Chief Financial Officer (CFO) - Tower Behavioral Health in Reading, PA at Acadia Healthcare

Date Posted: 10/7/2021

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Reading, PA
  • Job Type:
  • Date Posted:
    10/7/2021

Job Description

Overview

Overview:

Tower Health and Acadia Healthcare have formed a joint venture, Tower Behavioral Health (TBH) in Reading, PA. The beautiful 83- acre campus is comprised of a state-of-the-art 144- bed inpatient facility, with multiple levels of outpatient services, and future plans to open a 68- bed Residential Treatment Center. TBH is actively recruiting and hiring Adult, Child and Adolescent Inpatient and Outpatient Psychiatrists and will continue to do so over the next 3 years, as services expand, and we provide evidenced based clinical services. We have a wide range of positions available including full-time staff psychiatrists, weekend, evening and overnight coverage.

Berks County offers excellent schools, colleges, parks, and a multitude of cultural, recreational, shopping and sporting attractions are in the vicinity. You will enjoy country living with easy accessibility to shore points, two airports and major metro areas, such as Philadelphia, Washington DC and New York City. 

 

Your Impact as CFO 

The Facility 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 facility’s operational and financial goals.  The Facility CFO has responsibility and is accountable for overall financial operations and is responsible for all aspects of the day to day fiscal management of the facility.   

Responsibilities

Your Responsibilites 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 timely.
  • 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 are 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.
  • Supervises Accounting, Patient Accounting, Health Information Management, Materials Management and other departments assigned by the CEO.  These departments may include, but are not limited to, Health Information Management, Materials Management, and Human Resources.  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.

Job Requirements

Your Qualifications as CFO

  • Bachelor’s degree in Accounting or business related field with major in Accounting.
  • Minimum 2 years successful CFO experience in a healthcare setting desired.
  • Previous Behavioral healthcare experience highly preferred.
  • Previous experience with a proprietary healthcare system highly preferred.
  • Prior experience with EPIC EHR is a plus.
  • 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.

IND01

#LI-MT1