CHARLES CAVE, CPA

**** ****** **., **** *****, **305

ad3s3r@r.postjobfree.com

281-***-****

Executive Summary

Results driven CFO with over forty years of progressive experience in the field of Finance. Extensive experience in health care, delivering the highest quality performance over audit, budgeting, tax, and the management of professional staff. Expertise in the management of billing and collections, capitalization and development of start-up organizations, and the maximization of revenue and reduction of expenses.

Skill Highlights

Financial Reporting Strategic Financial Planning

Management of Costs Revenue Enhancement

Billing and Collections Construction and Start-Up

BUSINESS EXPERIENCE

Chief Financial Officer of Wilbarger General Hospital, Vernon, TX (Aug. 2021 – Current)

CFO of a small County facility in Vernon, TX with gross revenue of $77 million.

Worked closely with the CEO to bring new service lines to the facility.

Worked directly with County, Board and CEO regarding all aspects of financial operations and budgets.

Assisted the hospital’s External CPA’s with the preparation of the annual audit and hospital’s cost reports.

Chief Financial Officer of McCurtain Memorial Hospital, Idabel, OK (Aug. 2019 – Aug. 2021)

CFO of a Critical Access facility and had full charge of 2 Physician Clinics.

Worked closely with the CEO and Board on a turnaround plan for the facility.

Worked directly County, Board and CEO regarding all aspects of financial operations and budgets.

Applied and received Disproportionate Share for the first time at the facility.

Working on converting the clinics to RHC’s and on attaining sales tax exempt status for the facility.

Worked closely with External CPA’s to correct and file the hospital’s cost reports.

Alecto Healthcare, Los Angeles, California:

Chief Financial Officer of Alecto Ohio Valley Regional and East Ohio Regional Hospitals,

with Annual Revenue of $500 million. (Jan. 2019 – Aug. 2019)

Chief Financial Officer of Alecto Wilson N Jones Medical Ctr., Tx with

Annual Revenue of $360 million. (Aug. 2016 – Dec. 2018)

CFO of a 240 bed hospital, Physician Group and Anesthesia Company in Sherman, Texas.

Developed and implemented a turnaround plans for the troubled facilities.

Worked directly with ownership regarding all aspects of financial operations and budgets.

Interim CFO, Mentis Neuro Rehabilitation, Houston, Texas (Apr. 2016 – Aug. 2016)

Interim CFO for a Neuro Rehabilitation Company.

CrestChem, LLC, Baytown, TX (Mar. 2015-Apr. 2016)

CFO for a (start-up) refinery in Baytown, Texas.

Developed and implemented all financial policies and procedures.

Designed and issued the company’s first invoices utilizing NAV 2009.

Trained staff with respect to appropriate HR and Accounting policies and procedures.

Established budgeting process and developed monthly proforma financial statements.

RFL – The plant ceased operations February 1 and was subsequently sold.

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Contract CFO Roles, Texas (Oct. 2013-Mar. 2015)

CFO for an Auto Dealership in Houston, Texas.

CFO of an Information Technology Company in Houston, Texas.

Surgeons Management, Inc., (Brown Hand Centers), Houston, TX (Jan. 2009-Sept. 2013)

Chief Financial Officer of a Healthcare company that managed 57 entities with net revenue of $175 million.

Developed and implemented a plan of revenue cycle management which reduced AR days by 30 days and $10 million over one year.

Mentored 50 staff in the Finance, Purchasing, Billing and Collections and Human Resources departments.

Participated in Board and Physician Leadership meetings.

Procured and negotiated construction and equipment financing totaling $35 million over a four year period. This financing made it possible for the company to expand from 2 to 6 facilities and from $60 to $175 million in annual receipts.

Established P.O. matching policy that saved the company $100,000 from payment of duplicate invoices in the first year.

Redesigned Insurance program to save $1 million over the first two years.

Established the corporations budgeting process, trained managers and compiled data to create the company’s first budgets.

RFL – Business placed in receivership and assets sold.

Viking Healthcare, Houston, TX (Mar. 2008-Dec. 2008)

Chief Financial Officer of a Healthcare company that built and managed 3 LTAC’s in Texas.

Responsible for the establishment and maintenance of fiscal services for multiple start-up LTAC hospitals simultaneously in Houston, Corrinth, Denison and LaGrange, Kentucky.

Prepared Daily status reporting to track the progress of each patient in each facility.

Prepared and chaired training sessions with physicians and staff regarding LTAC reimbursement and discharge planning.

Negotiated and coordinated Hospital $12 million in construction financing.

Initiated a plan to accommodate billing and collections for multiple facilities and set up monitoring systems to assure achievement of the plan and timeline.

