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CFO/Vice President of Finance

Location:
Eustis, Florida, United States
Salary:
120,000 to 150,000
Posted:
January 21, 2017

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William Means

***** ****** *** ******, ** ***** acyd69@r.postjobfree.com 352-***-****

SUMMARY

Over 35 years' experience hiring, directing and developing financial staff to ensure compliance with all GAAP, State and Federal rules and regulations. This experience includes both non-profit and for-profit hospitals and home healthcare agencies plus manufacturing and commercial printing. Companies ranged in revenues from a few million to hundreds of millions and staffing from just a few to hundreds; some were well-established companies while others were new start-ups. Cost Accounting was used to identify pricing and production errors increasing annual profits by over $6MM. I opened a private home healthcare agency in the San Francisco Bay area and developed it into one of the area's largest providers. Having successfully defended multiple Medicare and government financial audits I have generated savings and increased annual cash collections by thousands of dollars with at least one case providing more than $1MM.

EXPERIENCE

Means PA, Eustis, FL 2011 – Present Consultant/Part Time Accountant

My last project was with Black Bear Club for 10 hours per week,

as the Interim Director of Finance (3/2011 – 5/2015), where I:

•Reconciled the bank and balance sheet accounts, calculated and paid state sales tax and booked the daily cash deposits

•Paid invoices, recorded payroll, calculated and entered monthly journal entries for revenue, depreciation, accruals, and petty cash expenses.

•Developed accounting policies and procedures and standard data entry forms.

• Wrote employee handbook.

Means Home Health Services, Inc, San Jose, CA 1992 - 2005 Owner / Chief Financial Officer

$6MM net annual budget for privately held corporation.

•Started Medicare Certified, state licensed and JCAHO Accredited full service Home Health Agency with a private duty division. I initially performed all the accounting duties, including: Billing/Collections, A/P Purchasing, in-house P/R, H/R, G/L, Cash Flow Management, and a 3-office MIS network. As revenue grew in excess of $6MM, I hired, trained and managed staff to perform these duties.

•Prepared bank and G/L reconciliations, bank relationships, contract negotiations, and monthly financial reporting.

•Responsible for marketing programs, brochures, writing of policies and procedures for state licensing approval and designing over 300 patient forms for easy use in the field.

George Lithograph, Inc, San Francisco, CA 1990 - 1992 Chief Financial Officer

$40MM net annual budget for privately held corporation

Negotiated with bank not to call in our loans and give me time to turn company around. Met monthly with bank officer to review financials, discuss our progress towards profitability, and upcoming events.

•Developed cost department to identify pricing and production errors increasing annual profits by $6MM.

•Restructured estimating department to reflect actual press speeds, ink coverage, and material costs.

•Established new policies and procedures to control costs and negotiated new capital equipment leases to provide faster speeds at lower cost.

•Returned company to profitable status in 6 months and then negotiated lower interest on existing loans.

•Reviewed all contracts prior to any attorney reviews’.

•Responsible for all financial areas including A/P, P/R, G/L, Estimating, MIS, receptionist, Billing/Receivables, Credit Line Approvals, and H/R. Prepared and presented financials to CEO and Board of Directors.

French Hospital, San Francisco, CA 1987 – 1990 Controller/Chief Financial Officer

$70MM net annual budget for non-profit corporation

200 Acute Medical/Surgical Beds, 25 Behavior Health beds and 25 Long Term Rehabilitation Beds

• Organized accounting areas and cleared a two-year billing backlog.

•Reconciled management reports and re-trained staff for proper coding and data entry.

•Prepared financial analysis for potential buyers. Assisted new owners during transition.

•Supervised patient registration, A/P, A/R, G/L, billing, MIS, financial reporting, budgeting, pricing, and payroll.

•Worked with Medicare auditors and negotiated changes providing additional reimbursement in excess of $1MM.

Memorial Hospital of Gardena, Gardena, CA 1986 - 1987 Chief Financial Officer

• Hospital with annual net revenues of $60MM and 5-8% growth each year. Annual profits in excess of $5M.

•Prepared reports comparing actuals to budget for distribution and analysis by the Board of Directors, Executives, and Managers.

