Chief Financial Officer - Valley Hospital

About Valley Hospital

Valley Hospital is a private 122 bed psychiatric hospital specializing in mental health care and chemical dependency. Valley Hospital is built on three core principles: outstanding care, compassionate people and unparalleled service. Our professional team is dedicated to providing the most effective treatment possible for restored health.

Responsibilities

• Monitors and controls accounts receivables; closely oversees Business Office functions to ensure cash collection goals are met and net revenue is properly stated.
• Facilitates weekly A/R meeting with CEO and Business Office Manager to communicate results and monitor areas of weakness.
• Monitors and affects as needed the relationship between Business Office, Intake and Utilization Review departments to maximize patient revenue.
• Improves the profitability of the hospital by continually monitoring costs in all areas, especially staffing as it relates to patient volume.
• Continually monitors payor mix and length of stay to maximize reimbursement.
• Assists in negotiation of contract terms with third party payers.
• Prepares pro-forma analysis of new programs, contracts, etc. to determine estimated outcome.
• Monitors and evaluates success/failure of implemented programs including physician arrangements.
• Develops and monitors policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced hospital operating costs, and increased revenues.
• Prepares monthly financial statements, financial packages, and other informational reports/analyses.
• Through account analysis, variance analysis, journal entries, and internal controls, prepares detailed financial statements to accurately reflect the monthly operating results.
• Provides reconciliations, account analyses, and other information for Reimbursement Department, Tax Department, Auditors, etc., to aid in preparation of reports.
• Prepares annual budget in conjunction with UHS standards.
• Reviews prior financial results and discusses anticipated changes to highlight future needs and trends of the facility.
• Performs other duties as assigned/required.

Qualifications

• Minimum of 5 years of experience in a financial leadership role in a healthcare setting.
• Minimum education requirement of a bachelor's degree; Master's degree preferred.
• Must possess a working knowledge of hospital financial operations, federal and local tax regulations.
• Knowledge of all business office, accounting, payroll and other administrative office operations including all processes from registration through discharge.
• Must be skilled at interpreting financial analysis and performance information.
• Skilled at preparing schedules and reports, using source data and compiling reports from others' schedules.
• Skilled at using electronic spreadsheets and ability to manipulate data within proprietary and acquired databases.
• 2% Travel.