What are the responsibilities and job description for the Facility Chief Financial Officer position at Neuropsychiatric Hospitals?
About Us
Healing Body and Mind.
NeuroPsychiatric Hospitals is a national leader in behavioral healthcare, specializing in patients with acute psychiatric and complex medical needs. Our hospitals use an interdisciplinary, multi-specialty approach that delivers high-quality, patient-centered care when it’s needed most.
With locations in Indiana, Michigan, Texas, and Arizona, we’re expanding access to our unique model of care across the United States. Join us and be part of a team dedicated to making a lasting difference in the lives of patients and families every day
Overview
NPH is adding a Chief Financial Officer (CFO) to serve our patients and leadership team in NeuroPsychiatric Hospital of Indianapolis. The CFO will have oversite and accountability for overall financial operations and day-to-day fiscal management of the hospital. This is a new position due to the growth of our organization!
Benefits of joining NPH
- Competitive compensation structure
- Medical, Dental, and Vision Insurance
- NPH 401(k) plan with up to 4% Company match
- Employee Assistance Program (EAP) Programs
- Generous PTO and Time Off Policy
- Special tuition offers through Capella University
- Work/life balance with great professional growth opportunities
- Employee Discounts through LifeMart
- The chance to grow your leadership career with a dynamic organization
Responsibilities
- Ensure completion of timely and accurate monthly financial statements, including monthly operating reports, certifications, disclosures, and forecasts
- Balance sheet accounts are reconciled on a monthly basis and in compliance with company policies with variances identified and corrected
- Confirm accounting and business office policies and internal controls are in place for audit with no material adjustments or deficiencies found
- Prepares annual operating budget and participates in the annual strategic planning process, including ongoing analysis of variances from budget and implementing changes needed to achieve budget goals.
- Has thorough working knowledge of federal, state and managed care reimbursement methodologies to confirm accuracy of payment to facilities and recorded revenue deductions.
- Routinely review revenue cycle metrics to identify and address issues affecting overall performance to include: timely collection of accounts receivable, limiting uncompensated care and achieving goals for cash collections and AR days to reduce bad debt and denials.
- Actively involved in Front End Revenue Cycle processes to include: completed insurance verification on 100% of patients, working with the financial counselors to ensure proper determination of patient portions and, approval of any discounts or charity for logging of upfront collections.
- Monitors purchases to ensure supply costs are kept to budgeted levels.
Qualifications
- Bachelor's degree in Healthcare Administration, Business Administration, Public Health or Clinical Discipline required. Master's degree preferred.
- Certified Public Accountant (CPA) preferred.
- Minimum of 5 years of progressive financial leadership experience in a healthcare setting required, including experience leading hospital or facility-based financial operations (e.g., Director of Finance, Controller, or similar roles).
- Prior experience sering as a Chief Financial Officer or in a senior finance leadership role preferred.
- Completion of the NPH CFO-in-Training Program may be considered in lieu of direct CFO experience.
- Behavioral healthcare experience highly preferred.
- Must live within market being served.
- Excellent financial analysis skills.
- Advanced proficiency with software packages including Excel and Word.