Marcus A. Armstrong, CPA, MBA, FHFMA

*/*/****

**** **** ***** **** *** Vegas, NV 89134

916-***-****

acwsev@r.postjobfree.com

https://www.linkedin.com/in/marcus-armstrong-912aa714

EXECUTIVE SUMMARY

A charismatic executive with over 25 years of experience in public accounting, consulting, rural and urban hospitals, behavioral health, rehabilitation agencies and a large health plan. Very strong at building relationships and influencing others with both hands-on experience and oversight of accounting, budgeting, financial forecasting and analysis, debt financing, revenue cycle operations, reimbursement, and process improvement. A desire to apply this extensive skillset and rare leadership talent toward the financial and operational success of a vital technology and defense company.

EXPERIENCE

HEALTHCARE COST OUTCOMES DIR Anthem Blue Cross Blue Shield

Las Vegas, NV

August 2015 – Present

• Coordinates the ideation and implementation of cost of care savings initiatives for the Nevada plan market.

• Serves in a project manager capacity to conduct periodic ideation and process meetings, remove roadblocks and identify resources requisite to implement cost savings ideas.

SYSTEM DIRECTOR ACCOUNTING The Valley Health System

Las Vegas, NV

June 2014 – May 2015

• Supervised G/L, A/P and Payroll department with a full team of 27 professionals and the following direct reports: two Controllers, four Payroll Coordinators and a Financial Analyst.

• Monthly accounting, annual budgeting, weekly disbursements and periodic financial analyses for six acute hospitals in Nevada.

• Consistently met UHS preliminary GL close monthly deadline of 6th business day using McKesson Fiscal Management 15.1.1 GL system.

• Proficient with reporting tools including Oracle Hyperion budgeting, SMS Invision patient accounting, HQ revenue cycle, and McKesson ERP report writer.

CHIEF FINANCIAL OFFICER Bear Valley Comm Healthcare District

Big Bear Lake, CA

September 2013 – June 2014

• Responsible for accounting, disbursements, budgeting, business office and purchasing functions for a 30-bed rural sole community hospital and two rural health clinics (RHC’s).

• Reported the financial condition of the hospital and corresponding strategic interventions and initiatives to the district board monthly.

• Business office enhancements to include engagement with consultant to improve processes, right-size staffing and make technical improvements to charge capture and billing.

• Integral in procurement of benchmarking vendor and database for use in service line review and subsequent segment discontinuation.

• Active participation on committee to seek hospital affiliation partner.

• Assisted with continued process improvements associated with the recent implementation of the CPSI electronic health record and general ledger.

• Served as acting CEO when CEO is away on vacation.

CHIEF FINANCIAL OFFICER Carson Valley Medical Center

Gardnerville, NV

June 2010 – July 2013

• Responsible for all financial, reimbursement and procurement functions of 23-bed Critical Access Hospital and six clinics, including two RHC’s.

• Reduced the monthly G/L close from 20 days to 5 days after period end using Lawson G/L software.

• Worked with business partner to develop volume-based clinic physician performance model to drive clinic and hospital volumes.

• Integral in operational decision-making while CEO took frequent vacations.

• Expert at building rapport with physicians and community paramedics to help drive volume.

• Assisted the CEO in the successful renegotiation of physician contracts.

• Negotiated $3M capital lease & $8.7M bond refinancing for equipment, EHR implementation and medical office building acquisition.

MANAGER HFS Consultants

Oakland, CA

March 2008 – June 2010

• Contracted as Interim CFO and Controller of various California community hospitals, including one district critical access hospital.

• Preparation of Medicare, Medi-Cal and OSHPD cost reports.

• Audited patient A/R of county hospitals as subcontractor to CPA audit firm.

• Reimbursement consulting to include A/R valuations and cost report appeals.

ADMIN DIRECTOR OF FINANCE Sutter Center for Psychiatry

Sacramento, CA

June 2004 – March 2008

• Oversight of financial statements and budgets for a 69-bed psychiatric hospital with supervision of Plant Operations, HIM and Purchasing.

SENIOR REIMBURSEMENT ANALYST Sutter Health

Sacramento, CO

July 2002 – June 2004

• Prepared Medicare and Medi-Cal cost reports for affiliate hospitals

• Worked with Medicare and Medi-Cal program auditors to accurately finalize cost reports.

• Maintained the contractual allowance template used by affiliates in reporting monthly A/R.

VARIOUS

June 1987 – July 2002

• Three years in public accounting, five years as Controller and CFO for two rehabilitation agencies and one hospital, and six years in reimbursement consulting for hospitals and SNF’s, to include preparation of Medicare and Medicaid cost reports and associated appeals and reopenings.

EDUCATION

University of Phoenix October 2009

MBA HealthCare Management

College of the Ozarks May 1987

BS in Business Administration w/Accounting emphasis

PROFESSIONAL CERTIFICATIONS /COMMUNITYINVOLVEMENT

Fellow of the Healthcare Financial Management Association (FHFMA)

Certified Public Accountant

HFMA Nevada Chapter Board Vice-President, Secretary & Sponsorship Chair

Member of American College of Healthcare Executives (ACHE)

Leadership Douglas County

Douglas County Community Emergency Response Team (CERT) member

Chartered Org. Rep. and Committee Chair for hospital-charted Boy Scout troop

Private Pilot Single and Multi-Engine Instrument Ratings

SKILLS

Strategic Analysis

Physician Relations

Collaborative Leadership and Teambuilding

Staff Development

Operating and Capital Budgets

Financial Forecasting

Cash Flow Forecasting

Reimbursement and Net Revenue Expert

High Degree of Software Literacy

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