Rita Newcomb, Ba Email & Phone Number

Columbus, Ohio Area

STRATEGIC PLANNING:•Finance team lead in the implementation Lean Six Sigma practices by systematically removing waste, streamlined data sources, improved sourcing and increase efficiencies, resulting in improved performance.•Implemented cost savings measures processes by soliciting bids and targeting high cost vendors resulting in substantial savings. •Increased provider signup for EFT from 20% to 80% in ten month periods resulting in faster TAT of cash to providers whose cash flow is under continuous evaluation to meeting payroll and expenses. •Implemented ACH debit for network providers which decreased the company collection time and effort by 60% in one year period. •Created and implemented corporate policies and procedures with internal control structure across 6 functional business areas including accounting, billing, cash, A/R, A/P and expense reporting.•Performed employees annual performance reviews, goals settings and growth development plans.SYSTEM IMPLEMENTATION:•Managed implementation of new charting and accounting system that converted over 10 years of financial data. •Integrated new excel based financial planning and reporting software. •Researched and implemented new expense reporting module that reduced reporting time and process by 2 days. •Assisted in the enhancement and conversion of CasePointe software program utilized for patient census, billing, payables and the management of receivables. •Organized and implemented companywide-in house payroll and 401k program. •Implemented payment gateway of credit-card processing which resulted in 30% decrease of membership receivables.

CASH MANAGEMENT:•Oversaw and maintained company banking relationships, investment opportunity and fees savings.•Created and implemented cash investment policy by streamlining short and long term investing that reduced risk and maximized returns.•Solicited banking bids, performed analyses and negotiated pricing reducing existing bank fees by 65%. Also negotiated higher bps on interest earned of cash balances. •Managed the working capital of the company by implementing a weekly cash matrix and metrics. FINANCIAL PLANNING & ANALYSIS:•Managed the accounting and finance department with 8 staff members and 2 direct reports. •Trained all new accountants and managed the preparation of financial statements and account analysis while ensuring their presentation is in accordance with GAAP.•Designed and implemented an improved financial reports and KPI’s for executive team and shareholders.•Decreased month end closing time from 8 to 5 days and improved forecasting TAT.•Produced a yearly comprehensive calendar with dates and deadlines of the financial statements and any related analysis for board members and the executive team. •Plan, facilitate and manage the yearly budget cycle and process with departmental heads to ensure timely budget progression and finalization. •Assist in development of the yearly budgeted patient census in conjunction with historical trend analysis.•Conducted scenario and sensitivity analysis highlighting key drivers of growth and profit.•Maintained tax records and provided assistance to tax professionals with filing timely the quarterly and yearly taxes which resulted in the avoidance of additional penalties and interest.•Perform yearly evaluation of the company capital assets for disposition or impairment.

AUDITING:•Produced “unqualified/clean” opinion of the yearly financial audit with no adjustments.•Managed and maintained positive, professional and effective relationships with auditors by punctually providing requested data, addressing recommendation, issues and resolutions. •Managed the annual claim adjudication audit for designated payors maintaining a 95% - 100% passing score. SENIOR FINANCIAL ANALYST, (2001-2004)•Prepared and produced monthly financial statements to include: income statement, balance sheet and cash flow.•Performed review and analysis of all transactions to the General Ledger accounts for proper classification.•Provided ongoing data analysis of monthly trend reports of key expenses for multiple departments.•Analyzed and prepared monthly revenues and patients census matrix and analyze trends.•Developed the monthly budget vs actual statements providing variance analysis and commentary. •Managed the finance department to include accounting, billing, receivable and payable processes with 5 staff members.STAFF ACCOUNTANT, (1996-2001)•Implemented, launched and managed the electronic and centralized billing, receivable and payable system.•Assisted in the development, testing and rollout of MNS’s exclusive software for network providers. •Established CRM with payors in order to manage receivables with 60 to 90 days targeted DSO.•Set up EFT for all payor which resulted in quicker TAT of cash received from 14 to 5 business days. •Developed the billing and receivable manual for network providers and conducted educational sessions.