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EDWARD J. NEWETT JR.

, CPA 4743 Hale Lane, Emmaus, PA 18049 Phone (610) 965-2252 Fax (775) 414-6411 en1d35c9@w estpost.net Cell (610) 739-1493 SENIOR FINANCIAL EXECUTIVE Financial & Operational Controls...Corporate Vision...Profit Planning...Budgetin g Policies and Procedures...Cash Flow Management... Corporate Development Funds Management...Feasibility Studies...Financial Analysis...Cost Accounting New Capital Acquisition...Recruiting/Training/Supervision...Compliance IT/IS Liaison... Analysis...Client Relations... Compensation Programs/Insurance Project Management...Scheduling... Purchasing...Inventory Control....Negotiating PROFESSIONAL EXPERIENCE: DIALYSIS CORPORATION OF AMERICA, CAMP HILL, PA 2007 - Present Dialysis Corporation of America is a publicly traded corporation that specialize s in providing Dialysis treatment services at 46 locations in 7 states in the US A. SENIOR DIRECTOR OF REIMBURSEMENT & FINANCE * Supervise and direct finance, accounting, billings and collections, contracts management, and management information systems managers. * Oversee monthly close process, (billing, je postings, account reconciliations, and collections). * Negotiate contracts with professionals, managed care organizations, and insura nce carriers. * Prepare and direct a $94 million operating budget. * Perform treasury functions, cash management, investments, and financial planni ng. * Oversee the preparation of financial statements and cost reports in accordance with GAAP. * Manage internal audit activity and act as primary contact with independent aud itors. * Serve on the Corporate Compliance Committee. * Insure compliance with Sarbanes Oxley and other regulatory requirements of the SEC. * Perform Due Diligence for Mergers & Acquisitions. Major accomplishments included: * Identified and resolved problems related to outdated contracts with third part y insurance carriers resulting in improved reimbursement rates. * Established a contract management department and implemented procedures, inclu ding a computerized tickler system, to ensure that all contracts are reviewed an nually and related fee schedules are updated resulting in an annual increase in revenues in excess of $1.6 million. * Coordinated the installation of a new computer system (HII/TIME) that integrat es clinical services with billing and collections resulting in efficiencies in b illing and AR. * Successfully appealed payment rate disputes and audit adjustments, resulting i n savings in excess of $950,000. * Increased cash flow by reorganizing the Billing and Collection Departments whi ch resulted in operational efficiencies including a decrease in Days of Service Outstanding (DSO) by 28%.

CPA & BUSINESS CONSULTANT 2006 - 2007 * Provide Business Consulting Services including budget preparation, internal co ntrols, cost reports, month end closing, and accounting system implementation. * Provide Tax and Accounting services to businesses and individuals. * Prepare Corporate, Partnership, and Individual tax returns. * Perform Compilation and Reviews of Financial Statements. * Provide Start up and Technical Assistance to new businesses.

Premier Health Care Resources (PHR), Plymouth Mtg., PA 1993 -20 06 PHR is a management consulting company that provides full time management employ ees at client facilities. Through PHR I was assigned as the CFO at Fair Acres Ge riatric Center which is comprised of 5 Skilled Nursing Facilities with a bed com pliment of 908; 2 pharmacies; and a proprietary gift shop. CHIEF FINANCIAL OFFICER * Planned, directed, and coordinated all financial administration, general accou nting, purchasing, business services, and financial reporting. * Supervised and directed finance, accounting, business office, payroll, managem ent information systems, purchasing, and resident assessment departments' manage rs. * Oversaw monthly close process, (billing, je postings, account reconciliations, and collections). * Prepared and directed an $81 million operating budget. * Negotiated contracts with professionals, managed care organizations, and insur ance carriers. * Advised the Facility Administrator, County Executive Director, and County Coun cil with respect to financial reporting, capital planning and financial growth. * Prepared financial statements and cost reports in accordance with GAAP. * Managed internal audit activity and was primary contact with independent audit ors. * Performed in-depth financial analysis and feasibility studies including pro fo rma, capital acquisition, and what-if scenarios of operational decisions. Major accomplishments included: * Established in-house billing procedures for Ancillary services (i.e. Rehab The rapies, Enteral Feeding, Wound Care Program, and Glucose Testing) resulting in a n increase in annual revenues of over $850,000. * Implemented new admission policies and procedures which resulted in an annual increase in revenues in excess of $4 million. * Coordinated the consolidation of 2 Pharmacies to streamline operations and red uce expenses which resulted in an annual savings in excess of $140,000. * Implemented the facilities Corporate Compliance Program. * Coordinated the installation of new accounting system converting from an AS400 mainframe to a PC network using Compudata software which resulted in efficienci es in billing and AR. * Oversaw implementation of new payroll system for 1,200 employees using SAP sof tware. * Developed and coordinated project to establish an in-house laundry operation. Recouped capital cost of $1.2 million within 3 years and total savings to date a re in excess of $3.4 million. * Increased cash flow by more than $1.4 million by successfully appealing interi m rates. * Developed and coordinated project to increase facility's Case Mix Index which resulted in an annual increase in revenues in excess of $5 million.

