LifePoint Health

Finance Director

LifePoint Health$130K — $150K *
Hospitals & Medical Centers
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in finance or accounting (CPA preferred)
  • Previous experience in healthcare financial operations and controls
  • Experience with payroll processing
  • Familiarity with in-patient psychiatric and chemical dependency hospital finance is a plus
  • Proficient in Microsoft Office applications and hospital workstation systems

Responsibilities

  • Supervise the business office staff, ensuring effective revenue cycle processes
  • Maintain effective compliance with accounting principles and regulations
  • Prepare and distribute monthly financial statements and productivity reports
  • Monitor patient accounts receivable to meet market and payer standards
  • Analyze performance goals and develop action plans with the CEO
  • Ensure monthly balance sheet account reconciliations and internal controls for audits
  • Assist with the preparation of annual operating and capital budgets

Benefits

  • Higher education and certification tuition assistance
  • Loan assistance and 401(k) retirement package with company match
  • Mental, physical, and financial wellness programs including free gym memberships
  • Ongoing professional development and career advancement opportunities
Full Job Description
JOB DESCRIPTION

Job Schedule: Full-time Monday to Friday

Compensation: $130K-$150K/yearly

Job Summary:
 Responsible for overall financial administration of the hospital, including revenue cycle, general accounting, information systems and financial reporting in accordance with all hospital and corporate policies and procedures.  Ensures that internal controls are adequate to safeguard facility assets and that accounting systems are sufficient to generate accurate and timely financial reports.  Also responsible for preparation of the annual hospital budget along with ongoing analytics monitoring any variances and reporting to CEO and corporate office. 

How you'll contribute: 
A Director of Finance who excels at this role: 

  • Supervise and oversee the activities of the business office staff (billing, collections, financial counseling, utilization review and data processing) and maintains effective revenue cycle processes to keep patient accounts receivable at an acceptable level and also increasing the hospital’s cash flow (including management of denials).
  • Ensures that company policies and procedures are effective and implemented to assure minimal risk to the facility.
  • Responsible for compliance along with generally accepted accounting principles as well as any other local, state and federal guidelines required.  
  • Will ensure accurate capturing and posting of all financial and daily accounting activity and ensures that monthly financial statements and regular productivity reports are completed and distributed on a timely basis.
  • Maintain patient accounts receivable at amounts appropriate for market, payer, and acuity mix (measured by AR days).
  • Contribute to and monitor performance goals and objectives (EBITDAR target). Analyzes variances and with CEO, develops action plans to achieve assigned targets.
  • Ensures all balance sheet accounts are reconciled on a monthly basis and systems of internal controls are in place to facilitate a clean audit opinion.
  • Typically supervises the areas of Accounting, Patient Financial Services, Purchasing, Payroll and other departments as required at the individual hospital.
  • Ensures that month-end financial closing process is completed accurately and timely; prepares financial statements and monthly operating review reports to co-present with the hospital CEO to corporate management.
  • Responsible for preparation of annual operating and capital budgets for the hospital.
  • Assists the corporate finance and accounting team in the annual independent audit preparation and process.
  • Responsible for daily, weekly and monthly reporting of operating statistics and financial metrics as scheduled and or requested.
  • All other duties assigned
  • Performs other duties as assigned.

 

What we are looking for: 

  • Education: Bachelor’s degree in finance or accounting or related field required.  CPA preferred.
  • Experience:  Previous experience in healthcare overall financial operations/controls required. 
  • Experience in payroll also required.  
  • Knowledge of in-patient psychiatric and chemical dependency hospital finance preferred. 
  • Proficient in use of Microsoft Office applications and has used computer workstation in previous roles in hospital.

 

Why join us:

We believe that investing in our employees is the first step to providing excellent patient care. In addition to your base compensation, this position also offers:

  • Financial & Career Growth: Higher education and certification tuition assistance, loan assistance and 401(k) retirement package and company match.
  • Employee Well-being: Mental, physical, and financial wellness programs (free gym memberships, virtual care appointments, mental health services and discount programs).
  • Professional Development: Ongoing learning and career advancement opportunities.

 

About LifePoint Health

LifePoint Health is a healthcare company that owns and operates hospitals and other healthcare facilities across the United States. The company was founded in 1999 and is headquartered in Brentwood, Tennessee. LifePoint Health's hospitals offer a wide range of medical services, including emergency care, surgery, cardiology, oncology, and women's health. The company is committed to providing high-quality, compassionate care to all patients, regardless of their ability to pay. LifePoint Health is also dedicated to improving the health and well-being of the communities it serves through various community outreach programs and initiatives.
Learn more about LifePoint Health
Size
46,000 employees
Industry
Founded
1999

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