Medical Hospital

MAXWELL A. OWENS, MBA, FHFMA, FACHE

**** ********* **. **** ******, TX 77642 CELL 954-***-****

********@*******.***

CHIEF FINANCIAL OFFICER

Strategic Planning & Execution / For-Profit & Non-Profit Revenue Enhancement / Turnaround & Growth Situations

Highly accomplished CFO with 20+ years of experience increasing profits and positive cash flow within for-profit and non-

profit organizations. Demonstrated success in cost management, budgeting, business/partnership development, and

performance measurement. Innate ability to improve EBITDA margin including $13M at 400 bed for-profit facility and $5M

at 195 bed for-profit system. Turned around for-profit hospital from $200K monthly loss to $500K monthly gain within 7

months. Won CFO of the Year at Tenet Healthcare and Summit Health, Ltd.

CORE QUALIFICATIONS

Leadership & Mentoring Healthcare Operations Streamlining Physician Relations & Coding

Mergers & Acquisitions Health Information Management Revenue Cycle Management

Business Development Cost Control & Revenue Generation Performance Improvement

EDUCATION

MASTER OF BUSINESS ADMINISTRATION, CALIFORNIA COAST UNIVERSITY, Santa Ana, CA.

BACHELOR OF SCIENCE, BUSINESS ADMINISTRATION, LA SIERRA UNIVERSITY, Riverside, CA.

PROFESSIONAL EXPERIENCE

TRINITY HEALTH SYSTEM 2012- AUG 2013

Trinity Health is a large nonprofit system in a turnaround effort

416 Bed acute hospital, 292 bed nursing home, 25 Bed Critical Access Hospital 2 retail pharmacies, 195 provider medical

group, Home Health and Hospice Services. This is a sole community provider in north western North Dakota. Annual Net

Revenues of $400,000,000 and projected Net Income of $12,000,000. Improved EBITDA by $5.8 Million and Cash on the

balance sheet by $18.0m Million in FY 2013. ( Position assignment was completed August 2013)

INTERIM CFO

PERFORMANCE IMPROVEMENT PROJECT LEADER –

o REVENUE CYCLE

o LABOR MANAGEMENT SYSTEM

o CASE MANAGEMENT FUNCTION

o PHYSICIAN NETWORK OPERATIONS

PROVIDED FINANCIAL LEADERSHIP

ROUNDED ON ALL DIRECT REPORTS EVERY DAY.

CONVERTED BILLING SYSTEMS FROM CERNER TO MCKESSON FOR HOSPITAL, AND ALLSCRIPTS FOR PHYSICIAN NETWORK

INDEPENDENT CONTRACTOR MORRISTOWN, TN. 2012 - 2012

WORKING WITH RAO CPA FIRM DURING TRANSITION PERIOD.

MORRISTOWN HAMBLEN HEALTHCARE SYSTEM, Morristown, TN. 2009 – 2011

Continued

MAXWELL A. OWENS, MBA, FHFMA, FACHE Page 2 of 2

167 bed not-for-profit healthcare system generating $96M in net revenue with 950 associates serving 7 counties surrounding Morristown,

TN. (Position eliminated after merger with a larger Not for profit System)

CHIEF FINANCIAL OFFICER / VICE PRESIDENT

Recruited during merger negotiations and served as key player on Planning Committee developing and reviewing options

for merger candidates. Managed 6 Physician practices, 3 Clinics, Hospital program, and freestanding Surgery Center,

majority owned by Health systems, minority owned by physicians. Conducted due diligence for merger in collaboration

with outside attorneys for Attorney General and Federal Trade Commission review to gain approval. Completed merger

and continued to direct operations until completion of hospital conversion.

Selected Achievements:

Increased operating margin from 1.7% to 2.9% in addition days cash on hand from 109 to 135 during merger

discussions.

Turned $90K monthly operating loss to $10K monthly operating gain within 18 months of tenure at majority owned

surgery center. Led implementation of 32 new applications on McKesson platform.

Led startup of Wound Care and Hyperbaric Medicine Centers. Streamlined process for patient and hospital to review

and approve Charity Care Policies.

Launched Up Front Cash Deposit program that started at $0.00 and grew to $20K in 3 months.

THE MEDICAL CENTER OF SOUTHEAST TEXAS, Iasis Healthcare, Port Arthur, TX. 2006 – 2009

224 bed for-profit hospital generating $130M in net revenues with 800 employees.

