I am an experienced master's prepared CPA and internationally savvy business executive and governance strategy advisory with experience in healthcare, pharmaceuticals, healthcare IT, biotechnology, construction & real estate, and entertainment and who has 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 38% annually. I have proven and repeated success in propelling companies to the next level of growth and expansion through integration of financial and operational systems backed by expertise in finance and operations.
Healthcare, managed healthcare, pharmaceuticals, healthcare IT, biotechnology, real estate & construction, entertainment
Chief Financial Officer
eQHealth Solutions, LLC & AdviseWell, Inc., Baton Rouge, LA
August 2020 - Present
Spearheaded taking a growing $60 M IT, SaaS, managed care and population health management and business intelligence company and its subsidiary to market to raise equity capital and as an M&A prospect while managing the day to day value creation of the firm. Instrumental in increasing EBITDA by 38% in the first year. Convened Resource Management Committee that resulted in labor cost reduction of 23% in less than one year. As part of the investor relations "roadshow" team, developed and presented value propositions and key clinical, IT and financial information to potential investors. Led quality of earnings evaluation by independent valuation experts. Excelled in forming strategic partnerships to attract capital influx to grow digital technology and software line of business.
Chief Financial Officer
David Raines Community Health Centers, Inc., Shreveport, LA
2018 - 2021
Spearheaded the increase in earnings 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. 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. Implemented large Medicaid and Medicare ACO platforms and several Medicaid population health management collaborations. Increased federal grant funding totaling over $13 million by over 20% during 2020 and payer incentive revenue by 40% in 18 months. 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.
Founder & President | Certified Public Accountant & Business Advisor
Michael M. Fuselier, CPA, MS, Baton Rouge, LA
2005 - Current
Through my practice, I have worked with international companies like World of Jazz Music Festival in Ontario, Canada, Carmen Spada Music, GHESKIO clinic, Woman’s Hospital and others in a diverse field of industries. This accounting & business advisory firm boasts a growing international footprint as it provides 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 real estate, hospitality, pharmaceuticals, biotechnology, IT/SaaS industries and entertainment. Spearheaded four major medical group practice acquisitions while developing new clinics and practices increasing earnings for one client by over 40% in less than 12 months. As an engaged board member and business advisor of the World of Jazz Festival, Ontario, Canada, I successfully linked the Louisiana Office of Tourism and Canadian music festival for a 2021 event. I have experience with multi-national projects and clients.
Chief Financial Officer
Central Louisiana Surgical Hospital, Alexandria, Louisiana
2011 - 2017
A turnaround role for a newly constructed hospital. 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 "roadshow" 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, 2005 - 2011
For this fast turn-around job for a private equity company with decreasing free cash flows and earnings, was 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 a 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 & COMMITTEE EXPERIENCE
Board member appointments: Member, Haiti Global Health Alliance, 2021, New York; Member, President, Carmen Spada Entertainment, 2020 - Current; Fuse Enterprises LLC, Baton Rouge, Louisiana, 2021; 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, eQHealth Solutions, LLC 2020 - Current; AdviseWell, Inc. 2020 - Current; Anesthesiology & Pain Consultants, LLC 2005 - 2011; Remedies, LLC 2007 - 2011; APC Medical 2008 - 2011; David Raines Community Health Centers, Inc. 2018 - current
Brigham Young University, Provo, Utah
Area of study: International Business & Literacy (French, Spanish, Portuguese)
Arizona State University, Tempe, Arizona
Area of study: Language education & TESL
Master of Science, University of Phoenix, Tempe, Arizona, with honors
Major areas of study: Management
Bachelor of Science, McNeese State University, Lake Charles, Louisiana, with honors.
Major areas of study: Accounting, Marketing & Nursing
Associate of Science, Louisiana State University at Eunice, Eunice, Louisiana
Other industry training
Certificate, Construction Management, New York University
Certificate, Music & Entertainment Business, Berklee College of Music
Continuing professional education
Pharmaceuticals industry updates; Hospital valuation; Business combinations trends and issues, Investment properties; Investor relations and public company accounting, Accounting for software, Accounting for long term contract revenue and SaaS agreements, Mergers and acquisitions, Venture capital, Business valuations, Cash management, Employment law, Public company accounting and Investor relations, Marketing strategy
American Institute of Certified Public Accountants
Construction Financial Management Association
American College of Healthcare Executives
Healthcare Financial Management Association
American Public Health Association
Healthcare Financial Management 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, ACHE
2002 Excellence in Fundraising, United Way of Acadiana
1995 Excellence in Research, McNeese State University
1995 Excellence in 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
Licensed Nursing Home Administrator, Louisiana
Advanced Public Health Registered Nurse, Louisiana
Fellow, American College of Healthcare Executives
Teacher of Foreign Language & ESL, Arizona State University
Professional proficiencies in Spanish, Portuguese, Italian and French
The true mark of value is the ability to translate core competencies into strategies that enhance the value chain and increase earnings for the firm. Schedule a conversation to learn how I achieve this.