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Vice President Of Finance And Chief Financial Officer Resume

Dunkirk, NY

SUMMARY:

  • Results - driven Confidential Executive with a distinguished record of executive leadership experience and achievement in Accounting, Finance, Information Systems, and Administrative positions.
  • Collaborative leader with 15 years of experience as a Chief Financial Officer in acute care hospital/multi-hospital settings for Confidential organizations ranging from $90M to over $900M in net revenue.
  • Strong analytical and organizational skills.
  • Excellent interpersonal communication skills with a strong commitment and focus on hospital operations and improved financial performance.
  • Able to orchestrate complex financial turnarounds and restore hospitals to profitability.

AREAS OF EXPERTISE:

  • Financial Turnarounds Budgetary Planning & Management
  • Strategic Financial Planning Process & Operational Improvements
  • Initiating Hospital Productivity Standards Single hospital & system owned experience
  • Executive Professional Experience

TECHNICAL SKILLS:

Confidential Systems: MediTech, SMS, Epic, Cerner

Accounting Systems: QuickBooks, Lawson, PeopleSoft, SAP, Multiview

Word Processing: Microsoft Word

Spreadsheet: Microsoft Excel, Lotus 1-2-3

Presentation: Microsoft PowerPoint

Data Access: Monarch V10.0

PROFESSIONAL EXPERIENCE:

Confidential, Dunkirk, NY

Vice President of Finance and Chief Financial Officer

Responsibilities:

  • Confidential is comprised of Confidential Hospital, a 65 bed acute care hospital, and a captive professional corporation containing employed physicians with multiple specialties
  • Lead financial improvement efforts to restore the hospital to positive cash flow and profitability.
  • Review the financial performance of all services provided and make detailed recommendations for improvement or closure.
  • Establish financial policies and procedures that enhance the credibility of all financial statements.
  • Increased operating margin by 6.8%
  • Renegotiated all major managed care contracts
  • Designed and implemented a labor productivity system & corresponding monitoring tools

Confidential, Miami, FL

Interim Vice President for Finance

Responsibilities:

  • Increased hospital cash collections by 11% in first three months
  • Replaced in-house physician billing function with outside vendor, with an net annual savings of $2.7M and increasing collection rates by 5%
  • Completed restructure of general ledger and reduced monthly closing process to 7 days
  • Redesign of internal financial statements in Lawson to more accurately report operations

Confidential, Potsdam, NY

Vice President

Responsibilities:

  • Designed and implemented a labor productivity model that reduced annual labor expenses and increased operating margins by 1.8%.
  • Implemented a cost accounting model that outlined profit and loss by department and service line and consequently generated specific plans for measurable improvements.
  • Created customized performance improvement plans and accurate financial statements for hospital-owned physician practices.
  • Identified, prioritized, and established enterprise-wide financial policies and procedures, resulting in greater consistency and significant cost savings to the hospital.

Confidential, Oakland, CA

Area Finance Officer

Responsibilities:

  • Responsible for the development of annual and multi-year forecasts of $900M of area revenue and expense.
  • Directed the analysis and oversight of performance to operational budgets including benchmarking and opportunity analysis.
  • Developed long-range capital and business plans addressing market trends and needs.
  • Planned, organized, and directed the cost-effective operations of the revenue cycle and decision support departments.
  • Established benchmarks, labor standards, and position control for the entire medical center.
  • Improved internal controls over purchasing of operational expense items and capital project spending.
  • Reduced the number of days from patient discharge to bill processing from 30+ days to 4 days.
  • Created utilization review policies and procedures resulting in a 20% reduction in length of stay for acute patients.
  • Reversed annual operating loss run rate from $8M to less than $1M in the first year.

Confidential, Chapel Hill, NC

Owner

Responsibilities:

  • Served in diverse interim executive positions and completed complex financial projects at Confidential organizations located throughout the country.

Confidential, Great Neck, NY

Interim Senior Vice President

Responsibilities:

  • Established financial policies and procedures including a detailed Confidential improvement plan.
  • Renegotiated hospital-based physician professional services contracts for the facility.
  • Played a significant leadership role in transitioning the hospitals ownership of a multi-site physician practice, saving the hospital over $1.5M.
  • Reversed annual operating loss run rate from $19M to $9M in the first six months of interim leadership.

Confidential, Coudersport, PA

Chief Financial Officer

Responsibilities:

  • Consolidated multiple patient billing systems into 1 integrated platform.
  • Introduced hospital-wide staffing and productivity standards with corresponding monitoring tools to gauge efficiencies and effectiveness.
  • Initiated regular charge description master reviews and other financial strategies that resulted in an annual increase of $200K in net revenue.
  • Reversed the hospital’s bottom line loss of $4.8M in fiscal year 2002 to a net profit of $300K in fiscal year 2004.
  • Transitioned local county contracted mental retardation and mental health services to a new vendor, preserving 90% of jobs and reducing annual expenses by more than $350K.
  • Increased average daily cash on hand balance from $136K to $1.3M in first 9 months.
  • Decreased net accounts receivables days from 60 to 37.
  • Reduced un-coded patient accounts from $1M+ to a daily par balance of $250K.

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