DENNIS EMPEY

N** W***** Arlington Court Cell: 218-***-****

Pewaukee, Wisconsin 53072 adps6j@r.postjobfree.com

BACKGROUND SUMMARY

Seasoned results oriented Health Care Executive professional with 40+ years of experience in administration, operations, management and finance. An executive who is an innovative team leader, collaborator, and decision maker with strong communication skills, and successful track record of optimizing financial resources and personnel.

Expertise in the following areas:

• Long Term Financial Planning • Strategic Planning • Strong Leadership Skills

• Financial Team Building • Bond Financing • Manage Care Contracting

• Revenue Cycle Process • Integrated Systems Process • Material Management

• Work Process Improvements • Foundation/Grant Accounting • Construction management

• Turnaround Experience • Physician/Clinic Experience • Nursing Home Experience

• Treasury & Cash Management • U/R & Case Management • Productivity Management

• Lean Process • Nursing Home Management • Retail Pharmacy

EMPLOYMENT EXPERIENCE

TRINITY HEALTH, Minot, North Dakota 2013 to 2018

Chief Financial Officer

Responsible for all of the financial functions for a sole community health system in Western and Northern North Dakota. The Health System includes three hospitals with a total of 441 licensed beds; Nursing Home with 230 beds; Level 2 Trauma Center; 250 employed Physicians and Nurse Practioners: 35 Clinics; Oral Maxillofacial Surgery; Retail Pharmacies; Surgery Center and Cancer Center. The System has $450M net patient revenues, 2,900 employees, 36,000 emergency room visits and 9,500 admissions per year. Administratively responsible for all financial areas, reimbursement, revenue cycle center activity, health information management, materials management, case management strategic planning and contract management.

Decreased days in A/R from 120 days to 47 days after implementation of McKesson A/R systems.

Completed $450M Bond Financing for replacement hospital financing.

Implemented a productivity system and strategic expense reduction program. Revamped financing and budgeting system.

Improved operating margin from a negative perspective to a strong financial performance of 4% to 5% profit margin.

Had a turnaround of hospital to a positive $10M to $16M profit margin from 6/30/14 – 6/30/17.

CHRISTUS ST. VINCENT’S REGIONAL MEDICAL CENTER, Santa Fe, New Mexico 2011 to 2013

Chief Financial Officer

Responsible for all of the financial functions for a sole community hospital in Northern New Mexico. The Hospital included 2 campuses of 270 beds (ADC 145), cancer center, surgery centers, Level 3 Trauma Center, and 2 physician clinics with 106+ employed practitioners. The Hospital is also involved with several joint ventures and management service agreements with local non-employed physicians. The Hospital is owned by Christus Health (Managing Partner) and SVSupport, a particularly active locally owned 50% owner. The organization has $335M of net revenues, 2,200 employees, 400 credentialed physicians, 65,000 annual E/R visits and 13,000+ admissions per year. Administratively responsible for all financial areas, reimbursement, revenue cycle center activities, Health Information Services, Material Management, Hospital Information Systems, Case Management and Strategic Planning.

Teamed with COO to improve productivity standards to 40th percentile from 80th percentile.

Reduced costs in spine and orthopedic implant costs by $1.1M.

Restructured the Finance Department to improve functions on budgeting, monthly financial statement preparation, and year end audit results.

Worked with CEO and Santa Fe County on Sole Community Provider funding with CMS (Medicare).

Worked with COO on acquisitions of Ears, Nose & Throat Surgery Center, Heart Center, and Orthopedic Practice.

Established new budgeting process with positive results and improved end result for board approval.

Improved revenue processes to reduce unbilled Accounts Receivable by $12.0M.

Assisted with Implementation of Cerner Clinical Hospital System for EMR.

ANTELOPE VALLEY HOSPITAL, Lancaster, California 2008 to 2011

Chief Financial Officer

Responsible for all of the financial functions for a stand-alone District Hospital. This includes a campus of 420 beds (ADC 290) along with a Surgery Center, Foundation, Radiology Center, Women’s Center and other joint ventures that were established with various physician groups. As an innovative financial leader, teamed with the CEO to develop and implement strategic plans that identify and promote best practices for the financial turnaround and future growth. The organization had $330M net revenues, 2,400 FTE’s, 450 physicians, 118,000+ annual E/R visits and 24,500+ admissions per year. Administratively responsible for financial areas, reimbursement, revenue cycle center activities, Material Management, medical records, plant operations, utilization review, Home Health Care and all of the joint ventures of the organization.

Improved the revenue cycle financial returns by $11.5M the first year at facility.

Reduced the Days in Accounts Receivable by 10 days to 50 days of Revenue.