•Developed systems for quick calculation of contractual reserves.

•Supervised patient registration, A/P, A/R, G/L, billing, MIS, and payroll.

•Guided department heads in the development of the annual budget and pricing schedules.

Hospital Corporation of America, Nashville, TN 1975 – 1985 Controller/Director/CFO

Hospital Departments Responsible for Include:

Controller: general ledger, accounts payable, payroll, and depreciation,

Director of Information Systems: System maintenance for registration, billing, cash collections, personnel, payroll, receivables, general ledger, and report generation. Also maintains PBX system,

Business Office Manager: Admissions, billing and collections,

Materials Management,

Medical Records and Case Management.

Preparing monthly, quarterly, and annual financials. Prepare and defend annual Medicare cost reports.

Present financials to department managers, executives, corporate managers, and Board of Directors.

Reconciliation of Balance Sheet accounts including all bank accounts

Prepared annual operating and capital budgets

Defend hospital against negative adjustments by external auditors

Converted multiple hospitals from manual accounting system to HCA computerized financial system.

Developed and managed the Corporate Customer Support Center. As Manager I was responsible for:

Developing and presenting training classes to each division several times a year. Classes lasted a full week and covered Hospital Profile, G/L, A/P, A/R, P/R and their impact on all reporting,

Establishing call center for questions, problems, or special request programs. Center grew to over 3,000 calls per month,

Responsible for maintaining repair/QA list, scheduling the fix based on urgency and budget or develop a work-around process,

Developed a QA center to test all programs prior to releases. This included the base financial system and the new stand-alone systems for Admissions, Personnel/Payroll, and Pharmacy.

Director of Financial Systems, East Region, with responsibility for assisting all region hospitals with their financial duties and MIS

EDUCATION

California Polytechnic State University, San Luis Obispo, CA 1967 – 1971

BS - Business Administration • Finance and Property Management

William Means

History of Work Dates, Addresses, Supervisor’s, & Pay Rates

01/2011 to Present Consultant/Part Time Accountant

Means PA

36718 Oconee, Eustis, FL 32736 (352) ***-****

Supervisor: Self Employed Pay: $30-75/hr

01/1992 to 02/2005 Owner / Chief Financial Officer

Means Home Health Services

1630 Old Oakland Rd, San Jose, CA 95131 (408) ***-****

Supervisor: co-owner’s Brenda Means, CEO & myself Pay: $60k - $185k ($29 - $89/hr)

01/1990 to 01/1992 Chief Financial Officer

George Lithograph, Inc

650 Second St, San Francisco, CA 94107 (415) ***-****

Supervisor: Curt Taylor, CEO Pay: $110K ($53/hr)

01/1987 to 01/1990 Controller/Chief Financial Officer

French Hospital

4131 Geary Blvd, San Francisco, CA 94118 (415) ***-****

Supervisor: Mike Choate Pay: $90K ($43/hr)

01/1986 to 01/1987 Chief Financial Officer

Memorial Hospital of Gardena

1145 W. Redondo Beach Blvd,, Gardena, CA 90247 (310) ***-****

Supervisor: Seth Ellis, CEO Pay: $90k ( $43/hr)

08/1975 to 12/1985 Controller/Chief Financial Officer/Director Hospital Corporation of America

One Park Plaza, Nashville, TN 37203 (615) ***-****

Pay: $50k - $80k ($24 - $38/hour)

Supervisor: Frank DeMarco, CEO Byerly Hospital, Hartsville, SC

Dennis Achilles, AVP Information Systems, Corp. Office, Nashville, TN

Joe Hodges Senior VP, Information Systems, Corp. Office, Nashville, TN

Dale Morgan, CEO Roseburg Hospital, Roseburg, OR

EDUCATION

Palmdale High School, Diploma (09/1962 – 06/1966)

2137 E. Ave R, Palmdale, CA 93550 (661) ***-****

California Polytechnic State University, BS 01/1967 – 12/1971

Business Administration, Finance and Property Management

1 Grand Ave, San Luis Obispo, CA 93407 (805) ***-****



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