Derek Rozier
Jesup,GA
Summary
Seasoned Chief Financial Officer with a proven track record of significantly enhancing fiscal performance and driving strategic growth at Liberty Regional Medical Center. Advanced leadership skills and a strong aspiration to now lead the organization as Chief Executive Officer.
Overview
18
18
years of professional experience
1
1
Certification
Work History
Chief Financial Officer
Liberty Regional Medical Center
Hinesville, GA
01.2015 - Current
- Direct organizational divisions of a 25-bed critical access hospital, 108-bed nursing home, and 5 physician clinics to include: Accounting, Patient Financial Services, Patient Access, Centralized Scheduling, Radiology, Health Information Systems, Material Management, Plant and Engineering, and Safety.
- Enhance team competence in fiscal issues.
- Develop new service lines, specifically assist in identifying new funding opportunities, the development of budgets, and determining cost effectiveness of prospective services.
- Assess the financial benefits of prospective contracts and direct implementation.
- Ensure adequate controls are installed, and substantiating documentation is approved and available, so that all purchases may pass independent and governmental audits.
- Perform routine budget reviews to project fiscal performance.
- Generate organizational budget: $230,000,000 revenue budget; $57,000,000 expense budget.
- Work with the 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.
- Develop and maintain systems of internal controls to safeguard financial assets of the organization, and oversee federal and state awards and programs.
- Oversee the coordination of activities of independent auditors and the preparation of the annual financial statements in accordance with US GAAP and federal, state, and other required supplementary schedules and information.
- Attend Board and Subcommittee meetings, including being lead staff on the Finance Committee.
- Monitor all account activity of the organization's multiple banking accounts and bond accounts, including bond funding and requisitioning.
- Ensure adequate cash flow to meet the organizational budget.
- Investigate cost-effective benefit plans and other fringe benefits that the organization may offer employees and potential employees, with the goal of attracting and retaining qualified individuals.
- Achieved an annual reduction in the self-funded account of $500,000.
- Produce monthly financial reports and financial statements for the Hospital Authority Finance Committee and Board of Directors.
- Determine annual salaries and staffing levels for the organization through the budget process: 348 FTE and 100+ PRN staff, accounting for $22,500,000 of the operating budget.
- Assist Human Resources and Risk Management Director in the analysis of business insurance plans and health care coverage.
- Oversee the maintenance of inventory of all fixed assets, including assets purchased with government funding, assuring that all are in accordance with federal regulations.
- Lead monthly meetings with directors to analyze spending and provide financial recommendations.
- Developed and implemented financial strategies to drive growth, improve profitability, and maximize long-term value.
- Created annual budgets and monitored performance against them to ensure objectives were achieved.
- Conducted regular financial reviews of operations to identify areas for improvement in terms of cost savings or process improvements.
Controller
Liberty Regional Medical Center
Hinesville, GA
05.2011 - 01.2015
- Analyzed financial data and generated accurate financial statements on a monthly basis, and provided them to the Chief Financial Officer.
- Overseen and supervised daily accounting functions of general ledger, accounts payable, payroll processing, asset ledger, bank deposits
- Directs the preparation of bi-weekly payroll and the transfer of funds to cover payroll, federal and state taxes, employee-designated direct deposits, and payroll deductions, and wage garnishments.
- Reconciled monthly all cash and bond accounts, and all subsidiary ledgers to the general ledger.
- Provided information needed by the independent public accounting firm.
- Assists Chief Financial Officer with the preparation and distribution of annual revenue, expense, FTE, and capital budgets.
- Made recommendations to management personnel and helped implement process improvement initiatives that interface with financial functions.
- Prepared financial variance reports for the organization's financials and monitored departmental variance reports monthly.
- Maintained organizational contracts with outside vendors.
- Ensured all federal, state, and organizational reporting is submitted accurately and timely.
- Developed and implemented effective internal control systems to ensure compliance with GAAP, company policies and procedures.
- Created financial reports for senior management, board of directors and external auditors in accordance with generally accepted accounting principles.
Long-Term Care Business Office Manager
Satilla Regional Medical Center
Waycross, GA
12.2008 - 05.2011
- Managed the employees and functions of the LTC Business Office, including Admissions, Medical Records, Billing, Collections, Resident Trust Funds, and Human Resources.
- Managed and supported collection of overdue payments to reduce receivable days
- Assured proper payment from Medicare, Medicaid, and private insurance companies.
- Maintained comprehensive records of bad debt for annual cost reports
- Conducted verification of residents' benefit coverage before admission.
- Maintained financial files and trust accounts for residents.
- Maintain the financial modules in Pathlinks, including but not limited to updating/adding payer sources, adjusting reimbursement rates, and benefit adjustment.
- 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.
- Managed office budget and ensured accurate financial records were kept.
- Developed and implemented procedures to ensure efficient workflow in the office.
- Trained, supervised and evaluated staff performance.
Accountant Professional 2
Satilla Community Services
Waycross, GA
08.2008 - 12.2008
- Managed accounts receivable and payable, reconciled bank statements, and prepared financial reports.
- Reviewed invoices for accuracy and completeness prior to payment processing.
- Analyzed financial data to identify discrepancies or trends.
Staff Accountant
Wayne Memorial Hospital
Jesup, GA
08.2006 - 08.2008
- Reviewed and analyzed financial statements for accuracy and compliance with standards.
- Prepared monthly account reconciliations for bank accounts, credit cards, and other balance sheet accounts.
- Compiled and prepared journal entries to ensure accurate general ledger records.
Education
MBA - Masters of Business Administration
South University
Savannah, Ga01.2011
BBA - Bachelor of Business Administration, Finance
Georgia Southern University
Statesboro, Ga01.2006
Associate of Arts - Business Administration
Waycross College
Waycross, Ga01.2005
Skills
- Fiscal Management
- Risk Management
- Strategic Planning
- Regulatory Compliance
- Organizational Leadership
- Administrative Leadership
- Board Governance
Certification
Hospital Leadership Training Certified
License Nursing Home Administrator - NHA006152
Accomplishments
- Leadership Liberty Graduate 2016
- Georgia Hospital Association Leadership Graduate 2017
- Liberty County Chamber of Commerce Top 45 Under 45 2021
- HomeTown Health Chief Financial Officer of The Year 2021
Timeline
Chief Financial Officer
Liberty Regional Medical Center
01.2015 - Current
Controller
Liberty Regional Medical Center
05.2011 - 01.2015
Long-Term Care Business Office Manager
Satilla Regional Medical Center
12.2008 - 05.2011
Accountant Professional 2
Satilla Community Services
08.2008 - 12.2008
Staff Accountant
Wayne Memorial Hospital
08.2006 - 08.2008
MBA - Masters of Business Administration
South University
BBA - Bachelor of Business Administration, Finance
Georgia Southern University
Associate of Arts - Business Administration
Waycross College
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