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Management Sales

Location:
Franklin, Tennessee, United States
Posted:
February 09, 2018

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Resume:

STEVE WOMACK

**** ****** ***** *********, ** ****7 615-***-**** ac4eyk@r.postjobfree.com

SENIOR FINANCIAL EXECUTIVE

SUMMARY OF QUALIFICATIONS

Seasoned, goal-oriented finance executive with 25+ years in healthcare finance and accounting. Well-versed in hospitals and other provider organizations including their operations, physician relations and gold standard management processes. Significant experience in acute care hospitals, sub-acute hospitals, physician practices, ambulatory surgery centers, home healthcare, ambulance services, Durable Medical Equipment (DME) and managed care companies. Worked in over 100 hospitals in over 30 states and three foreign countries. Part of the world's largest hospital management company for over 20 years--Hospital Corporation of America--HCA. Entrusted with audit responsibility with over $2 billion in revenue and assets there. Named one of the company's VIP Employees of the Year.

Worked as an Auditor, out of college for a Big 4 firm--Peat, Marwick, Mitchell & Company--(now KPMG). Works well with all levels of an organization from service staff to Board of Directors. Recognized as a problem solver and often operated in areas with significant difficulties such as accounting failures, systems problems and special projects throughout my career. Considered a natural mentor and teacher by many in the healthcare industry...analytical, strategic and an initiator.

CORE COMPETENCIES

Financial Management Interim Management Operations

Revenue Cycle Management Strategic Planning Auditing / Compliance

Due Diligence Evaluations Turnaround Mgt. Supply Chain Assessments

Systems and Technology Utilization Reimbursements Growth & Expansion

Profitability & Cost Analysis Project Mgmt. Business Development

PROFESSIONAL EXPERIENCE & SELECTED ACCOMPLISHMENTS

CONTRACT WORK

Perimeter Healthcare, Alpheretta, GA; behavioral healthcare

October 2017 – January 2018

Charged to identify commercial Payor revenue opportunities and initiate inclusion in national Payors' providers networks.

Results: facilities are on track to add significant commercial insurers to its clients which should improve average daily revenue per patient –by 6-8% and 3-5% volume increases.

VP - REVENUE CYCLE MANAGEMENT & CHIEF COMPLIANCE OFFICER

Currie Medical Specialties, Inc., Franklin, TN; pneumatic compression devices

July 2016 - August 2017

Recruited to develop strategies for reimbursement realization for a new device. Worked with Sales, executive management and accounting. Developed policies and procedures.

Results: Significant improvements made in the billing and monitoring of third party receivables and issue identification and resolution.

CHIEF COMPLIANCE OFFICER

Jackson Purchase Medical Center (LifePoint Health Facility), Mayfield, KY

February 2011 - July 2016

Promoted to this position after being CFO during a transition time of this company. Hospital had entered into a Corporate Integrity Agreement (CIA) with the Office of the Inspector General (OIG) due to billing and reimbursement matters.

Results: after implementing a strong compliance program, achieved all requirements of the CIA by exceeding all established quality targets and commitments, leading to a fully successful conclusion for the five-year period CIA contract.

Implemented, oversaw and managed the compliance program surrounding Federal and State reimbursements. Managed three non-clinical departments and all hospital contracts. Worked closely with Case Management and Health Information Management (HIM) to address billing and reimbursement issues.

Results: exceeded the OIG's set goals every year for the five-year agreement. Managed the program to the ultimate discharge of the agreement.

CHIEF FINANCIAL OFFICER

Jackson Purchase Medical Center (LifePoint Health Facility), Mayfield, KY

May 2010 - August- 2010

Served in this short post during a time of transition. Responsible for all financial activities and reporting, IT and Material Management.

INTERIM DIVISON CFO

Iasis Healthcare, Franklin, TN

September 2010 - January 2011

Led financial management for five hospitals in Arizona and Nevada.

PRINCIPAL

Spectrum Health Partners, Franklin, TN

February 2010 - May 2011

Provided M&A, financial analysis, interim management, turnaround and restructuring support and profitability and strategic improvements.

Director

Bridge Associates, Franklin, TN

April 2009 – February 2010

Functioned as a turnaround manager, advisor and marketing for the firm. Worked primarily on one extended engagement involving a $2,000,000,000 not-for-profit system in the Northeast.

PARTNER

Center Health Partners, Franklin, TN

March 2006 - April 2009

Responsible for marketing, project management and engagement performance.

An example of a project was a turnaround engagement where a facility was on a run rate to lose over $2,500,000 in the current fiscal year.

Results: after changes made by our team and new hospital officers, facility was projected to generate $1,5000,000 in profit.

PRINCIPAL

Capital Source and Consulting Services, Franklin, TN

March 2002 - March 2006

Provided consulting services and support and Sarbanes-Oxley (SOX) implementation support.

CFO, SALES & PRODUCT LINE GROUP...CFO, QUALITY DEPARTMENT...

INTERNAL AUDITING, INFORMATION SYSTEMS...REIMBURSEMENT...

PHYSICIAN SERVICES GROUP

Hospital Corporation of America, Franklin, TN

March 1976 - March 2002

CFO, SALES & PRODUCT LINE GROUP

Provided sales management and product line support for 10 product lines both disease-based and population-based services.

CFO, QUALITY DEPARTMENT

Group included the Chief Medical Officer and Joint Commission on Accreditation of Healthcare (JCAHO) support, product lines for cardiology, orthopedics and oncology, marketing research team and corporate quality reporting.

INTERNAL AUDITING

Joined as a Senior Auditor and advanced to Director level; reported to SVP of Internal Audit. Accountable for all phases of the internal audit program including planning, recruitment, management, program development and included financial, operational and IT auditing.

Results: audit responsibility for over $2,000,000,000 in assets and revenues.

Included matrix management of over 100 Internal Auditors including, nursing and IT specialists.

INFORMATION SYSTEMS (IT)

Trained, and implemented user support of IT systems.

REIMBURSEMENT

Completed cost reports for managed facilities through the HCA Management Company.

PHYSICIAN SERVICES GROUP

Provided financial analysis, business case reviews and project management for the President of the HCA Physician Services Division.

EDUCATION

BS, Middle Tennessee State University, Murfreesboro, TN - Major - Accounting,

Minor: Information Systems and Economics

Earned 12 semester hours (36 needed) toward an MBA, Financial Management, Macro Economics, Business Statistics and Organizational Behavior at the University of Tennessee

CERTIFICATIONS

Certified Public Accountant

Fellow, Healthcare Financial Association

Certified Managed Care Professional

PROFESSIONAL AWARDS

Follmer Bronze Merit Award, Reeves Silver Merit Award and Muncie Gold Merit Award from the Healthcare Financial Management Association.

Recognized by the HFMA for work on review committee for articles submitted for publication in the National HFM magazine.

Wrote a tri annual column on capital for the national HFM magazine



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