Jeff Downs

Jeff Downs Email and Phone Number

Chief Financial Officer @ Pacific Diagnostic Labs
Chapel Hill, NC, US
Jeff Downs's Location
Raleigh-Durham-Chapel Hill Area, United States, United States
About Jeff Downs

I have worked with companies of all sizes from start-ups to billion dollar public entities, I understand the issues facing the C-suite and Investors. In the clinical lab arena, I have extensive hands on experience in finance, lab IT, operations, sales and business development. International experience includes manufacturing and sale of lab products in Brazil, Canada, Great Britain and the Middle East. In addition to laboratory services, I have a broad working knowledge in multiple disciplines within healthcare. I have also been close to activities related to the FDA's Premarket Approval Process (PMA) and maintaining ISO 13485 status for reagent manufacturing.I believe in leveraging technology in both science and execution/delivery to advance service offerings, streamline workflow and strategy. Putting this into practice, companies I have been a part of have thrived doing so and as a result had successful exits - acquired or merged into larger publicly traded entities. By title I have worn the hat of CFO, Managing Director and VP Sales. By experience additionally, COO and CIO. As CFO, I embraced the use of technology becoming the most connected lab in the US, at that time, this resulted in Wall Street shining a spotlight on the company and subsequent sale.Summary: 20 years progressive leadership in healthcare services industry  10 years in the role of CFO  14 years advising Hospital C-suites and commercial lab owners on lab strategy, financial and operational improvement, business combinations and lab consolidations Participated in numerous successful mergers, acquisitions, divestitures, startups and turn-arounds In addition to laboratory services, I have consulted in other ancillary areas within health care including physician practice management, nurse staffing, service line consolidation, medical economics, population health / disease management & molecular/genomic business models. Supported three (separate) Billion $ Mergers (Lee/Wrangler Jeans, Kodak, Roche & National Health Labs). Over the course of my career I have arranged a host of financing transactions ($400M+) Masters of Science - Biomedical Diagnostics, Arizona State University B.S. Accounting, Elon University CPA - Big Four Audit (Deloitte)

Jeff Downs's Current Company Details
Pacific Diagnostic Labs

Pacific Diagnostic Labs

View
Chief Financial Officer
Chapel Hill, NC, US
Website:
pdllabs.com
Employees:
112
Jeff Downs Work Experience Details
  • Pacific Diagnostic Labs
    Chief Financial Officer
    Pacific Diagnostic Labs
    Chapel Hill, Nc, Us
  • Pacific Diagnostic Labs
    Director Of Laboratory Finance (Cfo)
    Pacific Diagnostic Labs Oct 2024 - Present
    Santa Barbara, California, Us
    Head of lab finance for a well established health system lab company. Working with some of the finest lab execs and team members anywhere! Glad to be back in a supportive leadership role.
  • Accumen Inc.
    Vice President Strategic Relationships
    Accumen Inc. Jan 2022 - Sep 2024
    Scottsdale, Arizona, Us
    Responsible for product Sales in Eastern US, Alabama, Mississippi, LA and Texas. Company Sales Leader '20, '21, '22 and '23. Experience includes hospitals / health systems, independent commercial labs and physician practices. Sub-specialties include SAAS-based tools for perioperative services, operational, molecular / genetic testing, strategic advisory services, operational and financial performance improvement, Healthcare IT - interoperability / data exchange, 3D advanced imaging, and planning for complex mergers, acquisitions and outsourcing arrangements.
  • Accumen Inc.
    Vice President Sales And Gm, Consulting Services
    Accumen Inc. Jul 2019 - Jan 2022
    Scottsdale, Arizona, Us
    Accumen Inc. is setting a new standard for Performance Excellence. Using a proven blueprint, a customized approach with innovative, proprietary technology. We partner with Hospitals and Health Systems to transform Clinical Laboratories, Imaging Services, Patient Blood Management and perioperative risk mitigation programs and Women's Health.Health systems trust Accumen to deliver unprecedented value; this is done, everyday!
  • Valley Street Lab Partners, Llc
    Managing Director
    Valley Street Lab Partners, Llc Jul 2010 - Jun 2019
    Responsible for all business development, contracting, resource allocation and contract execution.Over the past nine years, VSP has focused on assisting hospitals with a host of lab related services. Today, as the biotech industry evolves and health insurance companies narrow their networks, we see a great need helping a variety of clients with strategic thinking in order to bring about transformative changes and improved margins. In many cases this may take the form of partnerships, joint ventures or equity investments.Our team of Clinical Lab Consultants focuses on providing expert advise whether it be for developing Lab Outreach Services, Consolidation of services, Test Utilization strategies, Revenue Cycle issues, Supply Chain management, Patient Blood Management or Reference Lab contracting. We also offer, thru our partner network, insurance contracting and billing services. We routinely perform labor-productivity, supply-chain and purchased service assessments looking at opportunities for cost reduction and improvement in operational efficiency. We provide interim management, both operational/technical and financial. We offer business strategy assistance and help with pre / post merger, acquisition and divestiture activities. Our team consists of highly accomplished healthcare professionals from C-suite and VP level backgrounds to Pathologist / CMO experience.We often partner with other consulting firms, like: PRISM Healthcare, The Claro Group, Materials Solutions for Healthcare, KPMG, Optum, Navigant, Ni2H and Accenture to name a few.Industries covered include: Healthcare - Service and Technology, Manufacturing, Bio-pharma, Biotech
  • Select Labs / Cellsolutions
    Cfo
    Select Labs / Cellsolutions Feb 2007 - Jun 2010
    Oversaw all accounting, financial reporting, budgeting, and management operations. Acted as liaison to investment bankers. Interfaced with and presented to shareholders and Boards of Directors. Directed all company-tax and audit-compliance functions. Responsible for revenue recognition, cost control, data analysis, and cash management/treasury dutiesPrepared financial statements in accordance with GAAP; US and International subsidiaries.
  • Spectrum Laboratory Network Aka Triad Laboratory Alliance, Llc
    Cfo
    Spectrum Laboratory Network Aka Triad Laboratory Alliance, Llc Apr 2001 - Sep 2006
    Part of the executive leadership team that lead to a $100M growth in ambulatory net revenue in less than 5 years. Championed the use of CPOE to drive that growth creating a paradigm shift in the lab industry. Participated on the standardization and optimization teams. Reduced IP lab costs from $13 per test to $8 in one location and $9 to less than $6 in another, with similar results across all 11 hospital locations in this four health system JV lab network. Provided business oversight to Central Supply, Transportation, Phlebotomy, Aviation, all lab departments and all hospital labs.Oversight over all accounting, financial reporting, cost control, revenue recognition, data analysis, and data-mining activitiesOversaw debt compliance, budgeting, and forecasting. Led all cash management, warehouse, inventory, fixed assets and purchasing activities. Responsible for all internal and external audit departmentsServed as project lead for review and redesign of supply-chain management function, including establishing just-in-time delivery of products from manufacturers to lab floor. Consistently interfaced and presented to shareholders and Boards of DirectorsRepresented company as liaison to hospital client COOs and CFOs and venture capital investorsChampioned implementation, deployment, and on-going development of internet-based lab ordering and result-reporting system. • Instrumental in financial transactions, including the 2005 sale of company to Wall Street-based venture capital firm for $184M, the 2003 buyout of a 42% owner and the 2004 acquisition of a competitor.• Led projects to reduce bad debt and DSO by 50% to 55 days.• Negotiated contracts with outside vendors contributing an additional savings; increasing margins another 25%. • Decreased spoilage and minimized obsolete inventory.• Key contributor to post-acquisition synergy processes and reduction of hospital cost
  • Accordant Health Services
    Controller
    Accordant Health Services Jan 1998 - Mar 2001
    Greensboro, North Carolina, Us
    Piloted all accounting, treasury, and financial reporting processes and activities. Developed and implemented corporate investment/treasury policies. Coordinated installation of new financial systems. Co-led and designed a system-based analytical medical economics tool to monitor and report the financial impact of the company’s programs.• Contributed to three rounds of venture financing Series B, C & D• Drove company from cash flow negative to cash flow positive within 15 months• VC included JP Morgan and Polaris Ventures
  • Coastal Physician Group, Inc.
    Interim Cio And Director Of Corporate Information Services
    Coastal Physician Group, Inc. Jan 1995 - Mar 1998
    Directed corporate IT department and outside service providers, including 70+ FTEs, two AS-400 server centers, IBM 3090 mainframe, and third-party contracts. Led wide variety of financial reporting activities, including monthly consolidation of all five divisions for both internal and external reporting. Supported SEC reporting, turn-around specialists, and the divestiture of non-core assets.
  • Labcorp
    Mgr Financial Reporting And Accounting
    Labcorp 1990 - 1994
    Burlington, North Carolina, Us
  • Eastman Kodak Company
    Internal Operational Auditor
    Eastman Kodak Company 1988 - 1990
    Rochester, New York, Us
  • Deloitte
    Sr Auditor
    Deloitte 1986 - 1988
    Worldwide, Oo

