Medical Management

FRANCIS J. BONANNO

PERSONAL:

**C Harbor Beach Rd. Home: 631-***-****

Miller Place, NY 11764 Cell: (631) 365-

5958

Email: abh72d@r.postjobfree.com

EDUCATION:

University of Central Florida

Orlando, Florida

Degree - BS

Major - Accountancy

1984

EXPERIENCE:

MEDICAL GROUP ADMINISTRATION -

NORTH SUFFOLK CARDIOLOGY ASSOCIATES, P.C. - E. Setauket, NY

Position Held: Business Manager

07/05-4/2010

Senior non-physician executive of largest cardiology practice in Suffolk

County, New York. Responsible for all operations, budget of 12 million in

net revenue, 18-provider (13 physicians and 5 NPs) single specialty group.

Designed, implemented and coordinated the physician recruitment program

resulting in the successful recruitment of 6 members of medical staff.

Acting liaison for professional (legal, accounting and banking) and

tertiary institution relationships. All financial reporting

responsibilities handled by this position. Facility management, design and

process improvement initiatives were handled by this position. Billing

department standards and collection policy were implemented improving

practice liquidity by reducing days in AR to below industry standards.

Improved practice profitability through expense reduction initiatives (2.5

million in annual reduction since 2004), revenue optimized via coding and

fee schedule strategies, service contract negotiations, and market/service

diversification strategy development and implementation. Designed and

implemented new financial accounting system, internal audit and budgeting

programs. Wrote the group's personnel P&P manual with responsibility for

all group HR compliance matters.

LONG ISLAND DIGESTIVE DISEASE CONSULTANTS, P.C.- E. Setauket, NY

Position Held: Practice Administrator

05/03-05/05

Practice Administrator for an 8-provider GI group. Provide all practice

management and administrative services. Chiefly responsible for all

facility expansion projects including the design and construction of an

endoscopy center, satellite office, and central office renovation. Review

and negotiation of all managed care contracts resulting in over 2.2 million

of additional practice revenue. Was responsible for billing and all

contract negotiations (vendor and managed care). Was responsible for all

financial reporting, treasury and personnel management functions. Practice

patient flow reengineering leading to increased staff efficacy and enhanced

customer satisfaction. Reviewed and negotiated all service and anesthesia

support contracts. Initiated a program of preparation leading to AAAHC

accreditation of the practice's endoscopy center.

RANDOLPH MEDICAL ASSOCIATES - Asheboro, NC

Position Held: Executive Director

11/99-4/03

Senior executive for hospital owned 15-provider group consisting of IM,

PEDS and FP subspecialties, operating out of five practice locations. All

areas of administrative and operations management were assigned to this

position. Contracting, reimbursement optimization strategies and personnel

management. Developed and incorporated policies and procedures designed to

integrate strategic goals of the organization with operating benchmarks.

Designed variable physician compensation plan for employed physicians.

Practice went from a $75,000 loss each year per provider (hospital loaned

group of $3,000,000 over 8 years) to a profitable and cash flow independent

organization within twelve months of my employ. Responsible for an

operating budget of 15 million.

ASSOCIATES OF PULMONARY & CRITICAL CARE MEDICINE, PA - Orlando, FL

Position Held: Administrator

11/90-03/99

Responsible for all administrative duties for this Pulmonary/Critical Care

practice. Chiefly involved in compilation and reporting of financial

performance, capital & operations budgeting, managed care rate analysis &

contract negotiations, personnel administration and specialized in accounts

receivable management. Negotiated all managed care contracts producing

favorable cash flow performance for the group. Responsible for all matters

related to physician recruitment, medical staff credentialing. Negotiated

first hospital-based (intensivist) capitation contract with a major managed

care plan in the Orlando market. Designed and implemented various

physician productivity paradigms and completed three office expansion

projects. Responsible for an operating budget of 6 million and supervised

22 FTEs.

HOSPITAL ADMINISTRATION -

HUMANA, INC. - Daytona Beach/Orlando, FL

Louisville, KY

Position Last Held: Chief Financial Officer

07/84-11/90

Supervised all activities in the accounting, patient financial services,

utilization management, and data processing departments at a number of

corporate locations. Responsible for the preparation of annual operating

budget (100 million in net revenue), Medicare cost report, state budget

report and pricing strategies of the hospital. Responsible for all hospital

managed care contracting. Provided financial support for all capital

equipment acquisitions and CON applications. Key indicator financial

analysis and return-on-investment on mergers and acquisitions were

performed. Negotiated all physician income guarantee agreements.

Maintained the treasury and internal audit responsibilities at each

hospital. Responsible for an operating budget and supervised 120 FTEs.

PROFICIENCIES:

Excellent knowledge of medical group practice operations - including

billing and coding; operating & capital budgeting methods; risk contracting

and FFS re-pricing strategies; excellent knowledge of medical

compliance/regulatory matters (CMS, HIPPA, OSHA, CLIA); HR management and

P&P; practice valuation and M&A modeling; excellent knowledge of physician

compensation plan design; excellent oral and written presentation skills;

strong legal/contracting knowledge; excellent negotiating skills;

cost/price fee modeling techniques; revenue enhancement through correct

coding program; PM & EMR conversion; implementation of financial accounting

application and budget system processes; strong internal audit acumen;

strong medical staff relations; designing patient satisfaction measurement

and service recovery programs.

MEMBERSHIPS:

Medical Group Management Association

PUBLICATIONS:

"Understanding Cost Accounting Gives You Negotiating Power" - Florida

Healthcare Report & Hospital News, October 1998, p. B11.

"Establishing Billing & Collection Standards For Your Practice" - Florida

Healthcare Report & Hospital

News, January 1999, p. B3.

REFERENCES: Available upon request

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