Chief Financial Officer (CFO) - Westborough

Job Description

Job Description

We are looking for an experienced Chief Financial Officer (CFO) to join our team.

Your Impact

The Facility CFO is responsible for the financial health, integrity, and strategic direction of the facility. This role leads all financial operations — including budgeting, financial reporting, revenue cycle management, cost control, and regulatory compliance — while partnering with the facility Administrator and department heads to drive sound financial decision-making that supports high-quality patient care and organizational sustainability.

How We Help

Westborough Behavioral Healthcare Hospital is a psychiatric facility located in Westborough, Massachusetts, committed to delivering high-quality, patient-centered mental health care. We offer a full continuum of inpatient and outpatient services to address the diverse mental health needs of individuals across all ages and backgrounds. Our goal is to provide timely, compassionate, and personalized psychiatric care in a safe and structured setting. We are proudly accredited by both The Joint Commission and the Centers for Medicare & Medicaid Services (CMS), demonstrating our ongoing commitment to clinical excellence, patient safety, and quality of care.

Every member of our team, from clinicians and nurses to support staff and administrators, is dedicated to creating a safe, respectful, and healing environment. We are proud to serve our community with integrity, clinical excellence, and deep compassion.

Address: 300 Friberg Pkwy, Westborough, MA 01581

EEOC Employer. We do not discriminate against any person on the basis of race, color, national origin, sexual orientation, disability, or age in admission, treatment, or participation in its programs, services and activities, or in employment.

We participate in the E-Verify program. Follow the link for additional information. E-Verify: -verify

Requirements

Education & Experience

Required

• Bachelor's degree in Accounting, Finance, or related field

• Minimum 5 years of progressive financial management experience, including at least 2 years in a healthcare or behavioral health setting
• Strong knowledge of healthcare reimbursement (Medicare/Medicaid), revenue cycle management, and cost reporting
• Proficiency in financial/accounting software and advanced Excel skills
• Strong analytical, organizational, and communication skills

Preferred

• CPA, CMA, or MBA
• Experience in acute inpatient psychiatric or behavioral health finance
• Experience with EHR/billing systems

Core Competencies

• Financial analysis and strategic planning
• Regulatory and compliance knowledge (healthcare-specific)
• Leadership and cross-departmental collaboration
• Attention to detail and integrity in financial reporting
• Problem-solving under regulatory and operational constraints

Physical/Work Requirements

• Primarily office-based within the facility; may require occasional travel to corporate or regional meetings
• Ability to work extended hours during month-end/year-end close, budget season, and survey periods

Responsibilities

• 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, Forecasts) timely and accurately.
• 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 the 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.
• Supervises Accounting, Patient Accounting, Health Information Management and any other departments assigned by the CEO.
• 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
• Maintains current knowledge of healthcare industry trends and changes and ensures the facility is prepared and in compliance.

Benefits

• Pay range: $150,000 - $195,000 per year with bonus potential

• 401(k)
• Dental insurance
• Employee assistance program
• Employee discount
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance