Accounts Payable Management
Resume:
Timothy Stecker
Oak Park, IL *0301
Email: **********@*****.***
CFO/Senior Financial Executive with a track record of improving bottom-line performance through cost reduction, contract negotiations and revenue management. Extensive knowledge of managed care, healthcare finance, the healthcare delivery system, health plan operations, and healthcare data analysis.
Experience
Riveredge Hospital, Forest Park, IL (Sept, 2013 -Present)
A 210 bed – In-Patient, Residential Treatment, Partial Hospitalization, Intensive Out-patient, Medical Management Outpatient clinic, JCAHO accredited, Behavioral Hospital.
Chief Financial Officer
Led staff in the functions of Accounting, Accounts Payable, Payroll and Business Office.
Negotiated new managed care contracts and letter of agreements increasing commercial revenue reimbursement
Transitioned hospital as the State of Illinios rolled out new Managed Medicaid programs thru case management and denial meetings.
Implemented weekly meeting regarding management of Accounts Receivable decreasing the balance by 21% or 16.2 days.
Working with all departments to increase bottom line performance, exceeding prior year EBITARM by 14% and surpassing budget for 2 years.
Maintain compliance with Sarbanes/Oxley requirements, policy and procedure education and implementation for facility.
Function as Administrator on Call for facility, covering all administrative issues.
Part of leadership team implementing a service excellence program for the hospital to improve patient care and employee satisfaction
Kindred Hospital - Denver, Denver, CO (May, 2003 –Sept., 2013)
A 68 bed - 64 med/surg and 4 ICU beds, JCAHO accredited, Long Term Acute Care Hospital servicing the metro Denver area.
Kindred Hospital - Aurora, Aurora, CO (June, 2010 –Sept., 2013)
A 38 bed JCAHO accredited, Long Term Acute Care Hospital servicing the metro Denver/Aurora area.
Chief Financial Officer
Led staff in the functioning of Accounting, Accounts Payable, Payroll, Materials Management and Business Office, and Case Management.
Chief Financial Officer over two Denver metro area hospitals.
Handled all administrative responsibilities, physician issues, and survey issues while still maintaining all financial responsibilities of CFO role. Function as Administrator on Call for facility, covering all administrative issues.
Negotiated new managed care contracts and letter of agreements increasing commercial revenue reimbursement by 11%.
Timothy Stecker
Implemented weekly meeting regarding management of Medicare patients identifying discharge barriers resulting in an increase of reimbursement of 3%, but factoring in the decreases in Medicare DRG reimbursement for the LTACH industry, resulting in a 8% increase.
Working with all departments to increase bottom line performance, exceeding prior year EBITARM by 74% and surpassing budget by 86%.
Maintain compliance with Sarbanes/Oxley requirements, policy and procedure education and implementation for facility.
Part of leadership team implementing a service excellence program for the hospital to improve patient care and employee satisfaction. Employee turnover decreased from 27% to 18% and patient satisfaction increased resulting in a score of 4.61 on a scale of 1 to 5; 5 being excellent.
Mediplex Specialty Hospital (Sun Healthcare System), Thornton, CO (June, 2001 – May, 2003)
A 117 bed, JCAHO accredited, Long Term Acute Care Hospital consisting of 3 business lines – a 23 bed psych unit, a 24 bed SNF level ventilator unit, and a 70 bed Med/Surg unit. Also includes 6 outpatient therapy clinics in the Denver Metro area.
Chief Financial Officer
Responsible for supervise Accounting, Accounts Payable, Maintenance, Medical Records, Payroll, and Business Office for two business entities.
Initiate and Maintain 7 separate financial statements for the hospital and 6 out patient therapy clinics analyzing the financial viability of 3 product lines in the hospital and each outpatient clinic.
Develop and implementation of hospital and outpatient clinic fiscal budgets
Presentation of financial results monthly to board of directors
Set and monitor cash collections, accounts receivable goals, A/R trends and days revenue outstanding.
Compile and present ad hoc financial pro forma’s, reports, analysis and feasibility studies for new product lines resulting in the creation of the respiratory skilled nursing unit.
Early Career History
Rocky Mountain Cancer Centers; Denver, CO; State Controller (June, 1999-August, 2000)
New West Physicians; Lakewood, CO; Controller (July, 1997-June, 1999)
Life Care Centers of America, Aurora, CO, Controller (1994-July, 1997)
Education
Certified Public Accountant - State of Colorado
Bachelor of Business Administration – Accounting, University of Wisconsin-Milwaukee,
Milwaukee, CO (1990)
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