MICHAEL J. HELENIC, CHFP, CMPA, CPAM, CCAM
A dynamic, entrepreneurial, executive who provides strong and synergistic
leadership in areas of:
Finance/Accounting Strategic Planning
Reimbursement Revenue Generation/Cost Reductions
Cost Reporting Creating Financial Health
Debt Structuring Contract Negotiations
Broad based knowledge/experience in the healthcare industry with proven expertise in:
• Contract negotiations.
• Financial reporting both internally and externally, as related to all standard government
and healthcare entities.
• Medicare cost reporting. Maximizing reimbursement while minimizing audit risk
• Investment management. Debt structuring and acquisition. Risk management.
• Operational cost reductions without compromising the quality of care or production.
• Managing relationships with banks, insurance companies, vendors, boards, and
• Staff development and team building. Creating an upbeat positive environment and
improving staff retention.
• Creating new systems, methods and procedures. Extensive computer conversion
12/10 Scottsdale, Arizona
AMAZING GRACE AIR
Pres AMBULANCE INC.
Director – Revenue Cycle
Financial Services (PFS),
Year to Date
0 from 50% of
that in the prior
Authored all the
P&P’s for Patient
01/07 Scottsdale, Arizona
Director – Revenue Cycle
Improved prior year profits by 240% or $760k
Negotiated new and more profitable Insurance Contracts
Developed all Revenue Cycle process improvement methods.
PFS and Billing software development and implementation
Billing Staff training and education
NATIVE AMERICAN AIR AMBULANCE INC.
04/02 Mesa, Arizona
Acquired and negotiated contracts
Increased profit from breaking even to an excess of $2.5M per month
Created the Patient Financial Services, Medical Records, Coding
Compliance, and Customer Service departments from the ground up
Directed all recruitment and training
Developed all relevant Policies & Procedures
Managed all OIG Audits, and had significant influence on compliance
issues, and Accounting and Information Systems development
AIR EVAC ARIZONA
04/01 Director – Revenue Cycle Management Patient Financial Services,
04/02 Managed Care Contracting
Increased Net Revenues by circa $5M per month via improved
contractual relationships with the Insurance Companies
Improved net revenues and profits by more than $800K/mo. after first
few months in the position
Chairman and Executive Officer
Grew this entrepreneurial venture focused on consolidating the provision of all ancillary services for
Skilled Nursing Facilities (SNF’s), Assisted Living, and Home Health. This significantly reduced both
costs, and financial risks for the member facilities.
Developed the PFS department and authored the P&P’s
Negotiated all reimbursement contracts
Established financial controls for all physical and financial assets
Developed the Business Plan, obtained licensure, hired executive staff, and departmental
directors for Pharmacy, X ray, Therapy, Laboratory, and DME.
• Provided consultation services for contracted clients in areas of:
Medicare Cost Reporting, MIS Development, Reimbursement, and Operations.
Our primary client added $12 15K per month to their bottom line after contracting their ancillary
services with Alliance. And, this additional net income was completely risk free.
GLENCROFT RETIREMENT COMMUNITY
Chief Financial Officer
Directed Accounting and Finance, Budgets, MIS, Managed Care and Vendor contract negotiations, and
Strategic Planning for this 40 acre CCRC that included a 224 bed Skilled Nursing Facility, and
Restructured and publicly placed $6 million in debt. Reducing debt service expense by $50K
Purchased and directed installation of fully integrated computer system that reduced
administrative hours, improved financial reporting and improved the ability to monitor the flow
of goods through organization.
Reworked past Medicare Cost Reports and received $180K in previously unclaimed
reimbursement that was due to the company. Designed and implemented a plan to capture in a
timely fashion, additional monies that would be owed by HCFA on a going forward basis.
Reduced dietary cost by 37%, by implementing systems control utilization, waste and spoilage.
Negotiated rates, and risk, for all contracts with vendors, insurance companies, and HMO’s
06/92 New London,
Regional Finance Manager
Specialized in saving distressed facilities. Was responsible for nine facilities in a
seven state area.
Supervised and supported facilities accountants and administrators in the areas of:
• • Budget Variance Analysis
• • General Ledger Accounting
• • Payroll
• • Reimbursement Techniques
• Accounts Receivable management including billing, credit and collections
PHYSICIANS RESOURCE INC.
Senior Practice Consultant
Trained both the professional medical, and clerical staff on the best coding and billing techniques
for optimum reimbursement in a Managed Care environment. Designed information systems that
focused on the needs specific to each practice. Led all Managed Care contract negotiations.
University of South Carolina –
Bachelors of Science – Finance
*Only Student to ever complete a BS *University Distinction Award.
in less than two years at USC. 3.5 *Who’s Who Among Students in
GPA * Chaired Several Committees. American Colleges and Universities.
* Racquetball Champion.
Professional Development • Past Member, Board of
Directors of the Arizona
• Past Regional Member,
Board of Directors of the
“American Association of
• Certified Healthcare
designation with a
concentration in Managed
• Certified Manager of Patient
• Certified Patient Accounts
Manager (CPAM) AAHAM
• Certified Clinic Account
Manager (CCAM) AAHAM
Patient Financial Services (PFS), Compliance, and Accounting.
Innovative thinker with instincts and positive success with overhauling/restructuring departments and
organizations for greater productivity and profits.
Works well in group settings, especially for large projects.
Inspire teamwork and best individual performance. Recognized for high level of staff retention.
Effecting financial controls to maximize bottom line results.
English, Spanish, and Brazilian Portuguese