Jared Graves
DeRidder
Summary
To obtain a position where I can contribute to the success and growth of the organization through my years of experiences and knowledge while continuing to expand my skills in an exciting and challenging environment. Professional with several years leading financial planning and oversight in harmony with executives. Seasoned expert with well-rounded background effectively guiding various financial projects and processes. Demonstrated strengths in forecasting, reporting, and special project activities to support executive decision-making. Highly adaptable to accomplish goals in fast-paced environments. Seasoned Chief Financial Officer with a track record in strategic financial planning, risk management, and operational efficiency. Possess strong leadership skills, demonstrating effectiveness in managing cross-functional teams to achieve corporate objectives. Made substantial impact on previous companies by improving financial systems and implementing cost-saving strategies. Known for integrity, diplomacy, and ability to navigate complex business situations.
Overview
21
21
years of professional experience
1
1
Certification
Work History
Regional Chief Financial Officer
AHM
10.2018 - Current
- Regional CFO (2018-2020), Corporate CFO (2020-2023), Regional CFO (2023-current) - Supervision and management of five to eleven Acute Care and Critical Access Hospitals, plus over 70 clinics, including Fee For Service and Rural Health Clinics. Also assisted with home health, inpatient psych, and inpatient rehab services, both as departments of hospitals and freestanding.
- Review of financials for opportunities of improvement in operations and/or accuracy while working with facility hospital staff to improve knowledge of processes, procedures, and policies.
- Worked with facility C-Suite leaders to improve financial outcomes through overall revenue growth opportunities, eliminating lost revenue, cost reductions, and service line reviews. Including reviewing all processes from Scheduling through collections to ensure no loss of revenue and reducing the time between revenue recognition and cash receipt.
- Also, review expenses, comparing them to like facilities and national averages, to find areas of potential savings. Worked through productivity management by department with various leaders. Improved routine contractual reviews for potential terminations, negotiations of lower prices on same/renewing terms, and/or new products for the same price.
- Ensure any vacancies in facilities within the company had coverage during recruiting of replacements. Consisted of my staff covering, and/or me filling in where necessary. Also covered supervisors' position during leave to ensure investors, banks, and other senior leaders were responded to timely.
- Worked with other divisions, including post-acute, free-standing facilities, and non-healthcare entities when needed. Developed revenue processes, projection templates, and evaluation tools to ensure smooth operations.
- Worked with both regional-level and facility-level staff to improve training and reviews and to develop structure at the corporate level for support services. Started corporate oversight for HIM, Revenue Cycle, Charge Master Review, and Payer contract reviews to improve operations at facility level.
- Transitioned Case Management over from Nursing supervision to Finance, with a direct relationship continued with nursing leaders to ensure both patient care and financial improvement. Worked with the leader of each area to develop job duties and expectations for newly developed positions. Worked with all staff to push out standardized processes and requirements throughout the company to improve overall financial outcomes.
- Standardize accounting processes and timing to ensure all facilities were using the same contractual accrual processes, closes were completed timely, reports standardized outside of the accounting system.
- Along with the Regional Revenue Cycle Directors, developed an internal, centralized business office plan utilizing a hybrid approach to improve the availability of qualified business office staff for all hospitals and clinics. Improved collections by 23% on same-store gross revenues.
- Negotiated contracts to reduce facility and equipment maintenance, saving the company an estimated $800k per year.
- Contracted temporarily with an outside company to aid in comparing facility department-level staffing against like-size facilities and national best practices to find areas of opportunity for improvements. Results varied per facility, depending on volume and size, resulting in potential savings between $500k and $2M a year.
- Collaborated with all senior leaders at corporate and on any projects to ensure timely completion and accuracy for data submitted to entities outside of the company.
Chief Financial Officer
Byrd Regional I
08.2014 - 10.2018
- Involved with all facets of the financial and operational aspects of the healthcare facility, consisting of a 60-bed hospital, 15 employed physicians, and 259 FTEs, with combined net revenue of $35m.
