Director of Finance
Taft Brown Associates
Taft Brown Associates has partnered with a behavioral health organization with a Director of Finance search. As the Director of Finance, you will oversee all financial operations of the hospital, including revenue cycle management, general accounting, information systems, and financial reporting in alignment with hospital and Health Support Center (HSC) policies. You will ensure internal controls effectively safeguard assets and that accounting systems produce accurate, timely financial statements. You will also be responsible for developing the annual hospital budget and conducting ongoing financial analysis, monitoring variances, and reporting findings to the Chief Executive Officer and HSC office.
ESSENTIAL FUNCTIONS
To perform this job, an individual must perform each essential function satisfactorily with or without reasonable accommodation.
- Supervises the business office functions—including billing, collections, financial counseling, utilization review, and data processing—and ensures effective revenue cycle operations that maintain patient accounts receivable at acceptable levels and support strong cash flow, including the management of denials.
- Ensures compliance with company policies and procedures to minimize organizational risk.
- Maintains adherence to generally accepted accounting principles (GAAP) and all applicable local, state, and federal regulations.
- Oversees the accurate capture and posting of all financial and accounting activity and ensures timely completion and distribution of monthly financial statements and productivity reports.
- Maintains patient accounts receivable at levels appropriate for the facility’s market, payer mix, and acuity.
- Monitors financial performance goals, including EBITDAR targets, analyzes variances, and partners with the Chief Executive Officer to develop action plans to achieve established objectives.
- Ensures all balance sheet accounts are reconciled monthly and that internal controls support a clean audit opinion.
- Typically supervises Accounting, Patient Financial Services, Purchasing, Payroll, and other departments as assigned.
- Ensures an accurate and timely month‑end close process; prepares financial statements and monthly operating review reports for joint presentation with the Chief Executive Officer to HSC leadership.
- Leads preparation of the hospital’s annual operating and capital budgets.
- Coordinates with HSC finance and accounting teams during the annual independent audit process.
- Oversees daily, weekly, and monthly reporting of operating statistics and financial metrics as scheduled or requested.
- Always exhibit the company’s core values of champion patient care, do the right thing, embrace individuality, act with kindness, and making a difference together.
- Other duties as assigned.
ADDITIONAL INFORMATION
Access to and/or works with sensitive and/or confidential information.
Exhibit a comprehensive understanding of healthcare regulatory and compliance (e.g., HIPAA). Skilled in the application of policies and procedures.
KNOWLEDGE, SKILLS
- Expertise in behavioral health.
- Strong leadership and organizational skills.
- Strong understanding of hospital business operations as it relates to budget, FTE oversight and management
- Ability to work collaboratively with a diverse team of healthcare professionals.
- Proficiency in using technology, including Microsoft Word, Excel, and PowerPoint.
- Excellent listening skills and sound financial reasoning.
QUALIFICATIONS
- Bachelor’s degree in Accounting, Finance, or Business Administration from an accredited school required.
- Certified Public Accountant (CPA) license preferred.
- Three years’ experience in healthcare financial operations and controls required.
- Three years of supervisory experience required.
- Knowledge of inpatient psychiatric and chemical dependency hospital finance preferred.
- De‑escalation certification is required within 30 days of employment and prior to any patient contact.
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