Michael Tarabay
Director General /Chief Executive Officer - AmeriMed Hospitals
Henrico, VA
Work Experience
Director General /Chief Executive Officer
March 2010 to Present
Mexico City
AmeriMed Hospitals are located on the beaches of Mexico, Cancun, Puerto Vallarta, Cabos San Lucas, San Jose del Cabo and Clinic in Los Barriles
Hospitals AmeriMed (Mexico)
Director General /Chief Executive Officer
4 Hospitals, 41 beds, 215 employees
Grew revenue from 8% last year to 28% in 2010
Patients increase by 10.82%
Cost decreased by 20%
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Director General / Chief Executive Officer
January 2007 to Present
In a 70 bed; 411 employee; $25MM net revenue facility, strategically repositioned the hospital from a womens hospital to a general acute-care hospital by adding the following services: cardiology, including cath lab and open heart surgery; kidney transplant; dialysis and stem cell treatment resulting in EBITDALM % of Net Patient Revenue: 2007, 19.9%; 2008, 19.6%; 2009 YTD: 23.3%
• Effectively managed working capital by reducing A/R days from 45 to 27 days, inventory days from 70 to 37 and A/P from 135 to 85 days
• Achieved Joint Commission International accreditation under the new 2008 patient safety standards and demonstrated compliance with 99.9% of the standards, the highest percentage completion in all of Latin America
• Instituted daily safety report and improved incidence reporting by 500%--the most reports of any hospital in the company
• Increased insurance/private pay ratio from 60/40 to 80/20 through successful contract negotiations
2007 to Present
Dallas, Texas 2007 to Present
International Hospital Corporation is a Texas company that owns and operates high-quality healthcare facilities throughout Latin America. With a U.S. based management team and assets in Mexico, Costa Rica and Brazil, IHC is uniquely positioned as the sole Pan-American leader in hospital based healthcare.
IHC manages eleven acute-care private hospitals: eight operating hospitals and three hospitals under development. Each hospital is modeled after state-of-the-art facilities in the United States, providing a full range of basic and sophisticated surgical, emergency and diagnostic services.
Chief Operating Officer
2002 to 2006
Assistant Administrator
Executive Director Business Operations
Director Managed Care
• Established hospital as LifeCare Management Services flagship facility (#1 of 18 facilities)
• Grew annual net income from $2 million to $10 million, making it the most profitable acute care hospital in the greater Pittsburgh region with a 20%+ operating margin
• Assessed, developed and implemented strategic plan for reimbursement that resulted in a profit the first year. Acquired an additional $1.6 million revenue in first six months of employment
• Exceeded budget by 22% in 2004 and 16% in 2005
Senior Account Manager
1991 to 2002
Sales team won sales contests 5 years in a row
• Qualified for the bonus program every year with awards up to 480% of base salary
• Was the #1 sales employee that won not only health but life insurance awards every year with Blue Cross Blue Shield
Penn Western Agency- Pittsburgh, PA
President
1986 to 1991
Sold over $14.5 million of annualized premiums in 5 years
• Became profitable in 1988 by more than $58,000 in 1989 by over $250,000 and in 1990 by $1.1 million.
Vice President of Sales
1983 to 1986
District Manager
Director, Broker Relations
• Sold over 11,000 contracts in the first year of operation, 12,000 in the second year and 15,000 in the third year.
• Grew company from 1 to 30 employees.
Education
B.A.
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