Larry Morrison Email & Phone Number

Rochester, Minnesota, Us

Strategic finance leader responsible for leading direction and oversight of financial operations. Key member of the executive leadership team in driving significant financial growth opportunities. Collaborate with business leaders to inform on financial expertise and best practices to influence planning and decision-making. Directly manage multiple teams, including finance, business analytics, and pricing.

Springfield, Oregon, Us

As the Chief Executive I provided strategic direction and led the Executive Team responsible for all facets of the organization including Lab Operations, Information Technology, Finance, Contracting, Business Development and Client Services.

Springfield, Oregon, Us

Responsible for all aspects of Finance, Contracting, Business Development and Human Resources.

• Devised and executed strategic growth initiatives and performance improvement plans to help grow the business from $60 million in annual revenues to $125 million in 10 years with an increase in EBITDA of 220%.• Experienced in buy-side and sell-side mergers and acquisitions including the successful integration of clinical laboratories in Oregon, Washington and Alaska and the sale of PeaceHealth Laboratories to Quest Diagnostics.• Maximized insurance reimbursement through fee schedule changes of an integrated/acquired lab that generated $1 million in annual net revenue increases.• Developed and implemented key management dashboards and performance indicators resulting in reducing cost per test by 10%.• Implemented a capital evaluation and new test development process with significant financial rigor to maximize cash flow.• Skilled at contract development and negotiations for client and vendor agreements maximizing revenue opportunities and decreasing equipment, reagent and reference lab costs.• Excelled at building and maintaining relationships throughout the organization including the Board, Executive Team, Department managers and staff in order to maximize performance and advance change through collaboration and carrying out the mission of PeaceHealth.

Eugene, Oregon, Us

• Directed total staff of 12 in Finance and Accounting.• Devised operational strategy as the chief financial officer on the Executive Team.• Implemented a new financial system to improve reporting and analysis and to meet operational requirements for future organizational growth.• Developed an automated budget model to allow for assumption simulations to improve cash flow management.• Implemented financial controls to safeguard $400 million in assets.• Performed a complete workflow review and designed automated process changes to increase productivity by 30%.

• Directed total staff of 60 in Finance, Purchasing, Warehouse Operations, Media Services, Digital Authoring Services and Customer Service.• Devised strategic direction as a member of the Executive Team.• Hired and directed the start-up of a new business for Digital Authoring Services including strategic planning, development of all business procedures and practices, training and use of operating and capital funds.• Instituted improved cycle count and warehouse transaction procedures to increase inventory accuracy by 10%.• Introduced a series of efficiency improvements to reduce the cost of inventory and delivery time.• Implemented system and procedural changes to improve on-time delivery by 15%.

• Hired and directed total staff of 25 to start up the Finance, Information Systems and Purchasing Departments in a new manufacturing facility.• Secured and maintained property tax exemptions that saved the Company in excess of $7,000,000.• Implemented cost control measures and profit enhancement projects that contributed to a 55% reduction in unit cost for the facility.• Developed systems that enabled the facility to grow from start up to $80 million in annual sales within a four-year period.

• Managed Finance staff of 8. Responsibilities included financial analysis, financial reporting, general ledger, accounts receivable, credit & collections and taxes.• Designed a new custom billing system. Implemented JD Edwards financial system.• Streamlined and improved financial analysis and financial reporting.