CHIEF FINANCIAL OFFICER / CHIEF OPERATING OFFICER

Managed hospital operations with 16 direct reports and 350 full time employees, including non-traditional Finance

departments such as Lab, Radiology, Physician Practices, Psychiatric Day Program, Wound Care, and Hyperbaric

Medicine Clinic.

Selected Achievements:

Generated 21.3% operating margin and positive cash flow of $2.5M per month for partnership distributions.

Acquired free standing Surgery Center. Paid for purchase within 4 months of operation. Completed due diligence for

free standing Radiation Oncology program preparing documents for acquisition approval.

Developed and implemented $12M annual operating improvement plan. Negotiated Anesthesia contract retaining

existing providers. Forced creation of group and incorporation of additional coverage.

NEA MEDICAL CENTER, Triad Healthcare, Jonesboro, AR. 2004 – 2006

104 bed for-profit hospital generating $84M in net revenue.

CHIEF FINANCIAL OFFICER / CHIEF OPERATING OFFICER

Led financial and hospital operations driving growth, profitability, cost control, and strategic partnerships.

Selected Achievements: (Hospital was sold)

Generated 28% increase in admissions within 1 year by collaborating with physician partners.

Implemented $700K per month turnaround in 7 months via creation of Process Improvement Committee

encompassing physician partners to improve hospital financial performance.

DOCTORS HOSPITAL OF METAIRIE, TENET HEALTHCARE, Metairie, LA. 2003 – 2004

112 bed for-profit hospital generating $60M in net revenue serving the local community.

CHIEF FINANCIAL OFFICER

Notified 2 weeks into tenure of intended sale by Tenet Healthcare. Assisted with presentations to potential buyers and

continued to direct hospital operations. Turned around operating loss of $250K to gain of $350K in 3 months. Operated

hospital with assistance from Chief Nursing Officer – CEO had been reassigned . (Hospital Sold)

MAXWELL A. OWENS, MBA, FHFMA, FACHE Page 3 of 3

NORTH BROWARD MEDICAL CENTER, Pompano Beach, FL. 2001 – 2003

419 bed not-for-profit district hospital generating $220M in net revenue.

CHIEF FINANCIAL OFFICER

First hospital level CFO. Led decentralization of accounting functions and transition to hospitals per Board of Directors

request. Initiative ultimately reversed within 18 months of implementation.

NORTHWEST TEXAS HEALTHCARE SYSTEM, UHS, Amarillo, TX. 1999 – 2001

394 bed for-profit hospital generating $210M in net revenue with 1,850 employees.

CHIEF FINANCIAL OFFICER

Reduced implant costs $1.4M annually in collaboration with Orthopedic Surgeon and 12 Cardiologists. Improved clinic

performance $1M annually via strategic cost reduction and process improvement initiatives.

TENET HEALTHCARE 1996 - 1999 AND 2003 - 2004

CENTINELA HOSPITAL MEDICAL CENTER, TENET HEALTH, Los Angeles, CA. 1997 – 1999

400 bed for-profit hospital generating $140M in net revenues with 1,250 employees.

CHIEF FINANCIAL OFFICER

Improved bottom line performance by $13M in first year. Key player in changing culture from not-for-profit to for-

profit. Established guidelines that led to outstanding performance via departmental ownership strategies.

CHIEF FINANCIAL OFFICER, TENET HEALTHCARE, CENTURY CITY HOSPITAL, Century City, CA. 1996-1997

Prior tenures included:

CHIEF FINANCIAL OFFICER/VICE PRESIDENT, UCLA SANTA MONICA MEDICAL CENTER, Santa Monica, CA.

SUMMIT HEALTH, LTD.,

CHIEF FINANCIAL OFFICER, MIDWAY HOSPITAL MEDICAL CENTER, Los Angeles, CA.

CHIEF FINANCIAL OFFICER/TREASURER, FRENCH HOSPITAL MEDICAL CENTER/VALLEY HOSPITAL MEDICAL CENTER, San Luis Obispo,

CA

CREDENTIALS

FELLOW OF THE AMERICAN COLLEGE OF HEALTHCARE EXECUTIVES (FACHE)

FELLOW OF HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION (FHFMA)

Contact this candidate