Tom Kaylor

Tom Kaylor Email and Phone Number

Chief Financial Officer at Sequoia Biotech Consulting @ Sequoia Biotech Consulting
Tom Kaylor's Location
San Diego Metropolitan Area, United States, United States
About Tom Kaylor

Operationally focused financial executive with 30+ years of experience building and leading organizations and developing and implementing strategic systems and processes, including 10+ years as chief financial officer. Proven track record as a strategic thought partner to venture capital and private equity sponsors and guiding organizations through complex equity/debt recapitalization transactions. Demonstrated success in achieving business objectives through cross-functional collaboration and development of operating metrics/KPIs.Proven areas of expertise include:• Financial/executive leadership • Acquisitions and integrations• Budgeting and forecasting• Strategic financing transactions• Banking/credit financing• Metrics/KPI development• Cash management• Financial systems implementations• Audit/tax compliance• GAAP reporting

Tom Kaylor's Current Company Details
Sequoia Biotech Consulting

Sequoia Biotech Consulting

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Chief Financial Officer at Sequoia Biotech Consulting
Tom Kaylor Work Experience Details
  • Sequoia Biotech Consulting
    Chief Financial Officer
    Sequoia Biotech Consulting Sep 2022 - Present
    San Diego, California, Us
    Private equity-funded (Riverside Partners) pharma services company serving life sciences clients nationwide. Recruited by Riverside Partners to join another of their portfolio companies following the successful exit transaction at Revecore.• Executed due diligence on a major acquisition, including analysis of financial performance, quality of earnings, operating metrics, employee benefit programs and internal systems/staffing.• Oversaw financial integration of the target, including accounting, invoicing, payroll and employee benefits.• Directed integration of Sequoia with another Riverside portfolio company. Ensured completion of critical workstreams and managed communication among key stakeholders.• Developed KPIs to monitor weekly/monthly performance in key areas, including client service delivery and the commercial organization.• Strategized, developed and executed cost reduction initiatives in response to market-driven financial pressures.• Devised metric-driven financial forecasting and planning process, resulting in more transparent performance targets for company and departmental leadership.• Monitored and reported on compliance with financial covenants and other provisions under the company’s credit agreement.• Established weekly cash forecasting process to monitor cash position in real time and identify future cash needs.• Designed and implemented an incentive compensation program for service delivery personnel, aligning individual compensation with company objectives.• Managed key processes and relationships in all areas of finance, including audit, tax, risk management programs and financial reporting.
  • Revecore
    Chief Financial Officer
    Revecore May 2016 - Jul 2022
    Franklin, Tn, Us
    Private equity-funded (Riverside Partners) revenue cycle management company serving hospitals and health systems nationwide.• Worked with executive team and PE sponsor to achieve a successful exit transaction through the sale of controlling interest to GrowthCurve Capital in April 2022.• Involved in key workstreams in critical acquisition to extend service offering, including financial/business diligence, lender negotiation, accounting and legal.• Integrated the acquired operating subsidiary, reducing administrative costs by consolidating risk management programs, employee benefit offerings and administrative functions.• Built professional accounting department, allowing the company to reduce time to monthly financial close by over 50%, maintain GAAP-basis financial statements and obtain an audit for the first time.• Instituted company-wide annual budget and planning process, working with operations leaders to establish clear performance objectives and efficiency metrics.• Created, prepared, and delivered monthly and quarterly lender reporting, including debt covenant calculations and financial and operating metrics/KPI.• Developed weekly cash forecasting process to identify future cash needs.• Redesigned the company’s incentive compensation program for associates, resulting in clear alignment between organizational objectives and individual team objectives.• Converted employee medical benefit plan to a self-funded platform, reducing annual costs by over 20%.• Identified predictive metrics and established reporting and forecasting mechanisms, allowing the board and senior management to quickly comprehend the future impact of the pandemic at the onset and take appropriate action.
  • American Health Associates
    Chief Financial Officer
    American Health Associates Oct 2014 - May 2016
    Davie, Florida, Us
    Privately held provider of clinical diagnostic laboratory testing services for long-term care facilities and physician offices in 10 states.• Completed the integration and restructuring of the former MedLab business, resulting in over $7 million of annualized cost savings and taking the business from significant annualized operating losses to profitability in the first full year of ownership by AHA.• Secured a $6 million bank credit facility to refinance existing debt and provide a new operating line of credit.• Instituted performance goals and metrics for the billing department, resulting in a 40% reduction in the backlog of claim submissions and an additional $500,000 of cash flow.• Worked with operations management to implement new compensation structure for the former MedLab business, resulting in improved client turnaround times as well as cost savings. This new structure subsequently passed a review by the U.S. Department of Labor.• Achieved premium reductions through the consolidation of property and liability insurance policies.• Redesigned employee medical benefit plan to minimize cost while also complying with ACA requirements.
  • Laboratory Partners ~ The Medlab
    Chief Financial Officer
    Laboratory Partners ~ The Medlab Sep 2013 - Oct 2014
    Cincinnati, Oh, Us
