Medical Management
Resume:
David A. Busatti
Hutchinson, KS 67502
Home - 620-***-****
Cell - 316-***-****
Email: ********@*****.***
Education
West Virginia University, Morgantown, WV 26505.
Bachelor of Science in Business Administration - Accounting and Finance with a minor in Economics. August 1980 - December 1984.
Additional Training
- Gallup Leadership Training Program (August 2000)
- Human Performance Institute Training Program (formerly LGE Systems) – Orlando, FL (April 2006).
Executive Summary
Seasoned executive with over twenty-three years of progressive experience in the areas of:
Business Development
Strategic Planning
Hospital Turnarounds / Operational Restructuring
Operating Efficiencies / Cost Containment
•Revenue Cycle Management
•Net Revenue Enhancement
•Labor Productivity
•Supply Chain Cost Reduction
Community Service and Relations
Employee, Physician, and Stakeholder Relations
Government Relations
Merger, Consolidation and Acquisitions
Regulatory Matters and Compliance
Joint Venture Formation and Management
Pro-Forma Analysis
Contract Negotiation and Development
Capital Asset Planning and Management
Treasury
PROFESSIONAL EXPERIENCE
Chief Financial Officer, Promise Regional Medical Center
1701 E 23rd Avenue, Hutchinson, KS 67502 / 620-***-**** 2009 - 2011
A 222 bed not for profit regional medical center with 1,000 employees and $12.4 million in EBIDA.
•Played a pivotal role in moving the facility from “junk bond” status to BBB- investment grade rating in the first 12 months
•Completed construction of a $5.2M state of the art Technology Center and a $3.5M Cath Lab expansion (internally funded $15.7 M in capital projects)
•Established a consistent reporting and budget system and key dashboards for senior and mid-level managers
•Completed a reporting structure for cost reduction and avoidance of cost escalation
•Improvement in most key operating indicators (Net Days in A/R from 58 to 44, Days Cash on Hand from 141 to 175, Supplies % of Net Revenue from 24.1% to 19.4%, EBIDA from $7.1M in FY 09 to $12.4 in FY 10)
Chief Financial Officer, HCA Wesley Medical Center
550 North Hillside, Wichita, KS 67214 / 316-***-**** 2002 - 2009
A 760 bed regional medical center with 2,300 employees and $95.1 million in EBITDA
•Implemented cost savings initiatives - realized $12.1M in expense reductions in FY 08
•Participated as a voting member of the State Medicaid Funding Committee that developed a hospital tax to generate an additional $83M in funding for Kansas hospitals – Medicaid net revenue increase of $6.5M for Wesley Medical Center
•Restoration of Graduate Medical Education funding ($2.5M annually)
•Conversion of Materials Management and Business Office functions to centralized service centers
Chief Financial Officer, HCA Columbia Hospital
2201 45th Street, West Palm Beach, FL 33407/ 561-***-**** 1999 - 2002
A 240 bed medical center with 1,000 employees and $8.5 million in EBITDA
•Re-certification of the Medicare Psych program (additional $2M in Medicare funding)
•Implementation of hospital wide centralized scheduling system
•Standardization of month close process and balance sheet reviews to ensure revenue integrity
•Extensive involvement in the rollout of Press-Gainey satisfaction programs
Chief Financial Officer, HCA Doctors Hospital of Tulsa, Specialty Hospital
2323 South Harvard Avenue, Tulsa, OK 74114 (facility closed) 1997 - 1999
A 209 bed (+60 LTAC) medical center with 700 employees and $4.2 million in EBITDA
•Assisted in the construction of a new facility (Southcrest Hospital) as a 50/50 partnership with Hillcrest Healthcare System
•Completed due diligence for the sale of Columbia facilities to a regional based not for profit system (Hillcrest Healthcare Systems - 18 facilities in Eastern Oklahoma)
•Responsible for Patient Accounting / Meditech installation (completed Oct 1998)
•Implemented a successful hospital wide centralized scheduling system
Senior Financial Analyst, HCA Central Group Operations
13350 Dallas Parkway, Suite 2100, Dallas, TX, 75240 / 972-***-**** 1995 - 1997
Senior Analyst for 115 hospitals in three states.
•Consulted with hospital senior management teams regarding strategic plans, budgets, acquisitions / divestitures and capital projects
•Prepared syndication analysis for all markets
•Assisted the Group President and CFO in the development and review of division action plans, month end reviews, strategic and financial analysis
•Coordinated accounting policy changes across divisions and hospitals
OTHER HEALTHCARE EXPERIENCE
Controller, HCA Palm Beach Regional Hospital
2829 10 Avenue North, Lake Worth, FL 33460 (facility closed) 1993 - 1995
A 200 bed medical center with 650 employees and $6.5 million in EBITDA
Accounting Manager, Assistant CFO, CIO HCA Plantation General Hospital
401 North West 42nd Avenue, Plantation, FL 33317 / 954-***-**** 1987 - 1993
A 264 bed medical center with 1,200 employees and $17.8 million in EBITDA
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