Tim Hedrick

Background

About Tim Hedrick

A CAREER OF DRIVING CHANGE TO TAKE COMPANIES TO THE NEXT LEVEL I’m a customer centric, bottom-line focused Operations and Finance Executive who thrives on developing a strong team and aligning strategies with overall organization mission, vision, and goals. My experience spans diverse industry sectors including life sciences, manufacturing, and financial services across start-up, turnaround and high-growth enterprises. My early background in auditing and accounting provides me with a unique, 360-degree perspective that enables me to anticipate issues and identify opportunities to improve processes, revenue, productivity, and profitability. Career Highlights Include: STRATEGIC PLANNING | FINANCIAL MANAGEMENT — Leveraged audit experience to identify nonperforming and underperforming areas; restructuring departments to align with senior leadership strategy and vision. Dissolved a nonproducing department, and outsourced IT services for patient data protection, reducing costs 25% and 50% respectively, and worked with the laboratory and revenue cycle management teams to update billing and diagnostic codes to reduce billing rejection, improving profitability by 20%. Raised private equity capital to launch a medical laboratory without diluting shareholder equity. INTERNAL AUDIT l COMPLIANCE — Developed an audit framework consistent with company objectives and regulatory guidelines. Facilitated the audit portion of a 6-month Consumer Financial Protection Bureau (CFPB) audit resulting in no fines. Presented quarterly audit reports and process improvement recommendations to the Board of Directors. Regarded as a trusted advisor and key member of the senior leadership team. OPERATIONS | PROCESS IMPROVEMENT — Executed turnarounds of under-performing companies to profitable, thriving enterprises, including revenue cycle management process changes that drove a 400% revenue increase. BUSINESS DEVELOPMENT — Introduced new clients to LabPartner LLC that rapidly accounted for 40% of total sales volume. Created a new vertical for Alpha Therapeutics in response to prospect rejection surveys, doubling the company’s revenue within 12 months. Implemented a CRM system to manage leads from initial contact thru point of sale. Created processes to strengthen relationships with key customers. When I’m not working, I enjoy devoting my time to volunteer activities that foster a sense of gratitude and deepen my relationships with friends and family. I can be reached directly at:+1.480.330.4294 timhedrick@live.com