Restructured the Finance Department to improve functions on budgeting, monthly financial statement preparation, and year end audit results.

Completed organization turn around, results improved by $10.0M year one plus $9.5M in year two, plus $4.5M year three.

Renegotiated managed care contracts with positive outcomes of $8.0M by reorganizing the department and changing the managed care negotiating philosophy of the hospital.

Completed first, second and third year audit results with no management letter items and limited audit adjustments as compared to previous years.

Led and managed the installation of the McKesson financial computer system.

Responsible for all Treasury functions and investments for the operational and pension funds for the organization. Total funds are over $200M.

BON SECOURS COTTAGE HEATH SERVICES, Grosse Pointe, Michigan 2005 to 2007

Chief Financial Officer

Responsible for all of the financial functions of the BSCHS System. This includes 2 campuses of 310 beds (ADC165), 200 beds Nursing Home, 97 beds Assisted Living Facility, 10 Clinics with 39 physicians and numerous joint ventures that BSCHS is involved with. The organization had $233M net revenues for the organization, 1900 FTEs and is part of the Bon Secours Health System of Marriotsville, Maryland system. Administratively responsible for all financial areas, reimbursement, revenue cycle center activities, information systems, material management, medical records, physician clinics, retail pharmacies and joint ventures. The hospital was sold in July 2007.

Streamlined patient accounting department, effectively reducing net days in A/R from 55.0 to 42.0.

Conducted winning negotiations for a new contract for dietary and environmental services, resulting in immediate and lasting substantial savings of $200K while improving services.

Participated with corporate initiatives in A/R, A/P, cash management, and manage care negotiations.

Led Accounting Staff through a major clean up, producing a clean 2006 Audit, with no Management Letter issues after prior years major audit concerns.

Decreased $1.2M in supply costs, teaming interdepartmentally with the Material Management staff.

Brainstormed and championed a highly innovative RVU reimbursement scheme for employed Physicians, greatly increasing productivity and optimizing provider payments.

Identified areas for improvement and cost savings in areas of CRNA’s (anesthesia) expenses, hospital physician coverage, staffing reductions, service contract renegotiations, and employee benefit reductions. Total savings of $6.5M.

Reviewed operations for Durable Medical Company, a joint venture for BSCHS. Implemented savings of over $300,000 per year.

Directed Revenue Cycle improvements for denial management, pricing adjustments, CPT coding updates, strategic pricing initiatives, and appropriate markups for supplies.

Teamed directly with corporate on managed care initiatives with providers in the local market to improve reimbursement of over $11M over two years.

Heavily involved in the due diligence and presentations for the upcoming sale of the Michigan system to prospective buyers.

TATUM PARTNERS L.L.P., Duluth, Minnesota 2005

Chief Financial Officer, Partner HealthCare Division

Tatum Partners is a national professional service firm of CFO’s and CIO’s providing financial and informational technology leadership for organizations undertaking significant change. Responsible for working with hospitals healthcare systems, and other healthcare organizations in order to improve operations, assist CFO’s with special projects and provide organizations with interim CFO services.

ST LUKE’S HOSPITAL & REGIONAL TRAUMA CENTER, Duluth, Minnesota 2000 to 2004

Chief Financial Officer and Vice President of Finance

Responsible for all treasury and financial functions of the St. Luke’s system. This included St. Luke’s Hospital (SLH), a 265-bed hospital, Lakeview Memorial Hospital (LVMH), a 100-bed hospital and nursing home and twenty-two physician clinics with 140 employed physicians, along with many joint ventures. The organization was $225M net revenue per year operation, over 2,000 employees and is a regional trauma center for this area. Administratively responsible for hospital and clinic functions in finance, reimbursement, materials management, information systems, telecommunications, compliance, budgeting, utilization review, transcription, contracts, medical records and business office functions.

Designed, implemented and completed a corporate strategic plan for information systems.

Selected and implemented Meditech computer system ($7.5M savings per year).

Implemented a documentation system (improved reimbursement $2.5M per year).

Decreased days in A/R from 75 to 50 days for Hospital (increased cash flow $10.5M)

Improved managed care contract payment terms through contract analysis and negotiations.

Reduced number of health insurance plans resulting in $1.2M savings per year.

Participated with executive team in doubling patient revenues from $205M to $450M.

Co-led daily operations of a 15,000 covered lives managed care organization.

Co-led the financial organizational aspects of Pavilion Surgery Center Joint Venture, which start up resulted in $4.0M additional revenue and $.7M net income.

Established a process improvement function that worked with departments to implement work process improvement strategies, which saved approximately $500,000 over two years.

