Management Financial

M r. K I M F E T T E R M A N, C PA, C T P

Phone: 609-***-****

Voorhees, NJ 08043 Email: ***********@*****.***

CFO/V.P. OF FINANCE/CONTROLLER

Senior financial executive with experience in all facets of accounting and financial management. CFO for five companies and

interim CFO/COO for nine companies. Highly skilled in collaborating with all members of the organization to achieve business

and financial objectives. Adept at streamlining financial processes, enhancing productivity levels, and introducing process

improvements. Proficient in several general ledger systems, budgeting, and industry-specific information systems.

AREAS OF EXPERTISE

Financial Reporting & Consolidation Financial Management & Accounting Benefit Plans

Budget Management & Forecasting GAAP Compliance & Auditing Process Improvement

Systems Enhancements Investment Management Pension Funds

Long-Term Strategic Planning Procurement of Project Financing Debt Restructuring

KEY SKILLS ASSESSMENT

PROGRAM DEVELOPMENT - General management and technical knowledge.

INTEGRATION OF INFORMATION SYSTEMS - Efficiency and demonstrated savings.

NATURAL LEADERSHIP – Financial strategies assure profitability.

PROFESSIONAL EXPERIENCE

WOODCOCK WASHBURN LLP, PHILADELPHIA, PA 2008

– 2014

CHIEF FINANCIAL OFFICER

Provided leadership and direction to all aspects of accounting, financial management, cash management, and controllership.

Reviewed monthly, quarterly, and annual financial statement closing process, which included all tax and pension-required

filings. Prepared and presented the management's financial reports to the finance committee, which aided in short term and

long-term strategic decision-making processes. Completed quarterly bank compliance reporting, daily cash management,

vendor management, budgeting, accounts receivable, client billing and accounts payable.

KEY ACHIEVEMENTS:

• Worked with the Finance & Policy Committees to amend the partnership agreement to increase profits for the partners.

• Completed negotiation of a $10 million debt restructuring to save $350,000 in the next three years.

• Increased cash by 286% ($1.2 million), decreased A/R by 21% ($4.8 million), decreased A/P by 51% ($3.9 million),

and reduced the line of credit balance by 100% ($2.5 million) by the end of the first year by completely revamping the

balance sheet.

• Worked with the executive director and equity partners in the search for a firm merger partner and subsequent

integration analysis.

• Completed several successful Elite accounting and billing system upgrades that enhanced processes and reduced A/R

balances.

TATUM LLC, PHILADELPHIA, PA 2003 – 2008

CFO PARTNER

Provided interim CFO & COO management and project consulting to companies as a member of a national executive

consulting firm of 37 offices and more than 1,000 professionals. Served as contract CFO for six different healthcare companies

while streamlining financial operations, enhancing reporting, and increasing profitability.

KEY ACHIEVEMENTS:

• Completed $90 million bond offering for a Rehab Health System.

Mr. Kim Fetterman, CPA, CTP Resume, Page 2

• Developed capital budgeting and executive reporting systems (dashboards) for a $600 million healthcare system,

providing strategic information and transparency for executive management.

AMERICA’S CHOICE HEALTHPLANS, KING OF PRUSSIA, PA 2000

– 2003

SENIOR VICE PRESIDENT, OPERATIONS & FINANCE AND CHIEF FINANCIAL OFFICER

Third party administrator of health claims for self-insured employers for a venture capital-backed $10 million revenue web

based start-up. Reported to the president and Board of Directors.

KEY ACHIEVEMENTS:

• Decreased process inventories by more than 70%, resulting in more than $1.2 million in annual savings by re-

engineering processes and eliminating unnecessary review steps.

• Led expense reduction/profit enhancement project, yielding $2.4 million over a six-month period.

• Led finance, claims processing, call center, eligibility, human resources, and information technology departments as

part of the financial turnaround from $400,000 monthly cash burn to a positive EBITDA.

FETTERMAN & ASSOCIATES, VOORHEES, NJ 1996 – 2000

PRESIDENT/FOUNDER

Created a financial and operations consulting firm serving healthcare companies as contract CFO/COO.

KEY ACHIEVEMENTS:

• Prepared and implemented a new business plan and re-engineered procedures and processes to turn around a company

from $2.5 million annual losses to profitability.

• Provided interim CFO services while assisting client to re-engineer processes, collect A/R, and restore profitability

prior to selling the company.

RELATED EXPERIENCE

UNDERWOOD-MEMORIAL HEALTH SYSTEM – WOODBURY, NJ 1994 – 1996

VP FINANCE AND CFO - 310 bed Hospital and subsidiaries

• Linked Finance & Long Range Planning Committees through use of financial modeling for more relevant information

to the non-financial Board and Board Committees.

• Completed market demand analysis, pro forma of operations, financing and startup of several new service offerings.

LAUREL HEALTH SYSTEM, WELLSBORO, PA 1990 – 1993

VP FINANCE AND CFO

• Negotiated a $7 million private placement financing of new capital additions with a bank consortium, saving over $3

million in total payments and costs over bond financing.

• Increased physician office profitability through FQHC reimbursement designation by $200,000 annually.

BAPTIST HEALTH CARE SYSTEM, NASHVILLE, TN 1986

– 1989

VICE PRESIDENT, FINANCE

• Community Health System with a 759 bed Hospital and several related subsidiaries.

GEISINGER HEALTH CARE SYSTEM, DANVILLE, PA 1983 – 1986

VICE PRESIDENT, FINANCE, TREASURER AND CFO

• Integrated Health System with over 1,500 beds under mgmt; Hospitals, SNFs, Physician Offices and more.

ERNST & YOUNG, PHILADELPHIA, PA ; MANAGER Served primarily health care clients. 1976 – 1983

E DUCATION & TRAINING

Bachelor of Science, Accounting, University of Denver, Denver, CO, 1976

Certified Public Accountant, Commonwealth of Pennsylvania, 1983

Master of Business Administration, General Management, Syracuse University, Syracuse, NY, 1993

Certified Turnaround Professional, Turnaround Management Association, 2004 - Present

AFFILIATIONS

Mr. Kim Fetterman, CPA, CTP Resume, Page 3

Member, AICPA & PICPA, 1983 – Present

Advanced Member, Healthcare Financial Management Association, 1976 – 2000

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