Martin D. Watt, CPA

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PROFESSIONAL BACKGROUND

·         Twenty years experience with ten years at senior management levels with standalone and multi-facility, multi-state organizations, both proprietary and not-for-profit.

·         Expert in process improvement, regulatory compliance and internal control.

·         Excellent small group facilitation, communication, problem solving, team- and consensus-building skills.

 

PROFESSIONAL EXPERIENCE

Iasis Healthcare, Franklin, Tennessee 

Assistant Vice President of Physician Operations 

2008 - Present 

Responsible for building backoffice infrastructure and operations oversight for employed physician practices, including central business offices. 

  • Created, implemented and managed central business office operations in each major market. 

  • Created, implemented and managed accredited Central Verification Office for physician credentialing.

 

 

Total Care Management Associates, PLLC, Las Vegas, Nevada

Vice President of Operations

2007 – 2008

Responsible for building backoffice infrastructure and operations oversight for physician services company focused on inpatient hospital care.  Directly responsible for Nevada market, and oversight responsibilities for Arizona, Texas and Florida markets.

  • Brought billing in-house, reducing cost and providing an opportunity to improve collections
  • Developed and implemented physician recruitment, compliance, HR and credentialing programs
  • Developed and implemented company-wide communications plan and report structure

 

Martin D. Watt, CPA

Private Practice – Healthcare Management Consulting

1993 – 1997, 2004 – 2007

·         Provided internal audit support for 52-hospital acquisition, evaluating opening balance sheets, advising on purchase accounting implications, and issues relating to consolidation of joint ventures under ARB 51 and FIN 46 as published by the Financial Accounting Standards Board.  Also served as Transitional CFO and lead consultant for healthcare acquisitions and related integration issues for a regional home health provider and non-urban acute care hospital, transitioning policies, procedures and strategic focus to proprietary system ownership.  Included budget preparation, forecasts, capital needs analysis and conversion to standard information systems. (Community Health Systems – Corporate, Tennessee, Illinois)

·         Sarbanes-Oxley Technical Specialist for a publicly-traded global pharmaceutical testing company (clinical research organization), and assisted in other internal audit functions.  Focused on documentation, analysis of internal control weaknesses and design/execution of global work plans, including remediation of control weaknesses.  (Kendle International, Inc. - Ohio)

·         Consultant for rehabilitation, ambulatory surgery, and long-term acute care facility operator, performing comprehensive review of operations and cash flows for compliance with regulatory and statutory bodies under the terms of a corporate integrity agreement. (HealthSouth – Alabama)

·         Lead consultant for large multi-specialty physician practice associated with large regional medical center, reviewing for coding, compliance and billing issues along with comprehensive revenue cycle review.  (Memorial Health University Hospital – Georgia)

·         Transitional CFO for critical access hospital with affiliated 8-physician practice and Rural Health Clinic.  (Ionia County Memorial Hospital/Sparrow Health – Michigan)

·         Transitional CFO for national for-profit specialty healthcare providers, serving 9 facilities in 9 states.  Particular success in restructuring revenue cycle and financial operations to achieve aggressive cash flow targets, achieving as much as 300% increase in cash flow over a five month period.  Major responsibilities included transitioning acquisitions, turnaround operations, restructuring of management and staff responsibilities, budget preparation and staff training, along with forecasting and projections.(Psychiatric Solutions, Inc. - Texas, Utah, Colorado, New Mexico, New Jersey, Pennsylvania; ARTC, Inc. – Tennessee and Missouri; Community Psychiatric Centers – Kansas)

·         Managed discontinued operations of 22 healthcare facilities in 7 states, with emphasis on accounts receivable.  (Hospital Corporation of America Psychiatric Company - Louisiana, Florida, California, Wisconsin, Texas)

 

Hospice of Dayton, Inc., Dayton, Ohio

Chief Financial Officer
2001 - 2004

 

Responsible for overall financial oversight and management of multi-location organization as part of senior management team.  Also responsible for information technology and systems, and risk management departments. 

·         Facilitated turn from $3.7 million operating loss to $1.1 million operating surplus in first year.

·         Restructured financial reporting systems to produce data based decision-making support system.

·         Planned and executed system integration plan for mission critical and financial systems.

 

Mercer Capital Management, Inc., Memphis, Tennessee

Senior Financial Analyst
1999 - 2000

 

Provide valuation services of long-term healthcare clients, commercial broadcast organizations and publication/media distribution outlets, as well asset holding companies (including family limited partnerships).  Provided transaction advisory support for healthcare clients.  Supported litigation issues in tax, family law and civil cases, and valuing disputed interests in dissenting shareholder legal actions.

·         Instructed junior analytical staff in long-term healthcare reimbursement methodologies.

·         Wrote articles for firm publications and national professional journals.

Deloitte & Touche llp, Nashville, Tennessee

Consulting Manager

1997 - 1998

 

Provided consulting services in Enterprise Integrity and Risk Assessments, Compliance and Internal Control Systems, Process Improvement and Strategic Planning for national healthcare clients.  Formal training in small group facilitation and presentations through Control Self Assessment methodology.

·         Project team member in devising methodology for the structure and implementation of an operationally integrated compliance program for a large, newly merged academic medical center. 

·         Led project and presentation team in developing and presenting strategic information systems integration plan for a small rural medical center, resulting in tighter internal control and stronger system reliability.

·         Created compliance program benchmarking presentation for the nation’s largest non-profit HMO/Provider.

 

Hospital Corporation of America, Nashville, Tennessee 1988 - 1993

Chief Financial Officer, HCA University Pavilion, Tamarac, Florida              1991 - 1993

Assistant Controller, HCA Indian Path Pavilion, Kingsport, Tennessee         1989 - 1991

Audit Staff, HCA Internal Audit, Nashville, Tennessee                                   1988 - 1989

 

Arthur Andersen & Co., Audit Staff, Nashville, Tennessee                                                    

1986 - 1987

 

PROFESSIONAL AFFILIATIONS

Member, AICPA and TSCPA, 1989-Present

Member, Healthcare Financial Management Association, 1991-Present

Member, National Council of Hospice and Palliative Care Professionals, 2001-Present

 

EDUCATIONAL BACKGROUND

BBA, Accounting (cum laude), Middle Tennessee State University, Murfreesboro, Tennessee

Tennessee CPA Certificate No. 9815 (inactive)

Ohio CPA Certificate No. CPA.45032 (active – expires 12/31/2008)

Certificate in Hospice Administration Program, November 2003

 

SPEAKING ENGAGEMENTS AND PRESENTATIONS

“Computer Conversions”, Kentucky Chapter, Healthcare Financial Management Association Fall Institute, 1997.

“Electronic Medical Records”, Kansas Healthcare Information and Management Systems Society, 1997.

“Cost Containment in Hospice Organizations”, National Hospice and Palliative Care Organization Management and Leadership Conference, 2003.

“Your Financial Toolbox”, National Hospice and Palliative Care Organization Management and Leadership Conference, 2003.

 

AWARDS AND ACTIVITIES

Who's Who in Finance and Industry, Who's Who Among American College and University Students, MTSU Student Body Senator and Treasurer, numerous other University awards and activities