Lauren M. A. Email & Phone Number

Albany, Ny, Us

Delivering operational, financial, management, and organizational expertise, attending and presenting at Board Committees, streamlining and improving processes, assisting with system implementations, analytics, cash management, financial statement preparation, and payroll and HR guidance

Albany, New York, Us

Responsible for general oversight of physician-owned, preeminent Otolaryngology practice with net revenue in excess of $25M, +/- 160 FTEs, and 72K encounters annually. 2 Practice locations, Ambulatory Surgery Center, Real Estate Group, 4 ancillaries, 9 physicians, and 18 mid-level providers.

Albany, New York, Us

Oversaw Accounting, Finance, Operations, HR, and IT for $13M startup organization contracted with NYS Office of Children and Family Services to complete eight projects, including training for child protective service and child welfare. Authored and implemented policies and procedures, internal controls for Operations, Finance, IT and HR. Managed vendor relations and contract negotiations, building rapport and minimizing cost. Responsible for submission of quarterly reports and claiming process, budget development and amendments.

Schenectady, New York, Us

Led a team of finance, accounting, and HR professionals responsible for $250M revenue management with a goal to reform the Medicaid system, improve patient health and quality outcomes, and reduce cost. Provided timely and accurate analysis of budgets, financial trends and forecasts. Provided recommendations to strategically enhance financial and operational performance and business opportunities. Evaluate and advise on long-term planning, introduction of new programs/strategies and regulatory implications. Created new investment strategy to increase interest/dividend earnings by 269% in one year. Successfully implemented and integrated a new payroll/HRIS system, bill pay/approval software, and expense management system.

Schenectady, New York, Us

Albany, Ny, Us

Led a team of finance professionals responsible for $141M revenue management, including eleven project budgets, ensuring funds flow to partner organizations complied with State regulations. Designed and implemented FP&A reporting mechanisms to project and attain revenue and reduce costs. Assisted in the formation and management of the Governance structure. Supervised fiscal/contract management, ensuring timely payment to vendors and partners in over 150 contracts

Albany, Ny, Us

Perform monthly commission processing and reconciliation remotely. Provide consultant services to ensure smooth transition.

Integral part of various structural changes, including implementing agendas in weekly meetings, revamping the compensation structure, and instituting a 90-day probationary period upon hire. Streamlined and increased efficiency of several manual processes, including receiving and allocating commissions, employer contribution strategies, and experience rate adequacy reports. Created and implemented several financial reports detailing productivity, compensation, profit & loss, and benchmarking data.

Led a team of finance professionals charged with compiling multiple financial statements, cash management of several bank accounts, and monitoring budget activity. Implemented monthly one-on-one meetings with direct reports to ensure open communication, continuous growth, and good rapport.

Responsible for developing, analyzing, and presenting financial and statistical information to physicians, managers, Finance Committee, Board of Directors, and Shareholders to ensure profitability and expense control. These included monthly and annual financial statements detailing net collection ratio, days of revenue outstanding, productivity comparisons, overtime trends, no show rates, call log data, and profit and loss statements. Benchmarked physicians and the practice against internal and national compensation, production, RVU, and ambulatory encounter statistics as part of the physician income formula and as a measure of productivity. Participated in medical record review audits, maximizing revenue through coding education. Researched and prepared proforma statements for proposed business initiatives by utilizing CPT codes, RBRVS, and reimbursement methodologies to forecast revenue. Arranged financing for approved projects. Maintained and revised the physician income distribution formula to ensure compliance with State and Federal regulations. Forecasted physician's distributable income, available cash draw, and adjusted accordingly. Benchmarked physicians against internal and national compensation, production, RVU, and ambulatory encounter statistics as part of the physician income formula and as a measure of productivity.

Completed quarterly accounts receivable packages for submission to the University Controller's office. Supervised daily operations and financial transactions in Bursar's office, including billing and collection of past due accounts. Corresponded with the Attorney General's office and outside collection agencies to assign and maintain delinquent student accounts. Identified and recommended potential write-offs to Bursar. Generated deferred payment agreements to qualfied students and monitor payments. Processed third party billings to ensure appropriate A/R levels.

Mba, Health Services Management

Bba, Business Administration, Finance