Patrick Talbot's Location
Edmond, Oklahoma, United States, United States
Patrick Talbot's Contact Details
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About Patrick Talbot
I have owned and managed my own accounting firm where i serviced over 750 clients in the areas of financial analysis, business and practice management, payroll, tax, employee benefits and audit. I have served companies in the retail and medical fields as their CFO. I have owned and operated a practice management business where I have serviced individual clients in the health care industry, retail sales industry and accounting industry and helped them to develop stronger and financially healthy practices.Specialties: My specialties are business management consulting including the negotiation of financing, the preparation of financial reports and the interpretation of those reports and teh development of key practices to improve and grow a business.
Patrick Talbot's Current Company Details
Patrick Talbot Work Experience Details
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OwnerPractice Management AdvisorsEdmond, Ok, Us
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OwnerPatrick M Talbot, Cpa, Pc Jan 2013 - Present9150 N May Ave, Oklahoma City, Ok 73120
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OwnerPractice Management Advisors Apr 2010 - PresentProviding consulting services for independently owned nursing homesRepresenting taxpayers before the IRSProviding tax consulting & preparationProviding financial statement analysis
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Interim Chief Financial OfficerOrthopedic Institute Jul 2011 - Dec 20121044 S.W. 44Th, Oklahoma City, Ok 73109Responsible for the finance department of an eight physician, multi-specialty group practice. The practice includes a therapy center, ambulatory surgery center, MRI facility and an eight bed two operating room acute care specialty hospital. -
Chief Financial OfficerOrthopedic Institute (Formerly Orthopaedic & Reconstructive Health System) Aug 2007 - Apr 2010Responsible for the finance department of an eight physician, multi-specialty group practice. THe practice includes a therapy center, ambulatory surgery center, MRI facility and an eight bed two operating room acute care specialty hospital.Reduced overhead in the medical practice from 58% to 42%.Eliminated $500,000 line of credit.Reduced outstanding accounts payable by 60%.Re-engineered material management process integrating it with the accounts payable department.Increased the percentage collection on charges by 3%.
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OwnerPractice Management Advisors May 2005 - Aug 2007Consulting servies for independently owned nursing homes.Negotiations of commercial leases.Business loan negotiations.Developement of best practice benchmarks.Tax consulting for Valir Health and its subsidiaries.Consulting for retail stores.
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Chief Financial OfficerValir Health Jun 2004 - Apr 2005Responsible for the finance department of twenty plus companies comprising an integrated health care delivery system specializing in physical reahabilitation.Directed the human resources department providing services to Valir's five hundred employees.Converted all of Valir's companies to a new accounting system effective on January 1st.Participated in the negotiations for the acquisition of five outpatient clinics and the partial sale of two outpatient clinics.Participated in the negotiations for partial sale of Valir's hospital facility to a larger hospital. -
OwnerPractice Management Advisors Sep 2003 - Jun 2004Provided business consulting services specializing in operations and revenue cycle.Completed the opening of two oral surgery offices.Negotiated the purchase and lease contracts for the practices.Supervised the delivery and installation of medical equipment.Installed accounting system and controls for an eighty-one bed rehabilitation hospital.Designed and implemented payroll system for over 100 different pay codes with multiple shift differentials for those pay codes.
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Chief Financial OfficerOrthopaedic & Reconstructive Health System Aug 2002 - Sep 2003Responsible for the finance department of ten physician, multi-speciatly group practice. The practice includes two offices, two MRI centers, two therapy centers and an ambulatory surgery center.Re-structured adminissions, billing and collections department in order to facilitate collection of accounts receivable.Changed accounting systems in order to elimiate the need for outside accounting services for the prepartion of monthly financial statements.Negotiated new banking relationships in order to control cotsts and receive better services.Initiated in-house transcription department.
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Chief Financial OfficerSight 'N Sound Appliance Centers, Inc. Jan 1999 - Jul 2002Responsible for re-engineering the finance division of a $100 million, 25 store, multi state applicance, electronics and furniture retail sales company.Designed treasury management system that consolidated 35 plus bank accounts down to 15 with internet banking capability.Responsible for developing internal audit program and office manager's prodedure manual.Responsible for negotiating $10 million revolving line with a national lender.Prepared budget for entire company.
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Director Of Finance/Director Of Operational Planning/Chief Financial OfficerOms Partners, Inc./Oral & Maxillofacial Associates, Inc. Jan 1996 - Jan 1999Director of Finance:Responsible for designing and building a finance department for a startup medical practice management company.Developed revenue cycle interfaces with the central billing office and nine medical practices in six states and twenty-one offices.Implemented a new financial management system.Brought payroll system online with wide-area network time collection so all payrolls were processed from Oklahoma City. Selected and implemented the Solomon financial accounting system to produce timely reports for both the Board of Directors and the practices.Negotiated managed care contracts and negotiated a hospital contract allowing one practice to practe at that hospital.Hired, trained and supervised entire fiance staff and instructed operational staff on the interfacing of operations to finance.Developed procedures and forms necessary for the input of data to the financial reports.Prepared budget for the entire company.Director of Operational Planning:Participated in the development of the definitive merger documents used for mergingn seven practices, including design and implementation of the merger and managment service agreements, valuation of the practice, and recruitment of doctors in the merger.Interfaced with five law firms in designing the managemetn service agreement to be used in the practice management company.Assisted the appraisal firm in the valuations used for initial stock allocations.Served as Chairman of the Operating Committee responsible for preparing processes and procedures to be put in place at startup of the management company.CFO:Re-engineered the business and front office of a seven-doctor, three-office and surgery practice. Hired new staff as needed and conducted performance evaluations.Set up an audit function of claims, increasing production by 4%.Redesigned the revenue cycle to better capture charges and required patient payments.Reviewed and negotiated managed care contracts and more.
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Managing PartnersTalbot & Company, Pc Jan 1970 - Dec 1995Responsible for all aspects of budgeting, hiring of personnel, contract negotiations and completion of projects.Became managing partner and majority shareholder in the CPA firms joined in 1970.Main areas of practice being business valuations and consulting for medical practices and retail establishments as well as in the oil and gas and construction industries.In addition to tax consulting and business management consulting, we provided computer and software suppport for accounting software and network establishment as well as audit services, payroll services and litigation support.Earlier positions included Partner & Staff Accountant.
Patrick Talbot Education Details
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Accounting
Frequently Asked Questions about Patrick Talbot
What company does Patrick Talbot work for?
Patrick Talbot works for Practice Management Advisors
What is Patrick Talbot's role at the current company?
Patrick Talbot's current role is Owner.
What is Patrick Talbot's email address?
Patrick Talbot's email address is p.****@****cox.net
What is Patrick Talbot's direct phone number?
Patrick Talbot's direct phone number is +140563*****
What schools did Patrick Talbot attend?
Patrick Talbot attended University Of Oklahoma.
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Patrick Talbot
Executive Director Of The Isaiah Institute "Serving Advocates Globally"Kailua-Kona, Hi2handong.edu, uph.edu -
Patrick Talbot
Principal Project Manager - Facilities/Capital At General Dynamics - Bath Iron WorksPortland, Me1gdbiw.com -
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