KARENA WHITE
Brunswick,GA
Summary
Accomplished professional with over 25 years of diverse leadership experience specializing in Six Sigma methodologies, financial management, and healthcare administration. Proven track record in managing multi-million-dollar projects, optimizing financial performance, and providing strategic analysis. Proficient in financial modeling, data analysis, and GAAP compliance. Skilled at fostering collaborative relationships across all organizational levels with a talent for surgical supply database management and advanced reporting tools. Committed to delivering valuable insights, exceeding goals, and driving results.
Overview
24
24
years of professional experience
1
1
Certification
Work History
Chie Financial Officer
Coastal Community Health
09.2024 - Current
- Oversaw budgets, payroll, and accounts payable and receivable.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Oversaw accounts payable and receivable to track income and expenditures, drive statutory compliance and provide quantitative financial information.
- Oversaw deployment of strategic business plans to accomplish accounting, compliance, and revenue targets.
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Collaborated with executive leadership to establish budgetary guidelines and allocate resources efficiently across the organization.
- Advised Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis.
- Oversaw the successful completion of external audits, addressing any recommendations promptly to ensure smooth operations.
- Fostered a culture of continuous improvement within the finance team, encouraging professional development opportunities for staff members.
Chief Financial & Operations Officer
Eau Claire Cooperative Health
11.2020 - 09.2024
- Led comprehensive oversight of finance department functions and maintained key relationships with regulatory authorities to ensure compliance and secure insurance coverage.
- Spearheaded team recruitment, training, and supervision, fostering a high-performance culture and effectively managed grants and reimbursement.
- Supervised meticulous preparation of regulatory reports and crafted organizational and grant budgets, ensuring fiscal compliance.
- Directed daily health center operations, collaborated on strategic planning, and aligned departments with the organization's mission and values.
- Advised on compliance issues, fostered transparent communication between clinical and administrative areas, and promoted a culture of quality and growth.
- Forged strong relationships with providers and staff, thriving in a dynamic, results-oriented healthcare environment while staying current with industry trends.
- Enhanced productivity through developing and implementing effective standard operating procedures.
- Analyzed performance metrics, identifying areas for improvement and implementing necessary changes.
- Coordinated and led meetings to inform management and stakeholders of operational challenges and suggested improvements.
Chief Financial Officer
Tandem Health
03.2017 - 11.2020
- Proficiently managed cash flow, investments, and asset portfolios, orchestrating financing strategies and maintaining key banking relationships to ensure timely fund availability.
- Utilized predictive models and financial analyses to provide valuable insights into organizational operations and business plans, facilitating meticulous annual budget preparation and crafting comprehensive financial business plans and forecasts.
- Formulated and implemented policies, procedures, and systems to enhance financial efficiency and compliance.
- Engaged and led the finance committee, securing approval for financial plans, investment strategies, and business plans.
- Managed and nurtured relationships with financial partners, including institutions, auditors, attorneys, and public officials, while staying current with relevant laws and regulations for Federally Qualified Health Centers (FQHCs).
- Provided strong oversight to the Accounting Department, ensuring proper accounting system functioning, robust internal controls, and compliance with federal, state, and local regulations.
- Achieved timeliness, accuracy, and consistency in financial and management reporting for funders and the Board of Directors.
- Collaborated with senior leadership to identify best practices and drive process improvements in revenue cycle management.
- Coordinated and participated in audits, ensuring timely tax return filing.
Director, of Ambulatory Finance
MUSC
02.2015 - 03.2017
- Directed the annual budget development and management for 54 ambulatory accounting units encompassing 12 service lines and surgical departments, overseeing a workforce of over 500 full-time equivalents (FTEs) and delivering actual net revenues surpassing $76 million.
- Pioneered and spearheaded a highly skilled financial organization dedicated to bolstering the operational efficiency of MUSC's ambulatory services enterprise and MUSC Health, while concurrently managing administrative services for the Doctors of MUSC.
- Operated at senior executive level, established financial metrics and accountability for short and long-term goals, led strategic planning, budgeting, financial reporting, and managed care contracts to drive growth and operational excellence.
