Thomas Moreland
Galloway, NJ ***05
acgx5u@r.postjobfree.com
Profile
Senior finance, accounting and operations executive with advanced experience in managing complex
multi location organizations in both times of prosperity and growth or crisis. Demonstrated ability to
partner with decentralized accounting and operations personnel to provide timely, accurate financial
reporting, and insightful business analysis regarding performance of operating units and lines of business.
Skills Overview
Strategic, Operational and Financial leadership. Past experience has included oversight of all
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elements of organizational operations from establishment of initiatives to planning and
execution at both a strategic and tactical level.
Performance as Chief Financial Officer in multiple industries from deep experience with
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varying types of healthcare institutions ranging from managed care to direct service
providers, current role in software and video production.
Manage all aspects of Finance from transactional execution, including collection of accounts
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receivable to general ledger recording and Financial Statement preparation and presentation.
Oversight of complex information system implementations including financial and
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operational systems for collections of accounts receivable.
Management of capital structure has included raising both debt and equity capital under
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multiple structures and scenarios.
Preparation of SEC filings including 10-K, 10-Q, 8-K and S-1 filings. Full responsibility for
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completion of filings including third party and regulatory review.
Design and implementation of planning cycles and performance of variance analysis.
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Maintenance of daily treasury functionality including establishment of centralized systems,
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cash forecasting analysis. Proven ability to maintain liquidity during periods of uncertainty.
Design and implementation of internal control structures and organizational infrastructures to
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meet needs to growing organizations or remediation of control deficiencies to eliminate
material weaknesses. Oversight of SOX programs.
Professional Experience
Vidaroo Corporation Orlando, FL
Chairman of the Board and Chief Executive and Financial Officer 2013-present
Chief Financial Officer, Treasurer and Secretary 2008-2012
Vidaroo is a small micro-cap publicly traded video technology company that went public in October,
2008. The company provides an online video platform licensed under a Software-as-a-Service delivery
model. The development of the software model was supported by video production services and the
limited amount of capital raised during my tenure with the organization.
As Chairman and Chief Executive Officer, I am responsible for all activities of the Organization. In the
short time of my tenure as Chairman and CEO, I arranged for the sale of the company’s intellectual
property.
As Chief Financial Officer, Treasurer and Secretary, responsibilities include all administrative functions
of this startup enterprise. From the management of the capital structure and investor relations to the
establishment and maintenance of accounting and finance operations as well as oversight of legal
requirements and matters, the role has been comprehensive and hands on. The operational history of the
Company included significant redefinition of business strategy and the related operational model to
sustain operations.
• Capital strategy and execution included raising $1.5 million in debt financing and ultimately
converting it to equity at three times the market valuation of the Company.
• Operational finance requires cash management performance in managing cash inflows and
outflows during periods without access to additional capital financing.
• Maintenance of public company filings requires personal performance of all aspects of the
company financial statements, audits and SEC filings maintaining 100% compliance with SEC
requirements to continue ongoing status as a compliant filer.
• Financial difficulties necessitated the redesign and implementation of the Company’s corporate
structure to protect assets and ensure ongoing operations without interruption from potential legal claims.
• Additional duties include oversight of all legal, board and public company requirements.
PainCare Holdings, Inc., Vice President of Finance Orlando, FL 2006- 2008
PainCare Holdings was a publicly traded physician practice management company focused on the
treatment of pain related ailments through interventional pain procedures, orthopedic surgery and
rehabilitation. I was responsible for Treasury and debt/capital management, financial planning and
analysis as well as special projects and business combinations.
• Treasury management responsibilities included daily management of cash receipts and
disbursements. The treasury function was centralized through the establishment of a multi-bank setup
linking unrelated financial institutions into a single integrated system enhancing working capital.
• Financial planning included the establishment of a budget system that was previously nonexistent
at the organization. This plan was implemented and used for monthly variance reporting.
• Business combinations predominantly related to divestitures as the company disposed of certain
non-core or underperforming assets to manage its current debt load as the restructuring and movement to
managed care is completed.
• Other special projects included the centralization of certain business systems including financial
reporting, revenue and accounts receivable, and accounts payable.
Curascript/Priority Healthcare Orlando/Lake Mary, FL 2005-2006
Curascript, a division of Express Scripts, acquired Priority Healthcare in October, 2005. Curascript had
annual revenue of approximately $3 billion and provides specialty pharmacy, specialty infusion and
specialty pharmaceutical distribution services.
Curascript, Senior Director of Reimbursement: October, 2005-July 2006
This position was responsible for the cash conversion cycle of the organization including establishment of
policy and procedure, financial system maintenance and conversion, execution of billing and
reimbursement, oversight of reserve levels, and physical signoff of write-offs for all segments of
Curascript’s business.
• Ownership of the cash conversion cycle requires daily oversight of cash collection progress
including production of bills and execution of collection activities. It also includes setting of annual and
interim goals for DSO and cash collections as well as reporting on progress towards those goals.
• Oversight and leadership of over 300 full time staff necessitated ongoing management of
workloads and productivity analysis.
• Execution of billing and reimbursement requires management of over 3,000 payors, knowledge of
contractual terms, reimbursement specifications related to varying payment methodologies and
management of 10 different information system platforms.
Priority Healthcare, Vice President of Finance: January 2005 - October 2005
This position was responsible for financial planning/analysis, Internal Audit and SOX compliance,
payroll, tax, information system integration and special projects.
• Financial planning and analysis included oversight of the annual budget process and analysis of
variances to Plan on a monthly, quarterly and year to date basis by division.
• Internal audit and SOX compliance involved planning and execution of the organizations annual
audit plan which included compliance with the annual and quarterly SOX requirements.
• Oversight of the tax department included oversight of the execution of tax returns, quantification
of tax provisions and planning efforts to minimize potential exposure to tax effects.
• Information system integration related to oversight of the implementation of Priority’s Oracle
based Compass pharmacy system from a financial perspective. This implementation was to move
Priorities various acquisitions off legacy platforms to take advantage of a centralized system.
• Special projects included financial oversight for Priorities joint venture with Aetna, pricing and
negotiation of significant contract proposals and due diligence for merger and acquisition activity.
Devereux, Corporate Controller and Chief Accounting Officer Villanova, PA 1998-2004
National provider of behavioral healthcare services operating in 12 States with over $385 million in
annual revenue and 6,000 employees. As an Officer of the corporation, responsibilities included direct
oversight of financial reporting and budgeting, presentations to internal and external constituencies, and
maintenance of all systems of internal control and financial information.
• Led Devereux’s efforts related to the State of Florida’s privatization of Child Welfare services.
These efforts required financial and operational oversight of a $34 million start up operation that was
outside Devereux’s historical scope of operating activities.
• Led the finance team related to merger and acquisition activity for multiple acquisitions.
Northwestern Human Services, VP of Finance/Corporate Controller Lafayette Hill, PA 1997-1998
Provider of behavioral healthcare services with $175 million in annual revenue provided by 27
subsidiaries throughout the State of PA and Southern NJ. Responsibilities included oversight of financial
reporting, treasury management, accounts payable and payroll. Lead the organization through a crisis
management situation, including significant cash flow and internal control difficulties.
Ernst & Young LLP, Audit Senior through Manager Philadelphia, PA 1991-1997
Pannel Kerr Forster, Staff Auditor Philadelphia, PA 1989-1991
Education & Professional Development
• BSAC, University of Delaware; 1989
• CPA, Pennsylvania; License active from 1991 to 1998, inactive from 1998 to present