HENRY A. BROWN, MBA, FHFMA
THE HOSPITAL DOCTOR, LLP, Miami, FL Interim 2012 to 2016
Financial Performance Director National Interim Consulting
Reduce length of stay for significant profits. Prepare hospitals for imminent Bad Debt threat of Health Savings Accounts. Auction rate debt instruments effect on hospitals and vendors. Medicare RAC Audit threats & solutions. Various engagements, feasibility studies of now ventures.
WESTCHESTER GENERAL HOSPITAL, (fp) Miami FL 2008 to 2012
Chief Financial Officer Hospital Beds: 160, Budget $55 Million
Improved cash receipts 10% ($5 mill) from previous years. •Reduced annual operating costs (Pharmacy ($300k), Laundry(75k), Laboratory & Blood 50k). Instituted new programs for improving reimbursement.
THE HOSPITAL DOCTOR, LLP, Miami, FL Interim 2007 to 2008
Financial Performance Director National Interim Consulting
Reduce length of stay for significant profits. Prepare for Bad Debt threat of Health Savings Accounts.
Auction rate debt instruments effect on hospitals and vendors. Medicare RAC Audit threats & solutions.
CHESAPEAKE GENERAL HOSPITAL, (nfp) Chesapeake, VA Interim, 9 months 2007 to 2007
Chief Financial Officer - Interim Hospital Beds: 310, Budget: $205 Million
With consensus of the auditors, corrected a prior year’s valuation error in Net Accounts Receivable of $6,000,000. Developed and implemented financial controls and reporting for all operational entities.
Implemented Cost Accounting system & reporting for service lines and physician impact on hospital services. Introduced FTE & productivity reporting, departmental staffing criteria, and supply chain assessment.
Improved Revenue Cycle (denials, authorizations, rate placement, contract compliance)
Negotiated managed care, dialysis and anesthesiology contracts Prevented technical Bond default
Realized improvements in profit from operations of $21M annually.
PAN AMERICAN HOSPITAL (fp) Miami, FL 2005 to 2007
Chief Financial Officer – Interim Hospital Beds: 150, Budget: $95 Million sold to P.R. investor
Managed viable cash flow of hospital to the date of the sale. Hired after bankruptcy filed
Negotiated bridge financing for turn-around and work-outs, Negotiated Managed Care Contracting,
Improved operational efficiency ($200k/yr). Implemented accurate and timely financial reporting
Managed Investor and Lender reporting; monitoring of debt covenant compliance
Implemented Revenue Cycle initiatives to improve cash flows and levels of patient care ($450k/yr)
PALM SPRINGS GENERAL HOSPITAL, (fp) Hialeah, FL 2002 to 2004
Chief Financial Officer Hospital Beds: 247 Budget: $118 Million
Planned and implemented computer systems and conversions. Developed Cost accounting system development by service and by physician. Improved operational efficiency with team effort. Implemented Revenue Cycle improvements increased collection rates by three percent ($2.5M). Provided analysis, recommendations and implementation of improved financial operations. Reduced operating expenses by improved efficiency with labor reporting implemented. Improved management of supply cost through vendor contract negotiation and improved selection of purchasing alternatives with Physician agreement.
MEDICAL MANAGEMENT OF AMERICA, INC. (fp) Miami, FL - Chicago, IL
Owner-operator of hospitals and physician practices 1996 to 2002
President, CEO Doctors Hospital Hyde Park; Hospital Beds: 310, Budget: $165 Million -
Administrator: Larkin Community Hospital Hospital Beds: 122, Budget: $75 Million
Management of Hospitals and physician practices. Physician recruitment. Implemented effective marketing programs and turn-around financial management. Planned and implemented computer systems and conversions. Developed Cost accounting system by service and physician. Improved operational efficiency.
HENRY A. BROWN, CPA, MBA, FHFMA page 2 of 3
PHYSICIAN PRACTICE MANAGEMENT, INC. Miami, FL - Dyersburg, TN
Owned consulting company services to physicians, group practices and hospitals 1993 to 1996 & 2004
Increased cash flow by improving billing, coding, charting, utilization; accounts receivable management and rate setting. Negotiated managed care contracts. Implemented effective marketing programs.
Assisted in developing cost accounting systems Arranged Private equity financing. Increased profitability of group practice and negotiated Practice sale to local hospital.
