Chief Financial Officer (CFO) Mirror Lake Recovery Center in Burns, TN at Acadia Healthcare

Date Posted: 6/11/2018

Job Snapshot

Job Description

Overview

Mirror Lake Recovery Center is currently recruiting for a strong leader to join the team as the CFO.

At Mirror Lake Recovery Center, our treatment philosophy is based upon the following principles:

  • Addiction is a primary and specific disease with its own set of progressive symptoms, which may be identified and treated.
  • As a disease, addiction is a multidimensional problem with individual ramifications for each person.
  • Addiction is a disease that affects the entire family unit.
  • In order to be most effective, treatment must be an active collaborative effort between the client and the members of his or her treatment team.

At Mirror Lake Recovery Center, we value the input of each person that we treat, and we believe that each person who chooses to heal with us has an inherent potential for change and personal growth. Our treatment approach will not be bound by past learning history, but will respond to both present and future expectations. We believe that the client has the ability to continually adapt to a changing environment that challenges the balance between disease and health.

Treatment is not something that we do to a person; instead, it is an active collaborative process.  We always seek the input and participation of our clients, and endeavor to provide them with a variety of treatment options and methodologies that have been individually tailored to meet their specific strengths, needs, and treatment goals.

Responsibilities

PURPOSE STATEMENT

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.    

ESSENTIAL FUNCTIONS

  1. Ensures that monthly financial statements are completed timely and accurately.
  2. 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.
  3. Prepares corporate required reports (including the Monthly Operating Report, Monthly Certifications, Corporate Disclosures, Forecasts) timely and accurately.
  4. 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. 
  5. 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.
  6. 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.
  7. 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.
  8. 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. 
  9. Ensures compliance with Group Purchasing contract and monitors purchases to ensure supply costs are kept to budgeted levels. 
  10. 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. 
  11. Prepares annual capital budgets and Capital Equipment Requests.  Ensures assets and related depreciation is recorded accurately and in compliance with company policies.
  12. Provides financial leadership and guidance to facility managers.  Trains managers on financial matters and provides routine feedback regarding department performance.
  13. Provides financial expertise in planning new services including preparation of pro-formas.
  14. Works as a partner with the CEO and ensures that there is an open line of communication and positive interaction.
  15. Provides guidance and assists the CEO in ensuring facility is staffed appropriately and that productivity goals are met. 
  16. Participates with managed care contracting and other business development activities to ensure net revenue maximization. 
  17. Maintains a current knowledge of healthcare industry trends and changes and ensures facility is prepared and compliant.
  18. Responsible for approving all computer access privileges (SAF’s) and ensuring that access is terminated for employees that have been terminated.  

Job Requirements

EDUCATION/EXPERIENCE/SKILL REQUIREMENTS:

  • Bachelor’s degree in Accounting or business related field with major in Accounting.
  • CFO or Controller experience in healthcare setting highly preferred.
  • 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.