Jeff Downs Email & Phone Number

Chapel Hill, Nc, Us

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.

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.

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!

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

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.

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

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

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.

Burlington, North Carolina, Us

Rochester, New York, Us

Worldwide, Oo

Master’S Degree, Biomedical Diagnostics

Bs, Accounting

Education record