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Executive Accounting

Location:
Wilmington, DE
Posted:
April 29, 2020

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Resume:

Perry Patel, MBA, CHA

Phone: 302-***-**** (Cell/Text) Email: adc0pl@r.postjobfree.com Greater Philadelphia, PA.

LinkedIn Profile: https://www.linkedin.com/in/perry-patel-mba-518a0968/

Executive Summary:

A visionary, versatile and results-oriented leader, with experience in for-profits and non-profits healthcare and hospitality companies. Developed and executed business strategies, identified progressive opportunities and created an environment and cultures focused on fulfilling its mission with visions. Exemplary work with all stakeholders, along with leadership and decision making skills as Chief Operating Officer (COO/CFO) makes me a strong asset for any organization with innovative technology as a transformation tool.

Accomplishments:

Lead executive for technology transformation of IT, Hardware, Software, Support for Clinical - Electronic Health Record (EHR) including Billing (MyAvatar of Netsmart), Finance (MIP), HR / Talent Management (ADP) of a social service agency with $110M in revenue and 1300 employees with net income increase from .1% to 5% over 4 years by Guidestar reporting.

People, Process and Product (or Service) Model created a streamline of significant operational efficiencies with RFP process for Medical Benefits, Payroll Processing, Pension Plans, Billing and Finance systems all that slashed expenses by app. $10M.

Developed and implemented financial systems, strategies, processes, internal audit and controls to improve integrity that significantly improved P&L by 20% and cost-effectiveness which created values for Guest, Patients and all other Stakeholders.

Achieved a 25% revenue growth, created a 16% return on the portfolio and 15% right-sized at Blood Bank financial operation.

Expert in establishing GAAP accounting functions with integrity, GAAS internal controls, SOX Compliance, SOC, Enterprise Risk Management, KPI, Cybersecurity, analytics, best practices, cost-accounting for reduction in expenses, automation and tax strategies, the impact of LEAN training and lasting business relationships to ensure goal-surpassing fiscal operation.

Computer skills include proficiency in Microsoft Office - Suites, Power BI, Intranet and Microsoft Dynamics Accounting software with other healthcare-related systems including Intuit QuickBooks-Pro, Mint and Intuit Pro-Series tax software, etc.

Professional Experience:

Open Minds Senior Associate 2/2020 – Present Healthcare Consultant https://www.openminds.com/about/meet-our-team/

Gaudenzia, Inc. and Foundation, Norristown, PA. Chief Operating Officer 11/15 - 11/19

Operational excellence of a multi-state (Largest in PA., MD., DE., and 2nd Largest in DC.) non-profit human services organization (Agency), with approx. 167 clinical programs at 100 locations creating substance use disorder (SUD) with the continuum of care for mothers, adolescents, Co-occurring mental illness, housing assistance, recovery, and prevention services for over 20,000 clients with over 1300 employees and over $110M in annual revenue. Financing and Construction of projects through Grants, Housing Tax Credits (HUD) Federal Home Loan Bank (FHLB), United States Department of Agriculture (USDA) and Small Business Administration (SBA), EB-5 and earned developers fees in millions in each project each year.

Achieved Gaudenzia’s operational excellence that is consistent with its mission, vision and core values. Contributed as the principal advisor to the President and Chief Executive Officer and created a highly accountable executive staff team in planning, organizing and directing the operations as per external consultant’s recommendation to Board as there is tremendous growth trajectory.

Plan, direct and evaluate all aspects of the organization's strategic & tactical initiatives including implementation of Electronic Health Record (EHR) and Billing Technology transformation and IT infrastructures resulted in a significant financial impact.

Ensure the attainment of short & long term goals as it relates to operations, fiscal management, budget, grants, reimbursement, cost, marketing, human capital, workforce development, legal compliance, technology, real estate, risk management, licensing, accreditation and quality improvement in collaboration of an executive team with integrity and business acumen.

Created ongoing analyses of the operational infrastructure and implement actions that support organizational growth and stability within the current market condition and business plans. Exceeding regulatory compliance, audits, and financial controls.

Evaluate, execute and accomplish mergers & acquisitions, strategic alliances, and new contract relationships; ensuring an effective operational integration while improving RFP processes that resulted in $10M cuts in expense.

