Management Financial

Roger A. Armstrong, BS, MBA

**** ******* ***** ? Benicia, Ca 94510

602-***-**** ? **************.***@*****.***

Senior Financial EXECUTIVE / CHIEF Financial Officer

Masters of Business Administration

25+ Year Career as CFO Dedicated to Healthcare Financial Management

Contract Negotiations / Revenue and Profit Maximization / Financial

Reporting

Revenue Cycle Management / 6 sigma Process Improvement / Physician

Operations

Accomplished Financial Executive with broad range of industry experience

having held CFO positions in both investor owned and not for profit

organizations, management experience with single and multi-facility

operations.

Selected Outstanding Achievements

? Directed project team of Cardio Vascular surgeons and leading technology

vendor to finance and implement a state of the art Hybrid Surgical Suite

creating $15.0 million in new revenues, Proctor Healthcare Services.

? Restructured outstanding debt eliminating expensive Letter of Credit

Agreement. Led financial turn-around contributing to improved cash position

and positive banking relationships, Proctor Healthcare Services.

? Recognized as "CFO of the Year" for "Significant Financial Improvement",

Vanguard Healthcare Systems

Professional Experience

Pioneers Memorial Healthcare District

Feb 2014 - Present

Interim CFO - Recruited to provide interim CFO leadership to California

Hospital District struggling with financial management transition

. Reconciled contractual reserve accounts resulting in $ 4.5 million

positive re-statement of financial position.

. Quickly prepared the facility for financial audit resulting in

"Unqualified Opinion"

. Prepared and presented highly accurate Operating and Capital budgets

. Worked with Governing Board and CEO to structure affiliation agreement

with San Diego Tertiary Partner.

Kindred Healthcare, San Leandro, Ca.

Feb 2013 to May 2013

District CFO

. Managed financial operations of multi-facility Long Term Acute Care

(LTAC) Hospitals

Proctor Healthcare Systems, Peoria, IL. April

2009 to July 2012

Chief Financial Officer - Recruited to revitalize and enhance financial

operations in a complex multi-site healthcare organization offering full

range of acute services, psychiatric, substance abuse services and a multi-

location primary care network employing 25 + physicians

. Managed debt restructuring eliminating expensive letter of credit

agreement and providing "new money" to finance Electronic Health Record.

. Managed the preparation of Certificate of Need (CON) application for

Geriatric Psychiatric Services.

Continued...

Roger A. Armstrong, BS, MBA

Page 2

. Negotiated preferred provider agreement with Caterpillar Inc. adding

$17.0 mil in new revenues

. Served as executive sponsor for major I.T. conversion leading to

"Meaningful Use" recognition under A.R.R.A.

. Collaborated with surgeons, nursing management and supply vendors to

improve orthopedic product line. Hospital achieved Blue Cross

Distinction for Ortho Services.

Interim CHIEF fINANCIAL oFFICER Positions

October 2007 to April 2009

Proctor Health Systems, Peoria, IL, April 2009 to July 2009

. Developed and presented financial turnaround plan to the system's

creditors.

. Re-negotiated and strengthened existing Managed Care payer agreements

. Hired as permanent CFO

Indian River Medical Center, Vero Beach, FL, September 2008 to February

2009

. Worked with Senior Nursing leadership to reduce nursing labor costs by

$12.0 million annually.

. Participated in labor contract negotiations with major Nursing Union.

Shasta Regional Medical Center, Redding, CA, October 2007 to April 2008

. Quickly restored financial reporting to outside creditors and the

corporate office. Restored cash flows by improving billing operations.

Implemented point of service (POS) collections program.

Iasis Healthcare, Phoenix, AZ

July 2006 to September 2007

Market Chief Operating Officer / Chief Financial Officer - Arizona market

of Nashville based investor owned company. The region included 3 acute

facilities, 1 psychiatric facility and free standing surgical center.

. Recruited seasoned financial leadership (CFOs and Patient Accounts

Managers) resulting in the stabilization of revenue cycle functions and

financial operations.

. Consolidated separate facilities under one provider number generating

$2.5 million in additional DSH reimbursement and reduced operating costs.

Vanguard Healthcare Systems, Phoenix, AZ

May 2003 to July 2006

Chief Financial Officer - Phoenix acute care facility owned by Nashville

based investor owned company.

Recognized as "CFO of the Year" for fiscal year 2005 by Vanguard Health

Systems.

. Streamlined revenue cycle operations leading to a 12% increase to annual

revenues.

. Retained top revenue cycle talent resulting in a reduction of accounts

receivable days from 85 to 58.

. Implemented point of service collection practices winning corporate

recognition as "best practices"

. Prepared and presented financial feasibility analysis to Vanguard Senior

Management winning approval to launch $110 million hospital expansion

program.

BRIM Healthcare, Nashville, TN

June 1999 to May 2003

Regional Financial Officer - Regional Chief Financial Officer\Consultant

for Nashville based hospital Management Company.

. Provided management direction and financial leadership to hospital based

CFOs.

. Performed financial due diligence reviews on potential management

acquisitions

. Prepared and presented financial forecasts and feasibility studies to Sn.

Management and Client Boards of Directors

Continued...

Roger A. Armstrong, BS, MBA

Page 3

Columbia Healthcare Systems, El Paso, TX

July 1996 to May 1999

Chief Financial Officer - 350 bed investor-owned acute care facility

. Oversaw the development of centralized warehouse and supply distribution

system for West Texas Division.

. Implemented Centralized Scheduling System using RN Admitting Nurses to

fast track physician orders and obtain insurance authorizations which

greatly reduced denied claims.

Mercy Hospital of Pittsburgh, Pittsburgh, PA

July 1995 to June 1996

Interim Chief Financial Officer, 524 Bed Tertiary Care Hospitals

. Worked in collaboration with nationally recognized audit and legal firms

to bring a multi-million dollar Medicare Medical Education (GME)

reimbursement appeal to the CMS National Provider Review Board.

. Developed RFP to select nationally recognized investment banker for $80

million dollar bond refinancing.

National Medical Enterprises (PIA), Asheville, NC

January 1991 to July 1995

Chief Financial Officer - for investor owned dual diagnosis psychiatric

facility offering Adult, Adolescent and Child psychiatric and substance

abuse services.

Memorial Herman Healthcare Systems, Houston, TX

March 1983 to January 1991

(Positions Held)

Chief Financial Officer - Regional Operations - provided financial

leadership to subsidiary holding company

Chief Financial Officer - Matagorda County Hospital District (operated by

Memorial Herman)

. Managed financial turn-around of troubled hospital district- Promoted

to Regional CFO

Financial Controller - Regional Operations- responsible for monthly

accounting consolidations

Education

. Masters of Business Administration, Houston Baptist University, 1990

. Bachelor of Science Degree Accounting, University of Houston CLC, 1977

Licenses / Certifications

. Private Pilot License (PPL)

. 6 Sigma Black Belt Certification, Caterpillar Corp Training Center,

Peoria, IL, May 2011

Affiliations

. Advanced Member Health Financial Management Association-Northern

California Chapter

Volunteer

. Habitat for Humanity Volunteer, Arizona and Illinois

. Board Member of the Peoria Symphony Orchestra, Member since 2009

Military

. United States Army

. Infantry solider, 101st Airborne Division; Decorated Purple Heart and

Bronze Star

Contact this candidate