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Nancy Merriweather is a seasoned financial leader with 20+ years of experience in non-profit, healthcare, manufacturing, and transportation sectors. She holds a Graduate Certificate in Accounting and a B.S. in Accounting from Kaplan University and the University of Tennessee at Martin, respectively. Merriweather is a Certified Public Accountant (CPA) with expertise in financial leadership, budgeting, forecasting, cash management, and process improvement.

Credentials

  • Certified Public Accountant
    Michigan

Experience

    • CFO
      • Sep 2013 - Present
      • Quakertown, PA

      Provide financial leadership to non-profit Skilled Nursing Facilities, Home Care and Child Daycare entities including monthly and year end closing and consolidations; AP, AR, healthcare billing, credit card processing, collections; bank debt service reporting; state, federal and financial audits, contract negotiations and maintenance; 990, Partnership and Corp tax return preparation; budgets; management guidance on financial matters; cost reports; state funding reporting; unclaimed property tracking, sales/use tax and reporting; fixed assets, construction letters of credit and project reporting, bank and account reconciliations, cash management; Board of Directors reporting; census and CMI rate budget comparison and productivity adjustments; and financial reporting.

    • ACFO
      • Sep 2012 - Sep 2013
      • Easton PA

      Contributing to the financial success of Easton Hospital, a 254-bed, acute care teaching hospital and clinic locations serving more than 300,000 residents in Northampton County and the five surrounding counties in Pennsylvania and New Jersey through analysis, reporting and management of critical areas. Special projects as assigned by the CFO and CEO. Objective: Gain financial experience in an acute care facility while applying professional financial and management experience to direct staff and managment to meet corporate and professional goals and objectives.

    • Chief Financial Officer
      • Jan 2010 - Sep 2012

      • Develop financial strategies for inpatient and out-patient behavioral health services provided by CMH• Improve billing and collection functions• Lead through financial impact of Medicaid Rehab Option funding changes through implementation of revenue enhancements and cost controls• Improve financial reporting to BOD and management team.

    • CFO
      • Apr 2007 - Aug 2009
      • Greater Detroit Area

      BCA (under new ownership)•Responsible for all fiscal & financial management of hospital operations and outpatient services.. Provide leadership and coordination in administrative, business planning, GAAP accounting and budgeting functions.•Hands on management of Business Office to improve billing and collection activities - implemented electronic billing and collections (SSI services, Medicare, Medicaid, BCBS, Counties and other commercial insurances).•Hands on management of Accounting, Business office and Material management; interfaced with Utilization Review team and HIM to manage financial impact - including extensive employee training and development.• Budget Analysis and Forecasting• Managed IT staff and system conversion to HMS.Circle of Life -• Part of Restructuring Team to lead bankrupt hospital to profitability for future sale. Manage all finance and accounting functions – Billing, A/P, Payroll, Cash Management & Forecasting, Financial Statement preparation and analysis, bank and account reconciliations, month and year end closing & 1099 processing; manage insurance policies.• Analyze current practices and procedures to develop accounting/operating procedures in accordance with GAAP; • Improved Billing & Collection results -100% billed/98%collected/DSO 40 from 80%billed/72%collected/DSO 145• Manage and develop accounting manager and supervisors to minimize use of human resources; • Responsibilities increased to include restructuring accounting/billing department at sister locations providing outpatient services - Team Mental Health Services (MI & NC locations);• Develop operating budgets at department level; monitor budget compliance; develop cash tracking techniques;• Primary contact for compilation and communicating financial information to internal and external sources.

