Chief Executive Officer and Chief Financial Officer
Regulatory Reporting and Compliance
Cash Flow and Economic Forecasting - Predictive Modeling
Litigation Support in healthcare including piercing the corporate veil
Business Evaluation/Assessment and Operational “Turn Around” Strategist
Merger and Acquisition Due Diligence Director
Capital Financing Analysis
Statement of Qualifications
Albert Sauer is a Certified
Public Accountant with over 25 years of financial experience in the
Healthcare Industry, including Senior Management positions with major
publicly traded entities. This background includes Managed Care
Companies, Hospital and Nursing Home Management, Physician Practices
and Public Accounting.
Managed Care
Served as CFO
for Foundation Health, Inc. (Health Net), a major publicly traded HMO
based in Sacramento, CA where he was instrumental in organizing
successful banking relationships providing critical seed capital for
Foundation’s profitable expansion plans. As Managing Director of HMO
Affiliates, LLC he directed the assessment and evaluations of numerous
HMOs and Managed Care Organizations.
In a recently completed
engagement, he led the consulting team to complete the evaluation and
assessment of a financially troubled HMO’s operations and presented a
detailed Corrective Action Plan. In the follow-on engagement client he
served as CEO to direct the implementation of the recommended changes.
Another
recent assignment included directing the due diligence teams that
completed an extraordinary series of HMO consolidations for a Florida
based client. The center piece of this work was the initial
deliverables involving the largest of the consolidated entities which
included extensive pro forma financial models that were completed in
less than two weeks.
With the rapid completion of several more
acquisitions, the consolidated organization had captured over one
billion dollars in annual premium revenues and 500,000 members and was
positioned to become one of the dominant players in the Florida Health
Insurance Market.
After completing these assignments he served
as Chief Financial Officer for this company. In addition to financial
reporting, operations, his responsibilities included actuarial reserve
calculations, underwriting, and interfacing with Provider Contracting
for medical services.
Two of his major accomplishments include
introducing administrative efficiencies and savings of over $10 million
annually through the consolidation and integration of 4 separate
administrative staffs and the development of a claims review department
which generated an estimated benefit of over $20 million annually,
using proprietary computer software programs that identified claims
overpayments and the status of older unsettled and/or disputed claims
outstanding.
Hospital Management: CEO and/or CFO of several
Hospital Management Companies where he was responsible for
institutional relationships with Commercial Banks and Investment Banks
for financing hospital acquisitions and working capital.
He
was CFO of Southern Health Services, Inc and CEO of Sunbelt Healthcare,
Inc. both successful Hospital Management Companies based in Atlanta,
GA, where he developed and implemented state of the art management and
financial reporting systems for hospitals and served on Executive
Committees directing all aspects of hospital operations including
purchases and sales of hospitals, negotiating hospital management
contracts, financial forecasts, capital financing, and financial and
regulatory reporting.
Earlier in his career at the Corporate
Offices of Humana Inc he managed all Medicare and Medicaid Cost
Reporting and was responsible for ensuring the collection of more than
50% of the company’s total revenues. Later
Public Accounting
Albert Sauer, a CPA began his public accounting career in Louisville,
KY with the firm of Peat Marwick (KPMG). He was responsible for audits
of a complete range of clients, and he specialized in audits of
Hospitals and Nursing Homes.
After leaving Peat Marwick and
working at Humana for six years his experience and solid reputation for
successfully completing difficult financial assignments in the private
healthcare industry, led him to return to Public Accounting. He joined
the firm of Arthur Young and Company, (Ernst & Young) as a manager
in the San Francisco office of their Northern California Healthcare
Group, where he managed numerous consulting and audit projects for
healthcare clients on the West Coast and throughout the US.