    Venture capital-funded provider of clinical diagnostic laboratory testing services for long-term care facilities, physician offices and hospitals with annual revenue of approximately $90 million. As a result of a heavy debt burden combined with major reductions in governmental reimbursement for laboratory services, the company filed for Chapter 11 bankruptcy protection in October 2013. The company was subsequently sold in 2 separate transactions.• Promoted to CFO by the Board of Directors to oversee all financial aspects of Chapter 11 bankruptcy reorganization and sale.• Collaborated with bankruptcy advisers and lender to secure $5 million debtor-in-possession credit financing.• Created restructuring plan for operations to reduce cash burn and prepare the company for sale.• Executed due diligence process and sale of the company’s 2 business segments in separate transactions.• Developed and managed plan for the sale of primary business segment to American Health Associates in a complex multi-stage transaction, including transfer of employees, assignment of contracts/leases and procurement of Medicare provider numbers.• Negotiated terms with vendors to minimize disruption to the business.• Constructed key employee incentive plan to retain critical personnel through the bankruptcy process.• Recruited and hired key personnel in accounting, HR and billing departments to replace employees that departed in reaction to the bankruptcy. Despite nearly 100% turnover in the accounting department, all accounting functions continued without significant disruption and all reporting requirements were fulfilled.• Communicated periodic business updates to key stakeholders (employees, clients, vendors, etc.) to ensure continuity of operations.
  • Laboratory Partners ~ The Medlab
    Vice President-Finance And Corporate Controller
    Laboratory Partners ~ The Medlab Nov 2008 - Sep 2013
    Cincinnati, Oh, Us
    • Centralized accounting functions in the corporate office by building a team from nearly scratch, implementing a new general ledger system and converting outlying business units to this new system.• Reduced monthly financial closing cycle by 2 weeks (50%) and annual audit cycle by 2 months (40%).• Established and maintained financial processes and controls, including controls over a complex capital structure comprised of multiple series of convertible preferred stock, senior/subordinated debt and management stock options.• Developed geographic and departmental reporting structure to monitor profitability of distinct business units.• Created a company-wide annual budget process, including detailed sales and wage planning modules, and presented the final budget to the Board of Directors.• Consolidated multiple banking relationships into one, streamlining the treasury management process.• Secured lines of capital lease financing to ensure capital needs of the business were fulfilled.• Directed financial due diligence for acquisitions and divestitures.• Executed sale of a $10 million line of business in order to improve liquidity and reduce debt.• Forecasted cash flow to manage cash in a low-margin environment.• Collaborated with trade association to assess impact of reductions in reimbursement on laboratory providers.
  • Formica Corporation
    Director, Financial Reporting & Analysis
    Formica Corporation Jan 2008 - Sep 2008
    Cincinnati, Ohio, Us
    • Coordinated monthly financial reporting with regional finance teams to ensure compliance with the requirements of Formica senior management and the parent company. • Researched technical accounting issues and determine the company’s position with respect to International Financial Reporting Standards (IFRS). • Consolidated the annual operating plan and monthly forecast, including development of balance sheets and statements of cash flows.
  • Powernet Global Communications
    Vice President, Finance
    Powernet Global Communications Jan 2006 - Jan 2008
    Cincinnati, Ohio, Us
    Privately held telecommunications company providing commercial and residential long distance, local, wireless, and internet service with annual revenue of $100 million.• Supervised four managers with a total finance staff of 20, spanning all functional areas in finance.• Coordinated the reorganization of the company under business units, resulting in better alignment of company resources along customer market lines.• Analyzed financial performance of operations, including revenue and gross margin trends, cash flow, operating expenses, product and customer mix, new product initiatives and capital projects. • Developed and implemented a management incentive compensation plan to align management bonuses with individual and company performance.
  • Powernet Global Communications
    Controller
    Powernet Global Communications Jan 2004 - Jan 2006
    Cincinnati, Ohio, Us
    • Oversaw all accounting-related functional areas of the company, including general ledger, budgeting, accounts payable/receivable, purchasing, credit and collections.• Responsible for all financial reporting, including monthly, quarterly and annual financial statements, commentary and analysis. • Interfaced with external auditors on all audit issues and matters related to GAAP and financial statement presentation. • Developed monthly financial close process, reducing the monthly cycle by 42% without additional staff.• Implemented company-wide budget process and department reporting structure.• Monitored compliance with covenants on debt facilities.
  • Omnicare
    Regional Controller
    Omnicare Mar 2000 - Jan 2004
    Cincinnati, Oh, Us
    • Performed monthly general ledger close and analysis, as well as all budgeting and forecasting, for six long-term care pharmacies in three states with total annualized revenue of $100 million.• Responsible for compliance with financial targets in the areas of operating profitability, accounts receivable days sales outstanding, inventory days on hand and payroll expense.• Provided operations managers with support and analysis on staffing/payroll, billing, collections, inventory management, capital projects and compliance.
  • Omnicare
    Manager Of Financial Reporting
    Omnicare Feb 1998 - Mar 2000
    Cincinnati, Oh, Us
    • Consolidated monthly financial statements, annual budgets and monthly forecasts for over 100 operating units.• Provided integration support to newly-acquired pharmacy locations.• Implemented new corporate-wide financial reporting system (Hyperion Enterprise), including development of a standard chart of accounts and an expanded financial reporting structure for over 100 operating units, reducing the time necessary for consolidation by 67%.
  • Omnicare
    Senior Accountant
    Omnicare Sep 1996 - Feb 1998
    Cincinnati, Oh, Us
    • Oversaw monthly closing of corporate general ledger. • Assisted in preparation of SEC filings.• Coordinated conversion to new corporate general ledger system.
  • Pricewaterhousecoopers
    Senior Accountant
    Pricewaterhousecoopers Sep 1993 - Sep 1996
    Gb
    • Planned and coordinated annual financial statement audits for numerous clients in the financial services, health care and manufacturing industries.• Supervised audit teams consisting of 1-4 professional staff.