    • Controller
      • 2008 - 2008

      Unit Controller at Henry Ford Hospital

    • Controller
      • 2007 - 2008

      • Part of Restructuring Team to lead bankrupt hospital to profitability for future sale. Manage all finance and accounting functions – Billing, A/P, Payroll, Cash Management & Forecasting, Financial Statement preparation and analysis, bank and account reconciliations, month and year end closing & 1099 processing; manage insurance policies.• Analyze current practices and procedures to develop accounting/operating procedures in accordance with GAAP; • Improved Billing & Collection results -100% billed/98%collected/DSO 40 from 80%billed/72%collected/DSO 145• Manage and develop accounting manager and supervisors to minimize use of human resources; • Responsibilities increased to include restructuring accounting/billing department at sister locations providing outpatient services - Team Mental Health Services (MI & NC locations);• Develop operating budgets at department level; monitor budget compliance; develop cash tracking techniques;• Primary contact for compilation and communicating financial information to internal and external sources.

    • Accounting Manager
      • Jul 2005 - Apr 2007

      • Manage all accounting functions manufacturing company ($85M) with 3 internationa subsidiaries plus a separate sister company (division of Kaydon Corp.) - A/R, Billing, Credit Approvals & Collections; A/P & vendor processing; positive pay monitoring; cash application.• Fixed Asset/depreciation reporting using FAS system.• Month/Year end closing, account analysis, bank reconciliations, sales& use tax preparation, state property tax preparation, & federal tax schedules; 1099 preparation; intercompany analysis (int’l subs - Japan, UK & Germany).• Weekly Cash Flow and Sales forecasting;• Implement and document Sarbanes Oxley controls for accounting functions; Administer and monitor internal and external financial audits – including support & documentation efforts.

    • Administrative/Operations Manager
      • Sep 1990 - Dec 2003

      Mgr, Domestic Ground Operations (1997-2003) •Change agent for corporate initiatives. •Budget analysis; Project Leader for internal audits self-assessment & corrective action; manager pkg distribution/ sort operations both am/pm.• Manage startup operations for Auburn Hills; mergers of Troy/Southfield & Southfield/Detroit locations. • .Implemented decentralization of document imaging and POS usage for MI district.• ISO9001 and best practice policy compliance.• Reduced packages mis-routed by 200%; FTE monitoring & scheduling • Mgr of pilot program for retail operations - World Svc Ctrs & Kinko’s.- Mgr, Automation Revenue Mgmt - Advanced Automation (1995-1997) •Implemented revenue cycle management for automated shipping program; process control improvements -30% increase in efficiency with “0” increase in staff as customer base increased 45%.•Awarded FedEx’s Outstanding Mgr Award for performance in top 10% of corporate managers •Fixed asset management; 30% reduction ($.5 mil in FA) reducing capital costs for new customers.•Customer and Sales support..•Developed process for ancillary billing of fuel surcharges.•Led numerous interdepartmental quality teams in developing process control improvements to eliminate revenue loss and reduce costs resulting in over $2.5 million increase in profit. •Support Global Sales team with rate changes and electronic billing issues; analysis of billing rate discrepancies. - Mgr, Customer Automation Controls – S/E Regions (1993-1995) •Responsible for Automated Billing - timely recognition, reconciliation, & revenue recovery - Mgr of Payroll Services (1990-1993) •Processing of wages for 100K employees; tax/garnishment reporting.•Implemented GAAP in the payroll process to reduce risks of errors and inefficiencies.•Reduced W2 processing time by 45% and related expenses by 60%. ••Annual Leadership survey rating in top 10% of all corporate managers; performance rating 3.8 out of 4.0.

    • Manager, Customer Automation/Asset/Revenue Management/ Payroll Mgr
      • 1990 - 2003

    • Revenue/Cash Accountant
      • 1990 - 1990

    • Tax & Insurance Accountant
      • 1986 - 1989

      Prepare Federal tax schedules, state tax, and sales tax preparation for 47 localities. Cash management - forecasting and monitoring. Product Liability claims processing.

Education

  • 2011 - 2012
    Kaplan University
    Graduate Certificate in Accounting, Masters Level Accounting 20 hrs
  • University of Tennessee at Martin
    B.S., Accounting

Suggested Services

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Industry Focus. “Accounting and Auditing”

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