Sneathgroup

SneathGroup, LLC provides executive level financial consulting and leadership services that include interim Chief Financial Officer Leadership, Financial/Operational transformation, and subject matter expertise on a per engagement basis. Engagements have been diverse and involved influencing critical decisions requiring high-level insight on strategic initiatives. These have included revenue enhancement and cost controls. Responsibilities have included: All corporate finance functions, all revenue cycle functions, all managed care contracting functions, all supply chain management, and procurement. These responsibilities have been for multi-entity for profit and not-for-profit environments. On multiple engagements, worked as member of the senior leadership team to dramatically improve financial performance within a year by focusing on operational efficiencies, expenditure control, and developing better decision support. • Increased net operating income from hospital operations for one organization by approximately $9.2 million. For another, reduced net operating losses from approximately $21 million to $1.2 million by improving decision support and identifying revenue enhancements. • In collaboration with the CEO, a special committee of the board of directors, and AdvocateAuroraHealth senior leadership, successfully identified and executed a plan for a major healthcare system to become the 100% owner of a medical center and owned provider practice. Essential elements of the plan included: Valuation, Payment Terms, Agreement in Principle, Definitive Agreement, Disclosure Documents, and Post Closing Activities. • Effectively led the completion of three years of required Audited Financial Statement Restatements necessary due to a government payor billing compliance issue. • Oversaw major re-billings of medical services inappropriately billed to a government payor and internally identified as a major billing compliance issue with state regulations.