Finalized two bond financings for $55.0M and $7.0M.

OTTUMWA REGIONAL HEALTH CENTER, Ottumwa, Iowa 1992 to 2000

Chief Financial Officer

Responsible for all the treasury and financial functions of Regional Ventures Inc. and its affiliates, which included the 221-bed hospital, retirement living community, foundation, and a for-profit company, with a total budget of $100 million. Administratively responsible for Hospital’s functions which included: admitting, patient accounting, MIS, material management, plant operations, medical records, financial services, construction, dietary, laundry and environmental services. Managed Regional Enterprises, Inc., (for-profit) company which included a retail pharmacy, radiology maintenance business and rental properties.

Handled CON issues for $8M expansion of hospital and $1.8M boiler plant expansion.

Finalized $19M and also $9M Bond financings.

Implemented MIS system for order entry for ancillary departments.

Established a PHO (Physician Hospital Organization) with 5,000 covered lives.

Improved coding, utilization, and case mix for the hospital which led to increased reimbursement.

Assisted in the strategic financial planning and resource development of system.

Strengthened Balance Sheet by improving reimbursement, positive cash management, improvement in days in A/R, and creative financing planning and solutions.

Purchased and operated physician clinics and assisted with recruitment of physicians.

Managed construction projects.

Led effort to purchase physician owned laboratory which improved cost to the hospital by $1.5M.

CORAL GABLES HOSPITAL, Coral Gables, Florida 1989 to 1992

Affiliated of ORNDA Corporation (TENET) FOR PROFIT

Chief Financial Officer

Responsible for all of the financial management, data processing, and material management for 285-bed hospital with a $98M budget. Responsibilities included reimbursement, contract negotiations, and budgeting.

Reduced costs in supplies and services by $2M.

Reduced A/R by $3M in six months.

Exceeded budgeted cash flow by 10% during last two years.

Implemented a new SMS computer system for both clinical and financial applications.

Worked with corporate office on system issues, strategic planning and integrated systems.

CORAL REEF HOSPITAL, Miami, Florida 1989

Vice President of Finance

Responsible for the accounting, admitting, patient accounting, data processing and material management for this 260-bed hospital with a $75M budget.

Negotiated all HMO contracts and pricing for the managed care contracts.

Improved accounts receivable by 15 days.

ELMBROOK MEMORIAL HOSPITAL, Brookfield, Wisconsin 1981 to 1988

Affiliate of Franciscan Sisters of Wheaton, Illinois

Controller and Chief Financial Officer

Administratively responsible for all of the financial services of 166-bed hospital with a $50M operating budget, this includes budgeting, rate setting, Medicare cost reporting and annual audit.

FROEDTERT MEMORIAL HOSPITAL, Milwaukee, Wisconsin 1980 to 1981

Director of Accounting

Administratively responsible for the general accounting activities for a 294-bed hospital which was opened up in September 1980.

ST. LUKE’S HOSPITAL, Milwaukee, Wisconsin 1976 to 1980

Budget Analyst

Responsible for the Medicare Cost Report, feasibility studies and annual budget for a 600-bed hospital.

BLUE CROSS BLUE SHIELD UNITED OF WISCONSIN, Milwaukee, Wisconsin 1974 to 1976

Senior Auditor

Responsible for Auditing Medicare/Medicaid Cost Reports in the State of Wisconsin.

EDUCATION

Master of Science in Business, Healthcare Fiscal Management,

University of Wisconsin-Madison, Madison, WI

Bachelor of Business Administration/Accounting, University of Wisconsin-Oshkosh, Oshkosh, WI

Certified Public Accountant WI

PROFESSIONAL AFFILIATIONS / ACTIVITIES

Wisconsin Society of Certified Public Accountants

Hospital Financial Management Association Advanced member and board member for Iowa

Served on Iowa Hospital and Health Systems task forces

Member of the American College of Healthcare Executives

Guest lecturer for University of Iowa Master’s Program

Leadership Duluth

BOARD ACTIVITIES

Ottumwa Area Development Corporation, Executive committee Member of Board of Trustees Treasurer and president positions – Ottumwa

Member of Junior Achievement Board of Trustees – Ottumwa

Memorial Blood Center, Corporate and Duluth Chapter – Duluth

Share Advantage Credit Union Chair of the Finance Committee Duluth Still Active

Pavilion Surgery Center Inc. – Duluth

Care North Inc. – Duluth

Center Diagnostic Imaging Inc. – Duluth

Family Practice Center – Duluth

Renaissance Imaging – Lancaster

St. Elizabeth’s Homeless Shelter, Santa Fe New Mexico

Santa Fe Imaging Center – Santa Fe

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