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- Engaged by a company to assist with the duties of its financial accounting areas. Supervised a reconstruction of the company's property and equipment records and directed all of its accounting functions. Prepared an analysis of the company's current and future cash needs, assisted it in the preparation of projections and assisted company management in negotiations with their bank and potential investors, resulting in the successful recapitalization of the company.
- Prepared process documents to identify operational improvements and assisted in the implementation to redesign back office operations of a Durable Medical Equipment (DME) organization. This publicly traded company engaged us to perform a back office redesign to improve overall efficiency and the collection of accounts receivable. Our work consisted of performing comprehensive interviews with the individuals involved in the process, documentation of existing processes and procedures and development of new processes and procedures. We also established policies and procedures and increased overall recovery of outstanding accounts receivable.
- Worked on behalf of the board of directors of a national chain of bowling centers to assess the current state of the business and determine both short-term and long-term strategies to stabilize and turn around operations. Evaluated corporate expenditures and identified opportunities to reduce corporate overhead by over $2,000,000 per year. Developed a cash flow model to facilitate cash management and forecasting. Facilitated the development of individual business plans for each of the 106 centers in the chain, assessed management’s ability to execute the plans and assisted senior management in making the necessary management changes at the center level.
- Developed the program management policy & procedure manual for a pharmaceutical company’s capital projects. The manual was developed to guide the owner’s internal engineering & construction project managers and support staff through the process of budget development and approval, procurement of engineering and construction service providers, fiscal management of the service providers and management reporting on the design and construction progress.
- Prepared a complex financial model to assist a 12 hospital region in southern California related to SB1953. We were engaged to work with architects to determine the cost of meeting the California law and determining how the hospital region could fund the costs. The model was designed to identify both revenue and costs in eight different inpatient service disciplines and also took into consideration changes in the hospital operating structures. The final model provided management with the feasibility of funding these changes through operations and the implications to the organizations financial health.
- Assisted the Los Angeles County Metropolitan Transportation Authority to enhance their rail construction program and processes. We performed an operational and risk assessment review of the transportation authority’s cost, schedule, quality and safety programs regarding their underground and light-rail program’s design, construction, testing, start-up and operational activities. We reported our findings to the transportation authority’s board. Our recommendations included significant revisions to the design, cost control, budgeting, planning and quality procedures being employed by the transportation authority and its agents (engineering management consultant and construction management consultants).
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