Lead, develop, accomplished and retain agency’s top talent, ensuring and establishing ongoing development of a diverse executive work team necessary to achieve results while reducing turnover. Strategic alliance and merger negotiations.

Strategic alignment of IT Governance, Real Estate Development, and Finance committee of Board and Board deliberations.

Blood Bank of Delmarva, Newark, DE. Chief Financial Officer 08/12 - 05/15

As a highly accountable lead executive with Accounting, Finance, IT, Purchasing and Facilities Management with $30M in revenue and $50M in assets with steady growth with merger plans with the like-kind organization.

Increased revenue by 25% with a visionary 5-year strategic plan including capital and operational budget, while establishing budget neutrality. Achieved a 10% reduction in cost by creative cost accounting systems and Project Management Office (PMO) with KPI’s management and Benchmarking.

The designed inventory management system of a scarce commodity of blood products is while serving all 18 hospitals in the Delaware peninsula region and out of the region with Transfusions, Laboratory Testing Services, and Clinical Trials.

Expanded Blood collection locations in Pennsylvania and Maryland while meeting FDA regulations and planned Merger.

Strategic restructuring of IT, with Director of IT, Purchasing and Facilities with the exchange of 220 employees, Blood Bank Computer System (BBCS) with multiple bolts on systems including Laboratory Software System (LSS) within creative virtualization. Recruited Vendormate software to accomplish all legal contracts with legal firms, property insurance, and all risk management.

Contributed to the alliance of National Blood Collaborative (NBC) board of seven blood centers for size, scale, distribution. Contributed as a liaison for COO, CFO, and Business Development groups. Including merger & acquisition strategy. Contributed to the Finance and Governmental affairs committee of America's Blood Centers (ABC) to affect public policy and awareness. Contributed to the Finance and Investment committee of BCx, a Risk retention group for reduction of cost. Joined a Group Purchasing Organization (GPO) of Blood Centers of America (BCA) and became an equity owner with 30 other blood centers for all negotiated better pricing for products and services.

Created Investment Policy Statement (IPS) to generate a 16% Return on Investment (ROI) with the money manager.

Deliberation and discussions of financials to the external Finance committee of Board, Investment reports to Investment committee of Board and year-end Audit including 401K and MPP with not for profit IRS tax-exempt Form 990 to Audit committee of the board and presented all committee minutes and reports to Executive Board quarterly per bylaws. Internal report distributed to Managers, Directors Lead Executives, and CEO.

MRPC Financial Management LLC, Newark, DE. Chief Executive Officer 01/97 - 08/12

Investor, Developer & Operator of Commercial Real Estate in Delaware, Maryland, Virginia, Pennsylvania, and New Jersey. Created a portfolio of MRPC Hotels, including, developing and constructing a Comfort Suites (65 Units) by Choice Hotels in Newark, Delaware. Opened in 1997 and was the first all-Suite property that later created the birth of true Extended Stay Suites in the market. Open in January 2015 as, an expansion (addition of 3 stories) to convert to 120 unit Four Points by Sheraton with approvals for Management by Marriott Hotels. The addition of a “Farm A Sea” –Craft Wine Bar & Restaurant with Day Spa. Explored EB 5 Financing for Hotels.

Converted a former Holiday Inn into a unique dual-branded hotel with a Shared Lobby Concept Quality Inn was franchised on the interior corridor, 2 stories, and 49 unit hotels. Econo-Lodge Inn & Suites was franchised on the exterior corridor, two stories, and a 92-unit motel.

Created one of the newest Mid-Scale hotels in Corporate Christiana Metro Form of Newark, DE Creative planning was required to develop a 59-unit hotel on a small 1.3-acre site. Opened in 2/14/02 as one of the first franchised Non-Smoking Hotels in the state, and one of the first few in the Nation Featured on ABC Evening News.

Increased an Acquisition and Creating of Corporate Condo’s to meet the needs of Long-term Stay.

Acquired and obtained approvals for a six-story, 95 unit Hotel site that was later sold to Extended Stay of America. The site completed construction and opened as an Extended Stay of America at Centerville, VA.

Acquisition of Best Western / Johnny Appleseed Inn of 90 units with Restaurant in Fredericksburg, VA.