Diversified Health Services (DHS), Plymouth Mtg., PA 1 986 - 1993 DHS is a management consulting company providing full time management employees at client facilities. Through DHS I was assigned as the CFO at Cedarbrook Nursin g Homes which consisted of 2 Skilled Nursing Facilities with 821 beds; two 8 bed personal care homes; a pharmacy; and a proprietary gift shop. CHIEF FINANCIAL OFFICER * Planned, directed and coordinated all financial administration, general accoun ting, purchasing, and patient business services. * Directed and supervised accounting, data processing, payroll, and purchasing d epartments managers. * Prepared and directed a $39 million operating budget. * Prepared financial statements and cost reports in accordance with GAAP. * Advised the Administrator, County Executive Director, and the Board of Commiss ioners with respect to financial reporting, capital planning and financial growt h.

Major accomplishments included: * Coordinated the consolidation of 2 nursing facilities to maximize allowable re venues under the PA Case Mix Payment system, increasing annual revenues by more than $2.5 million. * Represented the nursing homes before state and federal government agencies and successfully appealed audit adjustments, resulting in savings in excess of $1.5 million. * Increased cash flow by more than $1.6 million by successfully appealing interi m rates. Diversified Health Services (DHS) / Plymouth Mtg., PA 1985 - 1986 Through DHS I was assigned as the CFO at Camden County Health Services Center wh ich consisted of a 151 bed psychiatric hospital; 122 bed skilled nursing facilit y; a 159 bed intermediate care nursing facility; and a 35 unit medical day care center. CHIEF FINANCIAL OFFICER * Financial responsibilities included planning, directing, and coordinating all financial administration, general accounting, patient services and purchasing. * Coordinated the project of installing a new computer system. * Prepared and directed a $26 million operating budget. Major accomplishments includ ed: * Performed comprehensive study and analysis of operational problems and develop ed and implemented corrective actions. * Consolidated facility operations resulting in net savings of more than $1.2 mi llion. New Jersey State Dept. of Health / Div of Planning & Resources Dev., Trenton, NJ 1982 -1985 ANALYST * Directed and performed detailed reviews and analysis of all financial elements and statistics used to establish payment rates for hospitals in New Jersey. Ac

quired an in-depth knowledge of the New Jersey Diagnosis-Related Groups (DRG) Re imbursement System, including rate-setting techniques, procedural and methodolog ical regulations, and appeal strategies. * Designed audit programs and coordinated audits of New Jersey hospitals. * Provided technical assistance to Hospital Rate Setting Analysts. * Represented the New Jersey State Dept. of Health before the Hospital Rate Sett ing Commission. New Jersey State Dept. of Health / Div of Administration, Trenton, NJ 1979 - 1982 AUDITOR * Performed fiscal audits on Agencies, (Hospitals, Municipalities, Colleges, Cli nics, etc.) that received State and/or Federal grants. Evaluated grantee's acco unting systems and internal controls. * Supervised audit team. * Provided technical assistance to grantees in the proper accounting, management , and fiscal reporting necessary for State and Federal grant funds. New Jersey State Dept. of Health / Div of Taxation, Trenton, NJ 1977 - 1979 AUDITOR-TAXATION * Performed audits on tax returns and manufacturers reports. Was instrumental t o the re-establishment of the Commodities Tax Unit. * Conducted conferences with taxpayers and their representatives. * Manned the Division's telephone hot line (Taxpayers Information Service) for a ll taxes levied by the State of New Jersey.

PROFESSIONAL LICENSE: Certified Public Accountant - Commonwealth of Pennsylvania April - 1983 EDUCATION: Bachelor of Science in Commerce, Accounting Major, Rider University, Lawrencevil le, NJ 1980 Associates of Arts in Business Administration, Bucks County Community College, N ewtown, PA 1977 (3.67 cum. Phi Theta Kappa) PROFESSIONAL MEMBERSHIPS: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS Member of the Long Term Care Committee Member of the Legislation Committee Member of the Board of Trustees, PIC PAC PENNSYLVANIA ASSOCIATION OF COUNTY AFFILIATED HOMES Chairman of the Fiscal Management Committee Member of the Executive Committee MEDICAL ASSISTANCE ADVISORY COMMITTEE Chairman of the Long Term Care Subcommittee

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HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION * Member of the Long Term Care Reimbursement Committee SPEAKING ENGAGEMENTS: * Frequent speaker at conferences for the Pennsylvania Association of County Aff iliated Homes. * Provide training seminars at Corporation Annual meetings. * Served as Chairman for the PICPA Annual Health Care Conference. * Provide training seminars for CPE, Inc. which is accredited for CPA's and Atto rneys.