Chief Financial Officer (CFO) - Project Based

Acadia Healthcare; United States; Remote; USD 180,000 - 240,000; Full time

Benefits offered by this job

Competitive compensation

Medical, dental, and vision insurance

401(k) with company match

Generous paid time off

Professional development

Career mobility

Job summary

Acadia Healthcare is seeking a Project Chief Financial Officer (CFO) to lead financial operations across behavioral healthcare facilities on a remote-based, project-by-project basis. The role requires extensive travel and the ability to operate with flexibility between on-site and home-based assignments across the nationwide network of Acadia’s facilities.

The ideal candidate will have prior CFO experience in behavioral health, strong financial leadership, and expertise in revenue cycle

Qualifications

• Bachelor’s degree in Accounting or business-related field; CPA or Master’s degree a plus.
• Minimum 3 years CFO experience in a behavioral healthcare setting.
• Experience with a proprietary healthcare system is preferred.

Responsibilities

• Ensures monthly financial statements are completed timely and accurately.
• Manages the balance sheet reconciliations and address variances promptly.
• Prepares corporate reports (MOR, monthly certifications, forecasts) timely.
• Oversees internal controls and revenue cycle to optimize cash collections.
• Leads departments including Accounting, Patient Accounting, HIM, Materials, HR.

Skills

Financial leadership

Strategic planning

Revenue cycle management

Cross-functional leadership

Communication skills

Education

Bachelor’s degree in Accounting or related field

Tools

Excel

Word

Job description

Overview

Project Chief Financial Officer (CFO) – Remote Based

Acadia Healthcare is looking to hire a project based Chief Financial Officer(CFO) to provide financial leadership at our behavioral healthcare facilities. This is an exciting opportunity for an experienced behavioral health financial leader that loves travel and enjoys project-based work. Our ideal candidate will have had several years of successful CFO experience in a Behavioral Healthcare environment. The role will require the candidate to travel 100% of the time. This role given its high travel requirement will enable the candidate to be homebased/remote in between projects. This position 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 project based Chief Financial Officerhas responsibility and is accountable for overall financial operations and all aspects of the day-to-day fiscal management of the facility.

This Opportunity offers the following:

• Competitive compensation
• Comprehensive benefits including medical, dental, and vision insurance
• 401(k) with company match to support your financial future
• Generous paid time off for vacation, sick days, and holidays
• Professional development & leadership training to sharpen your skills
• Career mobility within Acadia’s nationwide network of 250+ facilities

Responsibilities

Your responsibilities as CFO – Project Based:

• 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 is 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.

Qualifications

Requirements:

• Bachelor’s degree in Accounting or business-related field with major in Accounting.
• Minimum 3 years successful CFO experience in a behavioral healthcare setting desired.
• 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.

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