Scott Klosterman's Location
Virginia Beach, Virginia, United States, United States
Scott Klosterman's Contact Details
Scott Klosterman work email
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Scott Klosterman personal email
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Scott Klosterman phone numbers
About Scott Klosterman
Someone once said the key to succeeding in business is "Sell more, spend less, and hurry up."I believe there's quite a bit of truth to that simple statement, and over the course of my career that began in finance and transcended into operations in roles that have included President, COO, CFO, and VP, I've consistently exceeded expectations by building and motivating strong teams of talented people, giving them a clear understanding of our mission, and holding them accountable to goals in a way that fosters loyalty and commitment.
Scott Klosterman's Current Company Details
Freelance
Semi-Retired
Scott Klosterman Work Experience Details
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Semi RetiredFreelance Sep 2024 - Present
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Chief Of StaffHni Healthcare Apr 2020 - Sep 2024Austin, Texas, Us -
Chief Financial OfficerHni Healthcare Jul 2017 - Mar 2020Austin, Texas, Us
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Evp Financial OperationsHni Healthcare Feb 2016 - Jun 2017Austin, Texas, UsHNI Healthcare is a technology-enabled physician practice management company that delivers full-service hospitalist programs along with flexible solutions and services customized to client needs.HNI is transforming healthcare by re-engineering the delivery of hospital-based patient care to create exceptional value and opportunity for hospitals, physicians and advanced practitioners.
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Member Of The Board Of DirectorsDynatronics (Nasdaq: Dynt) Jan 2016 - Sep 2024Salt Lake City, Utah, UsDynatronics is a leading manufacturer and distributor of physical rehabilitation equipment and supplies. -
Vice President And General Manager, Post Operative Products And ServicesHanger, Inc. Jun 2010 - Jul 2015Austin, Texas, UsHired to manage a newly created division, with full P&L responsibility for locations in Phoenix, Arizona; Livermore, California; and Denver, Colorado, following company’s acquisition of 3 smaller businesses.Responsibilities were expanded following additional acquisitions to oversee 5 businesses in 6 locations, as well as an automated business in 2013. Initially challenged to turn around new locations that were unmanaged, lead a team of 3 General Managers, and instill the Hanger culture within new locations. Later led, managed and motivated a team of 5 General Managers and up to 330 indirect reports. In 2013, challenged to turn around an unprofitable automated business. Position entailed extensive strategic planning, coaching, and mentoring.* Drove divisional sales growth 150% as a result of acquisitions and double-digit, organic same-store revenue growth.* Achieved breakeven in 2014, a year after taking over automated business that lost $9 million in 2012--cut 2013 losses 66% by renegotiating contract with technology partner and leading improvements in billing & collections.* Captured $2 million in cost reductions—adjusted business model and negotiated semi-exclusive distributorships that resulted in substantially reduced product costs.* Played a key role in acquiring 2 businesses with $15 million in collective revenues—conducted due diligence and negotiated compensation packages with previous business owners to ensure continuity.* Created and executed strategies to save $7 million after corporate decision to dissolve division—sold businesses to strategic buyers to reduce asset write downs. -
Executive ConsultantScott Klosterman Business Advisory Services Jan 2009 - May 2010Provided comprehensive business services for privately-owned and private equity-owned middle market companies.* Played a key role in helping a client successfully launch a product into the physical rehabilitation market by leveraging distributor connections.* Positioned a medical device manufacturer to bring products to market 62% faster, save 20% of their annual engineering budget, and then reinvest $400,000 saved by recommending staffing changes, creating a product marketing position, and transitioning from a technical-based approach to a market-based approach.
