I am an experienced board member, master's prepared and internationally savvy senior finance and operations executive with a history of award-winning performance as a visionary leader for building company infrastructure from the ground up and spearheading profitable growth as high as 35% annually. I have proven and repeated success in propelling companies to the next level of growth and expansion through integration of clinical, financial and operational systems.
For Profit & Not for Profit Healthcare, Biotechnology, Pharmaceuticals, Medical Devices, Information Technology, Real Estate & Hospitality
Chief Financial Officer
eQHealth Solutions, LLC & AdviseWell, Inc., Baton Rouge, LA August 2020 - Present
Spearheaded taking this growing $60 M IT, SaaS, population health management and business intelligence company along with its non profit minority equity holder to market to raise equity capital and as an M&A prospect while managing the day to day value creation of the firm. Convened Resource Management Committee that resulted in labor cost reduction of 23% in less than one year. As part of investor relations "road show" team, developed and presented value proposition and key clinical, IT and financial information to potential investors. Led quality of earnings evaluation by independent valuation experts.
Chief Financial Officer
David Raines Community Health Centers, Inc., Shreveport, LA 2018 - 2020
Responsibilities for this regional pharmacy and healthcare company include both financial and operations areas, including finance, accounting, billing and collections, human resources management, physician recruitment, client relations, facilities, operations support, customer support, strategic planning, mergers and acquisitions, taxes and tax planning and reporting for twelve site FQHC with multi-site locations and pharmaceutical . Successfully increase federal grants totaling over $13 million by over 20% during 2020; experience with several federal TAPR reports and UDS reports. Completed IT system conversions and helped redesign operational flow of information leading to improved billing and collection of revenues. Acted as Chief Technology Officer to fix and complete the design and implementation of a complex healthcare information system and business intelligence platform. Spearheaded the increase in earnings from operations from $11 million to $14 million in less than two years and free cash flows from less than 7 days to over 30 days in less than 18 months, an increase of over 38% in free cash flows available for investing.
Founder & President
Fuse Enterprises, LLC, Baton Rouge, Louisiana 2021 - Current
President and advisor to a real estate development and investment firm specializing in healthcare, hospitality and food and beverage industries. Oversee governance of firm operations.
Founder & President | Certified Public Accountant & Business Advisor
Michael M. Fuselier, CPA, MS CPA, Baton Rouge, LA 2005 - Current
Accounting & business advisory firm with a growing international footprint providing accounting, financial, operations management, and information technology and business analytics support to a diverse clientele of closely held, public, for profit and nonprofit businesses with a concentration in the healthcare, pharmaceuticals, biotechnology and IT/SaaS industries. Spearheaded four major medical group practice acquisitions while developed new clinics and practices increasing earnings for one client by over 40% in less than 12 months. Projects involving international companies in Central and South America and France.
Chief Financial Officer
Central Louisiana Surgical Hospital, Alexandria, Louisiana 2011 - 2017
Responsible for finance, accounting, operations management, taxes, investor relations, human resources, strategic planning, administration, property and facilities management, and information technology services for a $265 million company. Increased interim debt financing reserves by 50% to mitigate cash flow risk. Executed buy and hold strategy to increase earnings by over 25% in 2 years by leading developments in advanced imaging, new service lines and real estate developments. Served as lead on new investor relations "road show" for interventional cardiology seed investment, development of proprietary business intelligence platform and new investor capital by 10% in first 36 months. Led the charge on competition mitigation strategy that prevented over $6 M in potential lost earnings. Spearheaded major capital investments that resulted in increases in cash inflows and earnings by 38% in less than 12 months.
Chief Executive Officer
Remedies™; APC Pharmaceuticals™; ReliefPlus™, & AP Consultants, LLC, Lafayette, LA
2005 - 2011
Responsible for business operations, finance, accounting, reporting, lending, customer relations, direct marketing and compliance for a $20 million private equity owned company engaged in healthcare, pharmaceuticals and medical device sales. Led "build and hold" and "buy and hold" investment strategies for group of private equity investors. Spearheaded new service line development and increased portfolio of equity holdings by 60% in less than 36 months. Led and implemented an aggressive business development strategy that increased organic earnings by 22% and earnings from new growth by 40%. Drove growth in assets by over $500,000 in one year. Spearheaded a major construction and real estate investment project that exceeded $24 million and added $3 million in value to the company in one year through recurring rental revenue. Increased cash flow by 35% in Developed and implemented a major information system project for document sharing and workflow management that reduced days to contracting by 30% and business throughput and billable revenue by 45%.
BOARD & BOARD COMMITTEE EXPERIENCE
Board member appointments: President, Fuse Enterprises LLC, Baton Rouge, Louisiana; World of Jazz Festival, Brampton, ON, Canada, 2018 - current; Judith M. Fuselier Foundation, 2013 - current; BCW, LLC Arts and Entertainment Industry CPA Firm, 2016 - current; Nurses Action Coalition, 2015 - 2017; LSU-E Department of Business Community Advisory Board, 2000 - 2003; Vermilion Hospital, Lafayette, Louisiana 2002 - 2003
Board Finance Committee appointments, Anesthesiology & Pain Consultants, LLC 2005 - 2011; Remedies, LLC 2007 - 2011; APC Medical 2008 - 2011; David Raines Community Health Centers, Inc. 2018 - current
Master of Science, University of Phoenix, Tempe, Arizona, with honors
Bachelor of Science, McNeese State University, Lake Charles, Louisiana, with honors.
Associate of Science, Louisiana State University at Eunice, Eunice, Louisiana
Post graduate training
International Business with emphasis in markets in Latin America, Spain, France & Italy. Brigham Young University, Provo, Utah
Music and Music Business, Berklee College of Music
Construction Management, New York University
Education - Foreign Languages, Arizona State University
Continuing professional education
Pharmaceuticals industry updates
Business combinations trends and issues
Trends & Issues - Accounting for software
Trends & Issues - Accounting for contract revenue
Updates in mergers and acquisitions activity
Updates in venture capital opportunities
American Institute of Certified Public Accountants
American College of Healthcare Executives
American Public Health Association
American Council of Teachers of Foreign Languages
Volunteer, Holy Cross Church, Shreveport, Louisiana; Volunteer, Philadelphia Center, Shreveport, Louisiana; Member, Outreach Committee, St. Margaret’s Church, Baton Rouge, Louisiana, Current
Volunteer entrepreneurship mentor program, Mercy Corps, Portland, Oregon
Volunteer junior executive mentor program, American College of Healthcare Executives; American Public Health Association
AWARDS & HONORS
2018 Service Excellence Award, American College of Healthcare Executives
2002 Excellence in Fundraising, United Way of Acadiana
1995 Excellence in Research, McNeese State University
1995 Excellence in Public Health Leadership, McNeese State University
1995 Induction in Phi Kappa Phi National Honor Society, McNeese State University
1995 Induction in Sigma Theta Tau International Honor Society, McNeese State University
1998 Induction into Omicron Delta International Honor Society, University of Phoenix
LICENSES & CERTIFICATIONS
Certified Public Accountant, Louisiana
Advanced Public Health Registered Nurse, Louisiana
Fellow, American College of Healthcare Executives
Licensed Nursing Home Administrator, Louisiana
Teacher of Foreign Language & ESL, Arizona State University
Professional proficiencies in Spanish, Portuguese, Italian and French