Division CFO in Franklin, TN at Acadia Healthcare

Date Posted: 11/22/2019

Job Snapshot

Job Description

Overview

Acadia Healthcare is seeking an energetic and innovative Division CFO to join our team.

Who we are

Acadia provides psychiatric and chemical dependency services to its patients in a variety of settings, including inpatient psychiatric hospitals, specialty treatment facilities, residential treatment centers, outpatient clinics and therapeutic school-based programs.

Acadia Healthcare’s mission is to create a world-class organization that sets the standard of excellence in the treatment of specialty behavioral health and addiction disorders.

Acadia’s management style and philosophy is one of collaboration and flexibility as we create an energetic and team oriented service delivery system. Our organization values input from employees, physicians, and all strategic alliances. As evidenced in our mission statement, Acadia Healthcare’s mission is to create behavioral health centers where people receive care that enables them to regain hope in a supportive, caring environment. We want Acadia to be synonymous with excellent care, phenomenal customer service and an unparalleled commitment to our patients, staff, physicians, and community.

Acadia is a provider of behavioral healthcare services. At September 30, 2019, Acadia operated a network of 589 behavioral healthcare facilities with approximately 18,000 beds in 40 states, the United Kingdom and Puerto Rico. Acadia provides behavioral health and addiction services to its patients in a variety of settings, including inpatient psychiatric hospitals, specialty treatment facilities, residential treatment centers and outpatient clinics.

Your Impact

The Division CFO is an integral part of Acadia’s senior leadership team and expected to participate in the financial and functional decision making processes necessary for the successful attainment of the Division’s Operational and financial goals.  The Division CFO will play a key role in directing the analysis and interpretation of financial information of the Division and all related activities; supports the completion of strong business plans and budgets; evaluates alternative courses of action and ensures that the revenue cycle operations are performed at a high level.   

Responsibilities

ESSENTIAL FUNCTIONS

  • Ensures that each facility assigned has a qualified Facility CFO that has been properly trained.  Participates in recruiting of Facility CFO’s.  Provides Facility CFO with ongoing feedback of performance including any necessary PIPs or corrective actions.
  • Routinely visits assigned facilities to review financial operations and provide Facility CEO, Facility CFO and Division President with feedback and guidance.
  • Provides the Division President and other Corporate staff requested information related to the Division’s financial operations. 
  • Oversees the preparation of the monthly forecast, ensuring accuracy and validity. 
  • Ensures that monthly financial statements are completed timely and accurately.  Provides guidance to the facility CFO’s during the month end close process. 
  • Ensures that all facility balance sheet accounts are reconciled on a monthly basis and in compliance with Acadia policies and standards and that any outstanding variances are identified and corrected timely.  Performs required balance sheet reviews in compliance with the Internal Audit schedule.
  • Ensures that the facility CFO prepares corporate required reports (including the Monthly Operating Report, Monthly Certifications, Corporate Disclosures, Forecasts) timely and accurately.
  • Participates in the Monthly Operating Reviews with Acadia Senior Management and provides explanations and insight for each facility assigned.
  • Ensures Facility CFO has implemented all Acadia accounting and business office policies and required internal controls are in place to facilitate a clean audit with no audit adjustments or deficiencies found.
  • Provides direction to Facility CFO regarding Revenue Cycle Operations to ensure that accounts receivable are collected timely and uncompensated care is kept to a minimum.   Routinely reviews revenue cycle metrics to proactively identify and address issues affecting overall performance.  Reviews and follows up on any issues found by Corporate BOD’s.
  • Ensures facility CFO 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.  Ensures Facility CFO provides the necessary information to prepare any required cost reports.
  • Ensures Facilities are in compliance with Group Purchasing contract. 
  • Ensures Facility CFO prepares the annual operating budget and participates in the annual strategic planning process which serves as a basis for the budget.  Ensures timeliness of preparation, reviews the budgets for accuracy and ensures that key indicators are trending appropriately.  Provides ongoing analysis of variances from budget and assists the Facility CEO, Facility CFO and Division President in implementing changes needed to achieve budget goals. 
  • Ensures Facility CFO prepares annual capital budgets timely and that Capital Equipment Requests are completed accurately and incompliance with Acadia policies.  Ensures that Facility CFO records assets and related depreciation accurately and in compliance with Acadia policies.
  • Assists Facility CFO in providing financial expertise in planning new services including preparation of pro-formas.
  • Provides guidance and assists the Facility CEO, CFO and Division President in ensuring facility is staffed appropriately and that productivity goals are met. 
  • Reviews managed care contracting and other business development activities to ensure net revenue maximization. 
  • Maintains a current knowledge of healthcare industry trends and changes and ensures facility is prepared and compliant. 

Job Requirements

EDUCATION/EXPERIENCE/SKILL REQUIREMENTS:

  • Bachelor’s degree in Accounting or business related field with major in Accounting.
  • Minimum 7 years progressive successful CFO experience in a healthcare setting, previous Division CFO or Acadia Group CFO experience required.
  • Previous Behavioral healthcare experience highly preferred.
  • Previous experience with a proprietary healthcare system highly preferred.
  • CPA or Master’s degree a plus.
  • Demonstrates strong technical accounting and finance skills.
  • Experience working with information technology and proficiency with software packages including Excel.
  • 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.
  • Ability to set priorities and expectations.
  • Ability to make decisions under stressful situations