Manager Management

Michael D. Hammond, Chief Financial Officer

**** ***** ***, **********, ** 23320 Home: 757-***-**** Cell: 757-***-**** Email: ***********@*****.***

Motivation: Financial Manager supporting desired objectives of the organization.

Professional Profile

Accomplished executive with a proven ability to provide financial management and achieve financial objectives of the organization. Enjoy providing financial management to obtain bottom line profitability of an organization previously operating in a deficit. Challenges successfully accomplished include facilities experiencing 1) start-up operation, 2) change in ownership and 3) expansion of services.

Respected leader able to build highly motivated management teams focused on achieving corporate goals and participating as a speaker in industry associations.

Areas of Expertise

Works well with and effectively communicates complex health care and private foundation financial data and concepts to board members, administration, department heads and staff

Develops and implements construction accounting systems, including financial feasibility studies, contract monitoring, and capital financing for new healthcare facilities and office buildings

Effectively establish financial internal controls and procedures

Effectively establish relevant operational budges, with inclusion of all operational department heads

Effectively negotiate contact services and benefit packages

Effectively develop recruitment and retention policies relevant/beneficial to the staffing pool

Knowledgeable with and able to use current information management systems

Knowledgeable in private foundation tax regulations, i.e. minimum payout requirements, and grant compliance

Expert in third-party reimbursement systems

Able to coordinate many projects simultaneously

Calm and rational problem solver

Employment

2007-Present Director of Finance, Obici Healthcare Foundation

Hired to assume financial start-up of newly formed private healthcare foundation with a $100 million investment portfolio to include, grant compliance, accounts payable, investment accounting, payroll, internal controls, budget forecasting, cost allocation, audit and general accounting.

Coordinate communication between the Board’s audit, financial and investment committees and the Foundation’s investment advisor, independent audit firm, health insurance and general insurance agents

Instructs custodian and investment managers regarding deposits, withdrawals, transfers, purchases or sales and subscriptions related to investments in marketable equity securities, mutual funds, private placements, limited partnerships and alternative investments.

Prepares and presents monthly financial statements to the Board of Directors

Prepares annual financial statements (GAAP), audit and tax schedules, for completion of annual audit and tax return filing (Form 990PF) by independent auditors

Prepares and presents to the Board the annual operating budget including, cash flow forecast for operating expenses, grant payments and investment transactions

Analyze, recommends and administers appropriate lines of benefit package to include, health, life and disability insurance, vacation and sick leave, and retirement accounts

Orients and updates employees regarding benefit package

Developed grantee budget proposal and grant expenditure reports

Establish grant making policies in compliance with IRS regulations, including minimum payout obligations

Conducts financial audits of grantee expenditures under established grant audit policy

Developed policy for and created internal controls for disbursement of funds to grantees

Developed “Value of Services Policy” to enhance internal evaluation of grantee proposals

Prepared financial feasibility study, construction accounting and obtained tax exempt bond financing for new office building

1997-2007 Chief Financial Officer/Assistant Administrator, Beth Sholom Home of Eastern Virginia

Hired to assume financial start-up of the local facility following separation from the centralized multi-facility company, and to facilitate the expansion of services based upon Medicare/ Medicaid expertise.

Financial management of 120 bed skilled nursing facility, 68 bed assisted living facility and 119 bad Section 8 senior independent living facility with a total operating budget of $15 million and 300 employees

Directed, planned; organized all financial systems of a newly formed company

Supervised accounting, patient billing, payroll, human resource and information management departments

Prepared and presented monthly financial statements of the Board of Directors

Prepared annual operating budgets, third party reimbursement cost reports, regulatory filings and tax returns

Prepared financial feasibility study an construction accounting for new assisted living facility

Supplied financial analysis for underwriter to obtain financing for construction of assisted living facility which opened in 2004

Selected and coordinated new telecommunication and internet systems for BSHEV

1989-1997 Manager of Financial Operations Division, Department of Medical Assistance Services

Hired as consultant and promoted to Division Manager within one year to improve motivation and skills of the Professional staff.

Assumed responsibility as Manager of Cost Settlement Unit, eliminating a Supervisor position and utilizing staff to save compensation of approximately seven full time employees

Worked with a Divisional Team to develop the Virginia Nursing Home Payment Systems and recommended change resulting in a $15 million savings

Developed, implemented and evaluated quality controls for daily operations, including cost settlement and auditing

Ensured compliance with external contracts

Testified on behalf of department as expert witness during legal proceedings

Wrote and implemented departmental procedure for the Nursing Home Payment Systems

Designed the Commonwealth of Virginia Nursing Home Cost Reporting Forms

Liaison with Virginia health care providers in cost settlement and rate setting issues

Designed computer based departmental forms with Information Management Department

1985-1988 Director of Finance, Norfolk and Portsmouth Psychiatric Centers

Hired to assume financial start-up, subsequent to a change in ownership.

Converted all financial procedures and software applications from previous owner to new owner requirements following purchase

Directed, planned, organized and staffed the accounting, data processing, materials management, admission and business office departments

Prepared monthly written and oral financial statement and analysis

Prepared annual budgets, tax returns, cost reports and regulatory filings

Negotiated all third party payor reimbursement rates

1984-1985 Director of Finance, Brazos Psychiatric Hospital

Hired to assume financial start-up, during construction and opening of the facility.

Worked with selected Implementation Project Team and Corporate Management to build and open a new facility before a competitor opened a similar hospital in the city

Utilized systems analysis and integration procedures with Implementation Project Team to write policies and procedures for the Financial Division’s accounting, data processing, materials management, personnel, admissions and business office

Hired and trained all staff for Financial Division

Negotiated opening third party payor contracts

Participated in state and federal certification reviews and JCAHO review

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