Jeff Downs Skills

Strategic Planning Leadership Management Process Improvement Mergers And Acquisitions Healthcare Financial Analysis Consulting Healthcare Information Technology Accounting Business Strategy Budgets Finance Management Consulting Competitive Analysis Start Ups Healthcare Management Healthcare Consulting Analysis Financial Modeling Business Planning Business Development Executive Management Business Process Improvement Strategy Due Diligence Forecasting Project Management Change Management Financial Reporting Risk Management Business Analysis Program Management Healthcare Information Technology Mergers Fundraising Budgeting

Jeff Downs Education Details

  • Arizona State University, College Of Health Solutions, Department Of Biomedical Informatics
    Arizona State University, College Of Health Solutions, Department Of Biomedical Informatics
    Biomedical Diagnostics
  • Elon University
    Elon University
    Accounting
  • New Providence Hs
    New Providence Hs

Frequently Asked Questions about Jeff Downs

What company does Jeff Downs work for?

Jeff Downs works for Pacific Diagnostic Labs

What is Jeff Downs's role at the current company?

Jeff Downs's current role is Chief Financial Officer.

What is Jeff Downs's email address?

Jeff Downs's email address is je****@****.rr.com

What is Jeff Downs's direct phone number?

Jeff Downs's direct phone number is +130374*****

What schools did Jeff Downs attend?

Jeff Downs attended Arizona State University, College Of Health Solutions, Department Of Biomedical Informatics, Elon University, New Providence Hs.

What are some of Jeff Downs's interests?

Jeff Downs has interest in Children, Economic Empowerment, Civil Rights And Social Action, Politics, Environment, Science And Technology, Disaster And Humanitarian Relief, Human Rights, Animal Welfare, Arts And Culture.

What skills is Jeff Downs known for?

Jeff Downs has skills like Strategic Planning, Leadership, Management, Process Improvement, Mergers And Acquisitions, Healthcare, Financial Analysis, Consulting, Healthcare Information Technology, Accounting, Business Strategy, Budgets.

Who are Jeff Downs's colleagues?

Jeff Downs's colleagues are Rachel Lancaster, Adriana Villegas, Julie Pantalone, Yiyi Zhang, Paola Rubio, Demet Gomak Cls, Mls(Ascp)cm Sbbcm, Brenda Doolin.

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