Executive Summary
Creative, energetic professional with a broad financial, operational and
business development background in healthcare services. A hands-on
leader, with a history of driving significant growth and improvement
initiatives including strategic and operational planning, operational
process change, automation and product/pricing development.
Direct functional leadership in the following areas: Financial Reporting,
Accounting, Accounting Operations (A/R/A/P, Payroll) Contracting, Claims,
Information Technology, Administration, Network Development, Business
Analytics, Actuarial, Underwriting, Treasury and Tax.
In addition to functional leadership, demonstrated core competencies in
the following areas: strategic and operational planning, budgeting,
activity based cost analysis and benchmarking, benefit development,
information systems analysis and procurement, healthcare informatics,
analytics, KPI development and implementation, mergers & acquisitions,
business development and ROI analysis.
Excellent communication skills. Communication responsibilities have
included internal and external parties such as: Boards of Directors,
provider and vendor partners, regulatory agencies and financing partners.
Experience & Selected Accomplishments
Mercy Health Plans, Inc. - St. Louis, Missouri - A provider sponsored
regional health plan generating $600M in annual revenues and offering
Commercial group, Individual, Medicare, CHIP and ASO products in 5 states
to over 250,000 members
Executive Director, Strategic Financial Planning & Analytics 2006 - 2009
. Established, designed and executed administrative cost allocation and
reporting policy and procedure which led to the identification and
correction of over $6M in under funded administrative charges.
. Coordinated the development and execution of pricing and benefit
strategies on existing and new product lines including ASO, Medicare
Advantage, CHIP and Individual product lines which led to standardization
and consolidation of product offerings and reduction of administrative
support.
Correctional Medical Services, Inc. - St. Louis, Missouri - A national
healthcare services and Pharmacy Benefit Management organization serving
inmate populations in 13 states and over 40 municipalities generating
annual revenues of $700M and servicing over 250,000 members.
Vice President/Chief Financial Officer, 2001 - 2006
. Led the development and execution of financial strategy of this national
healthcare staffing/managed care provider improving annual revenues from
$500M to $700M and earnings growth from $6M to $45M.
. Improved cash flows $75M through A/R process improvement, pharmacy
inventory management and contract risk restructuring.
. Actively involved with Board of Directors in evaluations of potential
liquidity transactions including sale, debt leveraging and IPO.
Instrumental in completion of $135 million recapitalization.
. Restructured departments (Network Development, Claims, IT, and Financial
Accounting) to streamline administration, improve contracting and
increase automation of processes thereby maintaining and/or reducing
administrative cost trends under 3%.
. Drove the creation and implementation of an operational "Balanced
Scorecard" and established a Management by Objectives process which
included monthly operational reviews with each service area using key
performance indicators. These key performance indicators were used to
effectively measure, monitor and improve operational, financial and
clinical performance.
. As Secretary to the Audit Committee of the Board, directed annual risk
assessments and internal and external audit activities. Drove project
development for Sarbanes-Oxley review and remediation testing.
OSF Healthplans Inc. - Peoria, Illinois - A provider sponsored regional
health plan generating $250M in annual revenues and offering Commercial
group, Medicare and ASO products to over 100,000 members
Vice President/Chief Financial Officer, 1997 - 2001
. Developed and executed strategic operating plans which addressed
financial and capital requirements of this $150M start-up MCO, a
subsidiary of a $1B regional Integrated Delivery System accomplishing a
+$20M improvement in earnings over an 18 month period.
. Designed, developed and executed contractual relationships for
administrative, joint-marketing and risk-sharing arrangements (Physician,
Facility and Pharmacy). Developed initial Medicare + Choice and FEHBP
program proposals and executed contract implementations.
. Led physician practice development including development and execution of
provider reimbursement and risk sharing arrangements including discounted
fee for service, withhold and capitation based agreements.
Director of Finance, 1994 - 1997
. Developed financial accounting and reporting systems necessary to
transact and manage product lines and contractual relationships for ASO,
PPO, POS and HMO services and a regional Medicare HMO.
. Planned, prepared, and reviewed statutory insurance reports ensuring
compliance and accuracy of financial statements. Managed the financial
statement preparation and analysis for monthly, quarterly and annual
reporting and analysis.
. Established product pricing strategies and Rating and Underwriting policy
and procedure related to various insurance and managed care products
including HMO, PPO and Point of Service, for commercial group, Individual
and Medicare supplementary products including medical, pharmacy and
ancillary cost.
. Established and implemented company 401(k) defined contribution plan and
employee benefit programs, investment and cash management policy.
Humana, Inc. - Louisville, Kentucky - A national health plan generating
$1B in annual revenues and offering commercial group, Individual, Medicare,
Medicaid and ASO products.
Manager of Acquisitions and Development, 1994
. Participated in due diligence activities performed for acquisition
candidates that included directing the compilation and review of
regulatory filings, external audits and actuarial certifications.
Group Health Plan, Inc. - St. Louis, Missouri - A regional subsidiary of a
national health plan generating $250M locally in annual revenues and
offering Commercial group, Individual, Medicare, Medicaid and ASO products.
Manager - Finance (1992 - 1994)
Senior Financial Analyst (1991)
Compiled and reviewed operational and financial information and performed
subsequent analysis and review against operating plans and industry trends.
Responsible for the rating and underwriting on all lines of commercial
HMO/POS offerings.
Compiled and reviewed regulatory filings and actuarial certifications.
Directed financial accounting activities to include development of incurred
but not reported (IBNR) claims liability and reinsurance reporting.
Additional Experience - St. Louis, Missouri
Edison Bros. Stores, Inc. (Manager of Accounting) 1987 -1991
Arthur Andersen (Staff Accountant) 1985-1987
Education
B.S.B.A. Accounting; University of Missouri; St. Louis, Missouri
National Center for Managed Healthcare Administration - UMKC, Graduate
Certifications
Certified Public Accountant (AICPA)
Certified Healthcare Financial Professional (HFMA)
Fellow, Academy of Healthcare Management (AHIP)
Affiliations
Knights of Columbus, 3rd Degree Knight Council 9981
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