Supply Chain Revenue Cycle

Balvant Raj Parmar, MS, MBA

813-***-**** ********@*******.***

ACFO/VP/Director/Controller/Manager/Analyst

Senior business executive with 20 + years of diverse leadership experience in Healthcare, Physician Group, Pharmacy, Bio-tech lab, Manufacturing, Construction, (overseas) Hospitality, Supply Chain, Financial Operations, Finance, Controller and Accounting Innovative leader with extensive knowledge and experience in financial and healthcare operations. Proven ability to quickly and efficiently analyze key business goals and develop strategies to grow the organization, Driving profitable, cost reduction, Revenue Enhancement, Sustained Growth, Business Turnarounds and Revenue Cycle Management, ERP Implementation.

PROFESSIONAL STRENGTHS

Software Manufacturing Finance Organizations

Sage Intacct, FAS Inventory Recon Strategic Planning Start - Up QuickBooks, Host, Capital Projects Budgeting and FP&A Private Equity HMS, Oracle, Plus, Cost Accounting Financial Report GAAP Hospital Acute Cognos/Hyperion Cost Reduction Mergers & Acquisitions Physician Group Ariba, Athena Financial Analysis Cost Report, Sox audit Pharmaceutical AR, RX 30 Project management Hospital, Physician Clinic Partnership LLC Kronos I-series Project Analysis Revenue Recognition Biotech EDD Ulti-pro Construction ASC 606, 842, 340 Supply Chain Logistic ESSBASE Revenue Cycle Publicly Traded

Microsoft Office Consolidation Construction

Lawson, Medi-tech Intercompany Accounting Hospitality CMD, AMD, IMED Physician Group Multi-Entity

Power BI, Bill.com Leadership & Team Development Retail ADP, Paychex Variance analysis footnote Technology-Software Tecsys, Smart Inventory Key Metric, KPI

Axiom Budget, LMAT Productivity,

QMIRS, PMR GAAP & IFRS

Sage Implementation

Kronos Implementation

Lawson AP Implementation

Atlas, BOBJ

Controller Interim/Contract/Consultation:

Health Trust - Interim Controller – Contract/Interim Since 12/2023 Health Performance Group:

(Supply Chain Logistic – 52 billion Purchasing Power.) Controller – Interim (Contractor) Health Trust Purchasing Group 12/2022 – 11/2023

• Reviewing & Approving Monthly JE.

• Inventory Reconciliation between Smart system, Tecsys Inventory System.

• Account Receivable Reconciliation

• Preparing report & helping with the Audit.

• Provide Training to the staff where needed.

• Cash Flow Statement, US & UK company.

• Balance-sheet reconciliation.

Break - Vacation

Travel within US, preparation for Family engagement and wedding. 09/2022 – 11/2022 VIRUS GEEKS (Bio-tech Laboratory) (Revenue 10M-15M) Financial Controller – Remote 12/2021 – 08/2022

• Month end closing, balance-sheet reconciliation, A/R reconciliation

• Supervise AP, Payroll, staff accountant and billing team.

• Involved in Sage Intacct Implementation process

SPECTRUM MEDICAL PARTNERS - (25M-30M Revenues) 11/2020 – 11/2021 Largest physician group in Central Florida over 135 physician and hospitalists. Financial Controller

• Month end closing, balance-sheet reconciliation, A/R reconciliation, external audits.

• Supervise AP, Payroll and staff accountant, AR and billing department.

• Prepare the board report, Account Analysis, Variance analysis with footnote.

• Physician Bonus & Productivity bonus calculation. BENZER PHARMACY - Tampa, Florida (115M Revenue) 9/2018-9/2020 Pharmacy Management Group focused on retail (65) pharmacies and (48) Franchising Pharmacy, Gross 115M 2019. Corporate Controller

• Merger & Acquisitions – Acquired 9 pharmacies, 15 Franchise pharmacies. (2019)

• Financial Reporting – monthly Closing of books, External Audits, balance-sheet reconciliation, A/R reconciliation, filing state annual reports, inventory report analysis Quarterly projection report, budget.

• Cost Accounting – updated existing RX system for precise purchasing data, educated staff.

• Compliance – To review and file state and federal licenses, Franchise tax return, Annual Return. LAKE WALES MEDICAL CENTER – LAKE WALES, Florida (375M Revenue) 8/2004 - 8/2018 Advent Health/ previously Hospital owned by CHS (Community Health System). Controller

• Hospital and 7 physician clinic month end closing. Home Health Accounting

• Month end review and expense analysis

• Review balance-sheet reconciliation. Accuracy rate 100%.

• Strategic Planning – Implementing and monitoring expense reduction, overtime reduction, discuss Productivity Management Report (PMR) with department manager to achieve the hospital goals. Reduction in overall overtime hours to meet 100% productivity goals. Improved accuracy by 90%.

• Review Revenue & Usage reports for accuracy and submit correction if needed.

• Inventory Management – re-racked and re-established par level of floor stock to reduce the inventory cost, improved accuracy by 75%

• Compliance – Thorough knowledge of Cost Report, AHCA Report, Audit Pack, SOX report, Business tax report, Sales tax filing and tax package.

• Monthly Corporate Reports – Capital Expenditure Request (CER), STATS report, Daily Trend Report, FAS reconciliation, FTE reconciliation, contractual package, Key statistic report, Physician Growth Plan, Hospital run rate analysis, Physician Volume report MTD and YTD, Budget, assist CFO and CEO in different project. SOUTH BAY HOSPITAL, SUNCITY, FL 11/2000 - 07/2004

Hospital owned by HCA America.

Senior Accountant

• Accounting – month end closing, bank reconciliation, Fixed Assets Reconciliation, Preparation of Audit Pack, Post closing review guide, internal control check list, verify coding and approving invoices, STATS input and reconciliation, sales tax preparation, inventory audits, internal audits, external audits, tax work paper, AHCA report, Medicare cost report, Supervise two personnel AP and Payroll coordinator, assist controller and CFO in different ediProjects. MEMORIAL HOSPITAL OF TAMPA, TAMPA 8/1997 -10/2000

Hospital owned by Tenet and

IASIS.

Staff Accountant

• Accounting – Record Journal entries, posting, bank reconciliation, A/R Reconciliation, preparing accrual schedule, prepaid schedule, adjustment entries, printing and distribution of month end financial reports, back up for the payroll and cashier’s office.

• Finance -- Assist Director of finance in preparation of month end close schedule and reports, preparation of Medicare cost reports, AHCA reports, expense analysis and variance analysis, budget schedule, assist Medical charge master auditor on monthly chart audit summary and adjustment, procedure code review and CPT code review, budget preparation, compliance audit of outpatient and rehab visits. ACT Assistance Inc. (CPA Firm) 8/1995 - 7/1997

Account Assistance

• Clients write up, coding of checks, journal entry, posting, account receivable, accounts payable, sales tax preparation, financial statement, audits of account, preparation of individual tax return. EDUCATION

Master of Business Administration (MBA) in Finance & Accounting, Argosy University, Sarasota, Florida MS in Accounting & Auditing. Gujarat University, India. BS in Accounting & Auditing, Gujarat University, India. CPA – CPA candidate – pursuing for CPA

LICENSE & CERTIFICATION

* Six Sigma White Belt Certified

• Project Management Essential Certified (PMEC)

Contact this candidate