RFL – Business Closure

Innova Healthcare, LLC, /Triumph Hospital Northwest

San Antonio and Houston, TX (Jan. 2002-Mar. 2008)

CFO / CEO of a Specialty Hospital Company with net revenue of $50 million.

Directly responsible for all fiscal services and of a Surgical Hospital Company start up with locations in Houston and San Antonio with annual net revenues totaling $50 million.

As CEO, recruited new physicians and maintained relationships with existing physicians.

Prepared prospectus documents for potential sale of the company and met with prospective buyers and investors.

Participated in monthly board meetings as CEO and prepared all financial reports.

Mentored 125 staff and managers (all departments) in two Hospitals.

Negotiated and attained $6.5 million in financing to re-capitalize the organization.

Led the organization through its first Joint Commission survey.

Restructured the San Antonio business to increase Net Revenue by $600,000 per month.

CFO of a 100 bed LTAC Hospital with net revenue of $65 million.

Directly responsible for all fiscal services and of a 130 bed LTAC from start-up.

Worked directly with CEO to build business and mentor Department heads.

Established General ledger and reconciliation processes.

Worked with C-level executives to build the company’s policies and procedures manual.

Participated with C-level executives to lead the Hospital through its first Joint Commission survey.

Mentored 60 staff in the Accounting, Purchasing, Dietary, Maintenance and Case Management Departments.

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Assisted the Corporate CFO in the preparation of planning and tracking templates to convert from Cost Based Reimbursement to DRG reimbursement.

Designed and presented the Hospital’s annual budget reports.

RFL – Recruited to Houston Market by Viking by an X-Triumph CEO.

Cleveland Regional Medical Center, Cleveland, TX (June 2000-Jan. 2002)

Chief Financial Officer of a 150 bed Hospital with net revenue of $80 million.

Mentored 50 staff in the Accounting, Purchasing, Dietary and Coding Departments, and Business Office.

Developed and presented the Hospital’s financial reports to the corporate headquarters and to the Board.

Acted as Liaison for the Hospital’s annual audit, and for the preparation of the Hospital’s Federal Tax Returns.

Prepared the Hospital’s annual budget report and presented monthly variance reports to the corporate offices.

RFL – Recruited by Triumph via referral by Columbia N. Houston CEO.

Tenet Nacogdoches Medical Center, Nacogdoches, TX (Feb. 1999-June 2000)

Chief Financial Officer of a 170 bed Hospital with net revenue of $120 million.

Managed 35 staff in the Accounting and Purchasing Departments, and Business Office.

Developed and presented the Hospital’s financial reports to the corporate headquarters and to the Board.

Acted as Liaison for the Hospital’s annual audit, and for the preparation of the Hospital’s Federal Tax Returns.

Prepared the Hospital’s annual budget report.

Presented monthly variance reports to the corporate offices.

RFL – Personal need to relocate to Houston.

Columbia North Houston Medical Center, Houston, TX (Aug. 1997-Feb. 1999)

Chief Financial Officer of a 398 bed Medical campus with net revenue of $170 million.

Direct all fiscal services of a 398 bed Medical Campus with gross annual revenue of $170 million. Operations included acute, long term, psych and rehab.

Worked with C-level executives to achieve re-certification of the facilities with Joint Commission after a self reporting issue.

Managed 40 staff in the Accounting and Purchasing departments and the Business Office.

Identified issues with the Hospital’s unbilled reporting and corrected the errors totaling $2 million in revenue.

RFL – Hospital sold.

PHS St. Michael/Deaconess Hospitals, Cleveland, Ohio (Mar. 1992-Aug. 1997)

Chief Financial Officer of a 340 bed hospital with net revenue of $250 million.

Directed Senior Executives to reduce POB from 6.0 to 3.4.

Built a new General Ledger from scratch and prepared an account reconciliation package in Excel.

Built a Business Office from the ground up including policies and procedures and file maintenance.

RFL – Recruited by CEO and CFO of Columbia N. Houston.

American Medical Int., Houston, Texas (Aug. 1988-Mar. 1992)

Financial Accounting Manager responsible for the financial statements and reporting for 25 AMI Hospitals and related entities.

RFL – Hospitals divested to Tenet Healthcare, EPIC Healthcare and HealthTrust. Corporate offices in Houston closed.

U.S. Patriot Life Ins., Columbus, Ohio (Sept. 1985-Aug. 1988)

Manager of Finance of National Insurance Company

RFL – Desire to relocate to Houston.

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Norman, Jones, Coen & Co. CPA’s, Columbus, Ohio (Aug. 1981-Sept. 1985)

Staff/Senior Accountant in a Regional Firm

RFL – Recruited by the owner of Patriot Life Insurance.

EDUCATION

Otterbein College, Westerville, Ohio

B.A. Accounting, - June 1981

ACCREDITATION

Certified Public Accountant - November 1985

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