Chief Financial Officer (CFO)

Financeroles; Holyoke (MA); On-site; USD 125,000 - 170,000; Full time

Job summary

Valley Springs Behavioral Health Hospital in Holyoke, Massachusetts seeks a Chief Financial Officer to lead financial administration, revenue cycle, accounting, IT systems, and reporting. The CFO ensures internal controls and prepares the annual budget while partnering with the CEO and corporate office.

The role emphasizes managing AR, cash flow, and month-end closings, with oversight of multiple departments and support for audits and regulatory compliance.

Qualifications

• Bachelor's degree in finance or accounting or related field required.
• CPA preferred.
• Previous experience in healthcare financial operations/controls required.
• Experience in payroll required.
• Proficient in Microsoft Office applications.
• Knowledge of inpatient psychiatric and chemical dependency hospital finance preferred.
• Used hospital computer workstations in prior roles.

Responsibilities

• Oversee revenue cycle, general accounting, information systems, and financial reporting.
• Ensure internal controls and timely, accurate reports.
• Prepare annual operating and capital budgets and monitor variances.
• Provide monthly financial statements and operating reviews with the CEO.
• Maintain AR and cash flow; supervise business office staff.
• Support annual independent audit preparation and regulatory compliance.

Skills

Payroll

MS Office

Healthcare finance

Education

Bachelor's degree in finance or accounting

CPA preferred

Job description

Your experience matters:

Valley Springs Behavioral Health Hospital is operated jointly with Lifepoint Health and Baystate Health. We are driven by a profound commitment to prioritize your wellbeing so you can provide exceptional care to others. As a Chief Financial Officer (CFO) joining our team, you're embracing a vital mission dedicated to making communities healthier®. Join us on this meaningful journey where your skills, compassion and dedication will make a remarkable difference in the lives of those we serve.

The CFOis responsible for overall financial administration of the hospital, including revenue cycle, general accounting, information systems and financial reporting in accordance with all hospital and corporate policies and procedures.Ensures that internal controls are adequate to safeguard facility assets and that accounting systems are sufficient to generate accurate and timely financial reports. Also responsible for preparation of the annual hospital budget along with ongoing analytics monitoring any variances and reporting to CEO and corporate office.

How you'll contribute:

A Chief Financial Officer (CFO) who excels in this role:

• Supervise and oversee the activities of the business office staff (billing, collections, financial counseling, utilization review and data processing) and maintains effective revenue cycle processes to keep patient accounts receivable at an acceptable level and also increasing the hospital’s cash flow (including management of denials).
• Ensures that company policies and procedures are effective and implemented to assure minimal risk to the facility.
• Responsible for compliance along with generally accepted accounting principles as well as any other local, state and federal guidelines required.
• Will ensure accurate capturing and posting of all financial and daily accounting activity and ensures that monthly financial statements and regular productivity reports are completed and distributed on a timely basis.
• Contribute to and monitor performance goals and objectives (EBITDAR target). Analyzes variances and with CEO, develops action plans to achieve assigned targets.
• Maintain patient accounts receivable at amounts appropriate for market, payer, and acuity mix (measured by AR days).
• Ensures all balance sheet accounts are reconciled on a monthly basis and systems of internal controls are in place to facilitate a clean audit opinion.
• Typically supervises the areas of Accounting, Patient Financial Services, Purchasing, Payroll and other departments as required at the individual hospital.
• Ensures that month end financial closing process is completed accurately and timely; prepares financial statements and monthly operating review reports to co-present with the hospital CEO to corporate management.
• Responsible for preparation of annual operating and capital budgets for the hospital.
• Assists the corporate finance and accounting team in the annual independent audit preparation and process.
• Responsible for daily, weekly and monthly reporting of operating statistics and financial metrics as scheduled and or requested.
• All other duties assigned

What we're looking for:

• Education: Bachelor's degree in finance or accounting or related field required. CPA preferred.
• Experience:Previous experience in healthcare overall financial operations/controls required. Experience in payroll also required.Knowledge of inpatient psychiatric and chemical dependency hospital finance preferred. Proficient in use of Microsoft Office applications and has used computer workstation in previous roles in hospital.

Why join us:

We believe that investing in our employees is the first step to providing excellent patient care. In addition to your base compensation, this position also offers:

Comprehensive Benefits:Multiple levels of medical, dental and vision coverage tailored benefit options for parttime and PRN employees, and more.

Financial Protection & PTO:Life, accident, critical illness, hospital indemnity insurance, short and long-term disability, paid family leave and paid time off.

Financial & Career Growth:Higher education and certification tuition assistance, loan assistance and 401(k) retirement package and company match.

Employee Wellbeing:Mental, physical, and financial wellness programs (free gym memberships, virtual care appointments, mental health services and discount programs).

Professional Development:Ongoing learning and career advancement opportunities.

Salary range

$125,000 - $170,000 per year.

More about Valley Springs Behavioral Health Hospital:

Valley Springs Behavioral Health Hospital in Holyoke, Massachusetts, is a 150-bed facility created through a joint venture between Baystate Health and Lifepoint Behavioral Health. It provides acute mental health, addiction treatment, and co-occurring disorder care for children, adolescents, adults, and seniors.

EEOC Statement

Valley Springs Behavioral Health Hospital is an Equal Opportunity Employer. Valley Springs Behavioral Health Hospital is committed to Equal Employment Opportunity for all applicants and employees and complies with all applicable laws prohibiting discrimination and harassment in employment.