Stokes Aitken

Chief Financial Officer at Praesum Healthcare
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Contact Information
us****@****om
(386) 825-5501
Location
US

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Experience

    • United States
    • Mental Health Care
    • 1 - 100 Employee
    • Chief Financial Officer
      • Nov 2021 - Present

      • Launched growth in revenues, approximately $2.1M in 2007, and in 10 years reaching $70M in 2017. Sunrise Detox Centers made Inc 5000 list of fastest growing companies 5 times, from 2012-2017. • EBITDA increased from $1.1M in 2007 to $24M in 2017. Then again to $27M in 2021. Revenue $90M and EBITDA $27M in 2022.• Inventory Management: Prepared and expanded department inventory management tools, resulting in expanded visibility and control of inventory levels. This led to a reduction of overstock by 15% and overspending by 10%, while ensuring optimal levels on hand and eliminated communication breakdowns and created efficiencies.• Guided revenue development teams to develop 7 new product lines that anticipated unmet customer needs; Gained an additional 10,000 patients and $30M in revenue. Show less

    • Chief Operating Officer
      • Oct 2013 - Nov 2021

      • Constantly reevaluating contracts and agreements with vendors for pharmacy, contract labor, office equipment, supplies, and F&B.• Developed and upgraded an in-house IT department by adding cost-effective solutions, such as installing a local server and remote backup servers resulting in a 30% decrease in IT expenses and improved financial processes.• Structured and introduced 3 geographically dispersed teams to support, retain, and service multiple levels of care in New Jersey, New York, Massachusetts, and Georgia markets.Launched continued process improvement model to improve productivity efficiencies, resulting in an adoption by all teams across 35 facilities and 6 states resulting in a 5% decrease in budget overages.Facility Acquisition and Development: Innovatively acquired properties, obtained zoning, managed construction, licensing, and pre-opening of facilities resulting in 13 new residential facility openings. Show less

    • United States
    • Mental Health Care
    • 100 - 200 Employee
    • Chief Financial Officer
      • Oct 2007 - Jan 2013

  • USA Boblsed and Skeleton Athlete
    • Park City, Utah and Lake Placid, New York
    • Athlete
      • Oct 2002 - Feb 2010

Education

  • University of Utah
    Executive MBA, Business Administration and Management, General
    2021 - 2023
  • University of Utah
    FECS, Economics
    1999 - 2002
  • Northern State University
    Bachelor's degree, Business Administration and Management, General
    1998 - 1999

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