At a Glance
- Tasks: Lead financial operations and ensure accurate reporting for our growing hospital system.
- Company: Join NeuroPsychiatric Hospitals, the largest provider of neuropsychiatric care in the nation.
- Benefits: Enjoy competitive pay, great health benefits, generous PTO, and special tuition offers.
- Why this job: Be part of a dynamic team making a real impact on patient care and your career.
- Qualifications: Bachelor's in Accounting required; 3+ years CFO experience in healthcare preferred.
- Other info: This is a new position due to our exciting growth!
The predicted salary is between 72000 - 108000 £ per year.
About Us
HEALING THE BODY AND MIND Founded fifteen (15) years ago, NeuroPsychiatric Hospitals is the largest hospital system in the nation providing care to patients with both neurological and medical needs. We are unique in that we serve a population which others have previously been unable to, largely due to the patient’s underlying medical issues. Our facilities maintain an inter-disciplinary focus using a multi-specialty approach for both neuropsychiatric and complex medical care issues. This proven approach provides unrivaled quality care for all of our patients. With nine current hospitals across Indiana, Arizona, and Texas, we are continuing our growth to ensure better access to our unique model of care.
Overview
NPH is adding a Chief Financial Officer (CFO) to serve our patients and leadership team in Crown Point, Indiana (IN).
The CFO will have oversight 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)
- 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.
- Prepare annual operating budget and participate in the annual strategic planning process, including ongoing analysis of variances from budget and implementing changes needed to achieve budget goals.
- Have 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, including 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, including completed insurance verification on 100% of patients, working with financial counselors to ensure proper determination of patient portions, and approval of any discounts or charity for logging of upfront collections.
- Monitor purchases to ensure supply costs are kept to budgeted levels.
Qualifications
- Bachelor’s degree in Accounting or business-related field with a major in Accounting required; Master’s degree or CPA a plus.
- At least 3 years of successful CFO experience in a healthcare setting desired.
- Previous Behavioral healthcare experience highly preferred.
- Previous experience with a proprietary healthcare system a plus.
- Must live within market being served.
- Excellent financial analysis skills.
- Advanced proficiency with software packages including Excel and Word.
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Facility Chief Financial Officer employer: NeuroPsychiatric Hospitals
Contact Detail:
NeuroPsychiatric Hospitals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Facility Chief Financial Officer
✨Tip Number 1
Familiarize yourself with the unique financial challenges faced by healthcare organizations, especially those dealing with neuropsychiatric care. Understanding these nuances will help you demonstrate your expertise during interviews.
✨Tip Number 2
Network with professionals in the healthcare finance sector, particularly those who have experience as CFOs. Engaging with them can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Stay updated on federal and state reimbursement methodologies relevant to healthcare. This knowledge will be crucial in discussions about financial operations and budgeting during the interview process.
✨Tip Number 4
Prepare to discuss specific examples of how you've successfully managed financial operations in a healthcare setting. Highlighting your past achievements will showcase your capability to handle the responsibilities of the CFO role.
We think you need these skills to ace Facility Chief Financial Officer
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Chief Financial Officer position. Understand the specific responsibilities and qualifications required, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your previous experience in financial management within a healthcare setting. Be sure to mention any specific achievements or projects that demonstrate your capability as a CFO.
Showcase Your Skills: Make sure to highlight your financial analysis skills and proficiency with software like Excel and Word. Provide examples of how you've used these skills to improve financial operations in past roles.
Craft a Compelling Cover Letter: Write a personalized cover letter that explains why you are a great fit for NeuroPsychiatric Hospitals. Discuss your passion for healthcare finance and how your values align with their mission of providing quality care.
How to prepare for a job interview at NeuroPsychiatric Hospitals
✨Showcase Your Financial Acumen
As a candidate for the CFO position, it's crucial to demonstrate your deep understanding of financial operations in a healthcare setting. Be prepared to discuss your experience with financial statements, budgeting, and compliance with federal and state regulations.
✨Highlight Relevant Experience
Make sure to emphasize your previous roles, especially any experience as a CFO in a healthcare environment. Discuss specific challenges you faced and how you successfully navigated them, particularly in behavioral healthcare or proprietary systems.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and decision-making abilities. Prepare examples of how you've handled financial discrepancies, improved revenue cycle metrics, or managed budget constraints in past positions.
✨Demonstrate Leadership and Collaboration Skills
The CFO role requires strong leadership and the ability to work collaboratively with various departments. Share examples of how you've led teams, fostered inter-departmental communication, and contributed to strategic planning processes.