Chief Financial Officer

Chief Financial Officer

On site 5 days a week

Locations: Conway, AR | Fayetteville, AR | Saint Charles, MO | Kennett Square, PA | Germantown, TN | Chicago, IL | Allenwood, PA | Denver, CO | Henderson, NV
Work Type: Onsite, Full-Time (5 Days a Week – No Remote Option)

Reports To: Chief Executive Officer (CEO)

Ideal Candidate: For profit behavioral health experience highly preferred with inpatient beds.

The Facility Chief Financial Officer (CFO) serves as a key member of the hospital's senior leadership team and partners closely with the Chief Executive Officer (CEO) to drive the facility's financial and operational success. The CFO is responsible for all aspects of financial management including accounting, budgeting, auditing, revenue cycle management, and reporting in accordance our corporate policies and standards.

This position requires a hands-on financial leader who can deliver accurate financial reporting, maintain strong internal controls, drive revenue cycle efficiency, and support strategic business decisions across clinical and administrative departments.

Key Responsibilities:

• Oversee monthly financial statements, ensuring accuracy and timely submission.
• Ensure balance sheet reconciliations comply with Acadia's standards and that variances are corrected promptly.
• Prepare and submit Monthly Operating Reports, Certifications, Corporate Disclosures, and Forecasts.
• Maintain internal controls to ensure clean audits with no material adjustments or deficiencies.
• Lead the Revenue Cycle operations to optimize cash collection, minimize bad debt, and improve AR performance.
• Ensure 100% insurance verification and financial counseling accuracy for all patients.
• Maintain working knowledge of federal, state, and managed care reimbursement methodologies.
• Supervise Accounting, Patient Accounting, HIM, and Materials Management teams, ensuring proper staffing and training.
• Monitor purchasing compliance with Group Purchasing contracts to control supply costs.
• Develop, present, and monitor annual operating and capital budgets; perform variance analysis and corrective actions as needed.
• Provide financial leadership and training to department managers to ensure budget adherence.
• Conduct financial feasibility studies and pro-formas for new services or capital projects.
• Partner with the CEO in strategic and operational planning, including staffing productivity goals.
• Support managed care contracting and business development to maximize net revenue.
• Stay abreast of healthcare finance trends, policies, and compliance standards to ensure the facility's readiness and compliance.
• Lead with ethics, integrity, and a high degree of emotional intelligence, building trust among peers and subordinates.

Education Requirements:

• Required: Bachelor's degree in Accounting, Finance, or Business Administration.
• Preferred: Master's degree (MBA, MHA, or related field).

Experience Requirements:

• Minimum: 3 years of successful CFO experience in a healthcare setting or completion of Acadia's CFO-in-Training Program.
• Preferred:
  • Behavioral health or psychiatric hospital experience.
  • For-profit healthcare system experience.
  • Prior leadership overseeing multi-departmental financial operations.

Licenses / Certifications:

• CPA
• Advanced proficiency with Microsoft Excel and Word required.

Core Skills & Competencies:

• Month-End Close and Expense Management (Required).
• Financial reporting and analysis.
• Strategic planning and forecasting.
• Budget preparation and variance analysis.
• Revenue cycle management and AR optimization.
• Cost control and purchasing oversight.
• Managed care reimbursement expertise.
• Leadership and team development.
• Strong communication and interpersonal skills.
• Ethical decision-making and confidentiality handling.
• Ability to manage multiple projects in fast-paced environments.

Recruiter Submission Template:

Full Name:

Degree / University & Year of Completion:

Master's Degree (Yes/No – Specify):

CPA Certification:

Do you have at least 5 years of finance leadership experience in a healthcare setting?
Do you have inpatient behavioral health experience?
Do you have direct experience with month end close and expense management?

Total Years of CFO or Equivalent Experience in Healthcare:

Experience with For-Profit Healthcare Systems (Yes/No – Details):

Experience Leading Month-End Close & Expense Management (Yes/No – Details):

Experience Managing Revenue Cycle / AR Operations (Yes/No – Details):

Experience in Budgeting, Forecasting & Variance Analysis (Yes/No – Details):

Experience Overseeing Accounting, Patient Accounting, and HIM Teams (Yes/No – Details):

Experience with GAAP Compliance / Internal Controls / Audit Prep (Yes/No):

Experience in Managed Care Reimbursement & Cost Reporting:

Experience in Financial Planning & Business Development (Yes/No – Details):

Experience in Capital Budgeting / Pro-forma Development (Yes/No):

Software Skills (Excel, ERP, Financial Systems – Specify):

Leadership & Team Development Experience (Yes/No – Details):

Experience in Multi-Facility / Corporate Healthcare Environments (Yes/No):

Motivation / Reason for Interest in this Role:

Ability to Work Onsite 5 Days per Week (Yes/No):

Contact Number:

Email ID:

LinkedIn Profile URL:

Notice Period (Weeks):

Current Work Authorization (U.S. Citizen / Green Card / Visa – Specify):

Expected Salary:

Are you ready to relocate on your own expenses and work Conway, AR | Fayetteville, AR | Saint Charles, MO | Kennett Square, PA | Germantown, TN | Chicago, IL | Allenwood, PA | Denver, CO | Henderson, NV / Commute? Please specify: