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MATILDA O. SALAKO, CPA, MBA
5430 Benttree Way Cell: 925.565.8715
Antioch, CA 94531 Email: anike22@aol.com
Focus: Healthcare Administration ~ Professional accounting ~ Business development
Strategically minded and Creative Thinker with Global Perspective
Background in S-Corps/C-Corps/Not-for-profit organizations
Able to make bold decisions with remarkable impacts on the organization
Remarkably talented, result-driven professional offering over fifteen years of experience in healthcare finance, corporate accounting, strategic planning and budgeting, investment management, service development and strategic business unit analysis. Excellent record increasing financial performance through dynamic leadership, process design and re-design, as well as internal control analyses.
Great passion for continuous quality improvement, financial compliance programs in accordance with GAAP and GAAS, complex performance-related financial analysis, work flow design, physician practice and financial business system management.
Professional Strengths
Strategic Planning Organizational Change
Large Scale Change Management Mergers and Acquisitions
Revenue Cycle Management Strategic Partnership
Business Process Reengineering Intellectual Capital Development
Corporate Development Quality Management
Technical skills include working knowledge of MS, Sage, Great Plains, FRX, QuickBooks, Misys, & IDX applications.
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EDUCATION
Post-baccalaureate, University of the East Bay, Hayward, CA
Concentration: Accounting
MBA, Golden Gate University, San Francisco, CA
Concentration: Health Services Management
Bachelor of Science, University of Ibadan
Concentration: Physiology
CAREER TRACK:
INTEGRAMED AMERICA, INC. /REPRODUCTIVE SCIENCE CENTER, CA: 2008 – 2009
A Conglomerate of Fertility Health Programs
Executive Director
Directed and provided executive oversight of the revenue cycle, clinical operations, IVF laboratory, business development, human resources and information technology teams. I successfully directed business operations through financial analyses that moved the corporation in a new dimension of financial accountability and viability. Re-negotiated payer contracts and established new contracts for revenue optimization. Developed and managed budgets and provided monthly forecast of key performance indicators.
Enhanced revenue sources through the establishment of the ambulatory surgery center and improved billing practices fro revenue optimization. Implemented billing processes that reduced days in accounts receivable and cleaned up thousands of dollars in aged receivables. I played a key role in the development of physician compensation plans and physicians’ professional corporation accounting.
- Established an Ambulatory Surgery Center for improved care pathways and enhanced revenue.
- Developed and managed a $12M budget operation with remarkable financial and operational results in a challenging economic environment.
- Pioneered physician-billing training and communication programs in the phase of rapidly changing payer mix with financially favorable results in DSO, bad debt ratio and other accounting metrics.
PETALUMA HEALTH CENTER, CA: 2006 – 2008
A federally qualified healthcare center – Non-profit
Chief Financial Officer
Pioneered departmentalized accounting, reporting and financial analysis that moved the corporation toward a new dimension of financial accountability and viability. Re-vamped the chart of accounts in compliance with governmental reporting requirements and established accuracy in resource allocation.
Enhanced revenue sources by establishing new service lines and creatively expanding existing service lines. Implemented billing processes that reduced days in accounts receivable and cleaned up thousands of dollars in aged receivables.
- Took over troubled billing operations, attained buy-in across revenue cycle with impeccable results in cash flow and operational efficiency.
- By taking over the required state and federal reports, eliminated outsourcing the reports and saved thousands of dollars in consulting fees.
- Pioneered physician-billing training and communication programs resulting in a paradigm shift in the medical providers’ approach to patient encounters
PACIFIC WOMEN’S OB/GYN MEDICAL GROUP, INC., CA: 2002 – 2006
A medical group of leading practitioners in the Bay Area
Administrator
Tackled monumental challenges to create a corporate structure and turned around the medical corporation increasing shareholder base by over 100%. Recognized as pivotal within company hierarchy.
Re-designed the revenue recognition and expense allocation methods, thereby enticing new physicians and doubling shareholder population within one year.
- Instituted result-driven financial programs which increased profitability by over 40% and doubled the number of shareholders within one year of employment.
- Led a corporate development process which led to 200% increase in revenue.
- Streamlined and maintained impeccable accounting process with a 100% improvement in corporate accounting system and more equitable K1.
- Led billing system implementation that handles millions of dollars in revenue.
COMPCARE INC, CA: 2000 – 2001
Consulting services for hospitals
Director of AR/Systems Administrator
As a visionary able to articulate challenges and identify solutions, my quick assessment of the client’s financial challenges and recommendations for change earned me an invitation to the senior executive committee meetings and reputable commendations of my contributions to the client’s financial success.
- Developed systems that enhanced physician and facility delivery systems increasing revenue tremendously.
- Conducted financial analysis with detailed assessment across service lines thereby strengthening business growth.
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