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As the Chief Financial Officer at Telemynd, a national tele-health mental health company, I lead the accounting, financial analysis, medical billing, benefits, and human resources functions for over 900 employees. I have over 24 years of experience in finance and management, spanning medical, aviation, and technology industries.My core competencies include cash flow forecasting, financial reporting, accounting, contract negotiation, and strategic planning. I have a proven track record of achieving or exceeding goals, streamlining operations, improving profitability, and ensuring customer satisfaction. I have worked closely with the executive management team to grow top line revenue by 1300% in 3.5 years, drive a 52% increase in gross margin percentage, and decrease DSO from 90 to 24 days. I have also implemented DCAA compliant accounting systems, Power BI reporting, and revised provider payments to align with contracts. I hold an MBA from Babson College and a MS from the University of Massachusetts at Amherst.
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Chief Financial OfficerTelemynd Dec 2020 - PresentMaynard, Massachusetts, Us- Worked closely with executive management team to grow top line revenue by 2300% in 3 ½ years through enhancing current payer relationships while adding new strategic partners- Drove a 52% increase in gross margin percentage by revising provider payments to align with negotiated contracts- Decreased DSO from 90 to 20 days through Power BI reporting, creating positive working capital to allow the company to grow organically- Oversee all accounting, financial analysis, medical billing, benefits and human resources responsibilities for 1,000+ employees - Set up national tele-health metal health company to operate in every state -
ControllerClearplan Llc Jan 2017 - Dec 2020Westborough, Massachusetts, Us- Implemented JAMIS, a DCAA compliant accounting system while bringing over all historical data from inception of company to cut over from QuickBooks in 2017- Scaled Accounting team from 2 to 5 employees and implemented new policies and procedures to support growth as company grew from 40 to 170 employees within 2 years- Oversaw all accounting and tax matters, including AP, AR, fixed assets, credit, GL, borrowing, and tax; responsible for cash flow, closing books and preparing management reports on a monthly basis - Led a team of Partners and Project Managers to implement Microsoft Power BI reporting for key management reports on a weekly and monthly basis -
Director Of FinanceActon Medical Associates, Pc Feb 2016 - Jan 2017Acton, Massachusetts, Us- Senior Finance Director in a $50 million dollar company with 250 employees reporting to the Chief Operating Officer managing a staff of 4 accountants/analysts.-Accountable for monthly shareholder meetings which included monthly and annual financials, cash projections, contract negotiations, and updates on special projects. -Managed payroll, accounts payable, accounts receivable, monthly and yearend financial close, federal and state tax submissions, and employee benefit programs.-Responsible for analyzing and negotiating multimillion dollar insurance provider contracts for Blue Cross Blue Shield, Fallon, Tufts, Harvard Pilgrim, and other large medical insurance carriers.-Renegotiated pricing for major contracts including McKesson, Allscripts, Stericycle, and WB Mason resulting in a 20%+ pricing reduction saving the company $410,000 annually. -
Director Of International Sales & ServiceAvidyne Sep 2010 - Jun 2015Melbourne, Fl, Us- Developed pricing strategies, promotions, sales plans, dealer incentives, sales reporting procedures, product demonstrations, and customer presentations.- Expanded dealer base from 200 to 300 dealers..- Worked with international distributor to streamline forecasting, inventory planning, and promotions resulting in $2.5-million-dollar increase in sales.- Managed domestic and worldwide service and support operations for current and legacy systems and equipment. - Set up product exchange depot operations in Germany, Australia, and Brazil. - Managed a base of 800 international and domestic authorized dealers. -
Director Of Financial Planning & AnalysisAvidyne Nov 2007 - Sep 2010Melbourne, Fl, Us- Developed comprehensive 5-year forecast including detailed income statements, balance sheets, and statements of cash flow. - Orchestrated 30% operating expense reduction and 18% gross margin improvement by implementing performance management protocols, business metrics, and analytics.- Streamlined forecasting, procurement, and production process in Oracle, resulting in $2 million (25%) inventory reduction.- Monitored and regulated management bonus and sales commission plans to align with short- and long-term business objectives.- Prepared and presented historical and forward looking financial statements to Executive Management and Board of Directors.- Developed Key Performance Indicators (KPI’s) for Senior Management.Served as Finance team lead for Oracle implementation.
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Medical Business Unit ControllerPlanar Systems 2004 - 2007Hillsboro, Oregon, Us• Managed financial reporting for a $50 million dollar medical products division.• Increased divisional contribution margin from $1 million to $5+ million annually.• Generated worldwide financial statements and monthly supply chain forecasts for the CEO and CFO. Helped reduced expenses by 16%.• Led global team to consolidate geographical reporting across 5 business units.• Helped drive and support European sales increase from $2.5 million to $6.4 million and Asia Pacific sales from $790,000 to $2.5 million. Led sales program in Australia.• Interfaced and collaborated with 8-person sales team, providing costing, forecasting, and special pricing. Helped close deals worth up to $1.2 million.
Mark Koch Skills
Mark Koch Education Details
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Babson CollegeFinance -
University Of Massachusetts AmherstGeneral
Frequently Asked Questions about Mark Koch
What company does Mark Koch work for?
Mark Koch works for Telemynd
What is Mark Koch's role at the current company?
Mark Koch's current role is CFO @ Telemynd | MBA, Financial Growth.
What is Mark Koch's email address?
Mark Koch's email address is ma****@****cos.com
What is Mark Koch's direct phone number?
Mark Koch's direct phone number is +178140*****
What schools did Mark Koch attend?
Mark Koch attended Babson College, University Of Massachusetts Amherst.
What are some of Mark Koch's interests?
Mark Koch has interest in Children, Economic Empowerment, Civil Rights And Social Action, Environment, Education, Poverty Alleviation, Science And Technology, Disaster And Humanitarian Relief, Human Rights, Animal Welfare.
What skills is Mark Koch known for?
Mark Koch has skills like Aerospace, Management, Aviation, Avionics, Aircraft, Aircraft Maintenance, Cross Functional Team Leadership, Strategic Planning, Commercial Aviation, Budgeting, Integration, Leadership.
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