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Management Financial

Location:
Reading, PA
Posted:
December 05, 2014

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Resume:

Thomas Moreland

** ******** **.

Galloway, NJ ***05

acgx5u@r.postjobfree.com

484-***-****

Profile

Senior finance, accounting and operations executive with advanced experience in managing complex

multi location organizations in both times of prosperity and growth or crisis. Demonstrated ability to

partner with decentralized accounting and operations personnel to provide timely, accurate financial

reporting, and insightful business analysis regarding performance of operating units and lines of business.

Skills Overview

Strategic, Operational and Financial leadership. Past experience has included oversight of all

elements of organizational operations from establishment of initiatives to planning and

execution at both a strategic and tactical level.

Performance as Chief Financial Officer in multiple industries from deep experience with

varying types of healthcare institutions ranging from managed care to direct service

providers, current role in software and video production.

Manage all aspects of Finance from transactional execution, including collection of accounts

receivable to general ledger recording and Financial Statement preparation and presentation.

Oversight of complex information system implementations including financial and

operational systems for collections of accounts receivable.

Management of capital structure has included raising both debt and equity capital under

multiple structures and scenarios.

Preparation of SEC filings including 10-K, 10-Q, 8-K and S-1 filings. Full responsibility for

completion of filings including third party and regulatory review.

Design and implementation of planning cycles and performance of variance analysis.

Maintenance of daily treasury functionality including establishment of centralized systems,

cash forecasting analysis. Proven ability to maintain liquidity during periods of uncertainty.

Design and implementation of internal control structures and organizational infrastructures to

meet needs to growing organizations or remediation of control deficiencies to eliminate

material weaknesses. Oversight of SOX programs.

Professional Experience

Vidaroo Corporation Orlando, FL

Chairman of the Board and Chief Executive and Financial Officer 2013-present

Chief Financial Officer, Treasurer and Secretary 2008-2012

Vidaroo is a small micro-cap publicly traded video technology company that went public in October,

2008. The company provides an online video platform licensed under a Software-as-a-Service delivery

model. The development of the software model was supported by video production services and the

limited amount of capital raised during my tenure with the organization.

As Chairman and Chief Executive Officer, I am responsible for all activities of the Organization. In the

short time of my tenure as Chairman and CEO, I arranged for the sale of the company’s intellectual

property.

As Chief Financial Officer, Treasurer and Secretary, responsibilities include all administrative functions

of this startup enterprise. From the management of the capital structure and investor relations to the

establishment and maintenance of accounting and finance operations as well as oversight of legal

requirements and matters, the role has been comprehensive and hands on. The operational history of the

Company included significant redefinition of business strategy and the related operational model to

sustain operations.

• Capital strategy and execution included raising $1.5 million in debt financing and ultimately

converting it to equity at three times the market valuation of the Company.

• Operational finance requires cash management performance in managing cash inflows and

outflows during periods without access to additional capital financing.

• Maintenance of public company filings requires personal performance of all aspects of the

company financial statements, audits and SEC filings maintaining 100% compliance with SEC

requirements to continue ongoing status as a compliant filer.

• Financial difficulties necessitated the redesign and implementation of the Company’s corporate

structure to protect assets and ensure ongoing operations without interruption from potential legal claims.

• Additional duties include oversight of all legal, board and public company requirements.

PainCare Holdings, Inc., Vice President of Finance Orlando, FL 2006- 2008

PainCare Holdings was a publicly traded physician practice management company focused on the

treatment of pain related ailments through interventional pain procedures, orthopedic surgery and

rehabilitation. I was responsible for Treasury and debt/capital management, financial planning and

analysis as well as special projects and business combinations.

• Treasury management responsibilities included daily management of cash receipts and

disbursements. The treasury function was centralized through the establishment of a multi-bank setup

linking unrelated financial institutions into a single integrated system enhancing working capital.

• Financial planning included the establishment of a budget system that was previously nonexistent

at the organization. This plan was implemented and used for monthly variance reporting.

• Business combinations predominantly related to divestitures as the company disposed of certain

non-core or underperforming assets to manage its current debt load as the restructuring and movement to

managed care is completed.

• Other special projects included the centralization of certain business systems including financial

reporting, revenue and accounts receivable, and accounts payable.

Curascript/Priority Healthcare Orlando/Lake Mary, FL 2005-2006

Curascript, a division of Express Scripts, acquired Priority Healthcare in October, 2005. Curascript had

annual revenue of approximately $3 billion and provides specialty pharmacy, specialty infusion and

specialty pharmaceutical distribution services.

Curascript, Senior Director of Reimbursement: October, 2005-July 2006

This position was responsible for the cash conversion cycle of the organization including establishment of

policy and procedure, financial system maintenance and conversion, execution of billing and

reimbursement, oversight of reserve levels, and physical signoff of write-offs for all segments of

Curascript’s business.

• Ownership of the cash conversion cycle requires daily oversight of cash collection progress

including production of bills and execution of collection activities. It also includes setting of annual and

interim goals for DSO and cash collections as well as reporting on progress towards those goals.

• Oversight and leadership of over 300 full time staff necessitated ongoing management of

workloads and productivity analysis.

• Execution of billing and reimbursement requires management of over 3,000 payors, knowledge of

contractual terms, reimbursement specifications related to varying payment methodologies and

management of 10 different information system platforms.

Priority Healthcare, Vice President of Finance: January 2005 - October 2005

This position was responsible for financial planning/analysis, Internal Audit and SOX compliance,

payroll, tax, information system integration and special projects.

• Financial planning and analysis included oversight of the annual budget process and analysis of

variances to Plan on a monthly, quarterly and year to date basis by division.

• Internal audit and SOX compliance involved planning and execution of the organizations annual

audit plan which included compliance with the annual and quarterly SOX requirements.

• Oversight of the tax department included oversight of the execution of tax returns, quantification

of tax provisions and planning efforts to minimize potential exposure to tax effects.

• Information system integration related to oversight of the implementation of Priority’s Oracle

based Compass pharmacy system from a financial perspective. This implementation was to move

Priorities various acquisitions off legacy platforms to take advantage of a centralized system.

• Special projects included financial oversight for Priorities joint venture with Aetna, pricing and

negotiation of significant contract proposals and due diligence for merger and acquisition activity.

Devereux, Corporate Controller and Chief Accounting Officer Villanova, PA 1998-2004

National provider of behavioral healthcare services operating in 12 States with over $385 million in

annual revenue and 6,000 employees. As an Officer of the corporation, responsibilities included direct

oversight of financial reporting and budgeting, presentations to internal and external constituencies, and

maintenance of all systems of internal control and financial information.

• Led Devereux’s efforts related to the State of Florida’s privatization of Child Welfare services.

These efforts required financial and operational oversight of a $34 million start up operation that was

outside Devereux’s historical scope of operating activities.

• Led the finance team related to merger and acquisition activity for multiple acquisitions.

Northwestern Human Services, VP of Finance/Corporate Controller Lafayette Hill, PA 1997-1998

Provider of behavioral healthcare services with $175 million in annual revenue provided by 27

subsidiaries throughout the State of PA and Southern NJ. Responsibilities included oversight of financial

reporting, treasury management, accounts payable and payroll. Lead the organization through a crisis

management situation, including significant cash flow and internal control difficulties.

Ernst & Young LLP, Audit Senior through Manager Philadelphia, PA 1991-1997

Pannel Kerr Forster, Staff Auditor Philadelphia, PA 1989-1991

Education & Professional Development

• BSAC, University of Delaware; 1989

• CPA, Pennsylvania; License active from 1991 to 1998, inactive from 1998 to present



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