Healthcare Employments: Chief Financial Officer 1/83 - 1/97

Pursued for profit, not for profit, medical-surgical, psychiatric and Rehab hospitals, HMO and Practice Consultancy with Progressive responsibility with partnership in Hospital Management Companies and related healthcare organizations.

The Good Samaritan Hospital/HSCP and Foundation, Lebanon, PA. Chief Financial Officer 1993-1997 Created Fiscal Affairs of 277 Bed acute-care hospitals with multiple facilities and entities/affiliates including VNA, Dialysis Home Health, DME, Hospice, Cath Lab, MRI, Family Practices with Teaching Program and opening of ASC and TCU. Produced a 100+ Million in revenue and 75+ Million in assets. Contributed to $20 Million BBB+ Bond Refunding and Saved Over $1 Million.

21st PA Management Company Director of Finance / Creating Partner 1990-1993 Franklin Square Hospital, North Eastern & Neumann (Faith-Based) Medical Center, Philadelphia, PA.

Created turn-a-round of 215 Bed and 200 Bed Acute-Care and Psychiatric Hospital including General Accounting, Business Office, Data Processing, and Material Management through this HealthCare Management Company.

AmeriHealth Management, Inc., Richmond, VA. Chief Financial Officer / Assistant Administrator 1989-1990 Newport News General Hospital, Newport News, VA.

Developed a turn-a-round plan of a 126 Bed Acute-Care hospital. This includes accounts payable, payroll, business office, emergency room, management information system, material management, and general accounting. Refinancing $23 Million through HUD, 2nd Placement and private placement Memorandum. Acquisition of hospital by Doctor’s Investment Group (DIG). Contributed to in reorganization of a hospital seeking protection through Chapter 11 of Bankruptcy Code and met financial reporting requirements of the court. One of the six African American Hospitals left in the US. Acted as liaison for Attorneys, Vendors, Doctors, and Trustees.

MeadowWood Behavioral Hospital/Nu-Med Psychiatric, Inc., New Castle, DE. Controller 1987-1989 Designed fiscal affairs of a new adolescent psychiatric hospital (50 Bed). Included Construction business office, accounts payable, payroll, data processing, admission, medical records, gift shop, and material management. Recipient of Controller of the Year award for excellence among all NuMed Psychiatric Hospital.

Hospital Corporation of America (HCA) Psychiatric Eastern Division –Rockford Center Controller 1983-1987 Created a system for accounting function of 50 to 186 bed psychiatric and rehabilitation hospitals. Included daily financial operation, monthly and yearly closing. The monthly operational report created the financial records and statistics needed by the hospital and corporate office for evaluating financial with Cash management also satisfying regulatory and audit requirements.

Awards / Accolades:

Appointed by Governor - State of Delaware as Commissioner for Delaware Healthcare Fund Advisory Committee (DFAC) since 2018 and as Member, Delaware Behavioral Health Consortium 2018, serving on Data & policy and Law Enforcement.

Appointed as Commissioner - New Castle County Historical Review Board (HRB) 2019 and past Diversity commissioner.

Controller of the Year – MeadowWood Behavioral Hospital as part of Nu-Med Hospitals.

Board of Director and past Treasurer of Louvers’ Federal Financial Institution, Newark, DE

2015 Past Chairman award from (DH&LA) for Leadership as Chairman of the Board 2013-2014.

2012 AAHOA Award for Excellence presented by AAHOA at Annual Convention- March 2013.

Honorees – SPU Alumni Association 2011.

Most Valuable Volunteer (MVV) – American Hotel & Lodging Association.

Delaware Hotelier of the Year – Delaware Hotel & Lodging Association.

Best Director – By Choice Hotels Owners Council (CHOC) while serving as Chair for Eastern Region and CHOC Treasurer.

Education / Certifications:

Master in Business Administration (MBA) Public Accounting, St. John’s University, Queens, NY.

Master of Science (MS) Healthcare Finance, (Major Courses), Widener University, Chester, PA.

Bachelor of Science in Accounting, S.P. University (SPU), India.

Bachelor of Science in Finance, S.P. University, India.

Certified Hospitality Administrator (CHA)-American Hotel & Lodging Education Foundation, Washington, DC.

Past License Holder of Commercial Real Estate Salesman, Austin, Texas.

Registered Agent for Delaware Division of Corporations, while creating Accounting, Tax and Financial Planning services to Key high net-worth Clients with mortgage consulting.



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