Job Details Level : Senior Job Location : Peak Behavioral Health
/ SBH - El Paso - Santa Teresa, NM Position Type : Full Time
Education Level : Bachelors Degree Salary Range : Undisclosed Job
Shift : Any Job Category : Finance Description
Position Title: Facility Chief Financial Officer
Chief Executive Officer
Chief Executive Officer Approval:
LADDER: LEADERSHIP CATEGORY: NON - CLINICAL
Reporting to the CEO and a member of the senior management team,
the Chief Financial Officer provides financial leadership in
support of the organizations long-term strategic plans, goals and
operating objectives. In conjunction with SBHs standards,
facilitates the annual budgeting process with management
collaboration. Closely supervises payer contracting (renegotiations
when indicated), account receivables, operating cost and timely
preparation of accounting reporting processes as well as monthly
close. Establishes and ensures internal controls to account for and
present financial reports within General Accepted Principles of
Accounting as well as SBH managerial accounting guidelines.
Identifies, selects, mentors and supervises assigned financial
personnel within established human resource policies. Conducts self
and directs others in a prudent manner with financial resources
along with attentiveness to applicable laws and compliance
Education / Licensure:
Candidate will possess an accredited bachelors degree in
accounting, finance or a related business discipline with
significant financial concentration. Ten plus years of progressive
healthcare financial experience is highly desirable. A Certified
Public Accountant and/or active professional membership in
Healthcare Financial Management Association may be complimentary to
aspects of the position.
A minimum of five (5) years upper financial management
experience (CFO, Controller, or Director of Business Office) in a
similar size facility and payer mix is required. Those hired
without prerequisite experience must complete a formal SBH CFO in
Training program and participate in a 12 18 month formal
1) Must approach responsibilities as a self-directed
professional and strong results orientation; 2) Computer
proficiency in Excel and related accounting programs; 3) Possesses
solid business acumen with keen negotiation skills; 4) Management
report development to analyze and guide decision-making processes;
5) Professional communication in person and in writing.
Candidate possesses an understanding of various funding streams
and reimbursement requirements within behavioral healthcare.
AGES and POPULATIONS SERVED
SBH provides access and services to all persons meeting
admission and continuing stay criteria without regards to race,
color, religion, sex, sexual orientation, age, marital status,
national origin, military status, veteran status, medical status,
handicap or mental/physical disability. Our patient population
reflects the fullest diversity of the community in which we serve.
All staff are to conduct themselves with respect and consideration
for others, and to appropriately intervene in situations below this
ESSENTIAL JOB FUNCTION AND RESPONSIBILITIES
- Prepares annual operating budget and participates in the annual
strategic planning process which serves as a basis for the budget.
Provides ongoing analysis of variances from budget and assists the
CEO in implementing changes needed to achieve budget goals.
- Works with other members of the senior management team in
determining and prioritizing capital needs. Prepares annual capital
budgets and Fixed Asset Request (FAR) forms. Ensures assets and
related depreciation is recorded accurately and in compliance with
SBHs policies as well as generally accepted accounting
- Provides financial expertise in planning new services including
preparation of pro-formas
- Review and keep up to date contract matrix for Hospital vendors
/ physicians. This would include expiration dates and key
- Will obtain quotes as contracts come due to determine best
- Will monitor compliance with Group Purchasing contract and will
monitor purchases to ensure costs are kept to or below budgeted
levels. Will work with Home Office finance team to provide
potential contracts and potential new vendors for review and
consideration within SBHs group purchasing arrangements if
- Review and keep up to date payer contract matrix. Will manage
due dates of renewals and proactively start the negotiation process
early. Will reach out to the Home Office finance team for any input
at the appropriate time before a new contract is signed.
- Champions the AIDET approach to customer service (Acknowledge,
Introduce, Duration, Explanation and Thank-You). Models a steady
practice of AIDET throughout the customer experience. In-person and
telephone communication is consistently attentive, responsive and
- Conducts satisfaction surveys with referral sources on a
routine basis to ensure superior customer service.
