Group Chief Financial Officer | Summit Healthcare Mgmt | Nashville, Tennessee
About the Job:PURPOSE STATEMENT:
The Group CFO is an integral part of the company's senior leadership team and expected to participate in the financial and functional decision-making processes necessary for the successful attainment of the operational and financial goals. The Group CFO will play a key role in directing the analysis and interpretation of financial information of the divisions and all related activities; supports the completion of strong business plans and budgets; evaluates alternative courses of action and ensures that the revenue cycle operations are performed at a high level.
Roles and Responsibilities:ESSENTIAL FUNCTIONS:- Serves as a senior value-creation leader for the portfolio, partnering closely with the Operations Group President, executive leadership, and private equity sponsors to drive EBITDA growth, cash flow, and return on invested capital.
- Translates operational performance into clear, decision-ready financial insights for sponsors, including performance drivers, risks, and opportunities across divisions and facilities.
- Supports sponsor reporting requirements, including timely, accurate, and transparent financial packages, forecasts, and variance explanations.
- Provides enterprise-level financial leadership across assigned divisions and facilities, ensuring consistency, scalability, and financial discipline across the platform.
- Maintains regular on-site engagement with facilities to assess financial operations, reinforce performance expectations, identify improvement opportunities, and ensure alignment with platform value-creation initiatives.
- Functions as a strategic financial advisor to Facility CEOs and Division Presidents, balancing local execution with enterprise financial objectives.
- Builds, leads, and continuously strengthens a high-performing finance organization capable of supporting rapid growth, operational complexity, and sponsor expectations.
- Ensures each division is supported by a qualified and effective Division CFO; participate in the recruitment, development, and retention of Division and Facility CFOs.
- Establishes clear performance expectations and accountability for finance leaders, including coaching, corrective actions, and performance improvement plans as required.
- Develops finance talent and succession depth to support scalability and continuity.
- Oversees the accuracy, timeliness, and integrity of monthly financial statements, forecasts, and management reporting for assigned divisions and facilities.
- Ensures disciplined month-end close processes and forecasting rigor that support predictable performance and initiative-taking decision-making.
- Leads preparation for and participation in Monthly Operating Reviews with executive leadership and sponsors, clearly articulating performance trends, risks, and corrective actions.
- Ensures all corporate and sponsor-required reports, certifications, and disclosures are completed accurately and on schedule.
- Maintains a strong internal control environment and consistent application of corporate accounting and business office policies across the platform.
- Always ensures audit readiness, supporting clean audits with no material weaknesses, deficiencies, or unplanned adjustments.
- Partners with Internal Audit, Corporate Finance, and external auditors to remediate findings and continuously strengthen financial governance.
- Provides strategic oversight of revenue cycle operations to maximize cash collections, minimize uncompensated care, and improve working capital performance.
- Routinely reviews revenue cycle KPIs and trends to identify and address risks impacting EBITDA and cash flow.
- Ensures Division and Facility CFOs maintain deep expertise in federal, state, and managed care reimbursement methodologies relevant to behavioral healthcare.
- Oversees accurate revenue recognition, contractual allowance estimation, and preparation of required cost reports and supplemental reimbursement documentation.
- Oversees the annual operating budget and long-range planning processes, ensuring alignment with sponsor value-creation plans and operational priorities.
- Reviews budgets and forecasts for accuracy, sustainability, and EBITDA impact; provides ongoing variance analysis and support leadership in executing corrective actions.
- Oversees capital budgeting and capital request processes, ensuring disciplined deployment of capital aligned with ROI expectations and sponsor priorities.
- Ensures accurate capitalization and depreciation of assets in accordance with company policy and accounting standards.
- Supports new service development, de novo expansion, and growth initiatives through financial modeling, pro formas, and investment return analysis.
- Partners with facility and division leadership to ensure staffing models, productivity benchmarks, and labor strategies support margin improvement and operational scalability.
- Provides financial insight to support cost management initiatives while maintaining quality and compliance standards.
- Reviews managed care contracting strategies and business development initiatives to support net revenue optimization and margin sustainability.
- Ensures compliance with Group Purchasing Organization (GPO) contracts and purchasing discipline.
- Supports M&A integration, operational scaling, and platform standardization initiatives as required.
- Maintains current knowledge of behavioral healthcare industry trends, regulatory changes, reimbursement dynamics, and market risks to ensure initiative-taking preparedness.
Leadership Functions:- Identifies and prioritizes issues of importance, including those priority issues as set by leadership. Collaborates with department leaders and corporate executive leaders, as needed.
- Communicates instructions, expectations, and timelines clearly and concisely.
- Manage staff scheduling to maintain productivity levels, curtailing unnecessary overtime and/or excessive staff work hours.
- Maintains accountability expectations for self and staff in all areas of performance.
- Engages staff in quality and safety basics to ensure sustained, measurable compliance.
- Identifies staff educational needs and ensures they are addressed with education programs that are attended by staff.
- Holds staff accountable for non-compliance and safety concerns, as well as attendance, following policies, behavior, and adherence to the code of conduct.
EDUCATION/EXPERIENCE/SKILL REQUIREMENTS: - Bachelor's degree in accounting or business discipline with significant financial concentration required; master's degree preferred.
- Nine or more years of progressive successful CFO experience in a healthcare setting.
- Two years previous Division CFO or company Group CFO experience required.
- Previous Behavioral healthcare experience highly preferred.
- Previous experience with a proprietary healthcare system highly preferred.
- Proven financial analysis skills and strong technical accounting and finance skills.
- Experience working with information technology and proficiency with software packages including Excel and Word.
LICENSES/DESIGNATIONS/CERTIFICATIONS:CPA preferred.
WORK LOCATION:This role can be remote with regularly scheduled visits to the Franklin, TN headquarters.
SUPERVISORY REQUIREMENTS: Five or more years of management experience in healthcare setting are required.
