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MICHAEL HAYDEN
415 Howard Street, Apt. 714  Evanston, IL 60202  r_michael_hayden@hotmail.com
515-554-6157
FINANCIAL STATEMENTS  PROFITABILITY ANALYSIS
PROCESS IMPROVEMENT  BILLING/ACCOUNTS RECEIVABLE MANAGEMENT
COST REPORTING  REIMBURSEMENT  NEGOTIATIONS  BUDGETS
SUMMARY OF QUALIFICATIONS
 Bachelor of Science in Accounting with extensive expertise in financial management of health
care companies.
 Capable and knowledgeable in educating groups of professionals in regulatory compliance as
well as strong understanding of software and computer program use for process efficiency.
 Strong public speaking skills as well as analytic abilities and a history of service on state and
national committees on skilled nursing.
 Expertise in Medicare and Medicaid cost report preparation and review.
 Detail-oriented with exceptional multi-tasking abilities, self-motivated and goal-oriented, thrives
in independent operations and team dynamics, with effective interpersonal and communication
skills.
 Demonstrates professionalism, solid work ethics, thoroughness and dedication, and finds
innovative solutions for complex problems.
PROFESSIONAL EXPERIENCE
CHIEF FINANCIAL OFFICER Apr 2014 to present
PREMIERHEALTHCARE MANAGEMENT Skokie, IL
For profit nursing home chain with 7 facilities in Illinois
 Prepare and analyze monthly financial statements
 Completed three months of financials within first 30 days in position
 Work with bookkeepers on managing accounts receivable including private pay, Medicare,co-
insurance, Insurance and Medicaid
 Prepare requests to become part of Medicare Advantage plans networks in Illinois
 Complete monthly borrowing base certificates and compliance certificates for lines of credit
 Worked with banks to refinance three mortgages and 7 lines of credit by year end
INTERIM CHIEF FINANCIAL OFFICER Sept. 2013 to March,2014
HEALTH SERVICES MANAGEMENT Cleveland, TN
For profit nursing home chain with 9 facilities in 4 states
 Supervise three accountants,one A/R Manager and one Medicare Biller.
 First week on job completed three financial forecasts for new acquisitions to obtain two million
dollar line of credit.
 First week discovered $200,000 due from Medicare while reviewing balance sheets.
 Provided education on reason for RAC audits that were causing paybacks on Medicare claims
from psychiatric admissions.
 Updated and simplified budget spreadsheet and established budget schedule for 2014 budgets.
VICE PRESIDENT / DIRECTOR OF MEDICARE SERVICES 2000  2013
CARE INITIATIVES West Des Moines, IA
Not for profit nursing home chain with 56 facilities, 3,600 beds and $155 million in total revenue.
 Direct all skilled services and activities including supervision of companys therapy services
encompassing over 120 therapists as well as Medicare nurse consultants and a therapy consultant
who ensure Medicare standards compliance and the Medicare billing department.
 Meet with facility physicians to provide education and information regarding Medicare rules for
skilled nursing facilities.
 Reduced Medicare claims time in accounts receivable by 8 days through streamlining processes
and reducing paperwork while lowering the fulltime equivalents in the billing department by 2.
 Decreased errors and sped up payments by implementing an electronic claims submission system
for billing co-insurance, commercial insurance and Medicare Advantage plans.
ADDITIONAL EXPERIENCE
DIRECTOR OF REIMBURSEMENT 1992-2000
HCR MANORCARE,Toledo, OH.
 Responsible for all reimbursement activities in Florida (37 facilities, 5,061 beds) and supervised
Reimbursement Manager of Western Division (36 facilities, 4,888 beds) of nursing home chain.
 Worked with Excel to perform duties including the construction of sophisticated spreadsheets to
analyze profitability by Medicare RUGcategory, perform monthly Medicare step-downs and an
interface with HCR ManorCares cost report software to significantly improve the speed of cost
report preparation.
DIRECTOR OF ACCOUNTING AND REIMBURSEMENT 1990-1992
REGENCY HEALTH CARE CENTERS,Ormond Beach,FL
 In charge of financial statement preparation for half of the facilities and the analysis of monthly
budget variances after those financial statements were released
 Worked with facility Administrators on controlling budget variances.
 Prepared all documents, projections and analysis for refinancing the debt on individual facilities.
CHIEF FINANCIALOFFICER 1987-1989
FLORIDA LIVINGCARE,Altamonte Springs, FL.
 Responsible for all accounting activities for Florida (10 facilities, 1,200 beds) nursing home chain
 Set up a better cash management system
 Tax Planning
 Responsible for accounts payable and payroll
CONTROLLER 1984-1986
CONTINENTAL CARE CENTERS,Columbia, MD
 Worked closely with the CFO on daily cash management
 In charge of Accounts Payable, Payroll and some Accounts Receivable
 Towards the end of employment I was actually relieved of daily Controller duties to prepare all
documents and projections used to prepare an RFP used by the owners to sell the company.
CONTROLLER 1981-1983
SUN VALLEY HOSPITAL
 In charge of Payroll, Accounts Payable, Accounts Receivable and Billing.
TRAINING
BACHELOR OF SCIENCE IN ACCOUNTING
INDIANA STATE UNIVERSITY Terre Haute,IN
ADDITIONALTRAINING AND SKILLS
 Proficient in Windows operating systems,Microsoft Office Suite (Powerpoint, Word, Excel
and Access),American Healthtech and Internet.
PROFESSIONAL ASSOCIATIONS
Iowa Healthcare Association, Board Member and former member of executive committee
Medicare Committee Co-Chair.