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Member, Advisory BoardBiodex Medical Systems May 2009 - Dec 2009Shirley, New York, Us -
PresidentChattanooga Group, A Division Of Djo Global, Inc. Jun 2003 - Dec 2008Promoted to lead a staff of 8 Vice Presidents and Directors and 350 indirect reports. Challenged to accelerate sales growth and productivity and foster a culture of quality overseeing Domestic and International Sales and Marketing, R&D/Engineering, Manufacturing Operations and Materials Management, Quality Control and Regulatory Affairs, and Accounting, Information Technology, and Human Resources.* As part of the corporate senior leadership team of 8, played a key role in growing revenue to $500 million from $100 million by contributing to strategic growth strategy.* Grew division revenue to $90 million from $50 million with a CAGR of 12%.* Launched 12 new products to fuel double-digit sales growth by accelerating the R&D process, building out a highly functional leadership team, and creating a best-in-class international distribution network of 400.* Produced $2 million in reduced costs/improved profitability by launching lean manufacturing program and quality improvement program.* Expanded international sales by hiring a Vice President, International Sales and Marketing, altering R&D process to adapt to an international market, earning ISO certification, and building a brick-and-mortar facility in Belgium.
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Cfo/Coo/Secretary-TreasurerChattanooga Group Mar 1994 - May 2003Recruited by a former colleague and served as CFO to this then-failing privately-held company with shrinking sales of $35 million, large net losses, and a market capitalization of $5 million. Initial responsibilities included all financial, tax and management accounting and reporting, and all G&A functions including Human Resources and IT. Initial challenges included developing a talented and motivated workforce, leading company-wide cost reduction efforts, dealing effectively with strained banking relationships and severely limited cash flow, and managing the expectations of the shareholders and Board of Directors.I was promoted to COO in 1997 and assumed responsibility for Manufacturing Operations, Quality, and Regulatory Affairs in addition to my responsibilities as CFO. Our efforts culminated in the complete turnaround and initial sale of the Company for $40 million.
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Division Controller--Medical DivisionStryker Oct 1991 - Feb 1994Kalamazoo, Mi, UsRecruited by the Division President. Oversaw all financial and management accounting and reporting and related divisional functions, Human Resources, Information Systems, and Regulatory Affairs. -
ControllerViking Yacht Company Jun 1984 - Sep 1991Recruited to the Company after auditing the business for three years. Contributed to the growth of the Company from $18 million to $100 million in sales.
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Audit SeniorPrice Waterhouse Aug 1980 - May 1984Gb
Scott Klosterman Skills
Management
Cross Functional Team Leadership
Medical Devices
Strategic Planning
Leadership
Mergers And Acquisitions
Financial Analysis
Mergers
Healthcare
Accounting
Sales
Business Development
Finance
Product Development
Product Launch
Process Improvement
New Business Development
Business Process Improvement
Change Management
Start Ups
P&l Management
Negotiation
Executive Management
Sales Management
Capital Equipment
Manufacturing
Orthopedics
Business Strategy
Turnaround Strategy
Revenue Growth
Multi Site Operations
Profit Growth
Culture Change
Due Diligence
Executive Coaching
Cost Control
R&d Acceleration
New Product Launch
Regulatory Affairs
International Sales
Lean Manufacturing
Materials Management
Performance Management
Go To Market Strategy
Distribution Network Development
Quality Improvement
Scott Klosterman Education Details
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Baylor University - Hankamer School Of BusinessMaster Of Business Administration (M.B.A.) -
University Of DelawareAccounting
Frequently Asked Questions about Scott Klosterman
What company does Scott Klosterman work for?
Scott Klosterman works for Freelance
What is Scott Klosterman's role at the current company?
Scott Klosterman's current role is Semi-Retired.
What is Scott Klosterman's email address?
Scott Klosterman's email address is sc****@****att.net
What is Scott Klosterman's direct phone number?
Scott Klosterman's direct phone number is +151277*****
What schools did Scott Klosterman attend?
Scott Klosterman attended Baylor University - Hankamer School Of Business, University Of Delaware.
What skills is Scott Klosterman known for?
Scott Klosterman has skills like Management, Cross Functional Team Leadership, Medical Devices, Strategic Planning, Leadership, Mergers And Acquisitions, Financial Analysis, Mergers, Healthcare, Accounting, Sales, Business Development.
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