Mitchell Clay

Experience

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  NeighborCare Pharmacies Inc.

  Jan 1996 - Jan 1999

  Reimbursement Supervisor

   Managed billing and collections of infusion pharmacy services provided to over 175 nursing homes from Delaware to Florida. Performed billing and collections for home infusion patients Maintained accurate accounts receivable by posting daily cash deposits to patient accounts and performing month-end reconciliations.

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  Pricewaterhouse Coopers LLP

  Jan 1999 - Jan 2001

  Consultant, Healthcare Advisory Services

   Audited rebates paid to Pharmacy Benefits Managers on behalf of pharmaceutical manufacturers, employer groups, and group purchasing organizations for compliance with agreed upon terms in manufacturer contracts. Performed audits of pharmaceutical sales forces to ensure compliance with federal anti-kickback statutes. Performed risk assessments for pharmaceutical manufacturers subject to government review of pricing practices. Collected over $7,000,000 in outstanding accounts receivable for a broad spectrum of health care providers. Redesigned business office policies and procedures for physician practice of a 900 bed Academic Medical Center. Created patient access tool for 800 bed Academic Medical Center. Show less

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  Johns Hopkins Home Care Group Inc.

  Jan 2001 - Jan 2005

  Financial Analyst

   Managed the annual operating plan for divisions of Infusion Therapy Services, Home Medical Equipment, and Retail Pharmacies. Redesigned general ledger entries for Retail Pharmacies to resolve accounts receivable discrepancies of approximately $40,000 per month. Developed system to report profitability by product line for Infusion and Home Medical Equipment divisions. Participated in financial performance meetings with senior management to analyze monthly budget variances.

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  MedStar Health Inc.

  Jan 2005 - Jan 2007

  Senior Financial Analyst

   Coordinated consolidation of annual budget submissions from MedStar hospitals and other business units, analyzing trends for presentation to MedStar CFO and President. Prepared final Annual Operating Plan presentation for approval by MedStar boards and committees. Analyzed monthly budget variances for corporate departments and prepared narrative for inclusion in monthly financial report. Prepared and managed process for Three-Year and Ten-Year Financial Forecasts to be presented to MedStar committees and rating agencies. Analyzed return on investment submissions by MedStar entities requesting capital funds. Perform ad hoc financial reporting as needed by Finance leadership team Show less

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  LifeBridge Health

  Sept 2007 - Feb 2012

  Manager, Financial and Capital Planning

   Led the capital planning process for a $1 billion, 1,184 bed non-profit health system including creation of financial statements, balance sheets, and statement of cash flows to assess the potential impact of both executive strategy and environmental factors on operating performance, liquidity, and credit rating. Developed and implemented new methodology to accurately calculate contribution margin for hospital procedures and provide recurring profitability reports to senior management on physician and product line profitability. Created financial models to project financial impact of acquiring community physician practices ranging from solo practitioners to a 50+ physician, multi-specialty practices, including presentations to c-suite executives. Assisted in the development of the annual operating plan by meeting with departmental directors and maintaining staffing models for patient care units. Prepared and coordinated the submission of required legal and financial documentation for a $50 million debt issuance. Oversight and training for a team of two analysts providing recurring variance reports and ad hoc analytics to senior management. Show less

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  Remedi SeniorCare

  Feb 2012 - Apr 2013

  Director, Financial Planning and Analysis

  -Manage all aspects of preparing the annual and long range financial plans-Monthly budget variance reporting and forecasts for the Board of Directors and Senior Executives-Bi-weekly cash forecasting to measure available liquidity and performance against budgeted capital expenditures-Financial modeling for potential acquisitions and joint ventures

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  University of Maryland St. Joseph Medical Group

  Apr 2013 - now

  Multi-Specialty Network of over 200 physicians and advanced practice providers affiliated with the University of Maryland St. Joseph Medical Center, a member of the University of Maryland Medical System. The group includes primary care providers, specialists and surgeons in over 25 office locations in communities throughout the Greater Baltimore region.

  • Vice President of Physician Services

    Apr 2020 - now

  • Executive Director

    Apr 2013 - Apr 2020