disclosures, and Forecasts
- Maintain accounting and business office policies and internal controls to support a clean audit with no material audit adjustments or deficiencies; ensure approval processes are in place
- Direct Revenue Cycle operations to support timely accounts receivable collections and minimize uncompensated care, while working to achieve goals for cash collections and AR days
- Reduce bad debt and denials by routinely reviewing revenue cycle metrics and addressing issues impacting performance
- Support Front End Revenue Cycle processes, including insurance verification for 100% of patients, and partner with the Financial Counselor on patient portions, discount and charity approvals, and upfront collections logging
- Maintain a strong working knowledge of federal, state, and managed care reimbursement methodologies to support accurate facility payment and correct recording of revenue deductions; facilitate required cost report preparation
- Supervise assigned departments including Accounting, Patient Accounting, Health Information Management, Materials Management, and other departments assigned by the CEO; ensure adequate staffing and training
- Ensure compliance with the Group Purchasing contract and monitor purchases to keep supply costs within budgeted levels
- Prepare the annual operating budget and participate in annual strategic planning; provide ongoing variance analysis and support CEO decisions to achieve budget goals
- Prepare annual capital budgets and Capital Equipment Requests; ensure assets and depreciation are recorded accurately and in line with company policy
Requirements
- Bachelor’s degree in Accounting (major in Accounting) or a business-related field with a major in Accounting
- Minimum 3 years of successful CFO experience in a healthcare setting (desired)
- Behavioral healthcare experience (highly preferred)
- Experience with a proprietary healthcare system (highly preferred)
- CPA or Master’s degree (plus)
- Proven financial analysis skills
- Experience working with information technology and proficiency with Excel and Word
- Demonstrated leadership ability, with excellent written and verbal communication skills
- Ability to think strategically, solve problems, and maintain effective working relationships with facility staff, physicians, and corporate staff
- Ability to lead with emotional intelligence and ethics