Mukesh Sanghvi, FCA, CPA, MBA

Union City, CA Mobile: 502-***-****

adx3tq@r.postjobfree.com

Seasoned senior financial executive with practical knowledge in all aspects of finance and accounting in a fully integrated acute care hospital system supported by physician practices and a capitated program. Strengths include revenue cycle, auditing, GAAP accounting, budgeting, financial planning, tax, long-term forecasting, treasury and bond compliance, Proven track record of identifying internal control weaknesses and taking steps to eliminate those weaknesses by engaging key stakeholders. Spearheaded and implemented efficiencies that resulted in significant cost savings. Experienced with strategic business planning, ROI analysis, productivity, trend analysis, performance improvement and effective installation of multiple software applications that ultimately automates and reduces staff. Established and seasoned team player, manager, and a proven leader.

Software: Successful in implementing and efficiently using Oracle, Cerner, Meditech, Lawson, McKesson, ADP, Kronos, PeopleSoft, EPIC, Siemens, NextGen, Workday, SAGE Intacct.

Education: MBA (Financial Administration) – University of Louisville; BA University of London, England

Certificates: CPA – Kentucky, FCA (Chartered Accountant)–UK

Prospect Medical Health System, Orange County, CA March 2021 to present

Fully integrated and complex health system comprising of 17 hospitals, clinics, home health, Medical Groups, Capitated membership programs, Medical Plans, JVs

VP / Corporate Controller

●Worked effectively with treasury in managing cash and treasury functions. Oversaw capital programs and vendor management. Established IT spend and financial management of the contracts.

●Achieved clean audits with no management point and no internal control weaknesses. This ratifies that I have established great policies, procedures, and sound controls.

●Managed to acquire funding for working capital and construction costs. Identified accounting pronouncements to record this appropriately in the books.

●Filed timely and accurately with reporting agencies related to the end of the month, quarter, and end of the year comprehensive reports for earnings release and external consolidated financial reporting. Ensured compliance with covenants and other regulatory requirements from the lenders.

●Lead the accounting teams at each facility in closing the books accurately and timely. Reviewed flux analysis and budget variance system wide.

●AP, payroll and material management are under my supervision and ensured efficient functioning of these departments.

●Prepared consolidated financial reports, narratives, and performance metrics to the upper management.

●Converted all the separate general ledgers into one Oracle platform whereby eliminated manual work and created a one button robust reporting and intercompany elimination workbooks.

Chinese Health System, San Francisco, CA Oct 2018 to March 2021

Fully integrated hospital system, clinics, medical groups and medical plans

Financial and Accounting Controller

●Implemented Cerner within the implementation timeline without any loss from the billing or coding issues. Converted old records and managed to collect cash against both billing systems

●Brought physician groups into Cerner conversion seamlessly.

●Oversaw Bond reporting, Effective investment management, Medical foundation, Charitable foundation, AP, Payroll, Materials Management, financial reporting, Audit. Prepared financials in compliance with GAAP, FASB and GASB guidelines.

●Achieved clean audits with no management point and no weaknesses and finished within time constraint. Provided great client assistant which helped to lower audit fees.

●Managed to acquire clean funds for working capital and additional construction costs.

●Strategize with the senior team to turn around the system. Helped with achieving improved and excellent patient care

●Oversaw and filed successfully higher wage index and successful cost report audits.

●Investment management for pension and related to excess operating cash returned more than 10% annual return over past several years.

Verity Health System (Filed for Bankruptcy) December 2016 to Oct 2018

Fully integrated hospital system with 7 large hospitals, clinics, medical groups and medical plans

VP Finance / Corporate Controller

●Successfully secured to obtain higher wage index.

●Managed payroll for more than 2000 employees with no discrepancies

●Produced financial reporting with accuracy with no prior period adjustments.

●Achieved clean audit with no management point and no weaknesses

●Initiated budget discipline and accountability by setting goals and expected savings.

●Engaged department heads with budget ownership and process and variance analysis throughout the year.

●Managed vendors without any disruptions with limited monthly cash allocations

●ROI were achieved on all capital projects by working closely with the directors

●Automated financial reporting functions

Chinese Health System, San Francisco, CA December 2012 to Nov 2016

Fully integrated hospital system, clinics, medical groups and medical plans

Finance Director

Similar responsibility as outlined above.

Washington Healthcare System, Fremont, CA June 2008 to Oct 2012

369-bed hospital, medical foundation, multiple partnerships & Joint Ventures

Systems Controller

●Established new medical foundation with nuisances related to Work RVUS

●Achieved clean audit with no management point and no audit adjustment for four years in a row

●Prepared business analysis ADP vs. Kronos timekeeping system saving $2M.

●Introduced case carts and pick tickets for OR to capture all charges.

●Initiated a carousel system in pharmacies – benefit lower drug cost and

●Managed decision support, Action O/I, budgeting and treasury functions

●Oversaw all financial and accounting comprising of 20 entities.

●Prepared error free 50-page comprehensive consolidated financial report

●Prepared financials in compliance with GAAP, FASB and GASB guideline

Memorial Health System, Springfield, IL Nov 2006 to May 2008

(Five-hospital system plus multiple partnerships and joint ventures)

Corporate Director of Financial Services & Decision Support

●Managed state and federal funding and grants for more than $68 million

●Prepared financials in compliance with GAAP, FASB and GASB guideline

●Achieved clean audits with no management point and no weaknesses.

●Provided leadership in treasury functions, financial planning, tax, budget,

●Initiated accurate charge master and worked closely with revenue cycle team.

●Improved month-end close process and preparation of comprehensive financial reports

●At system level, managed accounting for 13 subsidiary companies

●Helped in recruiting several physicians for newly created physician practice.

●Filed quarterly financial reports to bond holders, senior management, and the board.

●Centralized materials management system to eliminate over stocking.

●Reduced medical costs under the self-insurance funding program.

Norton Healthcare, Louisville, KY March 1996 to Oct 2006

Eight-hospital system & multiple subsidiaries

Finance Director / Corporate Controller

●Centralized materials management system to eliminate over stocking.

●Provided financial leadership over an 8-hospital system.

●Responsible for overseeing audit, tax, payer contracts, denials and underpayments.

●Implemented strategic business plans that would Increase flawless patient flow.

●Attracted and recruited multiple physicians.

●Successfully brought a prominent hand surgeon to join our hospital by introducing new program

●Developed business plans and established higher reimbursement for surgical cases.

●Served as Regional Financial officer to oversee 24 rural hospitals managed by Norton.

●Participated in conversion of accounting and clinical system to Lawson.

Arthur Anderson, London, England Feb 1988 to Feb 1996

Large Audit firm with International Presence

Senior Audit Manager

Signed four years of training to become an auditor and pass Chartered Accountancy exams. Got promoted to Senior audit manager and became responsible to oversee large public company audits. Reported with multiple senior Partners as I specialized in internal controls and public company audits.

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