Management

Richard F. Tompkins | John Madden | Leisa Russell | Katherine Douglass |Cherokee Dunkley

Leisa Charlton Russell, CPA

Ms. Russell is a Senior Associate of the First Chesapeake Group. She holds a bachelor’s degree from the College of William and Mary and became a Certified Public Accountant in 1981. Her career includes successful executive achievement in financial functions and planning; extensive experience in top management planning and implementation, combined with a thorough understanding of detail; and enthusiastic interest in improvement of product, quality, and market leadership.

Highlights of Ms. Russell’s experience with FCG include:

  • Financial analysis of a large not-for-profit hospital system underlying project applications for three new hospitals in Virginia.
  • Reviewed analysis on a strategic planning engagement for the development of a possible campus for a Virginia hospital system.
  • Reviewed project work to develop a campus for future hospital development, including current efforts to establish an emergency department.
  • Financial analysis for litigation support in a federal case related to charges to the uninsured in Florida.

Prior professional experience:

Senior Vice President of Finance and CFO at Washington Hospital Center (WHC) in Washington D.C. In this position and prior positions at WHC:

  • Improved the financial outlook of WHC by negotiating contracts, implementing revenue cycle processes, completing strategic pricing initiatives and successfully resolving Medicare appeals for multiple years
  • Was involved with quality improvement efforts including collaboration to design a web based reporting system for productivity monitoring, reviewed the use of Solucient quality benchmarking data, and addressed issues of the uninsured by implementing a patient discount program
  • Had extensive experience working with the graduate medical education and research programs as well as clinical staff issues. Assumed responsibility of physician billing services and oversaw the financial turnaround of WHC following the aftermath of an 8 week nursing strike
  • Transformed billing functions and reduced accounts receivable days, increased cash and lowered bad debt expense. Improved accuracy of medical record documentation and led reengineering of entire patient access process encompassing all hospital divisions.
  • Worked with the board to obtain approval for a 2nd medical office building on campus

Audit Manager at Coopers & Lybrand (subsequently merged with Price Waterhouse to form Price Waterhouse Coopers) in Washington, D.C. In this position:

Managed financial audits ranging in scope from small to medium sized owner-managed companies to international publicly held companies, analyzed and prepared financial statements for inclusion in SEC filings, and evaluated 10-K’s, 10-Q’s, proxies and other filings for complete and proper disclosures. Clients encompassed diverse range of industries: health care, high tech, retail, manufacturing, government contracting, utility and not-for-profit.