DAVID G. STURGEON
** *. **** *** **. Springboro, Ohio 43230
abm2ui@r.postjobfree.com 937-***-****
Profile: Healthcare executive experienced in financial, operational and
strategic leadership
. Develops strategies focused on attaining specific results
. Leads executive team to accomplish stretch goals and innovate
. Clearly communicates the need for patient safety, quality and
efficiency
. Creative, energetic, hands-on leader with Fortune 500 and NFP
experience
PROFESSIONAL EXPERIENCE
6/08 - Current Cincinnati Children's Hospital Medical Center
500 bed Magnet certified, academic facility ranked 3rd best general
pediatric hospital by US News and World Reports.
EXECUTIVE BUSINESS DIRECTOR FOR PATIENT SERVICES
. Senior business leader in the patient care organization -
generating $1+ billion revenue at multiple sites and employing
3600 FTE
. Spearheaded operational and financial performance by
implementing productivity measurement; Tool allows each
department to measure / adjust daily staffing per unit of
service
. Oversaw effort to identify incremental revenue and margin
opportunities across entire division of over $2M; resulting in
FY09 margin favorable to budget by $65M or 10%
. Manage 18 business directors for Nursing, Surgery, Pharmacy, ER,
Therapies and Clinics who focus entirely on critical business
and improvement issues
. Challenging executive leaders to increase operating efficiency /
improve existing practices
4/05 - 5/08 Premier Health Partners (Dayton, Ohio)
Integrated health delivery system comprised of Miami Valley, Good
Samaritan and Middletown Regional Hospitals and Premier
HealthNet
VICE PRESIDENT AND CHIEF FINANCIAL OFFICER - PREMIER HEALTHNET
Dayton's largest physician group with 150 employed primary care,
specialist and hospitalist physicians
. Strengthened financial, HR and IT functions during period of 40%
growth in physicians and practices. Designed implementation of
Epic EMR.
. Negotiated significant managed care contract increases (up to
30%) and maximized payment for quality incentives
. Took actions to financially protect employed physicians and
maintain loyalty when out of contract with largest commercial
payer
. Established strategic specialist practices despite limitations
created by Stark II legislation
. Created and led start-up of retail clinics, (similar to Minute
Clinic) staffed by nurse practitioners in local Kroger stores to
increase physician network visibility and referrals
. Advised individual physicians, physician governance group and
network board of directors
. Replaced 3rd party retirement plan administrator, improved
service to participants and eliminated 100% / or $150k of
administration expense
4/02 - 3/05 ASSISTANT CHIEF FINANCIAL OFFICER - MIDDLETOWN REGIONAL
HOSPITAL
Innovative, community hospital with 130 average daily census and
$150 million of net patient revenue
. Increased focus on operating department's financial performance
via contribution margin analysis
. Implemented 'action oriented' monthly analytic results review
for executive team
. Developed physician profiles to identify ALOS and resource
utilization outliers by DRG
. Strengthened financial position prior to construction of
replacement hospital with $6M of off balance sheet lease
financing for critically needed replacement beds and radiology
equipment
DAVID G. STURGEON - Page 2
. Crafted innovative expense reduction options during annual
budgeting process
. Directed long term planning related to $200M replacement
hospital
. Substantially improved administrative compliance and funding of
health system's cash balance retirement plan
2/01 - 3/02 INDEPENDENT FINANCIAL CONSULTANT TO BATELLE INSTITUTE, TEAM
AMERICA and RESOURCE INTERACTIVE
. Evaluated accounting software packages for start-up, technology
business
. Participated in improvement projects and supplemented accounting
staff
3/00 to 1/01 SubmitOrder.com, (Columbus)
Start-up e-fulfillment distributor and customer service provider for
brand name national retailers including Estee Lauder, Kmart,
American Eagle and Dick's Sports
CONTROLLER - INFORMATION TECHNOLOGY GROUP
Managed $75 million software development and infrastructure
budget to build the core warehouse distribution systems.
. Negotiated the purchase of hardware, software and consulting
services
. Raised $8 million of external cash through creative asset
financing
12/95 - 2/00 Cardinal Health Inc., (Columbus)
Fortune 50 pharmaceutical and medical supply provider
CONTROLLER - INFORMATION SYSTEMS GROUP
Provided financial management to strategic IT function with $100
million budget and 500 employees. Responsible for financial
reporting, budgeting analysis, financial policies and capital
asset justification
. Assisted with consolidation of four regional data centers into
one
. Eliminated one phone carrier; savings equaled $2 million
annually
. Introduced streamlined corporate-wide PC procurement process
. Oversaw accounting capitalization of $20 million annual
internal software development
12/89 - 12/95 Ohio Health; large integrated health delivery system
including Riverside and Grant Hospitals, (Columbus)
FINANCIAL AND OPERATIONS MANAGER
Provided internal consulting to affiliate hospitals resulting
in:
. Recommended win/win option for outpatient dialysis services
requested by grassroots community group
. Reduced number of collection agency vendors; annual savings
equaled $6 million
. Analyzed price and market share of competing hospital's
service lines
. Led valuation of proposed $60 million hospital acquisition
. Prepared competitive analysis presentations for board of
directors
11/87 - 11/89 Cardinal Industries Inc., (Columbus)
Apartment and motel developer.
FINANCIAL PROJECT MANAGER
Developed innovative real estate financing options.
. Structured a $70 million apartment real estate investment trust
IPO; including selection of properties, due diligence,
prospectus preparation, road show presentation, investment
banker
and law firm coordination.
. Negotiated creative mortgage financing and construction
loans.
DAVID G. STURGEON - Page 3
12/85 - 10/87 Bank One (Columbus)
MANAGER, FINANCIAL PLANNING AND ANALYSIS - CREDIT CARD DIVISION
. Managed financial reporting, budgeting and analysis for 500
employee division servicing $900 million credit card portfolio.
. Evaluated effectiveness and profitability of intensive direct
mail solicitations.
. Assisted in first ever credit card receivables securitization;
$50 million through Salamon Brothers
11/81 - 11/85 Mead Corporation, (Dayton)
Paper and forest products
OPERATIONS ANALYST / SENIOR FINANCIAL ANALYST
. Conducted analyses for manufacturing divisions.
. Investigated business investment options in China.
. Assisted with financing and divestitures which allowed for
successful recovery from risky, high debt position.
. Prepared presentation for board of directors, bankers and
credit rating agencies using multi-year,
corporate profitability modeling.
8/79 - 11/81 Dayton Power and Light Co., (Dayton)
FINANCIAL ANALYST
. Assisted with new debt and equity offerings.
. SEC reporting
EDUCATION
Wright State University Dayton,
Ohio
M.B.A. Finance - 1984
B.S. Accounting - 1978
Intermediate Improvement Sciences - a project oriented
quality and process improvement class. Cincinnati
Children's - 2009
COMMUNITY / ORGANIZATION MEMBERSHIP
Certified Healthcare Financial Professional - HFMA
American College of Healthcare Executives
Former Board Member - Healthcare Financial Management
Association, Southwest Ohio Chapter
Former Board Member - American Heart Association, Dayton Chapter
Former Adjunct Faculty - Franklin University, Columbus, Ohio
Eagle Scout