CFO in Training

Company: Acadia Healthcare
Location: Belton
Posted on: May 6, 2021

Job Description:

Acadia Healthcare is currently recruiting for a strong energetic professional and leader to join our team as a CFO in Training. The CFO in Training is an employed position- not an internship. **The CFO in Training location will be at Cedar Crest Behavioral in Belton, TX.** Once the training is completed, CFO in Training must be willing to relocate to begin a Hospital CFO role. How We Help 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. Located near Austin, Cedar Crest Hospital & Residential Treatment Center is a premier provider of mental health and co-occurring substance use disorder treatment for individuals of all genders. We offer a robust continuum of care that includes inpatient and outpatient treatment for adults, adolescents, and children, along with residential treatment for adolescents. Each patient's healing process is different, but elements of treatment at our facility typically include individual, group, and family therapies. Our experienced team strives to enrich the lives of those who turn to us for treatment by helping them learn to manage the symptoms that caused them to seek care in the first place. 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. Your Impact as CFO in Training Improving the lives we touch is our number one goal at Acadia Healthcare. The Chief Financial Officer (In Training) will function in a mentee role under the mentorship of assigned Chief Financial Officer. CFO Mentee shall perform tasks as assigned through the formal CFO Training Program and become familiar with day-to-day operations and financial management of the healthcare facility. While the majority of the training will take place at the facility assigned, training will also take place at other Acadia facilities, at the discretion of the Operations CFO and/or Controller. At the completion of training, the CFO will be assigned to a facility.

Essential Functions:

• While completing formal CFO Training Program, the CFO in Training will observe/learn/assist CFO in the following core function areas:
• Provides administrative financial oversight and leadership. Manages day-to day financial operations and staff so that the hospital achieves its financial objectives and attains key indicator goals.
• Supervises all areas of General Accounting to ensure adherence to Acadia Accounting policies and procedures. Becomes knowledgeable of various Information Systems used to record accounting activity.
• Ensures all facets of the Revenue Cycle are functioning properly. Works with the Business Office to ensure facility is paid for services rendered.
• Understands how the facility is reimbursed by various payers and for various services. Understands how contracted agreements, bad debt calculations, administrative adjustments, and denials management works, as well as appropriate application of the charity care policy.
• Understands all aspects of Admissions, Intake and Utilization Management, including understanding how referrals are obtained, certifications for patient stays from third parties and any other information needed to ensure payment.
• Assists the CEO and management team with appropriate staffing of the facility to provide quality patient care and to meet productivity benchmarks. Provides information, monitors results and participates in staffing decisions.
• Ensures the facility is following the Acadia capitalization policies and approval processes for asset purchases. This includes completing a capital budget, proper completion of CERs, proper recording of assets and leases and ensuring the location of all assets is known.
• Monitors facility purchases. This includes assisting department managers with appropriate selection of supplies, ensuring inventories are properly maintained and recorded, and appropriate vendors are used based on contracts.
• Ensures that Internal Controls are in compliance to protect the company, reduce the risk of asset loss and to prevent errors and misstatement of financial statements.
• Understands the activities of the Business Development staff, as it relates to providing volume growth expectations, and provides support and guidance on where business development resources should be focused.
• Collaborates with the CEO and management team in the annual strategic planning process and drives the subsequent preparation of the facility's annual budget. Provides financial data and analysis, completes pro-formas for new services, and provides ongoing feedback on performance.
  • Understands the impact of all Quality, Compliance, Risk and Legal policies, procedures and regulations on the profitability/viability of the facility.
  • Ensures that physicians are paid based on contracts, assists CEO as needed with recruitment efforts, ensures collection of physician revenues and completes profitability analysis on employed physicians.
  • Understands the impact of Health Information Management, including proper documentation to substantiate medical necessity, billing requirements are met, and coding is completed timely and accurately.
  • Understand the day-to-day clinical and support management and operation of the hospital in order to assist in the facility patient care and business objectives.
  • Appraises team performance, both of individual members and the team as a whole, assesses competencies, and provides coaching/corrective action as appropriate.
  • Analyzes and explains financial results of the facility. Requirements
    • BA in Accounting, Finance or related discipline required
    • Experience working in a healthcare setting preferred.
    • Ability to work professionally with sensitive, proprietary data & information while maintaining confidentiality.
    • Excellent interpersonal skills including the ability to interact effectively and professionally with individuals at all levels;
    • both internal and external.
    • Self-motivated with strong organizational skills and superior attention to detail.
    • Must be able to manage multiple tasks/projects simultaneously within inflexible time frames. Ability to adapt to frequent priority changes.
    • Capable of working within established policies, procedures and practices prescribed by the organization.
    • English sufficient to provide and receive instructions/directions.

Keywords: Acadia Healthcare, Killeen , CFO in Training, Executive , Belton, Texas