Legislative/Payment for Services Committee
WPS Provider Outreach and Education Committee.
American Healthcare Association Not for Profit Council, Member.

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MichaelHayden2015Resume

  • 1. MICHAEL HAYDEN 415 Howard Street, Apt. 714 Evanston, IL 60202 r_michael_hayden@hotmail.com 515-554-6157 FINANCIAL STATEMENTS PROFITABILITY ANALYSIS PROCESS IMPROVEMENT BILLING/ACCOUNTS RECEIVABLE MANAGEMENT COST REPORTING REIMBURSEMENT NEGOTIATIONS BUDGETS SUMMARY OF QUALIFICATIONS Bachelor of Science in Accounting with extensive expertise in financial management of health care companies. Capable and knowledgeable in educating groups of professionals in regulatory compliance as well as strong understanding of software and computer program use for process efficiency. Strong public speaking skills as well as analytic abilities and a history of service on state and national committees on skilled nursing. Expertise in Medicare and Medicaid cost report preparation and review. Detail-oriented with exceptional multi-tasking abilities, self-motivated and goal-oriented, thrives in independent operations and team dynamics, with effective interpersonal and communication skills. Demonstrates professionalism, solid work ethics, thoroughness and dedication, and finds innovative solutions for complex problems. PROFESSIONAL EXPERIENCE CHIEF FINANCIAL OFFICER Apr 2014 to present PREMIERHEALTHCARE MANAGEMENT Skokie, IL For profit nursing home chain with 7 facilities in Illinois Prepare and analyze monthly financial statements Completed three months of financials within first 30 days in position Work with bookkeepers on managing accounts receivable including private pay, Medicare,co- insurance, Insurance and Medicaid Prepare requests to become part of Medicare Advantage plans networks in Illinois Complete monthly borrowing base certificates and compliance certificates for lines of credit Worked with banks to refinance three mortgages and 7 lines of credit by year end INTERIM CHIEF FINANCIAL OFFICER Sept. 2013 to March,2014 HEALTH SERVICES MANAGEMENT Cleveland, TN For profit nursing home chain with 9 facilities in 4 states Supervise three accountants,one A/R Manager and one Medicare Biller. First week on job completed three financial forecasts for new acquisitions to obtain two million dollar line of credit. First week discovered $200,000 due from Medicare while reviewing balance sheets. Provided education on reason for RAC audits that were causing paybacks on Medicare claims from psychiatric admissions. Updated and simplified budget spreadsheet and established budget schedule for 2014 budgets.
  • 2. VICE PRESIDENT / DIRECTOR OF MEDICARE SERVICES 2000 2013 CARE INITIATIVES West Des Moines, IA Not for profit nursing home chain with 56 facilities, 3,600 beds and $155 million in total revenue. Direct all skilled services and activities including supervision of companys therapy services encompassing over 120 therapists as well as Medicare nurse consultants and a therapy consultant who ensure Medicare standards compliance and the Medicare billing department. Meet with facility physicians to provide education and information regarding Medicare rules for skilled nursing facilities. Reduced Medicare claims time in accounts receivable by 8 days through streamlining processes and reducing paperwork while lowering the fulltime equivalents in the billing department by 2. Decreased errors and sped up payments by implementing an electronic claims submission system for billing co-insurance, commercial insurance and Medicare Advantage plans. ADDITIONAL EXPERIENCE DIRECTOR OF REIMBURSEMENT 1992-2000 HCR MANORCARE,Toledo, OH. Responsible for all reimbursement activities in Florida (37 facilities, 5,061 beds) and supervised Reimbursement Manager of Western Division (36 facilities, 4,888 beds) of nursing home chain. Worked with Excel to perform duties including the construction of sophisticated spreadsheets to analyze profitability by Medicare RUGcategory, perform monthly Medicare step-downs and an interface with HCR ManorCares cost report software to significantly improve the speed of cost report preparation. DIRECTOR OF ACCOUNTING AND REIMBURSEMENT 1990-1992 REGENCY HEALTH CARE CENTERS,Ormond Beach,FL In charge of financial statement preparation for half of the facilities and the analysis of monthly budget variances after those financial statements were released Worked with facility Administrators on controlling budget variances. Prepared all documents, projections and analysis for refinancing the debt on individual facilities. CHIEF FINANCIALOFFICER 1987-1989 FLORIDA LIVINGCARE,Altamonte Springs, FL. Responsible for all accounting activities for Florida (10 facilities, 1,200 beds) nursing home chain Set up a better cash management system Tax Planning Responsible for accounts payable and payroll CONTROLLER 1984-1986 CONTINENTAL CARE CENTERS,Columbia, MD Worked closely with the CFO on daily cash management In charge of Accounts Payable, Payroll and some Accounts Receivable Towards the end of employment I was actually relieved of daily Controller duties to prepare all documents and projections used to prepare an RFP used by the owners to sell the company. CONTROLLER 1981-1983 SUN VALLEY HOSPITAL In charge of Payroll, Accounts Payable, Accounts Receivable and Billing.
  • 3. TRAINING BACHELOR OF SCIENCE IN ACCOUNTING INDIANA STATE UNIVERSITY Terre Haute,IN ADDITIONALTRAINING AND SKILLS Proficient in Windows operating systems,Microsoft Office Suite (Powerpoint, Word, Excel and Access),American Healthtech and Internet. PROFESSIONAL ASSOCIATIONS Iowa Healthcare Association, Board Member and former member of executive committee Medicare Committee Co-Chair. Legislative/Payment for Services Committee WPS Provider Outreach and Education Committee. American Healthcare Association Not for Profit Council, Member.