Melissa Walter
Blockton,IA
Summary
Proficient Chief Financial Officer knowledgeable about financial leadership and operational challenges in Critical Access Hospitals. A resourceful and analytical decision-maker adept at implementing strategic business plans and improving operations.
Overview
17
17
years of professional experience
1
1
Certification
Work History
CHIEF FINANCIAL OFFICER
Ringgold County Hospital
01.2019 - 03.2024
- Enhanced profitability with cost reduction initiatives, such as renegotiation of supplier contracts and process improvements.
- Conducted detailed analysis of company financial information to drive internal and external financial reporting, stewardship of company assets and ownership of cash management.
- Developed and oversaw yearly budgets and capital structure of company to determine best mix of debt, equity, and internal financing.
- Monitored key business risks and established risk management procedures.
- Oversee all entries to the General Ledger, Accounts Payable, Payroll, and Fixed Assets
- Monitor departmental charges and the overall financial strength of each department
- Evaluate reasonableness of bad debt and contractual allowance entries and adjust as needed
- Invest hospital funds in accordance with the investment policy
- Responsible to complete all necessary reporting for the COVID-19 Stimulus funds
- Report yearly compliance requirements for bond issuance
- Gather data and prepare work papers for the yearly cost report and audit
- Work with department managers to complete the yearly budget
- Asses insurance needs and review coverage for employee health, dental, and vision insurance as well as hospital general liability, professional liability, property, auto and worker’s compensation policies
- Review and negotiate contracts
- Report financial information to the Board of Trustees
- Mentor staff and work through employee issues in a calm and fair manner
CONTROLLER
Ringgold County Hospital
08.2016 - 12.2018
- Prepared monthly journal entries
- Completed monthly Payroll reporting for IPERS and state and federal payroll taxes
- Assisted in preparing audit work papers and yearly budget projections
- Set up fixed assets and monitored depreciation expense
- Oversaw Account Payable
CHIEF FINANCIAL OFFICER
Clarinda Regional Health Center
03.2009 - 07.2016
- Successfully secured and monitored financing of $23M replacement facility
- Ensured compliance according to the terms of the bond indenture and USDA loan requirements
- Reviewed the reconciliation of accounts and preparation of entries for month and year end
- Analyzed bad debt, contractuals, charity care, and other proposed write-offs; making adjustment when needed
- Oversaw the Fixed Asset report
- Reported monthly financial and statistical information to the Finance Committee and the Board of Trustees
- Prepared audit worksheets and compiled data for cost report
- Prepared annual budget
- Provided education to managers on interpretation of monthly reports regarding General Ledger activity including supply expense and payroll
- Worked with managers to establish reportable daily statistics
- Established bi-weekly productivity reports by department based on worked hours and reportable stat
- Reviewed and negotiated contracts regarding insurance payors, service agreements and other purchased services
- Oversaw activity regarding all lines of hospital insurance coverages: Gen Liability, Property, Auto, Professional Liability, Crime, Worker's Compensation, Directors and Officers, Health, Dental, Vision, and Voluntary Life
- Established and monitored cash handling and inventory procedures of the Auxiliary Gift Shop
- Served on the Compliance and Quality committees
- Attended Lean departmental huddle
- Direct reports included Accountant, Business Office Manager, HIM/Medical Records Manager, and Materials Management Manager.
CHIEF FINANCIAL OFFICER
Decatur County Hospital
08.2007 - 03.2009
- Supervised Accounts Payable/Payroll, Business Office, Materials Management, and HIM/Medical Records
- Reconciled accounts and prepared entries for month and year end
- Analyzed bad debt and contractuals and made adjustments as needed
- Entered Fixed Assets into the system as needed
- Prepared audit worksheets and compiled data for cost report
- Prepared annual budget
- Reported monthly financial and statistical information to the Board
- Served on the Compliance committee.
Education
Master of Accounting And Financial Management -
Keller Graduate School of Management, DeVry University
10.2014
B.S.B.A. in Finance and Insurance -
Drake University
Des Moines, IA05.1998
Skills
- Operational Analysis
- Process Improvement
- Budget Planning
- Service Line Forecasting
- Cash Flow Management
- Approachable Leader
References
Available upon request
Training
- Lean: Huddles, Process Change Alerts, and Improvement Opportunities
- Crucial Conversations
- Strength Finders
- Employee Engagement
Certification
- Paragon/Allscripts & CPSI EHR systems
- Microsoft Office
- Outlook, Teams, Zoom
Timeline
CHIEF FINANCIAL OFFICER
Ringgold County Hospital
01.2019 - 03.2024
CONTROLLER
Ringgold County Hospital
08.2016 - 12.2018
CHIEF FINANCIAL OFFICER
Clarinda Regional Health Center
03.2009 - 07.2016
CHIEF FINANCIAL OFFICER
Decatur County Hospital
08.2007 - 03.2009
Master of Accounting And Financial Management -
Keller Graduate School of Management, DeVry University
B.S.B.A. in Finance and Insurance -
Drake University
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