Sammy L. King
**** ******* **** ***** ? Buford, GA 30518 ? 770-***-**** ?
************@*****.***
CFO / Controller / VP
Analytical, results-driven management professional with significant
experience directing finance / accounting operations and key projects
for multi-billion dollar healthcare firms - generating millions of
dollars in profitable growth. Successful at defining and aligning
business strategies, key resources, and cross-functional teams to
streamline and enhance financial / accounting processes and systems.
Approachable leader with proven ability overseeing financial
reporting & analysis, cash flows, multi-million dollar budgets, G/L
accounting and bookclose processes. Able to adapt to change, thrive
in challenging environments, and overcome roadblocks to success.
Core Leadership Competencies
Accounting & Financial Budget / P&L Accountability
Reporting
Strategic Planning & G/L Accounting Processes / Audit
Execution Compliance
Financial Analysis / KPIs / Team Leadership & Collaboration
Metrics
Resource Planning & Financial Turnarounds /
Allocation Transformations
Professional Experience
HEALTHSOUTH HOSPITAL - Ocala, FL 2011 - 2014
CFO / Controller
Nation leading provider of inpatient rehabilitation services with annual
sales exceeding $4 billion.
Selected to oversee day-to-day financial and accounting operations with $80
million budget and 25 direct / indirect reports. Accountable for financial
reporting & analysis, G&L accounting processes, contract negotiations,
budgeting, staff training & development, regulatory compliance, financial
consulting, strategic financial planning & execution, payroll, and A/P &
A/R activities. Reported to CEO.
. Cut costs by $4 million by identifying opportunities to eliminate outside
vendors and bring services in-house to decrease labor and supply expenses.
. Generated significant revenue growth by supporting the launch of new
healthcare services in areas covering dialysis, radiology, lab, and
transportation.
. Boosted cash flow on hand by 10% by developing and implementing
streamlined collection processes to improve DSO from 45 to 32 days.
. Developed, tracked, and managed an $80 million annual operating budget to
fund hospital startup operations.
. Successfully negotiated favorable contract terms and conditions with
Managed Care Providers, ensuring contracts met service provider standards
per ROI requirements.
. Designed and rolled out organizational-wide training on new reimbursement
guidelines to ensure providers were aware of regulatory requirements and
opportunities for continue growth.
SIGNATURE HEALTHCARE - Louisville, KY 2008 - 2011
Regional Controller
Leading provider of long-term nursing care in Eastern and Southeastern US
with sales exceeding $1 billion.
Oversaw all regional financial, accounting, and budgeting functions for a
large healthcare facility. Led 20 direct reports and 95 indirect reports.
Accountable for financial reporting & analysis, audit programs, process
improvements, annual budgeting, P&L performance, strategic planning &
execution, revenue cycle / billing / collection processes, and weekly /
monthly KPIs for region and division operations.
. Saved $5+ million by developing and launching a company-wide RAC audit
tool to ensure all post-acute facilities were compliant with Medicare and
Medicaid billing guidelines.
. Planned and coordinated successful financial turnaround for 20 long-term
care facilities that were operating in the red with negative operating
margin.
. Slashed operating costs across healthcare facilities by working with
facility CEOs on strategic initiatives to streamline and enhance business
processes / functions.
Signature Healthcare, Continued...
. Established and maintained $200 million in revenue budgets for 20 long-
care facilities.
. Improved DSO from 65 days to 38 days in three-year period by creating and
rolling out policies and procedures to identify and collect outstanding
balances in a timely manner.
. Turned around and improved operating margin from negative 10% to positive
18% in three short years by implementing a better procurement system to
eliminate wastes based on lean methodologies.
. Led a cross-functional team to develop and deploy a new enterprise
financial and clinical system for all hospitals and post-acute facilities
- completing project on time and budget.
. Achieved regulatory compliance by devising and executing audit programs
that were tightly integrated with existing business objectives and
inherent risks of area under review.
UNITED HEALTH SERVICES (Pruitt Corporation) - Norcross, GA 2007 - 2008
Regional Financial Manager / Director
Multi-billion dollar regional healthcare provider.
Directed financial and accounting activities with 120 direct / indirect
reports. Accountable for G/L accounting functions, trust fund processes,
financial reporting & planning, cost containment, month-end bookclose
processes, variance analysis, cash management, and process improvements.
. Spearheaded finance and accounting team responsible for processing
accounts receivables / payables, trust funds, and general accounting
functions for a privately-held firm with revenues exceeding $1.5 billion.
. Decreased operating costs by leveraging best practices to identify,
contain, and minimize expenses across operations.
. Identified and mitigated accounting variances by preparing and submitting
monthly financial reports to review and capture opportunities to reduce
operating expenses.
. Led numerous initiatives to streamline and improve revenue cycle
processes.
. Served as part of a committee responsible for transitioning company from
being de-centralized to having all AR, AP, and GL accounting functions
centralized.
SUN HEALTHCARE-SUN BRIDGE - Atlanta, GA 2006 - 2007
Regional Accounting Manager
Regional long-term healthcare provider.
Provided regional accounting support that included reviewing A/R balances
and setting / achieving cash flow goals for facility on a monthly and
quarterly basis. Tracked and managed financial plans and submitted progress
reports to senior leadership.
REGENCY HOSPITAL COMPANY - Alpharetta, GA 2003 - 2007
Senior Supervisor, Revenue Accounting
Long-term acute care hospital.
Developed revenue projections for acute, critical access, and long-term
acute care hospitals. Prepared and reconciled cash to G/L accounts as well
as net A/R schedules. Developed charge-capture analysis to optimize and
maximize cash flows. Created and filed Medicare cost and credit balance
reports with fiscal intermediaries. Planned and coordinated month-end
bookclose processes. Performed trend analysis to develop more effective and
efficient processes.
Previous Experience:
. Revenue Cycle Consultant / Project Manager, Perot Systems Health Care,
Atlanta, GA (2001-2003)
. Auditor, Arthur Andersen LLP, Chicago, IL (1998-2001)
Education
. Masters in Healthcare Administration, University of Southern California,
Los Angeles, CA
. Masters in Business Administration, Shorter University, Rome, GA
. Bachelor of Science in Accounting, Miles College, Birmingham, AL
Training, Seminars & Memberships
Medicare Credit Balance Reporting Seminar
Medicare Cost Reporting Seminar
HFMA (Healthcare Finance Management Association) Revenue
Cycle Strategy Training
Leadership Seminar
ERISA Seminar
Institute of Internal Auditors Association
American College of Healthcare Executives (Active
Member)
Project Management Institute
Kappa Alpha Psi Fraternity Inc. (Active Member)
IMA (Institute of Management Accountants)
VITA (Volunteer Income Tax Assistance)
Lean Six Sigma Trained
Population Health Management
Contract Negotiation Training Seminar University of
Southern California