Cost Management Post Pandemic - Panel Discussion

Tammy Wolcott is the President and CEO of LBMC Procurement Solutions, LLC.

LBMC Procurement Solutions is a spin-off of W Squared that provides clients with an opportunity to participate in a boutique GPO (group purchasing organization) for shared savings and to utilize a fractional procurement team who garner better pricing, better spend control and better customer service in purchasing goods and services for their individual client companies.

Tammy co-founded W Squared in 2005 and became a part of the LBMC family of companies with the acquisition of W Squared in 2017. W Squared leveraged scalable systems, people, and processes typically in place for large companies in a fractional outsourced model for small to medium-sized businesses. Acting first as Chief Operating Officer and then Chief Executive Officer, she grew the company across all lines of business: Finance & Accounting, Technology, Human Resources and Procurement. W Squared acted as the corporate back office for many businesses in the Nashville community and across the country. Currently W Squared provides outsourced Accounting services, and Tammy serves in an advisory role for the organization.

Prior to founding W Squared, Tammy was Vice President, Corporate Controller, and Treasurer of I-Trax, Inc., formerly CHD Meridian Healthcare. During her six years with the company, she was responsible for all aspects of the corporate finance function, including consolidation of 36 legal entities, management of all required reporting for senior lenders, oversight of centralized payroll for 1,800 employees, and management of the company’s cash concentration and investment strategies. Tammy was also responsible for establishing both internal management reports and external public reports to comply with SEC guidelines and a review of internal controls and processes to comply with the Sarbanes-Oxley Act.

Prior to joining CHD Meridian Healthcare, Tammy was employed as National Director of Human Resources and as Assistant Controller for Surgical Care Affiliates, Inc. As part of the early management team, she assisted in growing the company from 3 to 60 surgery centers. During her nine-year tenure, she provided standardization of the accounting process and training for business managers, developed a consolidated cash management program through a major bank, and created a national benefits program for 1,500 employees.

A Nashville native, Tammy graduated from the Harpeth Hall School, attended the University of North Carolina–Chapel Hill and received her BS in Accounting from the University of Tennessee. She has served on the Board of the Nashville Healthcare Council, the Board of Visitors for the Lipscomb University College of Business, the Harpeth Hall School Board of Trustees and has been a presenter/panelist at business and start-up company forums with the Nashville Entrepreneur Center, Smart Business Dealmakers, the Social Enterprise Alliance, Baker Donelson, Vanderbilt University Owen Graduate School of Management and Lipscomb University College of Business.

Rick is a Health Care Partner at RSM. He has years of experience providing professional services to organizations in the health care ecosystem. He has served a wide variety services for organizations ranging from large organizations with more than $16 billion in annual revenue to small, standalone entities with less than $1 million in annual revenue. Rick has served clients across the health care continuum including integrated health systems, physician groups, safety-net hospitals, health insurance clients, and other various health care related entities. Rick has experience in governmental, not for profit, and statutory accounting standards. .

In January 2018, Rick was selected as a fellow in RSM's cutting edge Industry Eminence Program, which positions its fellows to understand, predict and communicate economic, business and technology trends shaping the industries RSM serves. Eminence fellows advise clients on conditions impacting their business.

Rick also lead RSM’s COVID-19 Client Response team which was organized in March of 2020. Since that time he as advised hundreds of clients on issues related to the Provider Relief Fund and other components that were included in the CARES Act.

Joey Peay is Chief Executive Officer of Murfreesboro Medical Clinic, a position which he has held since 2003. Prior to 2003, he served as the Clinic's Chief Financial Officer for more than four years.

Joey graduated with honors from Middle Tennessee State University with a bachelor's degree in Accounting. He passed the Uniform CPA Exam in 1988. He spent the first ten years of his career with KPMG, an international public accounting finn, leaving in 1998 as a Senior Manager.

Joey is a member of the Jones College of Business Dean's Advisory Council, the MTSU Accounting Advisory Board, the Endowment Committee of Special Kids, and the Murfreesboro Advisory Board for Alive Hospice. He is an Elder and Clerk of Session at Cripple Creek Presbyterian Church. Joey is also a graduate of the Leadership Rutherford Program, a member of the Tennessee Society of Certified Public Accountants, a member of the Medical Group Management Association, and a Ce11ified Medical Practice Executive by the American College of Medical Practice Executives. Previously, Joey has served in leadership roles for the Kittrell Volunteer Fire Depaitment, American Heai1 Association, March of Dimes, and the Heart of Tennessee Chapter of the American Red Cross. In 2014, Joey was recognized by the Rutherford County Chainber of Commerce as its Businessperson of the Year.