George Adams, CPA

http://www.linkedin.com/pub/george-adams/11/629/861

aco6ky@r.postjobfree.com

623-***-****

Summary of Qualifications

Chief Financial Officer with 15+ years of healthcare experience in hospitals specializing in third party

reimbursement analysis, cost reductions and operational turnaround during periods of merger and

acquisition. Financial reporting with metric comparisons to upper management and governing board.

Coordinated four computer system conversions. Extensive experience dealing with external and internal

audits delivering financial statement accuracy and integrity while insuring adequate internal controls are

in place to safeguard the assets of the company.

Accounting / IT conversion consultant, DB Healthcare (sub contractor for Dell computers) 5/14 –Present

(Consulting Role)

Upgraded accounting module from Magic to Meditech V6.15 for Adena Regional Medical Center, Chillicothe,

OH

• Coordinated correlation of all documentation including Weekly GL Control Team Meetings. Worked

closely with project manager ensuring timelines were met and tasks were completed per project plan

• Advised on programming buildout for multiple changes in accounting structure and financial reporting

for accounting team and other end users

Chief Financial Officer, White Communications LLC, Bloomfield, IA, 11/13

– 2/14

Interim Role for multistate operation of Direct TV

• Improved bottom line by $400K by transitioning to acrual based accounting, improved accuracy and

timeliness of financial reporting and implementing significant reporting enhancements.

• Provided significant reporting enhancements due to signficant growth in operation

Assistant CFO, Ottumwa Regional Health Center, Ottumwa, IA,

9/12 - 3/13

Parent hospital and three subsidiaries, 106 beds, $250 M gross revenue, 9 reports, 600 FTES

• Cost Reduction - Reduced supply expense $400K as part of compilation and analysis of annual physical

inventory for external audit and corporate management

• Computer System Conversion - converted financial reporting module from CPSI to Meditech

• Purchased 20% additional equity position in reference lab, due in part to coordinating reporting results

• Coordinated monthly and quarterly financial reporting, with metric comparisons, for nonintegrated

entities

Assistant CFO, Arizona Regional Medical Center, Mesa, AZ, 7/09 – 7/12

114 beds, $220M gross revenues, 3 direct reports, 180 FTES

• Timely Financial Statements - Updated financial statements at onset that were six months in arrears.

Developed and presented custom financial reports and statements for Board and upper management

• Third Party Reimbursement Analysis - successfully trained individuals on Contractual and Bad Debt

Reserve Analysis that included a hybrid of payors and posting contractuals at time of billing and payment

• External Audit - coordinated audit efforts with external firm. Defended client position on self-insured

benefit reserve and premise utilized in recording the contractual and bad debt reserve for net accounts

receivable

• Computer System Conversions, including a mid-month compilation, from Meditech to HMS

Accounting Software

Chief Financial Officer, Aurora Behavioral Healthcare, Glendale, AZ, 5/08 – 2/09

Two Facilities in California and Arizona, 150 beds, $120M gross revenue, 12 direct reports, 120 FTES

• Third Party Reimbursement Analysis was instrumental in reporting highest net income total since

change in ownership, a $1.2 million increase over previous year for California facility

• Cost Reduction - 30% reduction in Alternative School operating costs, achieving break-even results

Controller, Mercy Medical Center, Merced, Merced, CA 9/05 – 3/08

175 beds, $275M gross revenue, 8 direct reports, 300 FTES

• External/Internal Audits - Achieved impeccable results with no audit adjustments or management

comments for three external limited, full scope and internal audit reviews

• Maximized insurance payout ($1.2M) for sustained fire loss through meticulous operating cost disclosure

accounting

Chief Financial Officer, Colusa Regional Medical Center, Colusa, CA 8/01 – 9/05

48 beds, $50M gross revenue, 15 direct reports, 120 FTES

• Operational Turnaround - reduced net accounts receivable 25.4%, from 59 to 44 days, and cut operating

costs by $200K in first year of change in ownership

• Operational Turnaround -Increased cash flow 55% over pre-acquisition totals with new policies &

procedures

• Mergers and Acquisitions - provided comprehensive fiscal leadership through post-bankruptcy

ownership transition

• Established electronic funding of government claims, acquired automated commercial claim filing

software, and developed performance incentives for Business Office Staff

Chief Financial Officer, Tooele Valley Regional Medical Center, Tooele, UT 4/99 –12/00

122 Beds, $130M gross revenue, 14 direct reports, 130 FTES

• Third Party Reimbursement-Instrumental in increasing net revenue by 17% over prior year through Charge

Master enhancement, Global Pricing for ER, Anesthesia, OR services, coding review and price increases where it was

deemed warranted

• Operational Turnaround-Reduced Bad Debt Expense compared to prior year by 39% due to focused collection

effort, outsourcing on contingency basis for active accounts where needed, accuracy of admitting data, contract

compliance and enhancement, and periodic review of accounts by CFO.

• Operational Turnaround-Attained $3.8 Million in Earnings before Depreciation, Interest, Taxes and

Amortization during first years of management after acquisition from County Hospital District due to dynamic growth

in volumes, net revenue and a tighter monitor on various operating expenses.

“George is a very competent and conscientious professional. I found his accounting, finance and analysis

work to be very good.”

Dale A. Kirby, FACHE

Former CEO, Colusa Regional Medical Center

Education

Bachelors of Science, emphasis in Accounting, California State University, Sacramento

CPA, Texas State Board of Public Accountancy

Community Service / Affiliations

Rotary International, Presidential nominee for Merced Chapter 2002-2008

California Chapter of HFMA

California Rural Health Association

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