- Telephones are answered by the third ring whenever possible and
a professional greeting. Dedicated extensions/mobile phones with
voice mail have a personalized greeting, and messages
retrieved/responded to in a timely manner.
- Critical customer encounters are met with advanced skills and
- Participates on administrative call rotation, and offers
assistance with operational concerns.
- Ensures that monthly financial statements are completed timely
- Ensures that all balance sheet accounts are reconciled on a
monthly basis and in compliance with SBHs policies and standards
and that any outstanding variances are identified and corrected
- Prepares corporate required reports (including the Monthly
Operating Report, Monthly Certifications, Corporate Disclosures,
and weekly projections) timely and accurately.
- Ensures all Hospital accounting and business office policies
and required internal controls are in place to facilitate a clean
audit with no material audit adjustments or deficiencies found.
Ensures that all approval processes are in place.
Operational Cost Management
- Ensures compliance with Group Purchasing contract and monitors
purchases to ensure supply costs are kept to budgeted levels.
- Provides financial leadership and guidance to facility
managers. Trains managers on financial matters and provides routine
feedback regarding department performance.
- Provides guidance and assists the CEO in ensuring facility is
staffed appropriately and that productivity goals are met. Focus on
FTE management on a daily basis to manage within prescribed
- Focused on other operating expenses to analyze and review ways
to reduce and manage costs. Ensure that expenses are recorded in
the proper period for financial reporting purposes.
- Ensures that accounts payable are processed on a timely basis
and provided to Home Office for payment in a reasonable period of
time prior to payment due dates.
- Directs the operations of the Revenue Cycle to ensure that
accounts receivable are collected timely, uncompensated care is
kept to a minimum and credit balances are timely resolved. Strives
to achieve goals for cash collections and AR days and to reduce bad
debt and denials. Is actively involved in weekly AR calls with Home
Office. Routinely reviews revenue cycle metrics to proactively
identify and address issues affecting 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.
- Ensures that procedures are being followed by Hospital
personnel to focus on up-front collections.
- Maintains a thorough working knowledge of federal, state and
managed care reimbursement methodologies to ensure that the
facility is paid accurately and revenue deductions are recorded
accurately. Facilitates preparation of data and supporting
schedules for any required cost reports.
- Participates with managed care contracting and other business
development activities to ensure net revenue maximization.
Note: The essential job functions of this position are not
limited to the duties listed above.
DEMANDS / WORK ENVIRONMENT
Environment: Work is primarily performed inside a climate
controlled environment, personal automobile or in other office
settings. Employee is expected to maintain a positive driving
record, adhere to traffic laws and avoid distractions (using mobile
phones/texting) while operating a motor vehicle. Occasional
overnight travel is required.
Sight: Vision abilities required include close vision, distance
vision, color vision, peripheral vision, depth perception and
ability to adjust focus.
Hearing: Must be able to hear and respond to others in person,
by telephone and alarms.
OSHA Category 3: Tasks involve no exposure to blood, body
fluids, tissues, and other potentially infectious materials. The
use of universal precautions, personal protective equipment,
regular hand washing, and following manufacturing guidelines can
greatly reduce any exposure risk.
Physical/Emotional: This position requires regular sitting,
stooping, standing, walking and lifting/reaching/carrying materials
up to 35 lbs. Occasionally, observes distressing psychiatric
emergencies and clinical personnel responding with approved
The above job responsibilities are representative of the
essential job functions. Upon completion of the hiring process, SBH
assumes the employee can satisfactorily perform and safely meet
these requirements. Reasonable accommodations may be made to enable
individual with disabilities to perform these essential functions.
SBH is an Equal Opportunity Employer.
I have read the above position summary and corresponding job
requirements. After review, I possess the minimum qualifications of
the job and able to satisfactorily and safely perform this
position. Further, I understand this facility operates on a 24 hour
/ 7 day a week / 365 days per year basis, thus voluntarily agree to
work hours outside of those routinely scheduled (holidays, weekends
and greater than eight hours per shift). With advance notice, SBH
may at its sole discretion adjust work assignments or changes
duties associated with this position.
Employee Signature Date Human Resources Date