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Senior-Level Financial Professional (CFO) • Deliver Process Improvements | Exceed Budgetary Goals | Support & Guide TeamI am a seasoned executive and champion of strategic growth, having turned around struggling or underperforming businesses by streamlining processes and collaborating cross-functionally. I consider myself fortunate to have worked in a significant number of different healthcare environments—from small hospitals to large health systems, and standalone healthcare systems (employee-owned) to hospitals that were part of large for-profit health systems. Within those experiences, some of my career highlights include:• Turning around multiple struggling businesses; in one instance, increasing consolidated earnings by more than $15M, and in another, establishing all foundational policies and procedures.• Being recruited to advise on the “westernization” of 8 facilities in Abu Dhabi.• Lecturing for a semester on healthcare managerial finance.• Serving as judge in 2 case competitions in healthcare management at my alma mater.Building key relationships within all levels of organization and employing a direct leadership style has been a mainstay of my career. My team appreciates my straightforward approach and my record of valuing accountability while providing support and guidance. My revenue cycle experience includes healthcare payer finance management experience, health information management special projects, managed care payer negotiations, and being the senior finance officer for a Medicaid HMO.My career has set me up well with an array of financial and operational experience to be a great fit for a diverse range of senior-level positions. Some of my key skills include:Strategic Planning | Analysis | Expense Control | Negotiation | Multi-Unit Operations | Managing Cash Flow / EBITDA | Compliance
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Interim Chief Financial Officer/ControllerN/A May 2020 - Present
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Chief Financial OfficerSouthwestern Medical Center; Lawton Oklahoma Dec 2010 - May 2020I was brought into this role to help “right the ship.” Things had been going downhill and the CEO recruited me to help him (and the rest of the management team) correct that. We were able to significantly increase consolidated earnings ($10M+) within the first 6 years.My contributions were diverse, ranging from operational and financial accountability, cash flow / EBITDA, and the resolution of compliance issues. Additionally, we collaborated to develop the annual operating and capital budgets, strategic business plans, and business development initiatives.**Role Ended April 2020**
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Chief Financial OfficerRenaissance Hospital Groves Jan 2010 - Nov 2010In the midst of winding down my self-employment, I was recruited to help turn around this recently purchased, privately owned hospital. I (and the rest of the executive management team) collaborated with the owners to establish all of the operational and financial policies and procedures. Within a short period of time, we had the hospital heading in the right direction.Within this role I directly oversaw plant operations, environmental services, dietary, payroll, A/P, health information, information systems, accounting, materials management, admitting, case management, business office, and laboratory services.
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OwnerSelf Employed Sep 2008 - Dec 2009Within about a year and a half, I took on short-term assignments with healthcare-related clients in the areas of managed care, revenue cycle process enhancement and management, billing and collection, cash flow enhancement, and product line enhancement with clients providing outpatient therapy, wound care, and hyperbaric services.Additionally, I was a part of a small team hand-selected to advise regarding the “westernization” of 8 facilities in Abu Dhabi. That was a really exciting project!
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Chief Financial OfficerCollege Station Medical Center 2004 - 2008UsI was asked to transfer from Women and Children’s Hospital (the partner facility I was at previously that was half the size) to step into this CFO role. We were able to accomplish a lot of great things here, including:• Increasing up-front cash collections 50%,• Growing earnings YOY during my tenure, and• Expanding the facility volume while maintaining quality/efficiency of service. -
Chief Financial OfficerWomen And Children'S Hospital Jul 2000 - Jun 2004During my time here, I worked with department leadership to assure operational and financial accountability and cash flow / EBITA of the facility, and resolve compliance issues. Additionally, I oversaw billing and regulatory reporting compliance of hospital, inpatient rehabilitation, and employed physician services.
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Vp FinanceCommunity Health Choice 1997 - 2000As the VP of finance, I oversaw provider network pricing, negotiation of provider agreements, financial management and reporting, governmental and contractual compliance, data security and confidentiality, internal controls, budgeting, utilization and cost analysis, and management and overview of administrative services agreement, management claims administration, and all HMO information systems.
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Director Of FinanceHouston Northwest Medical Center 1993 - 1997Title Director of Finance | Director of Managed CareDescription Initially, as the director of managed care, my scope included planning, organizing, directing, and evaluating the development of managed care products. Additionally, I would negotiate, monitor performance, and identify contracts for renegotiation or cancellation based upon performance appraisals.About 2 years into my time there, I transitioned into the director of finance role, in which I was accountable for hospital financial reporting and internal control, budget, patient billing and collection activities, government program reporting and reimbursement, payroll, cost accounting, and managed care utilization and cost analysis.
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Financial ManagerAmi 1984 - 1993Title Financial Manager | Accounting Supervisor | Senior Accountant | General AccountantDescription Based on my successful track record, I progressed through multiple promotions of increasing levels of accountability and leadership. **As the financial manager I even served as the interim CFO for 16 months.**
Wayne Colson Skills
Wayne Colson Education Details
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Baylor UniversityManagement & Marketing -
University Of Houston-Clear LakeAccounting
Frequently Asked Questions about Wayne Colson
What company does Wayne Colson work for?
Wayne Colson works for N/a
What is Wayne Colson's role at the current company?
Wayne Colson's current role is Experienced Financial Executive.
What is Wayne Colson's email address?
Wayne Colson's email address is wa****@****ter.com
What is Wayne Colson's direct phone number?
Wayne Colson's direct phone number is +133756*****
What schools did Wayne Colson attend?
Wayne Colson attended Baylor University, University Of Houston-Clear Lake.
What skills is Wayne Colson known for?
Wayne Colson has skills like Revenue Cycle, Healthcare, Team Building, Financial Modeling, Analysis, Management, Leadership, Physician Relations, Hospitals, Healthcare Management, Medicare, Managed Care.
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