Chief Financial Officer - The Ridge Behavioral Health System

Universal Hospital Services Inc.; Lexington (KY); On-site; USD 180,000 - 260,000; Full time

Benefits offered by this job

Challenging work environment

Relocation benefits

Bonuses

401k plan with company match

Paid time off

Job summary

Ridge Behavioral Health System in Lexington, KY seeks a Chief Financial Officer to lead financial operations for a 110-bed behavioral health hospital. The role focuses on maximizing patient revenue, controlling costs, and ensuring accurate financial reporting across departments.

The CFO will partner with executive leadership to develop budgets, monitor cash flow, and optimize reimbursement strategies within regulatory guidelines.

Qualifications

• Bachelor’s degree required; Master’s degree preferred.
• Strong working knowledge of hospital financial operations, tax regulations, and business office processes.
• Skilled at interpreting financial analysis and performance information; prepares schedules and reports.
• Proficient with electronic spreadsheets and data manipulation in databases.

Responsibilities

• Monitors and controls accounts receivables and cash collection.
• Oversees Business Office functions and coordinates with Intake and Utilization Review.
• Evaluates profitability, costs, and payor mix; negotiates third-party contracts.
• Prepares monthly financial statements, analyses, and reports with internal controls.
• Assists in budgeting and forecasting; aligns with organizational objectives.
• Performs additional duties as assigned.

Skills

Financial analysis

Excel / spreadsheets

Budgeting

Data manipulation

Inter-department collaboration

Education

Bachelor’s degree

Master’s degree preferred

Job description

Responsibilities

As the only free-standing psychiatric hospital in the Central Kentucky area, we are here to help. Please join our team as we expand our services to meet the needs of our community.

The Ridge Behavioral Health System is a 110-bed hospital located in the heart of the Bluegrass, Lexington, KY. The Ridge provides psychiatric and substance use disorder treatment for children, adolescents, and adults. The Ridge offers Partial Hospitalization, Intensive Outpatient Programs, Individual Counseling, as well as Medication Management for all ages. We have provided behavioral health services to over 92 Kentucky counties for more than 39 years.

Chief Financial Officer

• Monitors and controls accounts receivables. Closely oversees Business Office functions to ensure cash collection goals are met, and net revenue is properly stated. Facilitates weekly A/R meeting with CEO and Business Office Manager to communicate results and monitor areas of weakness. Monitors and affects as needed relationship between Business Office, Intake and Utilization Review departments to maximize patient revenue.
• Improves the profitability of the hospital. Continually monitors costs in all areas, especially staffing as it relates to patient volume. Continually monitors payor mix and length of stay to maximize reimbursement. Assists in negotiation of contract terms with third party payers. Prepares pro-forma analysis of new program, contracts, etc. to determine estimated outcome. Monitors and evaluates success/failure of implemented program including physician arrangements.
• Develops policies and procedures. Develops and monitors policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced hospital operating costs, and increased revenues.
• Prepares monthly financial statements, financial packages, and other informational reports/analyses. Through account analysis, variance analysis, journal entries, and internal controls, prepares detailed financial statements to accurately reflect the monthly operating results.
• Provides required reporting. Provides reconciliations, account analyses, and other information for Reimbursement Department, Tax Department, Auditors, etc., to aid in preparation of reports.
• Prepares annual budget in conjunction with UHS standards. In cooperation with management and department heads, reviews prior financial results and discusses anticipated changes to highlight future needs and trends of the facility. Tailor’s hospital needs to UHS objectives.
• Performs other duties as assigned/required.

Qualifications

• Minimum education requirement of a bachelor’s degree. Master's degree preferred
• Must possess a working knowledge of hospital financial operations, federal and local tax regulations; knowledge of all business office, accounting, payroll and other administrative office operations including all processes from registration through discharge. Must be skilled at interpreting financial analysis and performance information; preparing schedules and reports, using source data and compiling reports from others’ schedules; using electronic spreadsheets and ability to manipulate data within proprietary and acquired databases.
• 2% Travel

Benefits

• Challenging and rewarding work environment
• Growth and Development Opportunities within UHS and its Subsidiaries
• Competitive Compensation
• Excellent Medical, Dental, Vision and Prescription Drug Plan
• 401k plan with company match
• Generous Paid Time Off
• Relocation benefits
• Bonus opportunity
• UHS Stock opportunity

About Universal Health Services

Headquartered in King of Prussia, PA, Universal Health Services, Inc. (NYSE: UHS) is one of the nation’s largest and most respected providers of hospital and healthcare services. Since our founding in 1979, UHS has grown steadily into a premier Fortune 500® corporation perennially recognized by multiple esteemed national rating entities. Through its subsidiaries, UHS operates inpatient acute care facilities, inpatient behavioral health facilities, outpatient and other facilities, nationwide virtual behavioral health services, an insurance offering, a physician network and various related services with physical locations in the U.S., Puerto Rico, Ireland and United Kingdom. www.uhs.com.

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EEO Statement

All UHS subsidiaries are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates. UHS subsidiaries are equal opportunity employers and as such, openly support and fully commit to recruitment, selection, placement, promotion and compensation of individuals without regard to race, color, religion, age, sex (including pregnancy, gender identity, and sexual orientation), genetic information, national origin, disability status, protected veteran status or any other characteristic protected by federal, state or local laws.