Management Accounting

MARGARET A. KIPP

*** ******** *****

Gardendale, AL 35071

205-***-**** (Home) 954-***-**** (Cell) abhlqo@r.postjobfree.com

Education

MBA Accounting Nova University, Davie, FL

BPS Accounting Barry University, Miami, FL

Professional Experience

ROBERT HALF MANAGEMENT RESOURCES - Sept. to Dec.17, 2010 - Consultant - CHS

- Henderson County Community Hospital, Lexington, TN. Responsible for month-

end closing activities for the Hospital, Physician Practices, and Ambulance

Service including related financial reporting to Senior Management at the

Facility and the Corporate Office. As Interim Controller, I worked with

the CFO and was nvolved in researching, analyzing, and preparing data for

the budget process, internal audit, and strategic plan slide presentation.

CAPELLA HEALTHCARE - March 1, 2008 to November 13, 2009

CHS (Community Health Services) - June 19, 2006 to March 1, 2008

Woodland Medical Center, Cullman, Alabama

2006 to 2009

As CFO, my responsibilities included all accounting, budgetary and

financial planning activities within the Hospital organization. The 100 Bed

facility provided acute, sub-acute, and adult psychiatric services. In

addition, I served as the Compliance Officer for all entities. Reporting

departments were: Hospital Information Systems, Materials Management,

Business Office, Case management, Information Systems, Physician Practices,

Plant Operations, Housekeeping, Dietary, and Accounting Services. The

Hospital was purchased by our competition and ceased operations as of July

15, 2009. I remained until November 13, 2009 to complete the transition.

Accomplishments

. EBITDA - Emerged from a $1 Million loss in 2008 to profitability in

2009. In 2008 outpatient surgery and diagnostic outpatient visits

declined due to the opening of an Outpatient Surgery Center and 2

Urgent Care Centers. We renegotiated 3rd Party Payer contracts for

improved reimbursement, reduced overall expenses by $250 per patient

day and secured state grants totaling $100K. No SOX audit issues or

E&Y Audit adjustments.

. Salaries & Benefits - Staff reductions & control of man hours per

adjusted admissions - Reduction $600,000

. Bad Debt expense as a percent of Net Revenue - Reduction - 2.5%

. Cost Savings program - Implemented a program utilizing employee

participation - Reduction $160,000

. Rental Space Reduction - Eliminated 7 storage units, sold used

equipment, & put stored furniture into service in lieu of new -

$45,000.

. Business Office Consolidation - Consolidated Business Office

function with sister facility. Annual reduction - $100,000

. Supplies - Reduced surgical implant costs through costing out cases

prior to scheduling. Also secured surgeon buy-in to preferred

vendors and renegotiated vendor letters of commitment. - Reduction -

$500,000.

MARGARET A. KIPP

TENET HEALTHCARE SYSTEMS

North Ridge Medical Center, Ft. Lauderdale, Florida

2000 to 2006

As Controller, responsible for planning, organizing, directing,

coordinating, and controlling financial activities; and for assuring

efficient operations of the finance department for this for-profit tertiary

care medical center of 332 beds:

. Served successfully as Interim CFO during Q3 and Q4, 2005

. Clinical Chart Improvement Team Leader - Objectives met and

recommendations presented to Directors

. Automation of 50% of finance department's labor-intensive manual

reports

. Analyzed and suspended unprofitable programs

. Researched and identified deficiencies in admission and collection

practices, improving net revenue

. Spearheaded revenue capture project - Captured $2M

KINDRED HEALTHCARE - Formerly VENCOR

Kindred Hospital of South Florida - Fort Lauderdale

1992 to 2000

As the CFO for this for-profit long-term acute-care hospital of 64 beds, my

responsibilities included the preparation, planning, organizing, directing,

and coordinating of all financial related operations. Departments

reporting to me were Accounting, Business Office, HIM, IS, Payroll, AP,

Purchasing, and Administrative Operations.

Accomplishments:

. In addition to duties at Kindred Hospital Fort Lauderdale, also served

as CFO of a sister hospital in Green Cove Springs for a year.

. Converted legacy PFS system to Meditech, exceeding collection goals

with no interruption in service.

. Converted financial systems to SAP from legacy DOS-based system

. Implemented automated billing technology, resulting in collection of

old accounts previously reserved without expectation of collection -

$2M

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