Donald Reid
Corporate Controller at Praesum Healthcare- Claim this Profile
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Experience
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Corporate Controller
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Mar 2022 - Present
Lake Worth, Florida, United States > Streamlined Month Close process for Accounting, Accounts Payable and Revenue Cycle. > Implemented SAP Concur, Travel, Expense Management & Accounts Payable Modules. > Consolidated Chart of Account for 57 individual companies into one comprehensive structure. > Managed all accounts, ledgers, fixed assets, and reporting systems, ensuring compliance with appropriate Generally Accepted Accounting Principles (GAAP), regulatory requirements. > Managed accounts payable… Show more > Streamlined Month Close process for Accounting, Accounts Payable and Revenue Cycle. > Implemented SAP Concur, Travel, Expense Management & Accounts Payable Modules. > Consolidated Chart of Account for 57 individual companies into one comprehensive structure. > Managed all accounts, ledgers, fixed assets, and reporting systems, ensuring compliance with appropriate Generally Accepted Accounting Principles (GAAP), regulatory requirements. > Managed accounts payable, accounts receivable, analytics, cash flow, and forecasting processes to ensure effective and efficient service to customers. > Established Internal Audit and Internal Controls following the Sarbanes-Oxley guidelines. Show less
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Principal
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Oct 2017 - Present
Pembroke Pines, FL > Provided strategic insight, expertise, and analytics to client C-Suite executives in the areas of revenue growth, expense management, contracted/purchased services, workforce/staffing management, data analytics and benchmarking to generate sustainable value and return on investment for clients. > Developed critical process improvement initiatives to drive best practice performance. VP Financial Operations and Strategic Development for Genesis Medicus Florida and California… Show more > Provided strategic insight, expertise, and analytics to client C-Suite executives in the areas of revenue growth, expense management, contracted/purchased services, workforce/staffing management, data analytics and benchmarking to generate sustainable value and return on investment for clients. > Developed critical process improvement initiatives to drive best practice performance. VP Financial Operations and Strategic Development for Genesis Medicus Florida and California (July 2019 – Present) > Developed a database for tracking revenues, expenses, and compliance. > Automated financial reporting, realigned HR compliance, and optimized staffing needs. > Managed the operations and expansion of multiple office sites. > Served as a partner to the CEO in achieving financial goals and objectives, offering financial insight and guidance for the executive management team. > Managed cash flow and working capital to ensure companies growth forecast. Show less
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HCA Healthcare
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United States
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Hospitals and Health Care
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700 & Above Employee
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Chief Financial Officer - East Florida Division
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Jun 2015 - Jul 2017
Miramar, FL > Recognized the lowest supply cost metrics of 14 divisions containing 189 hospitals. > Increased contract compliance from 73% to 88% in the key service lines of Cardiac Rhythm Management, Cardiovascular, Orthopedics, Dermatology (Burn Unit) and General Surgery. > Managed all accounts, ledgers, fixed assets, and reporting systems, ensuring compliance with appropriate Generally Accepted Accounting Principles (GAAP), regulatory requirements. > Managed accounts payable… Show more > Recognized the lowest supply cost metrics of 14 divisions containing 189 hospitals. > Increased contract compliance from 73% to 88% in the key service lines of Cardiac Rhythm Management, Cardiovascular, Orthopedics, Dermatology (Burn Unit) and General Surgery. > Managed all accounts, ledgers, fixed assets, and reporting systems, ensuring compliance with appropriate Generally Accepted Accounting Principles (GAAP), regulatory requirements. > Managed accounts payable, accounts receivable, analytics, cash flow, and forecasting processes to ensure effective and efficient service to customers. > Directed Internal Audit and Internal Controls following the Sarbanes-Oxley guidelines. > Collaborated with Physicians in evaluating new products and technologies to exceed quality, service and outcomes expectations. > Created capital and operating budgets for 13 hospitals in excess of $1 Billion in expenses. Show less
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FTI Consulting
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United States
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Business Consulting and Services
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700 & Above Employee
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Sr. Director Consulting, Healthcare Solutions Division
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Jan 2014 - Mar 2015
Remote USA > Led multiple teams in identifying and implementing expense savings, labor optimization, and revenue enhancement opportunities using change management. > Provided leadership in guiding project direction and outcomes to organizations across the country generating $33 million in savings. > Designed and implemented a company-wide categorization model for purchased service companies to identify savings opportunities. > Responsibility for management of engagement… Show more > Led multiple teams in identifying and implementing expense savings, labor optimization, and revenue enhancement opportunities using change management. > Provided leadership in guiding project direction and outcomes to organizations across the country generating $33 million in savings. > Designed and implemented a company-wide categorization model for purchased service companies to identify savings opportunities. > Responsibility for management of engagement financials and operational efficiency. > Developed critical process improvement initiatives to drive best practice performance generating $22 million in increased revenues. Show less
