Darryl Friedenstab, MBA

440-***-**** adj7x3@r.postjobfree.com linkedin.com/in/darrylfriedenstab darrylfriedenstab.com

Controller

Financial Analysis & Planning C-Level Decision Support Integration & Acquisitions Growth Strategies Capital & Operating Budgets Financial Forecasting Program Management Start-Ups & Turnarounds Facilities Management Change Management Resource Optimization Software Conversions

Breakthrough financial executive with an impressive proven track record of building efficient financial operations across various locations while seamlessly directing all business development, accounting and financial functions. Relentless bottom-line driver with a career history of exceeding corporate goals by uncovering opportunities driving aggressive growth and exceeding challenging financial goals.

Expert in implementing and automating systems that significantly improve overall operational efficiency, and best-in-class financial controls. Extensive success in leadership, motivation and staff training. Well-respected for demonstrating good judgment and integrity while influencing executive teams and shareholders. Known for communicating financial imperatives at all enterprise levels.

Expertise In

Key driver in increasing physician practice group growth by 92% from 2-practices and 4-providers to 26 practices and over 50-providers, and increasing annual budget growth by 93% from $300K to $4.5M within 8-years through merger and acquisition development team partnerships ensuring overall medical center patient and service line volume profitability.

Reduced contract labor budget expenses by 50% from $3M to $1.5M through scheduling changes based upon patient volume enabling actual expenditures to trend close to budget.

Accelerated month end close process by 40% enabling completion within 4-days through the establishment of reoccurring entries and accruals providing greater overall process efficiency.

Increased patient account new cash by $1.5M reducing AR balances from $8.5M to $7M through increased daily patient account calls ensuring fewer patient account write-offs and higher revenue.

Experience

Contract Work

Westlake Medical Center Interim Controller Contractor December 2020 January 2021

Sentry Data Systems Financial Consultant Contractor July 2020 September 2020

Trinity Health

Trinity Health is one of the largest multi-institutional Catholic health care delivery systems in the nation, serving diverse communities that include more than 30 million people across 22 states.

Regional Manager Controller February 2019 August 2019

Responsible for the management of reimbursement revenue for 4 southeast region hospitals, directing a

2-member team in the planning, organizing and coordination of all monthly revenue reporting, various financial audit and cost reporting, analysis of revenue performance and overall financial achievement.

Collaborated with cross-functional staff and management stakeholders across 4 hospitals creating a $150M gross fiscal revenue budget with a net of $85M providing a 15% fiscal revenue budget increase over prior years.

Reduced audit preparation time by 40% through the development of monthly worksheets to manage and record revenue information enabling timely monthly issue resolution.

Developed and managed annual audit cost reports through the management of monthly accruals, maintaining a specific items schedule ensuring completion prior to the cost report filing date.

Assisted Revenue Accounting Manager with monthly, quarterly, and annual forecasts collaborating with staff and ensuring on-time delivery.

Reeves County Hospital

Reeves County Hospital District is dedicated to providing a broad range of health care services to the people and communities of Reeves County and adjacent West Texas communities.

Controller July 2018 February 2019

Managed a 25-member team across 5 cross-functional departments maintaining general ledger daily transactions and adjustments, capital and revenue budgets, cash flow statements, audit and cost report schedules, and monthly financial closing reports. Presented monthly findings to the Board of Directors.

Increased new cash from patient accounts by $1.5M through partnering with Medicare, Medicaid, and all commercial payers to resolve claim issues related to patient billing.

Streamlined month-end closing and reporting processes from a 7-day close to a 2-day close by creating monthly recurring journal and accrual entries allowing more time for other projects.

Key role in the Cerner software system transition from initiation to launch through partnerships with internal and external cross-functional teams ensured full system functionality and reporting.

The Medical Center of Southeast Texas

The Medical Center of Southeast Texas is the community's go-to provider of leading-edge, quality health care services in a family-friendly environment.

Controller Director of Account and Financial Services November 2017 May 2018

Oversight and management of the day-to-day medical center operations with 5-direct reports across 2-facilities including accounting, AP/AR and payroll.

Led and implemented a successful 2-day Cerner system accounting department training. Ensured smooth go-live transition for all day-to-day accounting operations, month-end closing and reporting.

Introduced a Medicare Report and Log preparation process, in coordination with the Sr. Medicare Analyst, to prepare and review monthly logs, bad debt, monthly DSH calculations, exhibits and late revenue accruals eliminating additional log preparation time.

Monitored annual cost report preparation, collaborating with auditors on the analysis and presentation, and staying abreast of changes.

Ottumwa Regional Hospital

Ottumwa Regional Health Center is a regional hub of health for SE Iowa committed to providing exceptional care in a compassionate manner.

Controller December 2016 October 2017

Responsible for the management of all aspects of accounting, AP/AR and payroll directing a team of 7 in the management of weekly check run cash reports, month end close, and feasibility, pro forma and ad hoc reports along with the annual financial closing reports and yearly Medicare and Medicaid cost reports.

Resolved unbalanced cash operating account reconciliation issues by investigating and tracking monthly activity, pinpointing and problem-solving errors.

Partnered with Medicare and Medicaid, commercial payers, and all parties to resolve patient billing claim issues. Managed patient claims on a monthly basis, reduced account volumes and issues.

Developed and maintained a thorough knowledge by staying abreast of new information and changes with new articles, training and seminars.

Oversaw annual cost report preparation and review prior to final auditor submission.

Fisher-Titus Medical Center

Fisher-Titus is an independent not-for-profit community health system serving Norwalk, Huron County and north central Ohio region with the latest medical advancements.

Assistant Controller December 2008 December 2016

Managed and directed a 6-member team in all day-to-day accounting activities for 11-medical center entities including cash management requirements, monthly closings, annual audits and cost reporting, reviewing all financial entity reports for completeness, accuracy and variance explanations. Served as key role advisor for all mergers and acquisitions.

Reduced excessive staff support overtime expenses by $750K per year by devising an operational staff management efficiency plan.

Condensed daily patient account cash posting process from 2-hours to 20-minutes by streamlining departmental processes increasing cash postings and payment resolutions by 40% over prior years.

Revamped Cash and Petty Cash Policy across all departments enforcing daily bank deposits for all cash amounts greater than $100, and weekly submission of all petty cash receipts ensuring timely cash replenishment.

Streamlined service-line reporting processes through organizational team collaboration identifying issues and areas of improvement resulting in significant cost savings and high-quality patient care.

Education

MBA Business Administration Information Management Indiana Wesleyan University

BS Bachelor of Science Business Administration Liberty University

Technology Expertise

Cisco Internetworking Fundamentals of Networking Windows NT 4.0 – Basic Configuring and Network Configuring Bridge Protocols Compaq 200 Server Training Program Cobal SAP MAS90 JD Edwards Oracle Kronos Great Plains Quick Books Soloman Cerner MS4, Lawson Meditech People Soft MS Office Suite Google Suite

Key Attributes

Controller ACFO CFO Accounting Budgeting Proposals Process Improvement HIPAA SOX Financial Reporting Financial Analysis P&L Healthcare Non-profit Communication Workforce Planning Financial Reporting Resource Optimization Report Development Account Management Training Scheduling Supply Chain Finance General Ledger Maintenance Regulatory Policies Follow-up Accounts Payable

Contact this candidate