Paul Davis, Cpa, Cma Email & Phone Number

Broomfield, Colorado, Us

AMBLITEL solves many ASC (Ambulatory Surgery Centers) challenges by providing high performance solutions including: value added Consulting Services, access to world class Information Technology Platform, and by delivering Specialized Back Office Services that increase revenues, decrease expenses, shortens revenue cycle and provides better information to enable the ASC to be more strategically managed

Ambulatory surgery center design, development, management, and operator company with ~400 employees, 38 affiliated facilities, $35M in annual revenue, and $170M in combined affiliated facilities revenue.Directed delivery of support services to 38 ambulatory surgical facilities including clinical support, finance, accounting, payor contracting, benchmarking, business office support, materials management support, education, and networking. Supervised operations preparation services for new centers transitioning from development to operations, new facility development, consulting services, and new business development. Oversaw all finance and accounting functions, financial reporting, annual audit, tax filings, equity investments, strategic financial planning, and treasury functions. Controlled $35M revenue budget and led team of 20 employees.Selected Accomplishments: Delivered $29M in projected incremental company value by leading new business development efforts to structure joint venture arrangement that would design, develop, and operate over 30 healthcare facilities in the Middle East. Improved ease of physician surgery scheduling, communication between anesthesiologists and nurses, and case volume by spearheading design and development of Internet-based surgery scheduling application that interfaced with Health Information System’s surgery scheduling module. Obtained access to $28M of capital to purchase ownership interests in outpatient surgical facilities and diagnostic imaging centers by leading process to secure replacement capital partner. Enabled automatic, integrated reporting, created scalable business model, gained negotiating leverage for payor contracting, significantly improved costs, and drove positive change by building electronic data warehouse with sophisticated business intelligence reporting capabilities and electronic interface with Health Information System used by affiliated facilities nationwide.

Division of JJHCS providing consulting and management services to ambulatory surgical centers with $10M in annual revenue and $120M combined revenue with managed facilities. JJCHS’ MBO became Health Inventures in 2003.Recruited to direct management services provided to 30 ambulatory surgical facilities. Management services included Board relations, clinical support, finance, accounting, payor contracting, benchmarking, business office support, materials management support, education, and networking. Led delivery of operations preparation services for new centers transitioning from development to operations. Managed $120M annual budget and team of 20 employees.Selected Accomplishments: Played key role in completing management buy-out of Johnson & Johnson Health Care Systems Ambulatory Surgery Division by securing venture capital funding. Initiated design and development of business requirements document for electronic data warehouse with sophisticated business intelligence reporting capabilities. Improved employee productivity 20% by automating routine functions and implementing metrics to track and measure performance.

Denver, Colorado, Us

Healthcare ratings company which reinvented itself from physician practice management company, Specialty Care Network. Recruited to oversee all accounting functions, strategic financial planning, corporate financing, acquisition due diligence, capital expenditure analysis, risk management, retirement plan administration, corporate compliance, and SEC reporting. Managed investor relations, $80M budget, and 10 staff members.Selected Accomplishments: Partnered with executive team in successfully completing IPO that raised $22M in capital funding by directing all finance and accounting activities. Completed SAB48 roll-up, contracted Ernst & Young to audit three years of financial statements, negotiated and structured deals with practices, participated in roadshow, performed due diligence, and worked with attorneys, accountants, and underwriters to prepare S-1 Registration and other SEC documentation. Contributed to ~$10M improvement in EBITDA run-rate by performing due diligence and leading integration of 21 acquisitions within 18 months. Facilitated successful integration of 21 acquisitions, while maintaining accurate, timely financial reporting by designing and implementing centralized finance and accounting infrastructure. Negotiated and expanded bank syndicated credit facility by 275% from $20M to $75M. Protected company from potential fraud and abuse claims by collaborating with attorneys to design and implement corporate-wide compliance program, policy statement, procedures, and staff education program. Played key role in transforming physician practice management company into thriving healthcare ratings company by successfully implementing restructuring plan and completing $18M private equity financing.

Ambulatory surgical center and physician practice management company with ~200 employees and $17M in annual revenue.Recruited to direct all accounting functions, corporate financing, and corporate strategic financial planning. Analyzed and assessed financial feasibility of all acquisitions and development projects. Worked with administrators to provide payor contracting assistance and operational support. Led team of 5 direct reports and controlled $17M annual budget.Selected Accomplishments: Played key role in sale of four surgery centers by managing daily center operations for four months, coordinating all buyer due diligence activities, obtaining all approvals and consents for contract assumption and general partner substitution, reviewing legal documents, and preparing accompanying schedules and exhibits. Contributed to company expansion through participation in acquisition of two surgery centers and one physician practice, as well as syndication and development of two additional surgery centers. Facilitated company growth by negotiating $5.6M of non-recourse equipment financing and $1.6M of real estate financing. Accelerated financial statement delivery by one full week, reduced headcount by ~7% in each business office, and liquidated significant amount of receivables by evaluating existing computer systems, implementing surgery center system in three centers, and building electronic interfaces with corporate accounting system and surgery center operations.

Anesthesia service provider with 152 physicians, ~100 employees, and $82M in annual revenue. Directed all facets of accounting and finance for corporation and subsidiaries including strategic financial planning, tax planning, year-end audit coordination, joint venture negotiations, bank negotiations, and cash management. Prepared and delivered Boards of Directors presentations. Managed $82M annual budget and team of 10 employees.Selected Accomplishments: Played key role in successful sale of medical billing and collection subsidiary by analyzing buyer capabilities, assessing tax consequences, developing performance criteria, determining pricing, coordinating due diligence process, and reviewing legal documents. Increased billing receipts 18% and improved average A/R revenue days by 49 at ailing medical billing and collection subsidiary while working as Interim Executive Director to restructure operations, institute quality assurance program, implemented productivity standards, and performance metrics Improved productivity and timeliness of monthly financial reporting through design and implementation of new accounting system comprised of hardware, software, and procedures. Turned around bankrupt surgery center to achieve stabilized cash flow, gain efficiency improvements, and acquire majority ownership position for ASMG by serving as Interim Administrator, developing and negotiating reorganization plan with creditors, and managing daily operations.

Responsibilities: preparing operating and capital budgets, annual financial business plan, monthly variance reports, cost studies, consolidated statement preparation and coordination of year-end audit. Accomplishments:• Developed an accounting system, in conjunction with data processing department, and related accounting manual for surgery centers. Successfully implemented system in five centers.