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Financial Medical

Lakewood, California, United States
October 31, 2016

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TERRI L. DAVIS 562-***-****

**** **** ***** ****** ****: 562-***-****

Lakewood, California 90713

A senior financial executive and licensed tax professional with more than 25 years of experience in financial reporting, budget preparation, analysis, forecasts, general ledger closing, payroll and accounting for Non-Profit and Profit facilities, including hospitals, physician/medical groups and HMOs. Experience encompasses multi-facility leadership and hands-on management style. Annual revenues in excess of $500 Million. Provided Consulting and Interim Chief Financial Officer and Controller services. Utilized GAAP (Generally Accepted Accounting Principles) for all financial reporting and internal controls.


University of Phoenix, Fountain Valley, CA.

Masters of Business Administration, 1996

Loyola Marymount University, Los Angeles, CA.

Bachelor of Science, Accounting, 1981


Diverse Financial Resources & Tax, Lakewood, California 2001-Present

Sole Proprietor

Provided accounting and tax filing services to individuals and businesses, including e-filing. Business services include Federal and State Returns filed, bookkeeping and financial reporting. Payroll and 1099 reporting.

Temporary/Interim Assignments:

Parker & Lynch - Burbank, CA

Planned Parenthood of Pasadena, Altadena, CA. August 2015 - June 2016

Interim Chief Financial Officer

Led successful Financial Audit, 401K Audit, Workers Comp Audit and Tax Preparation, including Disclosures and processes including GAAP. Completed annual and monthly reconciliations for Accounts, Payroll and Development. Developed Payroll review process. Developed internal controls and monthly procedures. Property tax filing. Financial Reporting, variance analysis statistics, and financial analysis of clinic revenue and costs. Annual ACA (Affordable Care Act) Employer filing. Completed Operating budget for the fracility, including department level budgets and cash flow 2016-17. Improved Net Revenue through detailed revenue analysis and reduced expenses through the implementation of tighter payroll controls (Payroll represents 50% of total costs). ..

Robert Half International, Cerritos, CA.

InterValley Health Plan, Pomona, CA June - August 2015

Interim Controller

Medicare DRG (Diagnostic Related Groups) Training of VPs, Power Point presentation and schedules. Reviewed Medicare Claims for accuracy and completed detailed analysis. Developed Outlier calculation by year. Completed Annual Financial Disclosure. Completed Annual Reconciliations Analyzed Risk Pool settlements. Completed Financial Reporting.

Citizens Choice Healthplan, Inc., Cerritos, California 2012 - 2014

Chief Financial Officer (Staff) July 2013 - October 2015

CFO-Consultant (Alternative Solutions, Torrance, California) September 2012 - July 2013

Medicare Advantage Health Plan, Serving Medicare eligible Seniors in several counties: Los Angeles,

Orange, Riverside and San Bernardino. Responsible for Financial Operations of the Health plan,

Developed Income Statement Projections and Budgets for 2013 – 2017 at a Company-level.

Completed Monthly and Annual Analysis compared to Similar Competitors in the Industry.

Developed Capital Expenditure Requests and Procedures, including Useful Lives for different asset classes.

Developed Monthly Travel & Mileage reimbursement policy.

Established Trend Reporting for Monthly Income Statements, to ensure better financial reporting and analysis.

Completed Responses to the Department Managed Health Care and Medicare Audits.

Reviewed weekly claim check payments, according to Diagnosis related groups (DRGs), APC and Surgery codes.

Developed Year-end procedures for Accounts Payable 1099 Reporting and Financial Audit.

TERRI L. DAVIS Page 2 of 3

Citizens Choice Health Plan

Chief Financial Officer (Continued)

Developed Payroll Review and Processing systems to ensure accurate payment and controls.

Completed Expansion Filing with Projections, including cash flow, Tangible Net Equity and Income Statements. (Approved by DMHC).

Reconciled Medicare Part A/B (Hospital & Medical Insurance) and Part D (Drug Plan) revenues to ensure correct financial statement reporting, actual versus budget.

Reviewed and updated Balance Sheet and Bank Account Reconciliations.

Completed Special Projects with outside Actuaries, CPAs and Consultants.

Established internal controls for separation of duties in preparation for annual audits.

Completed 2012 & 2013 Financial Audit with analysis, documentation of internal controls, and 2011 vs. 2012 fluctuations.

Completed Annual 5500 Questionnaires and Compliance Tests.

Impletmented collection of provider receivables for Capitation accounts to improve cash flow. (First time in Plan history collections were billed, documented and received).

Financial Due Diligence work completed for potential and new owners, 9 months of work including presentations. (Facility sold in 2014).

Tri-City Regional Medical Center, Hawaiian Gardens, California 2011-2012

Interim Chief Financial Officer (Temporary assignment )

107 licensed bed Non-profit facility, Serving primarily Medicare, Medi-Cal, PPO and Workers

Compensation patients. Responsible for the Financial Division of the facility and Case Management

to include Cost Reports, Bank Accounts and Cash management, Operating, Statistics and

Capital budgets, Internal controls, financial statements and income tax reporting.

Developed Annual Operating, Capital and Statistics budgets, including detail department-level salary budgets.

Implemented internal controls to ensure vendor payments had effective documentation and matched contractual agreements.

Developed financial reporting to include variance reporting; comparison to prior month and prior year financials and statistics.

