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Mr. Healy is a co-founder of Receivables Outsource Management, Inc. ( ROM ) and is it's Chief Operating Officer. ROM provides consulting on all aspects of receivables. He helped form the basic pillars to ROM 's operating philosophy and is instrumental in structuring specific programs to meet the needs and requirements of the current client base. He has been quoted on his approach to the outsourcing of receivables in such publications as Controller Magazine. John has been a lead or active member on engagements in the following areas: Asset Based Lending, Collateral Evaluations, Collections, Due Diligence, Middle Market Banking, Portfolio Monitoring and Work Out. John has the ability to "think outside the box" and bring simplicity and resolution to complex and difficult projects. On one such engagement he was highly successful in resolving the final receivables of LTV Steel, which, at the time of its' Bankruptcy filing, was the 4th largest steel company in the US. Aside from the daily monitoring of the $500 million accounts receivable collateral, ROM was able to recover more than $60 million of the Banks anticipated recovery of approximately $34 million on the final receivables of LTV Steel. ROM retained key former employees of LTV and migrated the receivables data to its own servers which were factors to a successful resolution. On another engagement John was able to implement sweeping revisions to work flow procedures that reduced the DSO on an $800 million company by 8 days. John is an active member of the Turnaround Management Association, and the Commercial Law League of America. Among his many personal clients are Aurora Foods, The Associated Press, Broadcast Music Inc., LTV Steel, Nielsen Media Research, Time/Life and VNU. | 