Financial and Administrative Executive - revenue and profit growth, strategic planning and execution, team leadership and mentoring, forecasting and budgeting, creative problem solving, high ethical standards, bad debt reduction experience, financial controls and reporting, general management, and operating efficiencies. |
Accomplished Financial and Administrative Healthcare Executive seeking a new challenge serving as a Member of the Board of Directors or as a Senior Level Executive.
As a Financial Officer, I was responsible for forecasting, budgeting, and financial (P&L) statement analysis. Two primary functions of this role were to identify and turn around negative financial trends with the least disruption to the workforce and morale of the organization, and to predict future trends and financial outcomes. I drove performance metrics, process improvements, and cost reductions that improved shareholder value.
As an Administrative Officer, I was responsible for leading multidisciplinary teams to solve complex business challenges and for standardizing administrative functions across the operating divisions. I acted as a liaison between the Executive Committee and the operating divisions and was a member of the company’s Operating Committee. I was known for my ability to forge solid relationships and build consensus across multiple organizational levels. I was hand-picked by LabCorp’s Executive Committee to serve on the Strategic Planning Committee, which was established to guide the company’s success through 2010.
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AREAS OF EXPERTISE
▪ Revenue & Profit Growth ▪ Creative Problem Solving ▪ General Management
▪ Strategic Planning & Execution ▪ High Ethical Standards ▪ Operating Efficiencies
▪ Team Leadership and Mentoring ▪ Debt Reduction Expertise ▪ Contract Negotiation
▪ Forecasting & Budgeting ▪ Financial Controls & Reporting ▪ Organizational Development
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PROFESSIONAL EXPERIENCE
LABORATORY CORPORATION OF AMERICA HOLDINGS 1991-2006
LabCorp has approximately 24,000 employees and offers a broad range of genomic/esoteric tests. Listed under the ticker symbol LH on the New York Stock Exchange (NYSE), LabCorp tests more than 370,000 specimens daily for over 220,000 clients nationwide.
VICE PRESIDENT, FINANCE & ADMINISTRATION, HQ, Burlington, NC (2002-2006)
Responsible for financial reporting and project management for all operating divisions with annual revenues of $3.3 billion. Served as the liaison between the Executive Committee and Operations.
• Transferred back to Corporate in recognition of my performance in the South Division to oversee the financial reporting and administrative functions for all operating divisions.
• Co-chaired a model project team that reduced bad debt from 11% to 5% adding some $100M in profit.
• Selected by the Executive Committee to be a member of the Strategic Planning Committee to develop the strategic plan that would guide the Company’s future success through 2010.
• Member of the company’s Operating Committee.
• Managed monthly, rolling, and year-end forecasting and annual budgeting for all operating divisions.
• Standardized finance and administrative functions and tasks across all operating divisions.
• Responsible for identifying and reversing negative financial trends with the least disruption to the workforce and morale of the organization.
• Managed the financial tracking and synergy plans of large acquisitions.
• Led team that developed and implemented Pricing Management System that significantly increased price
per test.
• Led team that developed and implemented labor management system allowing improved management of labor dollars and headcount.
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VICE PRESIDENT, FINANCE & ADMINISTRATION, Birmingham, AL (2001-2002)
Promoted to full Vice President due to my success as an Associate Vice President.
• Led team that reduced the South Division’s bad debt rate from over 14% to 6% (annualized savings of $8.5M) and Days Sales Outstanding (DSO) from 83 days to a low of 51 days.
• Recipient of the 2000 Chairman’s Award for making a specific, unique contribution to the success of the company.
ASSOCIATE VICE PRESIDENT, FINANCE & ADMINISTRATION, Birmingham, AL (1997-2001)
Member of the South Division’s Executive Committee. Managed budgeting and forecasting for the South Division. Managed billing, compliance, contracts, leases, and pricing departments. Acted as liaison between the corporate office and the division for financial and administrative matters.
• Discovered and corrected programming problem in the billing system that was systematically reducing revenues by $3.2M annually.
• Selected as one of Birmingham’s “Top 40 Under 40” by the Birmingham Business Journal.
• Made recommendations for changes that improved the division’s profitability, turning underperforming division into a division that consistently exceeded its expectations.
MANAGER, BUDGETING & FINANCIAL REPORTING, Burlington, NC (1996-1997)
Managed budgeting and forecasting for the South Atlantic Division.
• Reviewed, analyzed, and provided detailed interpretation of monthly divisional operating results to provide a basis for management planning, operating decisions, and performance appraisal.
• Prepared, consolidated, and distributed regional profit and loss statements.
• Managed divisional billing functions; responsible for the identification and resolution of divisional billing issues.
REVENUE AND BILLING ANALYST, Burlington,, NC (1995- 1996)
Performed financial analyses to determine financial impacts and identify revenue opportunities with respect to third party (private insurance) billing.
• Developed policies and analyses to monitor billing problems and procedures.
• Interacted with insurance carrier representatives to determine medical review policies and resolve billing problems.
SENIOR HUMAN RESOURCE ADMINISTRATOR, Burlington, NC (1994-1995)
Planned, organized, and monitored workflow and resolved problems of the department with respect to all company sponsored benefits. Supervised a professional staff of eight.
HEALTH BENEFITS ANALYST/AUDITOR, Burlington, NC (1991-1995)
Directed the financial tracking and reporting of health benefits plan costs. Monitored, researched, and alerted senior management of aberrant trends and exceptional health care costs for a variety of plans.
• Developed and performed analyses that saved the company over $1 million (annually) in HMO premiums.
• Recipient of “ Laboratorian of the Year Award” (peer recognition award), April 1993
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PRUDENTIAL INSURANCE COMPANY 1985-1991
Wood bridge, NJ; Toms River, NJ; High Point, NC
Aetna acquired Prudential Healthcare
MANUFACTURERS HANOVER HEALTH CARE COORDINATOR (1985-1986)
CLAIM ADVISOR (1986- 1988)
ASSISTANT CLAIM CONSULTANT (1988- 1991)
Hired on temporary basis to implement pilot program for a large client. Placed on an individualized fast-track program due to the success of the pilot. Achieved record of rapid advancement through all levels of the claims adjudication process. Managed claims processing units and numerous employer health benefit plans.
EDUCATION
Elon University, Elon, North Carolina
Master’s Degree in Business Administration, GPA 3.92
Ursinus College, Collegeville, PA
Bachelor of Science Degree in Psychology; Minor in Biology, GPA 3.3
Dean’s List, Presidential Scholarship, Varsity Swimmer, Officer Phi Alpha Psi Sor |