- Direct supervision of Accounting, Business Office, Admitting, Scheduling, Materials, Information Systems, Case Management, HIM, and CDI.
- Worked through transition with managers in six departments throughout tenure. Filled in where necessary and appropriate to ensure continued departmental activity at all times.
- Trained and promoted accounting staff to ensure accuracy of data and provide growth opportunities for team members. Hosted beginner-level Excel classes for manager-level staff at the facility. Reviewed and provided process improvements to the Business Office's daily review and balancing process.
- Developed, proposed, and implemented market adjustments in pay structures to be competitive with existing competition. Analysis included variations of moving the pay scale to higher starting points and different schedules of pay based on experience.
- Successfully improved hospital only margin as a percent of net revenue by 5.8% in 2017 through expense reductions.
- Salaries, benefits, and contract labor reduced by over 3%, supplies reduced by 1.3%, and purchased services reduced by 0.3%, all as a percent of net revenue.
- Provided financial analysis for all proposed operational changes and/or improvements to ensure a positive return on investment.
- Performed analysis on existing service lines to identify areas of improvement and/or services that resulted in negative impacts on
Assistant Chief Financial Officer
College Station Medical Center
05.2012 - 08.2014
- Involved with all facets of the financial and operational aspects of a healthcare facility consisting of a 167-bed hospital, 40 employed physicians, clinics, and 800 FTEs, with a combined net revenue of $120M.
- Created annual department and facility-level budgets. Compiles and reviews monthly financial reports, including income statements and balance sheets, with reconciliations.
- Completed contractual review and accrual process to ensure accuracy and proposed changes to the corporate revenue cycle department.
- Worked with the CFO to develop, propose, and implement market adjustments to pay structures to be competitive with existing and incoming competition. Analysis included variations of moving the pay scale to higher starting points, altering the shift differential structure, and retention bonuses for select employee groups and managers.
- Improved Business Office operations, including transition of director. Through a corporate improvement action plan, we worked to transition the Business Office operations to a new centralized billing office.
Financial Manager
Byrd Regional Hospital
08.2009 - 05.2012
- Direct assistant to the CFO for a 60-bed hospital with physician clinics and joint venture surgery center producing net revenues of $60M per year.
- Worked closely on all aspects of finances, with primary focus on Revenue Cycle and Accounting, to ensure improvements in all financial areas from Registration through HIM to Billing and Collections from the Business Office.
- Produced all documents for corporate routine reporting and special request. This included projected mid-month and pre-close financials. Produce department and hospital level budgets yearly.
- Internally provided expense analysis of payroll trends, supply cost, contract reviews, and capital expenditure request. Compiled profitability analysis of services and procedures.
- Completed all various reports for external organizations. Organized internal audits to ensure timely completion, with all documents provided remotely and ready for onsite reviews.
- Filled in as Controller for Hill Regional Hospital in Hillsboro, TX at the request of CHS corporate office for four months. While on location, helped to improve month-end closing process and reduce the time required to complete close, including all reconciliations of Balance Sheets and Bank Accounts.
Accountant
Rapides Regional Medical Center
04.2007 - 07.2009
- Completed portions of daily, weekly, and monthly reporting and close processes of a 314-bed hospital with multiple campuses and clinics.
- Duties included reconciling and accruing contract labor, compiling and analyzing departmental stat reports, working with departments to reconcile abnormalities or errors, reconciliations of general ledger accounts receivable accounts between third-party billers, cash receipts, and system reports.
- Supplied management with projections of contract labor expenses and various other stats. Compiled weekly estimates of overtime for expense control.
- Worked to automate any processes possible to reduce errors and improve productivity for the department while optimizing the use of Business Objects and Excel.
- Worked with outside agencies, internal, and external auditors to complete monthly and yearly reporting requirements.
Financial Analyst
Alliance Compressors
01.2005 - 03.2007
- Worked as a contract accountant from Oct to Dec 2004 before becoming a full-time employee.