Tom Kaylor Skills

Financial Reporting Accounting Forecasting Cash Flow Bank Financing Healthcare Auditing Financial Modeling General Ledger Accounts Receivable Financial Systems Implementation Due Diligence Process Improvement Finance Budgets Gaap Management Strategic Financial Planning Strategic Planning Financial Accounting Managerial Finance Microsoft Excel Accounts Payable Financial Statements Payroll Cash Management Account Reconciliation Operations Management Bankruptcy Turnaround Strategy

Tom Kaylor Education Details

  • Indiana University - Kelley School Of Business
    Indiana University - Kelley School Of Business
    Accounting

Frequently Asked Questions about Tom Kaylor

What company does Tom Kaylor work for?

Tom Kaylor works for Sequoia Biotech Consulting

What is Tom Kaylor's role at the current company?

Tom Kaylor's current role is Chief Financial Officer at Sequoia Biotech Consulting.

What is Tom Kaylor's email address?

Tom Kaylor's email address is tk****@****ore.com

What is Tom Kaylor's direct phone number?

Tom Kaylor's direct phone number is +185942*****

What schools did Tom Kaylor attend?

Tom Kaylor attended Indiana University - Kelley School Of Business.

What are some of Tom Kaylor's interests?

Tom Kaylor has interest in Running, Marathoning, Skiing, Softball.

What skills is Tom Kaylor known for?

Tom Kaylor has skills like Financial Reporting, Accounting, Forecasting, Cash Flow, Bank Financing, Healthcare, Auditing, Financial Modeling, General Ledger, Accounts Receivable, Financial Systems Implementation, Due Diligence.

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