Conducted an intensive clean-up of the depreciation schedule, identifying and removing hundreds of small dollar "ghost assets" that were either long disposed of or totally unidentifiable. Updated and simplified existing capitalization polices to ease record keeping yet still satisfy Medicare guidelines.
Took advantage of HMS virtual credit card payment program with ComData in order to facilitate quicker and more secure vendor payments and earn a substantial rebate for the district each month.
Successfully slowed the growth of employee health insurance costs without diluting benefits by transitioning from a fully insured plan to a self-funded plan.
Following promotion to CFO, place a renewed emphasis on stricter budgetary adherence and reporting of variances to Board of Directors. Increased departmental participation in budget preparation and accountability.
Increased organizational awareness of revenue cycle weaknesses by participating in the Flex Grant program for Financial & Operation Improvement with the Texas State Office of Rural Health. As a result, created Finance Committee consisting of 2 board members in order to enhance the Board's understanding of specific weaknesses, educate them to options available to remedy and gain their support in moving forward with an agreed upon solution.
