The document summarizes the qualifications and experience of Elizabeth M. Shea, including over 30 years of experience in finance management roles. She currently serves as the Director of Finance for an employed physician network, where her responsibilities include managing financial operations, developing budgets and reports, and leading strategic planning. Prior experience includes Director of Finance roles in clinical laboratories and budget management for social services programs.
1. Elizabeth M. Shea
2035 Shearer Rd, Lansdale PA 19446 ● (215) 460-0117 ● Liz.M.Shea@Gmail.com
Finance Director with 30 years of progressive experience in Management, Operations and
Finance. Successful track record implementing complex assignments requiring leadership,
problem solving, communications and advanced conceptual and analytical skills.
SUMMARY OF QUALIFICATIONS
• Experience in For-Profit and Not-For-Profit organizations.
• Exceptional focus and follow-through abilities with proven record of proficiency.
• Detail oriented with highly developed organizational management skills.
• Ability to thrive in fast-paced, deadline oriented environments
• Team player with strong interpersonal and communication skills. Proven ability supervising
people and processes.
• Effective problems solver and decision maker with the ability to handle stressful situations.
PROFESSIONAL EXPERIENCE
Mercy Health System, Mercy Physician Network Jun, 2012-present
Conshohocken, Pennsylvania
Director of Finance
Manage financial operations of an employed physician network with 4 hospital locations, 82 cost
centers and net patient revenue in excess of $50 million dollars annually.
• Maintain effective systems to support network operations. Manage daily operations of financial
services in conjunction with other MPN & Mercy Health departments.
• Leads the annual budget process for the MPN employed physician network practices and administration.
• Prepare monthly quality of income reports and variance analysis by practice for corporate finance
department. Maintain monthly metrics for trend reporting to aid in decision making.
• Assists Directors with development of strategic plans; collaborate to effect expense variances to meet
targets. Monitors compliance for meeting assigned revenue and expense targets.
• Lead monthly practice review with operations managers and vice president.
• Develop 3 year proformas for new practice acquisitions. Perform analyses of P&L performance of new
practices against agreed upon targets.
• Calculates semi-annual incentive compensation distribution for each physician according to contractual
targets and ensure that distribution occurs in a timely fashion in accordance with contract.
• Performs deep dive analyses of financial performance of individual physicians or practices as needed.
• Develop, maintain, monthly, quarterly and semi-annual reports: physician productivity, service line with
contribution margin, MPN dashboard, physician incentive payments tracking, support staffing per
wRVU, physician compensation analysis, historical trending...
• Created a position management process to ensure integrity of hiring process to vacanct slots.
• Create a capital budget process for MPN with a central access point to monitor and track all new
projects and requests. Develop 1 year and 3 year annual capital plans.
• Monitor real estate leases. Maintain recurring payment files and notification of lease end dates.
• Member of senior management team. Provide oversight to Practice Operations. Position reports to the
Vice President of Physician Practice Management.
2. Elizabeth M. Shea Page Two
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Main Line Health Laboratories (MLHL) Nov 2001 – Feb, 2012
Main Line Health System (MLHS)
Radnor, Pennsylvania
Director of Finance
Manage financial operations of a Clinical laboratory company with 4 hospital locations and
revenues in excess of $55 million dollars annually.
• Provide oversight of daily operations in conjunction with other MLHS departments to support
laboratory functions.
• Develop, monitor annual budgets and monthly financial and variance reports: Salary, FTE, Non-Salary
and Capital. Provide financial analysis support for all departments within MLHL.
• Cultivate and maintain relationships with key departments, leadership, vendors, staff, creating beneficial
collaboration. Act as the primary liaison between Main Line Health Finance and Materials
Management departments for the laboratory.
• Perform cost/benefit and ROI analysis on potential MLHL projects, equipment and in-house testing to
provide for data driven decisions.
• Create and maintain monthly key indicator reports for trend and exception reporting. Blend data from
hospital and laboratory IT systems to provide an integrated report of volumes, costs, revenue and FTE’s.
• Provide oversight to Sales/Marketing department. Develop effective tools for monitoring Sales
successes, opportunities and threats.
• Supervise Patient Accounting function for MLHL outpatient claims which includes one direct report, 24
indirect reports. Supervise Administrative Assistant. Oversee office inventory management and
management of physical space at the MLHL Business Office.
• Significant project management and operations management experience, directing functional teams,
process improvement planning.
• Participates in internal and external management development activities. Member of the MLHL
Management Team. Position reports to Vice President of Clinical Operations at Main Line Health.
Achievements
• Promoted to Director of Finance from Sr. Financial Analyst in 2005.
• In collaboration with key departments within MLH/MLHL developed cost savings initiatives and
maintained a 5% savings against budget in fiscal year 2011 and a 2.5% savings in fiscal year 2010.
• Developed Decision Matrix (DMX) to aid in functional decision making for laboratory projects and
equipment purchases.
Resources for Human Development 1996 to 2001
Senior Budget Manager
Manage 35 operating budgets for 8 Philadelphia and 3 State of New Jersey residential social
service programs with funding in excess of $10 million annually.
Assist Directors and staff to ensure quality of programs and spending efficiency. Develop standardized reports
to aid in the preparation of quarterly and annual invoices to funding entities. Standardized reports include
staffing schedules, operating cost reports, detailed summary reports by location and funding stream. Coordinate
and prepare Annual Operating and Salary budgets. Analyze program budgets monthly. Prepare requests for
new grant proposals. Establish and maintain Funder relationships. Assist with year-end external audit. Team
Leader for staff of 10. Position reported to Director of Finance.
Achievements:
3. • Promoted to Senior Budget Manager to oversee 10 Budget Managers in 1998.
Elizabeth M. Shea Page Three
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Graduate City Avenue and Parkview Hospitals 1990 to 1996
Senior Financial/Cost Analyst
Provide Cost Accounting and Financial Analysis for 2 hospital locations.
Harron Communications, Inc. 1987 to 1990
Senior Financial Analyst
Provide Financial Analysis for a privately owned Cable Company with 15 franchise areas
Unisys Corporation - CIDC 1983 to 1987
Financial Planning and Control Analyst
Provide financial planning for publications distribution center of a Fortune 500 company.
Education
• LaSalle University, Philadelphia, Pennsylvania
Master’s of Business Administration in Finance degree
Degree Awarded: December 1987
• Gwynedd-Mercy College, Gwynedd-Valley, Pennsylvania
Bachelor of Science Degree in Accounting
Degree Awarded: May 1983
Systems Proficiency:
Microsoft Windows, Excel, Word, Power Point, Outlook KREG
Misys-Antrim Laboratory Billing system Kronos
PeopleSoft Financials Meditract
Rhodes Scholar Decision Support Platform Lawson Financials
WebNow NextGen Report server
Claritee BI
Training:
SalesForce.com
LEAN Principles
Crimson Medical Group Advantage