- Responsible for the weekly and monthly close process, including creating and submitting journal entries; calculating conversion cost per piece; profit and loss calculation; reconciliation of travel advances, balance sheets, purchased orders; and monthly comparison of departmental expenses.
- Ensured audits of inventory transactions or counts were properly completed, the development of company policies and procedures to ensure compliance, and verifying and approving purchase orders and storeroom requisitions.
- Provided material analyst with reports for reconciliation of unmatching interplant transfers and invoices with no receipts.
- Organized and led cost reduction programs. Included setting up challenges and goals for team leaders, and displays for all the facility employees to see.
Education
Bachelor of Science - Accounting, Business Administration
Northwestern State University
Natchitoches, LA12.2004
Skills
- Proficient with MedHost, AS400, and HMS
- Skilled in Athena Billing for clinic management
- Proficient in data analysis and presentation tools
- Proficient in Quicken and QuickBooks
- Quickly adapts to new software
- Process optimization
- Data-driven analysis
- Accurate documentation practices
- Financial statement preparation
- Documentation standards
- Strategic infrastructure planning
- Financial budget planning
- Cost control strategies
- Financial accounting principles
- Compliance with regulations
- Risk assessment expertise
- Financial forecasting
- Senior-level recruitment
- Financial strategy development
- Financial planning
- Effective team leadership
- Assessment of performance metrics
- Team leadership in program execution
- Data-driven forecasting
- Effective report generation
- Infrastructure development
- Controls oversight
- Audit process facilitation
- Cross-departmental team leadership
- Financial management
- Comprehensive reporting capabilities
- Expense reduction techniques
- Skilled in financial analysis
- Financial statement preparation
- Cost control management
- Development of financial policies
- Experience in mergers and acquisitions
- Budget planning
- Audit oversight
- Strategic financial analysis
- Adoption of fintech solutions
- ERP software integration
- Working capital management
- Cash flow analysis and management
- Operational analysis and decisions
- Regulatory requirements
- Fiscal management
- Knowledge of accounting principles
- Data-driven forecasting
- Streamlining financial processes
- Business valuation techniques
- Collaborative strategic planning
- Adaptability through continuous learning
- Team leadership in program execution
- Skilled in facilitating change initiatives
- Accounting administration
- Financial communication oversight
- Regulatory Compliance Knowledge
- Infrastructure development coordination
- Knowledge of corporate governance practices
- Understanding of accounting principles
- Expense management strategies
- Analytical thinker
- Senior leadership experience
- Revenue and expense analysis
- Commitment to delivering results
- Workflow refinement
- Financial budgeting
- Workforce development initiatives
- Financial management expertise
- Strategic business development
- Change process optimization
- Effective business planning
- Operational management
- Board communication
- Team collaboration
- Organizational change facilitation
- Organizational culture
- Responsive to changing needs
- Measurable goal planning
- Motivational leadership skills
- Management team oversight
- Expenditure forecasting
- Collaborative teamwork across functions
- Mentorship and coaching
- Experience in mergers and acquisitions
- Strong work ethic
- Talent acquisition
- Program management
- Proficient in contract negotiation
- Procedure implementation
- Performance improvement management
- Strategic organizational planning
- Engaging leadership style
- Workforce coordination
Affiliations
- HFMA
- Louisiana HFMA – assist in committees to select criteria to be presented during various conferences.
Certification
- MOUS (Microsoft Office) certification - strong knowledge of Word, Excel, and Power Point
- Certified Specialist Accounting and Finance – HFMA
- Certified Specialist Business Intelligence - HFMA
Timeline
Regional Chief Financial Officer
AHM
10.2018 - Current
Chief Financial Officer
Byrd Regional I
08.2014 - 10.2018
Assistant Chief Financial Officer
College Station Medical Center
05.2012 - 08.2014
Financial Manager
Byrd Regional Hospital
08.2009 - 05.2012
Accountant
Rapides Regional Medical Center
04.2007 - 07.2009
Financial Analyst
Alliance Compressors
01.2005 - 03.2007
Bachelor of Science - Accounting, Business Administration
Northwestern State University