QUORUM HEALTH SERVICES, INC. Hialeah Hospital (nfp) Hialeah, FL 1991 to 1993
A hospital management company, turn-around assignment of bond defaulted facility
Chief Financial Officer - Interim Hospital Beds: 378 Budget: $150 Million
Improved cash flow, profitability under the debt default restructuring agreement Achieved established financial goals, established internal controls, reduced AR days from 75 to 60 with incr. cash ($3Mil). Participated in development of County-wide HMO.
AMERICAN OUTPATIENT SERVICES CORPORATION (fp) Plantation, Florida
A closely held national company owning dialysis centers. 1991 to 1992.
Consultant Provided CFO services to Board Chairman Organized initial public offering documents.
GOLDEN GLADES REGIONAL MEDICAL CENTER, LTD. (fp) Miami, Florida
For-profit hospital Interim Turn-around assignment 1989 to 1991
President, Chief Executive Officer Beds: 352 Budget: $50 Million
Maintained viability of Hospital by improving cash flow. Organized Medical Staff acquisition and Physician joint ventures. Improved Revenue cycle management increased cash receipts by 8% ($3mil) Arranged investor participation with restructured debt. Planned and implemented computer system conversions
Reduced expenses 15%. Implemented Cost accounting system Signed the bill of sale to new investor
CHASE MEDICAL GROUP, Inc., Miami, Florida
An Amex listed company, 12 facility multi-specialty medical group practice. 1988 to 1989
Vice President, Treasurer, Chief Financial Officer - Interim
Implemented SEC reporting & compliance prepared 10Q’s and 10K’s. Reduced expenses 20%,
Improved efficiency of the billing and collections for the practice.
McMAHON, LOVE, PIERCE & ALBERT, CPA's West Palm Beach, Florida
Director, Management Consulting Services 1987 to 1988
NETWORK HEALTHCARE, Inc. (nfp start-up) Fort Lauderdale, Florida
An HMO venture of 6 hospitals (including St. Mary's Hospital). 1985 to 1986
President and Chief Executive Officer
Developed and managed the organization. Secured start-up capital, Obtained Medicare contract, Organized provider network. Provided orderly transfer to successor - HIP Network. Obtained Medicare contract.
Participated in the development and start-up of a not-for-profit HMO as an officer of one of the originating members. Negotiated sales with employers for employee health-plan coverage.
ST. MARY'S HOSPITAL, Inc (nfp) West Palm Beach, Florida
Faith Based hospital 1981 to 1985
Vice President and Chief Financial Officer Hospital Beds: 385 Budget: $200 Million
Participated in all Board meetings, long range planning committee, Managed all finance functions.
Turned losses to profits. 50% reduction in AR days to 45 cash increase ($5mil). Restructured debt with annual savings $800,000 Developed PPO & HMO and for-profit ventures between Hospital and Medical Staff.
HENRY A. BROWN, CPA, MBA, FHFMA page 3 of 3
ERNST & WHINNEY, Tampa, Florida
National CPA and Consulting firm 1980 to 1981
Supervisor, Management Services,
Specialist in improving cash flow. Financial operations improvement consulting. Staffing efficiency.
HUMANA, Inc., Louisville, KY, Orange Park FL, Newport Beach, CA
International corporate owner-operator of hospitals 1975 to 1980
Regional Financial Manager Corporate trouble shooter
Responsible for financial operations and turn-around for 23 hospitals.
Conducted financial operations appraisals of 23 individual hospitals with written plan and implementation assistance.
Fellow, (HFMA) Healthcare Financial Management Association
CPA, Certified since 1975, (Retired license December 2016 after 41 years)
Minister Author Certified Hypnotherapist
EDUCATION & PUBLICATIONS
MBA, Hofstra University, Hempstead, NY 1975 BA, S.U.N.Y. Binghamton, Binghamton, NY 1970
“Key Strategies for CFO’s” & “Key thoughts on Budgeting in times of uncertainty” Panel discussion presented at Becker’s Hospital Review Annual Meeting, Chicago, IL May 2012.
“Physician & Hospital Alignment: Strategies for Reducing Length of Stay and Costs” Presented at HFMA 2008 Annual National Institute, Las Vegas, Nevada June 2008
Executive Conference October 2007. Vendor sponsored 2 day conference. Delivered Case Study and analysis on “Implementation of Cost Accounting System in Community Hospital”
“Cash Management” Group Practice Journal; Volume 29, Number 11; November 1980. AGPA (American Group Practice Association)
Enoch’s Way: 2self-published book and web site.
Active community involvement has included various types of volunteer work to share with others,
Including group meditation to improve our ability to know and experience the oneness with each other.