David K. Email & Phone Number

Leland, Nc, Us

United States

Garden City, Michigan, United States

Provide leadership in the areas of revenue cycle, decision support, the controllership function, treasury, supply chain and IT.Responsible for planning, organizing and influencing department activities, including revenue cycle and business office.Assure that financial records of the region are maintained following GAAP standards.

Green Bay, Wisconsin, United States

Managed the day to day financial operations of a 72-bed behavioral health hospital including the business office function, payroll, purchasing, accounts payable, general accounting, financial reporting, budget preparation, IT and FTE management. Monitored and controlled accounts receivable to ensure cash collection goals were met and net revenue was properly stated.Performed month end close process, prepared and analyzed monthly financial statements and reconciled balance sheet accounts timely.Developed the hospital’s annual operating budget consisting of nearly $15 million in expenses and over 225 employees.Improved profitability of the hospital by continually monitoring costs especially staffing as it related to patient volume and negotiating contract terms with third party insurance companies.Developed and monitored policies and procedures within GAAP and Corporate guidelines.Worked with Corp VP of Contracting to negotiate third party payer rates and terms.

Red Bank, New Jersey

Developed and implemented new strategies to maximize the profitability of the hospital system.Reviewed and researched current and proposed state and federal reimbursement policies pertaining to the behavioral health environment and implemented changes to procedures as needed.Influential in hiring a third-party physician billing company to lower costs and improve cash flow.Reviewed daily FTE, weekly denial reports and monthly financial packets for 4 facilities to ensure budget objectives were being met and developed corrective action plans if needed. Interviewed, hired and developed facility CFOs as needed.Filled in as facility CFO as necessary.

Greater Memphis Area

Developed and implemented new strategies to minimize bad debt, improve cash flow and manage the overall health of the company’s receivables.Influential in hiring a new third-party physician billing company to improve cash flow.Reviewed and researched current and proposed state and federal reimbursement policies pertaining to the behavioral health environment and proposed new procedures as needed.Provided leadership and direction to facility CFOs, Corporate Business Office Directors and the Executive Director of Utilization Management regarding company policies and procedures to improve facility EBITDA and cash flow.Reviewed daily FTE reports, weekly projection models and monthly financial packets for 5 facilities to ensure budget objectives were being met and developed corrective action plans if not being met.Interviewed, hired and developed facility CFOs as needed.Filled in as facility CFO as necessary.

Covington, Kentucky

Managed the day to day financial operations of a 197 bed start up joint venture behavioral health hospital which included accounts receivable, accounts payable, accounting, utilization management and procurement.

Memphis, Tennessee

Managed the day to day financial operations of a 60 bed start up behavioral health hospital including Accounts Receivable, Accounts Payable, Payroll, Purchasing, Financial Reporting, Budgeting, Admissions and Utilization Management.Interviewed, hired and oriented senior leadership team before hospital opening.Negotiated vendor contracts prior to hospital opening.

Auburn Hills, Michigan

Managed the day to day financial operations of a 243 bed behavioral health hospital including accounts receivable, accounts payable, payroll, purchasing, accounting, financial reporting, budgeting and FTE management.Monitored and controlled accounts receivable to ensure monthly cash collection goals were met and that net revenue was properly stated.Prepared monthly financial statements, financial packages and other financial reports.Developed annual operating budget consisting of nearly $50 million in expenses and over 450 employees.Developed and monitored policies and procedures within GAAP and Corporate guidelines.

Detroit, Michigan

Managed the day to day financial operations of a 94 bed rehabilitation hospital and 25 outpatient physical therapy clinics.Managed the annual operating budget process in excess of $80 million and 650 FTEs.Prepared monthly departmental financial statements and reports.Chaired quarterly operations meetings to discuss financial results and suggested cost reduction ideas when needed.Prepared quarterly financial statements for the RIM Foundation.Member of the RIM Capital Budget Committee and the DMC Laundry Administrative Committee.Completed strategic financial analysis as requested (e.g. New clinic sites, service line profitability, lease vs. buy, etc.).Graduated from DMC's Leadership Academy class of 2011.

Detroit, Michigan

Developed GM Health Services annual budget in excess of $54 million in expenses.Analyzed monthly operating results to identify and report major variances from budget.Developed and maintained operational metrics to track clinic performance.Served as Financial Consultant to both the GM Health and Safety and the Work Family subcommittees during the 2003 UAW-GM collective bargaining negotiations.

Detroit, Michigan

Managed daily cash funding of all company disbursement accounts.Developed weekly forecast of cash flows for outside Investment Managers as well as Senior Leadership.Prepared monthly closing entries to account for unrealized gains and losses on investments.Prepared quarterly Statements of Investment schedules (Schedule D).

Master Of Business Administration (Mba), Finance, General

Bachelor Of Science (Bs), Accounting And Finance