David Newsom Email and Phone Number

• Key member of the executive management team. Direct and oversee all financial activities for the 37 provider practice including accounting, financial reporting, funding and cash management, bank relations, partner contracts, payroll, 401k administration, decision support, budgeting, forecasting, strategic planning, and risk management.• Manage direct and indirect staff of 35 including pre-certification, billing, coding, credentialing, office management, and collections located across north Alabama. • Effectively communicate organization directives to a variety of stakeholders, including owners, employed physicians, administration team members, and other staff. • Responsible for over $40 million in annual revenue. Oversee Medicare and private payer cost reporting, critical access reimbursement, annual financial audits, capital expenditure analysis, tax reporting, and the development of pro forma financial statements.• Create and manage the budget process. Regularly analyze complex financial information, presenting conclusions and recommendations in simple terms to the doctors, staff, executive committee, and owners. • Negotiate employee benefit offerings, manage open enrollment, worker's compensation, FMLA, short term disability (STD), long term disability (LTD), and COBRA. • Interim HR Director and Operations Manager during management transition periods. Trained new management staff.• Ensure compliance with internal policies and procedures, HIPAA and other governmental regulations.• Diagnose and solve key business problems utilizing and integrating organizational resources. Develop new ideas and methods while assessing potential impact to business. • Maintain company liquidity, credit lines and banking relationships. Ensure that working capital balances are maintained at optimum levels.• Manage the company’s risk management programs, including all insurance coverages. Maintain relationships with legal counsel and engage as necessary.

• Engaged with external customers to resolve complex contractual and financial issues. Anticipated and understood customer needs, taking proactive action to meet those needs. • Consulted with holistic medical practice in strategic business planning, growth options and cash flow management. Revamped bookkeeping, established billing procedures and instituted inventory management best practices. Evaluated potential acquisitions and advised owners on growth opportunities.

• Supervised 3 employees including training, mentoring and evaluation. Ensured personnel complied with all Federal and State privacy, banking and security laws. Managed direct reports and provided a positive working environment. Established clear goals and metrics for all employees.• Primary point of contact for senior level personnel within 25 businesses with annual revenues from $10 million to $25 million. Consultative philosophy included providing regular guidance in business development, budgeting, accounting practices, management and forecasting, resulting in a 40% portfolio growth. • Developed on-going relationships with senior executives in government contracting, manufacturing, supply chain and retail companies. Worked closely with executives in order to recommend actionable items and financial implications.• Responsible for tracking, monitoring, expediting and archiving all deliverables for new, renewing and closing customer products. Ensured all contracts, letters of credit, and financials were accurate prior to entry into enterprise wide financial management system. • Created forecasts and contract analysis for upper management showing customer compliance and status of upcoming deliverables for a $60 million credit portfolio. Ensured both regulatory and legal compliance with rapidly changing government regulations and all company policies and procedures.• Provided ROI and IRR analysis as appropriate. Responsible for on-going review of financial systems and activities to ensure compliance with company policies and GAAP.

• Consulted with customers across a $25 million credit portfolio with regards to growing their businesses. Identified subcontract flow-down requirements, contract restraints and modifications, new growth opportunities and process improvements that could be implemented. Grew portfolio of customers 60% in 18 months by analyzing the customer’s needs and giving specific financial and business development guidance.• Wrote proposals and won financial contracts from companies with revenues from $2 million to $20 million. Created a complex data matrix to track leads and deliverables.• Established good working relationships with both customer executives and internal employees though trust and understanding. Successfully convinced many former customers to switch banks in order to maintain working relationships.

• Cultivated long term relationships with senior management from diverse industries including high tech, construction, manufacturing, government contracting, service, manufacturing, not-for-profit, and healthcare with annual revenues between $10 million and $500 million. Successfully maintained a $50 million portfolio of financial products.• Analyzed customer financials and assisted management in understanding complex financial products and how they would help grow their business. Excelled in using analytics, Business Intelligence, and complex data systems to steer customers away from what they thought they wanted to what their business truly needed in order to thrive.• Appointed to the advisory team responsible for implementing a new financial records system. Developed and revised policies based upon regulatory and legal compliance. Collaborated successfully with senior management, programmers, and team leads to design and execute the new system.• Contributed to strategic decision making by providing financial modeling, projections, and alternative analysis.

• Ensured the financial well-being of the organization by providing financial projections and accounting services, preparing growth plans, and directing staff.• Revamped Accounts Payable function that processed over 6,000 invoices totaling $7.7 million per month. Overhauled state and municipality sales tax reporting to streamline data collection and reporting responsibilities. Put into service a thorough system of standard accruals.• Led, managed, and empowered the General Accounting team of 5, hiring and training 3 of them. Conducted both peer and supervisory reviews.• Successfully implemented budget system for Regional operations covering all aspects of the homebuilding process. Acted repeatedly as a facilitator to achieve productive collaborations between groups. Regularly interacted with management, utilizing data management to support new business activities.• Diagnosed and solved key business problems utilizing and integrating organizational resources. Developed new ideas and methods while assessing potential impact to business. • Responsible for all General Ledger accounting processes, month end, and year end closing. Managed payroll, travel, cash control, and audit functions. Implemented checks and balances to identify and solve problems early and efficiently.

• Supported management decision making by providing financial models, scenario planning, and cash flow projections to ensure proper funds were available to meet operational and capital needs. Studied long-range economic trends and projected their impact on future growth in sales and market share.• Initiated and institutionalized a new bonus plan for regional, district and branch managers concentrating on maximizing development of new customers, maintaining existing customers and maximizing net profit at the branch level. Responsible for monthly calculations of bonuses, working closely with branch, district and region managers with distribution and variance analysis. Trained managers on financial statements and financial performance.• Single point of contact for cash management nationwide, encompassing 18 accounts in 8 states with 3 different banks. Worked with banks to structure accounts to maximize interest revenue while minimizing analysis fees on $2 million monthly average balances. Supervised a $10 million fixed asset portfolio, including modifying the reconciliation reporting process. • Defined, created and implemented budget programs for over 75 branches nationwide. Instructed managers in how to utilize basic Excel and advanced financial modeling resulting in more accurate and useful financial data.

• Acted as primary security contact for the Federal Reserve with regards to Fedwire, Treasury Bills, Notes and Bonds. Worked closely with in-house, FDIC and State Banking Department auditors and CFO to improve compliance levels.• Responsible for all aspects of maintaining and accounting for an $18 million fixed asset portfolio and performed Asset-Liability Management analysis for a $120 million portfolio.• Conducted all filings and correspondence with Arizona Corporation Commission for a wholly owned subsidiary.