You are on page 1of 3

S TEPHEN R.

H UEY , CPA, JD
stephen.huey@hotmail.com | T: 941-412-5928 | | North Port, Florida 34288

F I N AN CI AL E X E C UT I V E
Operations Management | Revenue Cycle | Executive Leadership
Senior management executive with extensive experience providing strong, decisive financial and operational leadership to
maximize financial performance while balancing the needs of diverse stakeholders.

Transform organizations from average to outstanding by correcting financial & operational weaknesses

Coordinate with other members of leadership team. Earn trust of co-workers and put the organizations interest above self

Excel at communicating complex financial information with management, boards of directors, and non-financial personnel

Have highest personal and professional integrity, earning respect and support when making difficult decisions and choices
Cooperative approach to problem-solving focused on building consensus and working across functional lines

Demonstrated ability to motivate, challenge and develop staff. Visibly recognize and value ongoing dialogue with employees at all levels

Apply knowledge of governmental laws and regulations to ensure compliance.

Contract Negotiation

Internal Controls and Expense Management

Capital Budgeting / Strategic Planning

Revenue Cycle

Financial Analysis / Operational Execution

Outstanding Communication Skills

E XPERIENCE
Independent Management Consultant / Interim CFO for Client Hospitals

2014 - present

Interim Chief Financial Officer

Soldotna, AK
2013-2014

Various Consulting Companies

Central Peninsula General Hospital

Vice President/Chief Financial Officer

Anchorage, AK
Alaska Native Medical Center
2012 - 2013
Responsible for: Hospital Accounting, Patient Financial Services, Registration, Materials Management, HIM, and Contract Health Services
Exceeded collection goal for 2013 by $14.M (6.3%)
Implemented Revenue Cycle improvement program
Led DSH Recovery Program that resulted in $900K for 2009, 2010-2013 re-openings in process
Implemented GPO Agreement with Materials Management Director
Implemented Productivity and Expense monitoring system

Interim Chief Financial Officer / Healthcare Financial Consultant

2011 - 2012

VACO Resources, LLC


Healthcare Management Associates
Community Health Systems

Revenue Cycle Management, Senior Director Florida Region


Conifer Health Solutio ns, subsidiary of Tenet Healthcare

B o c a Ra t o n , F L

2010 - 2011

10 Hospital Florida Region with 3,800 beds and Net Revenue of $1.56 billion

Oversaw client and operational profitability for the Florida region. Partnered with the Florida Regional Vice President of Finance, ten hospital
CFOs, and two Directors of Revenue Cycle Management to formulate business strategies to ensure performance metrics were achieved.
Developed new strategies, plans and initiatives within client hospitals resulting in the following improvements:
Exceeded 2010 cash collection goal (100.8%)
Exceeded 2010 Net AR days goal (43 actual vs. 45 goal)
Met or exceeded Company Scorecard metrics in all categories

S T E P H E N R. H U E Y

Interim Chief Financial Officer


Florence Hospital

PAGE 2
Florence, AZ
2010

Start-up critical access hospital opened in July 2010 projected net revenue of $20M in first year
Pioneer member of senior management team responsible for the P&L and Operating Budget. Recruited to build and launch General Ledger,
A/P, Payroll, Patient Accounting, Materials Management, Health Information Systems and Compliance Program from the ground up.
Negotiated managed care contracts with Blue Cross, United Health Care, Aetna, and seven local state and federal penitentiaries
Laid foundation with administrative team for achieving final certification by Medicare

Chief Financial Officer


Summit Regional Healthcare Medical Center

Show Low, AZ
2008-2009

88-bed not-for-profit hospital with $120M in net revenue and 600 employees
Led Accounting, HIM, Patient Accounting, Materials Management, Clinical Resource Management and Compliance. Within 19 months:
Increased total profit margin from 9.4% to 15.9%
Reduced net days in Accounts Receivable from 60.1 to 41.1
Increased days cash on hand from 127.5 to 183.6
Improved debt service coverage ratio from 6.02 to 8.90
Worked with patient registration and physician practices to streamline patient access.
Provided financial oversight of $80M patient tower addition
Implemented preparation plan for RAC Audits and led development of Clinical Resource Management program
Oversaw first year-end audit (2008) in Summits history that resulted in no adjustments, concerns or recommendations
INTERIM CHIEF FINANCIAL OFFICER ASSIGNMENTS
Community Health System--Regional Hospital of Jackson, TN and Haywood Park Community HospitalBrownsville, TN
154-bed and 62 Bed for-profit hospitals with combined net revenues of $95M.
Led the Centralized Business Office and Information Systems encompassing 8 West Tennessee hospitals.
Community Health System Memorial Hospital of Salem CountySalem, NJ
150-bed for-profit hospital with $74M annual net revenue and 450 FTEs.
Baptist Hospital of East Tennessee-- Knoxville, TN
329-bed not-for-profit hospital with $160M in annual net revenues and 1,200+ employees.

Chief Financial Officer


River Park Hospital

2008

2007- 2008
2007
McMinnville, TN
2006-2007

125-bed for-profit hospital with $45M in annual net revenues and 300+ employees
Responsible for Accounting, HIM, Patient Accounting, Material Management, Health Information Systems, and Compliance.
Increased EBITDA 51.4% ($2.2M) over prior year.
Decreased FTEs by 27 while maintaining patient care, as part of administrative team.
Decreased patient wait times and increased pre-registration by 50% by streamlining registration and scheduling processes.

Vice President of Ancillary Services / Chief Compliance Officer


Southside Community Hospital

Farmville, VA
2003-2005

116-bed acute care not-for-profit hospital with $40M in annual net revenue and 400+ employees
Recruited as a contractor to this as turnaround consultant in preparation for an acquisition. Was hired within 4 months to oversee Radiology,
Home Health, Rehabilitation Services and Laboratory.
Grew Patient Revenue $16M and Net Revenue $3M over prior year.
Decreased Salary Expense $448,000 and Supply Expense $343,000 over prior year.
Increased EBITDA $1.5M over prior year.
Re-negotiated Managed Care Agreements for an additional $250,000 in payments.
Re-engineered the Business Office lowering unbilled accounts receivable from $3.5M to less than $1M.
Developed hospital compliance program, including internal audit function.

Independent Management Consultant / Interim CFO for Client Hospitals


Healthcare Reimbursement Specialists, Inc. & Various Consulting Companies

Nashville, TN
1995 to 2003

Co-founded, built and managed overall operations of startup business. Consulted on behalf of Robert Half International, Cambio Health
Solutions, Quorum Health Resources, Community Health Systems, Inc. and TIG Healthcare Consultants.
Provided turnaround management services to healthcare clients
Served as interim CFO for financially distressed hospitals and systems working with executive management team to develop
and implement corrective action plans

S T E P H E N R. H U E Y

PAGE 3

E D U C AT I O N / A D D I T I ON AL
Doctor of Jurisprudence NASHVILLE SCHOOL OF LAW Nashville, TN
Bachelor of Science, Accounting UNIVERSITY OF KENTUCKY Lexington, KY
Certified Public Accountant Texas license
Law license Tennessee
Healthcare Financial Management Association Member