Implemented Capital purchase procedures, forms and approval levels and DNV Survey requirements with a 3 year strategic budget.

Implemented payer-level reporting and development of Revenue contractuals to ensure estimates matched actual reimbursement percentages.

Prepared Annual financials with detailed procedures, review of reconciliations and annual accrual estimates for year-end financial audit.

Established Medicare Recovery Audit Contractor (RAC) monitoring and reporting by DRGs and Physicians.

Established Medicare Recovery Audit Contractor appeal processes to reduce loss of income.

Identified cost savings of Salaries, Purchased Services and Supplies.

Presented improved Financials and Statistics to Board Members as a basis to make better operating decisions and meet future goals.

Memorial Hospital of Gardena, Gardena, California 2001-2011 (Ten years)

Chief Financial Officer

172 bed licensed facility Serving primarily Medicare and Medi-cal insured patients, Managed Care and Uninsured patients. 103 acute beds/ 69 Sub-acute beds. Reporting Cost Reports, disproportionate Share reporting, Analysis, Audits, Operating and Capital Budgets, All tax reporting annual, quarterly and monthly. Responsible for Patient Billing, Admitting, Medical records, Purchasing, Information Systems, Accounting, (General Ledger, Accounts Payable & Payroll). Dietary/Cafeteria, Pharmacy, and Rehabilitation services). Responsible for supporting over 60 departments.

Restructured daily cash management to reduce debt obligations and Accts. Payable days while ensuring payment of all liabilities within terms.

Increased Disproportionate share funding, $1 million annually, through accurate OSHPD reporting.

Reduced supply and purchased service costs through consistent review of vendor contracts.

Reduced labor costs and overtime by implementing daily labor productivity tool.

Improved financial operations of previously losses to profit margins of over 10% annually, for over 4 years.

TERRI L. DAVIS Page 3 of 3

Memorial Hospital of Gardena

Chief Financial Officer (Continued)

Completed OSHPD, Medicare and Medi-cal Cost reporting and audits.

Completed CMAC funding proposals for Disproportionate programs with annual awards.

Managed all strategic analysis, operating and capital budgets, and statistic budgets.

Completed Risk Pool settlements for four different groups; 36,000 members.

Completed Cost Analysis for profit Surgery Services Lines, existing and proposed lines.

Responsible for Personnel Action Form processing of rates: New Hires, Annual performances and adjustments. Ensuring rates are commensurate with experience and within ranges.

Developed strong IT support for Patient Billing, Medical Records, and Case Management, including Relative Value Units update and reporting.

Implemented weekly Finance/Case Management teams to increase net revenues.

Developed policies and procedures to increase internal controls.

Developed reporting for adequate Malpractice and Workers Compensation reserves.

Successfully completed Business Interruption claims – Received millions of Dollars for the facility.

Responsible for high level reporting of reserves, borrowing base and procedures for two-facility system.

Coordinated with auditors, bank representatives, and government agencies.

Led successful Annual Audit and Tax Preparation.

401K Plan Administrator, for over 200 participants.

Board Member, submitting financial presentations monthly.

Senior Chief Financial Officer for two-facility system.


Planned Parenthood of Orange and San Bernardino Counties, Orange, California

Vice President of Finance and Operations 1999-2001

Seven Family Planning and Prenatal Clinics including WIC, Title X and several Administrative divisions.

Responsible for all Financial Reporting, Audits, Patient Billing, Purchasing, Information Systems, Operations, Insurance, Budgets, Incident reporting and Financial Board Reporting. Filed reports for WIC, Title X, Bureau of Census, Grants and Contract Reporting and proposals. Investment Member and Board Member. Non profit Facility.

Medpartners, Long Beach, California 1998 -1999

Regional Controller–Multi-facilities (Sold after 6 months of employment)

Nine Physicians owned Medical Groups – 40 Medical Clinics for Inland Empire. Directed Accounting Operations for the Inland Empire, Riverside, San Diego, Arizona and Nevada.

Watts Health Systems and United Health Plan, Inglewood, California 1997-1998

Corporate Controller–Multi-facilities

Corporate Office, HMO and Community Clinics. Six companies: For Profit and Not for Profit. Responsible for accounting operations to include: Payroll, Accounts Payable, General Ledger, and Patient Billing. Responsible for over 6 Companies: For Profit and Not for Profit.

Charter Community Hospital, Hawaiian Gardens, California

Chief Financial Officer (1997–1998) – Charter Medical Corporation 1988 -1997

Chief Financial Officer (1990–1997) – FHP. Inc.

Controller (1988-1990) FHP, Inc.

137 licensed bed facility: Acute Care / Managed by FHP (Family Health Program)Responsible for all financial reporting: Medical Records, Admitting, Patient Billing, Purchasing, Information Systems/Data entry, Accounting Dept. and Volunteers.

Pacific Health Resources, Los Angeles, California 1981-1988

Financial Analyst (1985-1988)

Accountant (1981-1985)

Corporate office of Several Acute Care Hospitals. Responsible for supporting Hospital operations of seven Hospitals in the Lutheran Hospital system, including construction accounting, financial analysis, general ledger maintenance and taxes.


Licensed & Registered Tax Preparer California Tax Education Council (CTEC) 1993 - Present

Licensed Life & Accident Health Agent June 2011 - Present

Licensed Property & Casualty Agent Sept.2013 - Present

References: Available for upon request.

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