- Played a pivotal role in evaluating practice valuations, joint ventures, and various business arrangements in ambulatory service delivery.
- Collaborated closely with operational leadership to enhance the revenue cycle, optimize group purchasing, plan and execute new business initiatives, and manage staff resources and expenditures efficiently.
Director, Ambulatory Finance & Operations
VCU Health
03.2011 - 02.2015
- Directed the annual budget for 60 ambulatory accounting units, including 11 service lines, ancillary and surgical departments, and a workforce of 656 FTEs, resulting in actual net revenues exceeding $93M.
- Championed the implementation of physician and FTE benchmarking and relief-factor metrics across outpatient departments, harnessing wRVUs and healthcare management resources.
- Streamlined and delivered consolidated monthly physician utilization reports, providing crucial forecasting insights, and acting as a pivotal liaison between Physician Leadership and Ambulatory Directors.
- Crafted financial models, long-term forecasts, and key measurement ratios in adherence to standard GAAP format, leveraging Cerner Modules for robust reporting.
- Offered strategic leadership for revenue cycle activities, optimizing the patient financial experience and executing processes related to admissions, pricing, billing, compliance, collections, and financial analyses, including third-party payer relationships.
- Monitored patient engagement metrics, including coding error rates and billing turnaround times, analyzed revenue cycle, and generated decision support reports, including proformas and profit/loss assessments.
- Provided in-depth financial support and analytical insights to Outpatient Clinic Managers, empowering them to make informed strategic business decisions and identify opportunities for cost-saving initiatives.
- Oversaw the transformation process within Ambulatory Care to achieve key objectives, including consolidating hospital-based clinics, integrating outreach clinics, merging clinical departments, and extending ambulatory care models to Telehealth Services for local inmates.
Director, Ambulatory Support Services
Navicent Health
01.2001 - 02.2011
- Oversaw a $37 million construction project for an ambulatory surgery center, managing proforma reporting, cost analysis, contract negotiation, and building design.
- Developed financial models, annual budgets exceeding $25 million, and variance reports, providing valuable insights to senior leaders and administration.
- Established a surgical supply database using Hyperion, Access, and VB query tools, producing proformas, profit/loss reports, and supporting cost-saving initiatives.
- Collaborated with Revenue Management to monitor high-cost implant cases and ensure adequate reimbursement, while conducting pricing analysis.
- Managed the patient charge audit process and designed a project plan for Cerner SurgiNet and PowerChart integration, streamlining electronic health records.
- Provided comprehensive financial and statistical information to department directors, senior management, and physicians, contributing to service line analysis, capital plans, cost accounting, and business plan development.
Education
Doctorate - Healthcare Administration/Organizational Leadership
University of Phoenix
Masters of Science - Health Science/Financial Management
Everest University
Bachelors of Science - Mathematics/Statistics
University of South Florida
Skills
- Leadership Development
- Strategic Planning and Execution
- Risk Management
- Financial Modeling
- Critical Thinking
- Grants Management
- Analytical Aptitude
- Team Collaboration
- Project Management
- Database Management
- EHR Integration
- Charge Master Systems
- GAAP Compliance
- Executive Leadership
- Operations Administration
Certification
- CHFP, Healthcare Financial Management Association
- LBBH (Lean Six-Sigma Black Belt Certification), Virginia Commonwealth University
- FACHE, American College of Healthcare Executives
Timeline
Chie Financial Officer
Coastal Community Health
09.2024 - Current
Chief Financial & Operations Officer
Eau Claire Cooperative Health
11.2020 - 09.2024
Chief Financial Officer
Tandem Health
03.2017 - 11.2020
Director, of Ambulatory Finance
MUSC
02.2015 - 03.2017
Director, Ambulatory Finance & Operations
VCU Health
03.2011 - 02.2015
Director, Ambulatory Support Services
Navicent Health
01.2001 - 02.2011
Masters of Science - Health Science/Financial Management
Everest University
Bachelors of Science - Mathematics/Statistics
University of South Florida
Doctorate - Healthcare Administration/Organizational Leadership
University of Phoenix
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