FLORENCE G. MAHONEY, M.B.A. adafoz@r.postjobfree.com

*** **** ****** 859-***-****

LEXINGTON, KENTUCKY 40517

SUMMARY

Dynamic results-oriented leader with extensive financial management experience. Over 25 years of leadership experience including:

Strategy, vision and mission planning

Change management

Finance, budgeting and cost management

Policy & procedure development

Merger /acquisition

Regulatory compliance

Contract negotiations & strategic alliances

Human resource and benefit management

PROFESSIONAL EXPERIENCE

SULLIVAN UNIVERSITY, Lexington, Kentucky

Adjunct Faculty March 2018 to Present

Instructor of Accounting and Business Courses.

CLARK REGIONAL MEDICAL CENTER & BOURBON COMMUNITY HOSPITAL (For profit)

Market Assistant Controller - February 2018 to May 2019

Management of finance department, including but not limited to:

Preparation and review of monthly, quarterly and year-end financial reports for both facilities

Review of statistical data for facilities

Preparation of monthly financial projections

Cost Report data collection and review

Monthly Medicare/Medicaid contractual review

Management of Finance Staff

UNIVERSITY OF KENTUCKY, Lexington, Kentucky (nonprofit)

Associate Director of Management Reporting - February 2015 to September 2016

Responsibilities include management of UK Healthcare statistical collection and reporting, Action OI (ODB) analysis and reporting, and preparation of financial and management reports.

Work directly with Healthcare departments to assist with informational needs related to finance, normalizations, statistical data and special projects.

Member of UK Healthcare Finance management team.

UNIVERSITY OF LOUISVILLE PHYSICIANS, Louisville, Kentucky (nonprofit)

Accounting Manager - November 2012 – February 2015

Management of Finance Department, including but not limited to:

Preparation of monthly and year-end financial reports

Management of AR, AP, and Payroll staff, Budget preparation

Coordination of Year-end Audit; Management of Finance Staff – 9 members at all levels

Revenue Cycle Management and Compliance to address insurance, client and patient transactions issues.

Member of Physician Practice Transition Team

Major accomplishments

Implemented on-line AP approval software and automated load of data into Accounting Software.

Introduced workflow changes to reduce month end close from 10 to 5 business days.

LABORATORY AND BIODIAGNOSTIC, Lexington, Kentucky (Clinical Reference Laboratory - Company was sold)

Controller - August 2010 – November 2012

Consolidation and review of all Financial reports, Job cost analysis, Budgets, AR, AP, Payroll, and Overhead allocations.

Revenue Cycle management for insurance, client and patient transactions

Management of 401K, Health, Dental and other employee benefits, sales commission processing, and tax reporting including 5500 returns.

Management of State economic tax credit programs (KEIA)

Supervision of accounting team – 4 members at all levels

Major accomplishment – Revenue generating

Increased cash receipts by over 35% in six month by addressing claims processing errors and resolution of denials from Medicare, Medicaid and other insurance companies.

SAINT JOSEPH HEALTH SYSTEMS Lexington, Kentucky (a.k.a. Saint Joseph Hospital (nonprofit))

Accounting Manager - September 2007 - August 2010

Management of the preparation and review of all financial reports for the Continuing Care Hospital (LTACH), the Saint Joseph Hospital – Jessamine Ambulatory Care Center, and Lexington joint ventures and physicians practices.

Management of payroll processing including detailed review of labor utilization and statistical reporting

Supervision of team – 3 members at all levels plus adjunct project staff

Major accomplishment – Cost savings:

CHI Connect project (Lawson Implementation) - implementation of the new accounting, purchasing, payroll, accounts payable application.

BLUEGRASS COMMUNITY & TECHNICAL COLLEGE, Lexington, Kentucky (Community College)

Adjunct Faculty - January 2005 – Dec 2009

Part time instructor of Accounting and Business Courses

SMC INC., Lexington, Kentucky (International Electronic Manufacturing – Company was sold)

Accounting Manager - February 2006 - July 2007

Preparation and review of all financial reports, Job cost analysis, budgets, overhead review, interim and annual audits. Liaison with financial institutions for corporation expansion projects. Cash management reporting and bank covenant analysis and reporting. Inventory management – Raw material, WIP and Finish Goods in excess of $20M.

Management of 401K benefits, payroll, sales commission processing, and tax reporting including 5500 returns.

Supervision of accounting team – 6 members at all levels

Major accomplishment – Cost savings:

Developed and implemented cross verification of inventory valuation which reduced AP processing errors and Purchase Order corrections.

THE ALLEN COMPANY, INC., Winchester, Kentucky (Heavy Construction – Quarry – Blacktop Industry)

Accounting Manager - June 2003 - February 2006

Review of all monthly financial reports, management of annual audits, monthly, quarterly and annual tax reporting; and MSHA, DOT, and OSHA reporting and audits, monthly job cost analysis, annual budgets, and quarterly forecast and supervision of Quarry, Blacktop and Construction accounting activities, Inventory management (WIP), Subcontractor contract management, Lien Waivers and billing.

Administration of IT system and Phone/voice mail system, including networks, system upgrades, and security

Human Resource functions, including employee benefits, 401K administration, Union benefits and payroll both union and non-union, Union reporting.

Supervised 7 staff member’s at all professional and clerical levels

Major accomplishment:

Implementation of new software for job cost analysis which assisted Engineering staff in their preparation of bidding estimates and reduced time necessary to process job cost reports.

MURPHY SURF AIR TRUCKING CO., INC., Lexington, Kentucky (International and Domestic Transportation Company)

Chief Financial Officer - September 1996 - October 2002

Review of all financial reports and analysis, budgets, and monthly forecasts for operations in six states. Liaison activities with legal counsel, auditors, contractors, and merger candidates. Management of banking and investment activities and facilities management, including relocation and lease negotiations. Reporting of business activities to DOT, FAA, IRS and DOL. Member of Executive Management Team which developed and implemented the strategic goals of the company.

Management of IT System, including networks, system upgrades, data conversions and security

Human Resource functions, including employee benefits, 401K administration, EEOC matters, employee training, payroll and all tax reporting.

Supervision of staff - 15 direct reports.

Major accomplishment:

Re-engineered company from a negative Net Worth in 1996 to over $1.2 Million Net Worth by 2001 which resulted in the sale of the company

FUGAZZI COLLAGE (a.k.a. National University), Lexington, Kentucky

Adjunct Faculty - June 1995 - December 1998

Part time instructor of Accounting and Business Courses

TEXAS 5 CORPORATION, Lexington, Kentucky (Telecommunications Industry – Business closed)

Controller - December 1995 - August 1996

SCT, INC. Lexington, Kentucky (Software development and computer hardware distributor)

Controller - October 1990 - May 1994

CONTINENTAL COMMUNICATION GROUP, INC. Denver, Colorado (Printing – Manufacturing company)

Controller - November 1988 - June 1990

Senior Accountant - August 1987 - November 1988

ADULT EDUCATION TUTORIAL PROGRAM, Denver, Colorado (Non-Profit – Adult Literacy program)

Chief Accountant - September 1985 - February 1987

ASSOCIATES CORPORATION OF NORTH AMERICA, Denver, Colorado (Business moved to Dallas-Fort Worth)

Accountant/Cash Management - June 1983 - May 1985

EDUCATION

UNIVERSITY OF COLORADO AT DENVER, Denver, Colorado

Degree: Masters of Business Administration

UNIVERSITY OF KENTUCKY, Lexington, Kentucky

Degree: Bachelor of Science

Major: Accounting

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