Houshang S. Abd

*** ****** ****, ****** ******, CA 93421

Phone: 805-***-**** ● Cell: 805-***-****

E-mail- ad4mw3@r.postjobfree.com

HOSPITAL EXECUTIVE – CHIEF FINANCIAL OFFICER

Executive Profile

● Healthcare Finance Executive with more than 40 years of experience with publicly traded and national hospital systems

● 10 years of experience as lead Finance member of hospital acquisition team for a national hospital system, spearheading due diligence, feasibility studies and financial and operational systems implementation and integration for hospitals in 3 different states

● Highly successful and accurate in pre-acquisition diligence and post-acquisition financial analyses of service line profitability studies to support business development decisions regarding termination or introduction of service lines and programs

● Consistent track record of improving financial performance (cash flow and EBITDA), by reorganizing Revenue Cycle and by driving cost containment (including introducing lean staffing and reducing the high-priced implant and medical device costs by direct vendor negotiations)

● Deep understanding of marrying financial planning with clinical and operational systems of hospital organizations

● Experienced leader in the following areas: Revenue Cycle (CDI; Denials Management; Billing and Collection; JOCs with major payors, Management of short-term and long-term financial and operational planning, corporate diversification, capital and operational budgets, and capital acquisitions

● Skilled in leading treasury functions, investments, and hospital acquisition and system expansions; and direct communication with banks and other financing institutions.

Professional Experience

AG FINANCIAL ADVISORY GROUP

Healthcare Finance and Operations Consulting

Principal

Since January 2015 to present

Healthcare Financial and Operational Consulting

Concentration on Revenue Cycle (CDI, ED Conversion, Denials Prevention and Management), Cost Containment’s, Productivity Management, Due diligence for acquisition of new facilities. Business plan Development, Product Line Profitability Study, and Compliance, and turnaround measure and actions with outstanding results at following facilities:

1.Consultant for turnaround projects working with:

Pipeline Healthcare at White Rocks Hospital in Dallas, Texas

Dameron Hospital in Stockton, CA; Bakersfield Heart Hospital, and Wilshire Healthcare in San Luis Obispo, Beverly Hospital in Montebello, CA.

2. Chief Administrative Officer, Hollywood Presbyterian Medical Center

Hollywood, CA,

Primary responsibilities include Revenue Cycle, Clinical Documentation Improvement (CDI) program, Initiation of a comprehensive MOR package, Profitability maximization (revenue and reimbursement enhancement and Cost containments) and performing due diligence on facilities under the review for potential acquisition.

3. Senior Vice President of Operational and Performance Improvement, ALTA Hospitals System, LLC

Los Angeles, California,

ALTA / Prospect Medical Holding own and operate several hospitals in California, Rhode Island, Texas, and New Jersey.

Primary responsibilities included evaluation and improvement of Revenue Cycle Process,

Assist with due diligence on facilities under study for acquisition, and work with different

Sections of the corporate structure to contain expenses (specifically applying Staffing

Standards to individual departments), and work with the Managed Care Department for

Revenue enhancement. Renegotiated service contracts, and implemented standardization

Assumed full charge with supply chain, Decision Support, Finance Ops, CDI

And Revenue Cycle for the entire corporation (16 facilities).

4.American Healthcare Services (AHS)

Glendale, California

Assisted with Due Diligence and turn around project for acquisition of a facility in North Carolina.

5.Carrollton Medical Center

Dallas, Texas

Performed a comprehensive Revenue Enhancement and Cost Containment Program study, presented plans to the key Directors, and assisted in implementation of plans of actions.

6.Beverly Hospital

Montebello, California

Currently engaged as Senior Vice President / CFO

Corporate Chief Financial Officer, AHMC HEALTHCARE, INC.

Los Angeles, California, January 2006 to January 2015

First true corporate Chief Financial Officer for the system, responsible for daily financials and operational activities of a hospital system comprising of seven (7) large general acute care hospitals (acquired from Tenet, Catholic Healthcare West and Memorial Care Health System) in Los Angeles and Orange Counties with 1,102 licensed beds, and generating over three quarter Billion Dollars in annual net revenue. Preparation of due diligence for acquisition, merger, and management of Central Health IPA,

Assumed full responsibility for:

Information technology

Service contracts/purchased services

Internal audit

CDM maintenance to capture maximum gross billing and revenue and comply with all billing and coding regulations.

Materials management to drive cost containment and negotiate the most favorable rates despite GPO arrangements.

Managed care contracting for optimization of topline revenue

Revenue Cycle, Cash flow and treasury functions

Capital acquisitions to secure best economic terms after preparation of a comprehensive ROI study and pro-forma.

Senior Vice President, Finance and Operations, ALTA HEALTHCARE SYSTEM, LLC

Los Angeles, California, May 2005 to January 2006

Led cost containment and revenue enhancement initiatives for a turn-around for-profit hospital system with 4 hospitals in Los Angeles County

Responsible for materials management

Responsible for preparation of periodical reports to improve day-to-day operations

Established management systems to improve financial outcome, including service-line analysis and establishing new profitable hospital services

Implemented daily staffing monitoring system for technologically and system-poor hospital system; required daily communication from hospital CEOs to monitor compliance with new staffing standards

Implemented several cost containment and revenue enhancing strategies and reporting systems which resulted in substantial savings (estimated at more than $6MM per year)

Chief Financial Officer, SIERRA VISTA REGIONAL MEDICAL CENTER (TENET HEALTHCARE

Chief Financial Officer, FRENCH HOSPITAL MEDICAL CENTER and ARROYO GRANDE COMMUNITY HOSPITAL (PRIMUS MANAGEMENT)

Director Operations and Finance, ENLOE MEDICAL CENTER

Hospital Chief Financial Officer, SUMMIT HEALTH, LTD

Senior Auditor, WAYNE KENDRICK and COMPANY, CPAs in Washington, DC

Some Highlighted Accomplishment:

1. AHMC $48 M EBITA increase in 11yeas

2. Hollywood Pres. $2 M saving in SWB in 2 years

3. DAMERON Hospital $3.5 M annual increased Net Revenue via Coding and CDI improvement in 4 months

4. White Rock $1.8 M annual increased Net Revenue by improving RCM procedures in 3 months

5. Prospect Alta $5 M in improved revenue and cost containments involved in several facilities Acquisitions (Rhode Island, North Carolina, and Texas) and Turn arounds in 2 years.

6. Bakersfield Heart Hospital $4 M in cash flow improvements by reducing DNF and also savings in Staffing costs in three months.

Education

Doctor of Philosophy (abd)/Development, The Catholic University of America, Washington DC, 1980

Master of Science in Accounting/Financial Management, Southeastern University, Washington DC (1978)

Master of Art in Accounting/Auditing, Faculty of Finance and Accountancy, Tehran (Dec 1973)

Certifications

Certified Dispute Resolution, Ventura Center for Dispute Resolution (current certificate)

REFERENCES:

Available upon request

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