Accounting Management

Jon McMillan

Email: *********@********.***

Address: **** ***** *****

City: Lincoln

State: NE

Zip: 68510

Country: USA

Phone: 765-***-****

Skill Level: Senior

Salary Range: $170,000

Willing to Relocate

Primary Skills/Experience:

See Resume

Educational Background:

See Resume

Job History / Details:

Jon McMillan, Professional Experienceaai

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Jon McMillan

6527 Teton Drive aai Lincoln, NE 68510 aai 765-***-**** aai *********@********.***

http://webprofile.info/jmcmillan/

Senior Finance and Operations Executive: CFO / COO

Senior executive with extensive experience leading business, accounting, and finance operations for large service organizations. Successful at recruiting, developing, and overseeing high-performance teams to achieve aggressive business goals. Effective at formulating, implementing, and integrating accounting software solutions, programs, and controls supporting financial reporting requirements. Able to define and align strategic plans, resources, and processes to deliver maximum financial performance / ROI at lowest marginal risk. Excel at assessing, prioritizing, and disseminating financial / business analysis and reports to key decision-makers. Trusted and ethical business partner with strong track record managing complex negotiations, capital / debt requirements, service delivery performance, and financial compliance.

Core Leadership Competencies

aai Financial & Operations Management aai Multi-Functional Leadership & Collaboration

aai Capital & Debt Acquisition & Management aai Integrating Technology & Business Solutions

aai Risk / Return Analysis & Cost Control aai Process & Performance Improvements / Metrics

aai Maximizing Financial Performance / ROI aai Compliance / Financial Reporting / SOX

aai Team Recruitment / Development / Deployment aai Strategic / Tactical Planning & Execution

Professional Experience

BEATRICE COMMUNITY HOSPITAL & HEALTH CARE aaiaii Beatrice, NE 2009 aaiaii 2012

25-bed critical access hospital and related physician offices with annual sales exceeding $65 million.

Chief Financial Officer

Oversaw day-to-day finance and accounting operations for large healthcare organization. Accountable for general accounting functions, patient financial services, IT, materials management, dietary / environmental services, plant operations, and home health activities. Supervised 9 direct reports and 99 indirect reports. Negotiated settlements and implemented procedures to minimize customer complaints. Reviewed and ensured malpractice insurance was in force for all providers with no lapses in coverage. Managed and reported status of financial strategic plans on quarterly basis. Maintained high financial standing to meet requirements in bond covenants. Worked with vendors of capital equipment to seek out alternative funding sources.

Selected Achievements

aaii $45 million bond issue sold out in less than six hours by obtaining BBB-Bond rating from FITCH as a by-product of careful management and reporting of company financial resources.

aaii $2 million in annual cost savings generated by developing analysis supporting elimination of business unit that was draining firmaaiais cash flow and profitability.

aaii $1.5 million in anticipated annual revenue growth attained by analyzing and communicating national data to department heads for determination of revenue and costs as part of launching a new program.

aaii Positioned organization to gain $1.5 million scheduled reimbursement from federal government for meeting "meaningful use" requirements by overseeing efforts to convert organization to electronic health records.

aaii Raised $125,000 of capital by working with aaiAiHUDaaii to restructure financing to provide needed repairs for HUD residential living community aaiaii increasing occupancy rates and cash flows.

aaii Gained 100% reimbursement of costs incurred as a result of working with Office of Inspector General to negotiate settlement with subcontractor as part of resolving healthcare privacy issue.

aaii Cut cost by 83% for budgeting software with no degradation of quality by working with IT to develop internal program adaptations versus going to market for prepackaged software solutions.

aaii 73%+ decrease in audit time achieved by implementing program to improve internal accounting controls and provide reporting to finance committee on quarterly versus annual basis.

aaii 50% reduction in staff for related entity achieved by reallocating job responsibilities to drive efficiencies across operations.

aaii 49%+ in cost savings realized by completing ROI analysis supporting new capital purchase to improve lab results turnaround times and revenue growth with one year payback.

aaii 21% cost avoidance realized as a result of consolidating accounting functions to increase efficiency and reduce headcount.

aaii Maximized interest income by tracking and managing cash flow of bond funds that included disbursement of funds and ensuring new facility construction was within budget.

aaii Developed and implemented 10-year strategic plan projected to boost cash reserves for related entity by $1.4 million.

aaii Restructured monthly closing procedures to quickly publish management reports and financial statements 10 days after end of month.

