Michael Phillips Email & Phone Number

Responsible for all banking functions, including reconciliations and cash flow analysis for six companies.Prepared all monthly journal entries, accruals, account reconciliations and month end closings.Performed all financial reporting and analysis including preparation of monthly and annual financial statements.Managed and performed all duties for accounts payables.Assisted all duties of payroll and accounts receivable when needed.

Develop and maintain annual budget to assure financial targets are met or exceeded.Performed daily analysis of all cash accounts, Accounts Receivable collections, and Accounts Payables to optimize cash flow.Prepared monthly account reconciliations, variance reports, and financial statements for management.

Oversaw initial design and development of Decision Support systems and services that provided executive management with Key Performance Indicators (KPIs) detailing daily, weekly and monthly snapshots for overall hospital and individual service line performance. Regularly conducted interactive sessions with cross-functional cost analyst teams to develop baseline cost allocation for overall organization with divisional breakdown for 9 different groups.Reviewed current cost models to determine proper expense allocation between revenue and non-revenue producing departments to maximize reimbursement rates from third-party payors.

Performed daily analysis of routine operational activity to coordinate and prepare functional review of current processes.Consulted with 4 metropolitan hospital campuses and their respective service lines to provide monthly narrative on financial variances between actual and budgeted targets.

Developed 19 proforma business models for total capital expense budget of $369,000,000 for Generation Patient Program to determine proper expansion of patient services and facilities.Performed daily analysis of routine operational activity to coordinate and prepare functional review of current processes.Consulted with 4 metropolitan hospital campuses and their respective service lines to provide monthly narrative on financial variances between actual and budgeted targets.

Prospected individuals and corporations to discover financial needs and desires through networking, cold calling and face-to-face meetings.Developed customized financial plans for personal and corporate clients based on in-depth assessments to determine proper portfolio mix of investments and insurance vehicles.Presented and designed corporate investment plans including 403(b), buy-sell agreements and corporate life/group health insurance policies.Achieved industry-standard license certifications for Series 7 and Nebraska Life Insurance

Managed 14 direct reports in Medical Records, Billing, Purchasing and Clinic departmentsConducted annual employee reviews, individual career development and regular performance evaluations to ensure maximum team effectiveness and unityDirected budget increases from $4,000,000 to $10,000,000 impacting overall hospital performance by enacting new services and programs for more focused patient experience and careImplemented new computer network that unified and consolidated purchasing and billing departments using 40 new PCs which provided high-speed internet access and more efficient patient billing resulting in an 80% increase in profitability over a 24-month period.Maximized overall hospital profits by improving operating cash flow to minimize negative impact of short term borrowing through new digital dictation system and process improvement to reduce receivables period from 102 to 75 days.

Accounting

Business Admin

Education record

Education record