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Director Consulting, Healthcare Solutions Division
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Oct 2010 - Jan 2014
Remote USA > Demonstrated overall responsibility for project management, client management, solution design, and implementation as well as achievement of hospital engagement results. > Developed tools to facilitate clinical and non-clinical teams to identify savings opportunities generating results. > Oversaw data mining and intake processes utilizing SQL scripting to identify opportunities. > Provided leadership in guiding project direction and outcomes to organizations across… Show more > Demonstrated overall responsibility for project management, client management, solution design, and implementation as well as achievement of hospital engagement results. > Developed tools to facilitate clinical and non-clinical teams to identify savings opportunities generating results. > Oversaw data mining and intake processes utilizing SQL scripting to identify opportunities. > Provided leadership in guiding project direction and outcomes to organizations across the country generating $42 million in savings. Show less
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Memorial Healthcare System
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United States
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Hospitals and Health Care
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700 & Above Employee
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Asst Director Finance
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Sep 2005 - Oct 2010
Hollywood, FL > Worked closely with Hospitals, Outpatient Centers and Nursing Home CFO’s, controllers and accounting staff to ensure all financial and operational processes complied with guidelines. > Performed Monthly Operating Revues with leadership providing variance analyses for expenses and productivity. > Collaborated with the Physician Group VP to provide financial oversight, support, and growth development for the physician groups and practices. > Produced multi-million… Show more > Worked closely with Hospitals, Outpatient Centers and Nursing Home CFO’s, controllers and accounting staff to ensure all financial and operational processes complied with guidelines. > Performed Monthly Operating Revues with leadership providing variance analyses for expenses and productivity. > Collaborated with the Physician Group VP to provide financial oversight, support, and growth development for the physician groups and practices. > Produced multi-million dollar operating and capital budgets, recognizing financial forecasting to meet the corporations’ and government oversight expectations. > Coordinated and led special projects as requested by Corporate Leadership for the evaluation of new and existing programs and/or services, joint ventures, acquisitions, and other new business and growth development. Show less
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Manager, Financial Operations PMO
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Jan 2001 - Sep 2005
Miami Beach, FL > Led organizations turnaround and reorganization plan. > Identified new business growth as well as consolidation opportunities. > Implemented a productivity management tool realizing a decrease in FTE’s and a reduction in labor cost by controlling contracted labor and OT. > Developed expense management tools recognizing a reduction in supply and purchased services expenses. > Developed and implement Value Analysis Review Process, Expense Management, and… Show more > Led organizations turnaround and reorganization plan. > Identified new business growth as well as consolidation opportunities. > Implemented a productivity management tool realizing a decrease in FTE’s and a reduction in labor cost by controlling contracted labor and OT. > Developed expense management tools recognizing a reduction in supply and purchased services expenses. > Developed and implement Value Analysis Review Process, Expense Management, and Performance Reporting Programs. Show less
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Director Finance, Strategic Planning and Special Projects
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Jan 1999 - Jan 2001
Miami, FL > Directed and coordinated financial proformas and financial forecasting in coordination with marketing strategies. > Oversaw the strategic alignment, oversight, and management of claims processing, collections, payment functions and Case Management Systems for the organization. > Developed and implemented productivity management tool realizing a reduction in FTE’s and an labor cost primarily by controlling contracted labor and overtime expenses. > Maximized Revenue… Show more > Directed and coordinated financial proformas and financial forecasting in coordination with marketing strategies. > Oversaw the strategic alignment, oversight, and management of claims processing, collections, payment functions and Case Management Systems for the organization. > Developed and implemented productivity management tool realizing a reduction in FTE’s and an labor cost primarily by controlling contracted labor and overtime expenses. > Maximized Revenue Cycle initiatives by providing Managed Care Contract with cost accounting data. > Produced an annual Budget recognizing financial improvement in accordance with the corporations’ expectations. Show less
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Education
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Florida International University
Masters, Health Services Administration -
Florida International University
Bachelor, Health Services Administration