Beatrice Community Hospital & Healthcare, Continuedaai

aaii Achieved desired operating ratios by modeling and ensuring salary increases and performance evaluation merit raises were incorporated within budget for salaries and wages.

aaii Delivered 10% in cost savings as a result of negotiating favorable pricing with vendor on purchase of updated software for company.

aaii Recognized in April 2012 edition of HFMA magazine as one of top 33 hospitals in country for outstanding financial performance for three consecutive years.

QUORUM HEALTH RESOURCES aaiaii Nashville, TN 2006 aaiaii 2009

Nationwide healthcare organization providing contract management services to not-profit hospitals.

CFO / Interim CEO

Oversaw general accounting, audits, budgets and daily financial operations. Accountable for patient financial services, IT, purchasing, medical records, and dietary services. Served as Interim CEO responsible for day-to-day hospital operations including recruiting physicians, handling board and medical staff relations, and representing hospital at community state and national events. Supervised up to 12 direct reports and between 100-250 indirect reports. Assisted in recruiting and employing specialty physicians.

Selected Achievements

aaii $800,000 increase in reimbursements per year attained by streamlining and enhancing coding and procedural documentation for anesthesia department.

aaii $250,000 settlement successfully negotiated with software vendor that failed to deliver and meet aaiAigo liveaaii launch date.

aaii Negotiated $125,000 settlement with 3rd party payor after analysis and determination was made that payor was not in compliance with their contract.

aaii $100,000+ saved as a result of leading efforts to recruit and employ Anesthesiologist in-house versus using expensive contractor.

aaii Led selection committee to identify and secure software vendor to implement electronic health record application after failed installation attempt by another company.

ST. VINCENT RANDOLPH HOSPTIAL aaiaii Winchester, IN 1998 aaiaii 2005

25-bed critical access hospital affiliated with St. Vincent Health and is part of Ascension Health, one of largest faith-based, healthcare systems in country.

CFO / Interim CEO

Led daily operations supporting general business accounting, annual budgets / audits, and Medicare cost reporting requirements. Accountable for purchasing, medical records management, dietary / physical therapy services, plant operations, and IT functions. Served as Interim CEO (2002-2003) responsible for total operations of hospital including physician recruitment and board / medical staff relations. Applied financial modeling to simulate projected profitability for various components of strategic plan. Orientated new employees in accounting policies and procedures.

Selected Achievements

aaii $2.4 million in additional cost reimbursements from state as a result of requiring them to follow state and federal guidelines.

aaii $1.5 million in additional annual reimbursement received as a result of converting to Critical Access status and served as financial representative of team that helped other small hospitals in state go through similar conversions.

aaii Tracked and managed disbursements as part of initiative to complete $4 million addition to organizationaaiais medical complex.

aaii $1 million in additional revenue generated by reviewing and updating organizationaaiais pricing and coding structure as necessary to meet business growth objectives.

aaii Secured $1.5 million increase in Medicaid reimbursement by working with state and consultants to address payer / payee issues.

aaii $800,000 in annual cost reductions realized as a result of spearheading efforts to recruit and employ Emergency Room Physicians as opposed to using contracted physicians.

aaii Worked closely with Corporate Office on project to install Lawson accounting software to generate facility and consolidated financials for entire health system.

aaii Generated higher patient volumes and zero wait times with return on capital investment (ROIC) of less than one year by conceptualizing and launching new service line. .

aaii Reduced workers compensation mod rate and insurance costs by reviewing workers compensation cases and introducing early back-to-work program as Chairman of Safety Committee.

Education

aaii M.B.A., Indiana Wesleyan University, Marion, IN

aaii B.B.A. in Accounting, Florida Atlantic University, Boca Raton, FL

aaii A.A. in Accounting, Palm Beach Community College, Lake Worth, FL

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