PROFILE: Currently employed with successively increasing responsibilities.
As Executive V.P. and CFO in multi-billion dollar insurance company, led initiatives to improve efficiency and decision-making. Upgraded financial systems and introduced sophisticated new forecasting tools, thereby improving strategic planning and supporting rapid sales growth. Redesigned finance department reducing size by 25%. Recovered $15 million in old accounts and generated $2.0 million in profits through planning activities. Obtain rating upgrades.
Previously, an Executive V.P. and CFO for top-rated multi-billion dollar integrated healthcare system with the complete continuum of care: multiple hospitals, HMOs, physician clinics, etc. Also handled all managed care contracting for multiple hospitals and physician clinics. Handled complex M&A transactions and startup activities.
Worked 16 years in Big 4 public accounting and consulting both as managing partner and client service partner. Promoted in 10 short years, which is considered record time to partnership.
PRESENT EMPLOYER (CURRENTLY EMPLOYED)---5+ YEARS
LIFE AND HEALTH INSURANCE COMPANY – Multi-billion dollar organization providing individual and group life, health, and related insurance products.
EXECUTIVE VICE PRESIDENT AND CFO – CFO role with overall responsibility finance, planning, tax, M&A, and internal audit. Also, operational responsibility for actuarial, reinsurance, product development and customer service and call center. Report to CEO and serve on five subsidiary boards.
* Upgraded financial systems and introduced sophisticated new forecasting tools, thereby improving strategic planning and decision-making. Redesigned finance department reducing size by 25%. Recovered $15 million in old accounts and generated $2.0 million in profits through planning activities.
* Key leader in activities from which the company tripled sales, while reducing expenses and headcount. Managed people and processes from which group business doubled revenue in one year. Led cost reduction initiatives, saving $4 million. Obtained rating upgrade.
* Key player in the launch of a new business line, generating $27 million in sales in one year. Oversaw the product development department, launching unique new products to meet market needs.
* Reengineered back office areas, improving processes within 98% of time standard. Redesigned processes and reduced inefficiencies, consolidated departments, and eliminated large underwriting and claims backlogs caused by rapid growth. Nationally recruited key positions, building successful teams.
This company is a possible MERGER/ACQUISITION TARGET given the rapid consolidation within this industry. I am happy within the organization. Therefore, the appeal of another company would depend on the nature of the opportunity and the developments within my current employer.
HEALTHCARE EXPERIENCE ---10 YEARS
(1) INTEGRATED HEALTHCARE SYSTEM - Top rated multi-billion dollar healthcare organization. Included a $500 million NCQA qualified HMO and multiple hospitals and physician clinics.
EXECUTIVE VICE PRESIDENT AND CFO – CFO role with operational responsibility for IT, managed care contracting and sales, purchasing, distribution, billing & collections, admitting and compliance departments. Also, finance, accounting, reimbursement, treasury, tax and internal audit. Expense budget of approx. $75 million with 500 people and five direct reports. Reported to CEO and served on HMO board.
* Active in strategic planning and large complex M&A transactions. In addition, led acquisition of a $55 million hospital and expansion of activities into new regions. Key leader in developing successful partnership saving $20 million in operational costs.
* Recruited to help integrate a newly formed entity resulting from the combination of two multi-million dollar organizations. Successfully redesigned and downsized departments across the state, improving efficiency and reducing size by 50%. Recruited and trained leaders, including two individuals who are now a CEO and my successor within this organization.
* Handled all managed care contracting, increasing revenues millions annually through successful contract renegotiations. Oversaw sales department. Saved $15 million by renegotiating IT software contracts.
(2) INTEGRATED HEALTHCARE SYSTEM - Top ranked $400 million healthcare organization. Included a $150 million NCQA qualified HMO, three hospitals (one COTH), several physician clinics, and numerous other related healthcare subsidiaries.
SENIOR VICE PRESIDENT OF CORPORATE SERVICES AND CFO – CFO role with operational responsibility for strategic planning, compliance, IT, H/R, risk management, billing & collections, admitting. Oversaw Foundation operations. Also, finance, accounting, reimbursement, treasury, tax and internal audit. Expense budget of approx. $25 million with 350 people and nine direct reports. Reported to CEO and served on HMO board.
* Key leader in strategic planning and operations from which the company tripled revenues. Developed new financial reports and key indicator scorecards, improving decision-making and resulting in $8 million in savings.
* Handled all M&A, including the purchase of three companies, the building of a $60 million hospital and the building of a physicians’ office building. Handled complex divestiture resulting in a specially awarded $50,000 bonus to me. Negotiated $65 million for expansions.
* Developed clinical cost accounting system for managed care contracting, care pathway design and physician practice assessment. Increased revenues $18 million by working with team to recruit physicians to the organization.
* Introduced and installed managed care contract review. Created managed care pricing models for hospitals and HMO.
* Reengineered business office, reducing accounts receivable backlogs, generating $10+ million. Saved $8 million through planning. Generated $15+ million through special Medicare/Medicaid filings.
* Personally developed leaders, including my successor CFO.
PUBLIC ACCOUNTING & CONSULTING ---16 YEARS
BIG 4 PUBLIC ACCOUNTING & CONSULTING COMPANY
MANAGING PARTNER & CLIENT SERVICE PARTNER (Dual Role)-- 6 YEARS
Promoted in 10 short years to managing partner of a Big 4 practice office. Led office of approximately 30 professionals with responsibility for the services rendered to a wide range of clients.
* As Client Service Partner - served a broad range of industries, including public and private companies ranging in size to multi-billion dollar organizations. Served companies for 16 years, rendering business advice that enhanced operations, competitive positioning and profitability, including:
** Insurance/Healthcare/Finance/Real Estate/Banks
** Closely-Held Cos./Industrial Services/Chemical
** Distributors/Manufacturers/Retailers/Wholesalers
* As Managing Partner - Grew the business, improved profitability, launched new product lines, improved employee productivity, reduced expenses and developed leaders for other offices within the company.
MANAGER AND STAFF--10 YEARS
EDUCATION AND CERTIFICATIONS
Executive MBA - Honors
BS in Accounting - Honors
Certified Public Accountant
Certified Valuation Analyst
PERSONAL - Married |
