DEREK ROZIER
Jesup,Ga
Summary
Experienced hospital Chief Financial Officer focused on developing and streamlining procedures and finding innovative, cost-effective solutions to better the fiscal stability of the organization.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Chief Financial Officer
Liberty Regional Medical Center
Hinesville, GA
2015.01 - Current
- Direct organizational divisions of 25 bed hospital, 108 bed nursing home, and 5 physician clinics to include: Accounting, Patient Financial Services, Patient Access, Centralized Scheduling, Health Information Systems, Material Management, Plant and Engineering, and Safety
- Oversee staff awareness and knowledge of financial matters
- Developed new service lines, specifically assist in identifying new funding opportunities, development of budgets, and determining cost effectiveness of prospective services
- Access financial benefits of prospective contracts and direct implementation
- Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits
- Oversee and perform mid-year budget review
- Generate organizational budget: $163,000,000 revenue budget; $48,000,000 expense budget
- Work with Compliance Officer to ensure success through cost analysis support and compliance with all contractual and requirements
- To include: interpreting legislative and programmatic rules and regulations to ensure compliance with all federal, state, local and contractual guidelines, ensuring that all government regulations and requirements are disseminated to appropriate personnel
- Manage all fiscal reporting activities for the organization including organization revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organization and contract/grant budgets
- Oversee payroll activity for staff and implementation of ADP
- Develop and maintain systems of internal controls to safeguard financial assets of the organization and oversee federal awards and programs
- Oversee coordination of activities of independent auditors and preparation of annual financial states is in accordance with US GAAP and federal, state and other required supplementary schedules and information
- Attend Board and Subcommittee meetings to include being lead staff on Finance Committee.
- Monitor all account activity of organizations 11 banking accounts and 4 bond accounts to include bond funding and requisitioning
- Ensure adequate cash flow to meet organizational budget
- Negotiate cost-effective benefit plans and other fringe benefits which organization may offer employees and potential employees with t goal of attracting and retaining qualified individuals
- Achieved annual reduction in self-funded account of $500,000
- Prepare monthly financial reports and financial statements for Hospital Authority Finance Committee
- Determine annual salaries and staffing levels for organization through budget process: 429 FTE and 100+ PRN staff, accounting for $20,000,000 of operating budget
- Assist Human Resources and Risk Management Director in analysis of business insurance plans and health care coverage
- Oversee maintenance of inventory of all fixed assets, including assets purchased with government funding assuring all are in accordance with federal regulations
- Head monthly meetings with directors to analyze spending and provide financial recommendations.
Controller
Liberty Regional Medical Center
Hinesville, GA
2011.05 - 2015.01
- Prepare monthly financial reports and presents reports to Chief Financial Officer
- Directs and monitors daily aspects of all accounting activities related to general ledger, accounts payable, payroll processing, asset ledger, and bank deposits
- Directs preparation of bi-weekly payroll and transfer of funds to cover payroll, federal and state taxes, employee designated direct deposits and payroll deduction, and wage garnishments
- Responsible for monthly reconciliation of subsidiary ledgers to general ledger
- Responsible for monthly reconciliation of all cash and bond accounts
- Provide information needed by independent public accounting firm
- Build financial ADHOC reports as needed for budget and audit purposes
- Assist Chief Financial Officer with preparation and distribution of annual revenue, expense, FTE, and capital budgets
- Make recommendations to management personnel and help implement process improvement initiatives that interface with financial functions
- Prepare financial variance reports for organization financials and monitor departmental variance reports monthly
- Maintain organizational contracts with outside vendors
- Ensure all federal, state and organizational reporting is submitted accurately and timely
Care Business Office Manager
Long, Satilla Regional Medical Center
Waycross, GA
2008.12 - 2011.05
- Manage employees and functions of LTC Business Office to include Admissions, Medical Records,
- Billing, Collections, Resident Trust Funds, and Human Resources
- Coordinate and assist with collecting account receivables to maintain AR days
- Ensure proper payment from Medicare, Medicaid, and Private insurance companies
- Maintain Bad Debt logs for annual Cost Report
- Verify resident's coverage of benefits prior to admission
- Maintain financial files and trust accounts for residents
- Maintain financial modules in Pathlinks including but not limited to: updating/adding payer sources, adjust reimbursement rates, and benefit adjustment
- Maintain and enforce existing policies and procedures, and revise/create new policies as needed
- Audit petty cash, prepare and submit annual surveys, and maintain contract agreements including but not limited to: Annual Nursing Home Survey, Fair Rental Value Survey, and CMS Medicare Recertification Survey
- Attend training periodically including but not limited to: HCPRO Medicare Boot Camp for Long-Term Care,
- Medicare: Beyond the Basics, and Medicare Review courses.
Accountant
Satilla Community Services
Waycross, GA
2008.08 - 2008.12
- Manage Accounts Payable and Payroll
- Process Contract AR and oversee AR entries
- Record all monthly accounting journal entries
- Interface all Sub-Ledgers to General Ledger
- Produce and distribute financial statements to all departments
- Produce and distribute General Ledger Details and Payroll Allocation Reports
- Act as liaison with site managers for accounting issues
- Reconcile balance sheet accounts and all bank accounts
Staff Accountant
Wayne Memorial Hospital
Jesup, GA
2006.08 - 2008.08
- Account reconciliation
- Fixed asset accounting procedures-reconciliations and depreciation
- Prepare account payable checks for special check request, recurring monthly payments, and travel advance/reimbursement
- Process account payable checks weekly, account payable demand and manual checks as needed
- Month-end general ledger journal entries
- Assist with payroll processing, file and pay federal, state, and sales and use tax
- Prepare account payable checks for garnishments and reconcile each individual's deductions compared to payments made
- File claims to Mediserve for covered equipment maintenance
- Responsible for closing Accounts Payable subsidiary ledger on monthly basis
- Collect and prepare productivity reports on bi-weekly basis
Education
MBA -
South University
Savannah, GA2011
BBA: Bachelor of Business Administration - Finance
Georgia Southern University
Statesboro, GA2006
Associate of Arts: Associate of Arts - Business Administration
Waycross College
Waycross, GA2005
Skills
- Leadership and People Development
- Operational Analysis
- Complex Problem Solving
- Regulatory Compliance
- Integrity and Transparency
- Organizational Development
- Profit and Loss Management
- Industry Expertise
- Annual Planning
- Executive Leadership
- Budget Planning
- Financial Management
- Strategic Planning and Execution
Accomplishments
HomeTown Health CFO of the Year 2021
Leadership Award: Top 45 Under 45 Liberty County 2021
Leadership GHA 2017
Leadership Liberty 2016
Certification
Hospital Leadership Training: Georgia Hospital Association 2020; Recertification 2021-present
FEMA - Incident Command System 2022
Timeline
Chief Financial Officer
Liberty Regional Medical Center
2015.01 - Current
Controller
Liberty Regional Medical Center
2011.05 - 2015.01
Care Business Office Manager
Long, Satilla Regional Medical Center
2008.12 - 2011.05
Accountant
Satilla Community Services
2008.08 - 2008.12
Staff Accountant
Wayne Memorial Hospital
2006.08 - 2008.08
MBA -
South University
BBA: Bachelor of Business Administration - Finance
Georgia Southern University
Associate of Arts: Associate of Arts - Business Administration
Waycross College