Ankit Patel Email & Phone Number

Chicago, Illinois, United States

Greater Chicago Area

• Administer multi-specialty OB/Gyn academic department and its physician practice – General OB/Gyn, Urogynecology, Maternal Fetal Medicine, Reproductive Endocrinology and GyneOncology • With annual clinical revenue of $18 million, prepare annual budget, perform monthly financial reporting and analysis for the practice, prepare simulated scenarios based on changes in key factors impacting the clinical services• Joined the Department after turnover of administrative staff, recruiting key… Show more • Administer multi-specialty OB/Gyn academic department and its physician practice – General OB/Gyn, Urogynecology, Maternal Fetal Medicine, Reproductive Endocrinology and GyneOncology • With annual clinical revenue of $18 million, prepare annual budget, perform monthly financial reporting and analysis for the practice, prepare simulated scenarios based on changes in key factors impacting the clinical services• Joined the Department after turnover of administrative staff, recruiting key positions and mentoring the administrative team to support the mission & vision of the Department• Prepare and negotiate proposals and business plans for the Clinical Practice • Managed revenue cycle transition during migration of billing system to new software• Manage the faculty variable compensation and incentive plan for the Department• Manage public service grants from local and state health departments Show less

Greater Chicago Area

• With an operating budget of $11.5 million the Transplant program covers Kidney, Liver, Pancreas, Small-Bowell, and Stem Cell transplantation • Conducted Transplant Program revenue and expense analysis, and proposed revenue contract modifications with third party insurers• Collaborated with Hospital Reimbursement Department on cost accounting and reporting issues for Medicare Cost reporting for Organ Acquisition Cost Centers• Analyzed business processes to implement transplant… Show more • With an operating budget of $11.5 million the Transplant program covers Kidney, Liver, Pancreas, Small-Bowell, and Stem Cell transplantation • Conducted Transplant Program revenue and expense analysis, and proposed revenue contract modifications with third party insurers• Collaborated with Hospital Reimbursement Department on cost accounting and reporting issues for Medicare Cost reporting for Organ Acquisition Cost Centers• Analyzed business processes to implement transplant referral and evaluation tracking database which was instrumental in supporting the departmental operations • Identified opportunity to start new antigen testing clinical service within Pathology Labs that realized an annual cost saving of $250,000 to the Hospital • Implemented contractual billing initiative to capture appropriate revenues on pre-transplant evaluations • Established the stem cell and bone marrow acquisition billing process utilizing appropriate revenue codes to accurately report Medicare cost and generated potential contractual revenue Show less

Greater Chicago Area

• Consulted Directors of Nursing to establish operating budgets for nursing services ($85-95 million) by applying staffing models for each service area • Developed and enhanced budget variance analysis models in accordance with cost accounting and labor productivity principles for all nursing departments • Administered the payroll operations, ensuring compliance with policies, procedures, and contractual agreements – implemented necessary controls post implementation of an… Show more • Consulted Directors of Nursing to establish operating budgets for nursing services ($85-95 million) by applying staffing models for each service area • Developed and enhanced budget variance analysis models in accordance with cost accounting and labor productivity principles for all nursing departments • Administered the payroll operations, ensuring compliance with policies, procedures, and contractual agreements – implemented necessary controls post implementation of an enterprise-wide payroll system to prevent overpayments, underreporting of time, and ensure data integrity for business intelligence databases used for productivity reporting • Analyzed and prepared salary proposals for the nursing bargaining unit negotiations Show less

Greater Chicago Area

 Lead the Payroll Tax Compliance implementation team to ensure design integrity within the Banner Payroll system and compliance with current tax withholding and reporting policies. The project ended with the design of a new ERP module, interface and standard reports that enabled income tax withholding and reporting compliance.  Worked on data warehouse (using Business Objects) and report design; created standard and custom payroll reports. Established a payroll operations schedule… Show more  Lead the Payroll Tax Compliance implementation team to ensure design integrity within the Banner Payroll system and compliance with current tax withholding and reporting policies. The project ended with the design of a new ERP module, interface and standard reports that enabled income tax withholding and reporting compliance.  Worked on data warehouse (using Business Objects) and report design; created standard and custom payroll reports. Established a payroll operations schedule that incorporated requirements set forth by the Office of Cash Management and Investments (OCMI) and the Comptroller. Collaborated with internal auditors to ensure that appropriate controls are built for compliance. Show less

Greater Chicago Area