Solutions in Healthcare Financial Management
Merlyn Knapp serves as Interim CFO and Controller for hospitals and physician group practices. In this position, Merlyn Knapp develops and implements operations, turns around plans resulting in cash acceleration and reduced operating expenses, and improves EBITDA for hospitals and physician group practices. Merlyn Knapp has completed projects that have resulted in improved cash flow ranging from $600,000 to $2.0 million and increased EBITDA of $400,000 to $2.0 million. Additionally, Merlyn Knapp has designed and implemented revenue cycle strategies for hospitals and physician practices, resulting in improved management of billing and collection systems and increased cash flow. His completed projects have generated increases in total value of more than $1.7 million. Merlyn Knapp’s finance plans include bond issues, short-term credit facilities, and leasing arrangements for building expansion, hospital and equipment acquisition, new construction, and renovation projects. Merlyn Knapp also completed projects that have resulted in financing arrangements totaling more than $100.0 million, negotiated payment schedules for managed care and other third party payer contracts, and completed projects that have contributed more than $5.0 million increased reimbursement. In this ownership role, Merlyn Knapp created strategic planning and budget tools for performance measurement, completed projects that have resulted in development of Strategic Business Plans and Operating and Capital Budgets, and developed feasibility studies used to evaluate business expansion or acquisition. Merlyn Knapp’s completed projects have included preparing Net Working Capital schedules, hospital statistical and financial information, and Strategic Business Plans used in merger and acquisition activity of hospitals. Merlyn Knapp also mentors and trains staff for position promotion and performance improvement.