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Cindy Segar-Miller Joins SHP as a Principal

Cindy Segar-Miller Joins SHP as a Principal

August 15, 2019–

As a Senior Healthcare Executive with experience in acute care hospital operations, best practice implementation, physician engagement and service line growth, Cindy has demonstrated an ability to create and execute breakthrough strategies that have revitalized and rapidly turned around small to mid-sized organizations struggling with clinical, quality and or financial performance. She has demonstrated success in delivering substantial improvements across a balance scorecard; exhibits solid business acumen and understands the value of relationships built with leaders, physicians, and payers. Healthgrades, The Robert Wood Johnson Foundation, and The Joint Commission have recognized her work and she has recruited highperforming teams achieving record improvements in patient satisfaction at every organization she has led. Cindy is a transitional and transformational leader that can harness the power of mission and vision to produce operational results. As a nurse, Cindy understands that models of care affect financial viability and as an operator, appreciates the rigor and discipline required to create and sustain change that produces a positive bottom line.

For more information about our services, please contact us at 615.778.4650 or go to our website at spectrumhpllc.com.

Mark Gorman Joins SHP as a Principal

Mark Gorman Joins SHP as a Principal

March 8, 2019–

Mark is a seasoned healthcare executive with significant depth and breadth over his 28 year career. His background includes hospital ownership, executive physician practice service operations, outsourced revenue cycle company owner/operator, hospital board member, buy/sell negotiations on transactions, private debt raising, venture capital and bank financing. Mark has significant experience leading large multistate operations with teams as large as 4,500 members, For the past 20 years Mark has lead hospital operations. These operations range from rural hospitals to large integrated delivery networks. He has served as the leader of a 4,500-physician practice services team and interim CEO/CFO roles. Additionally, he has led the successful recruitment of replacement CEO’s & CFO’s. Mark has a proven track record strengthening working relationships with medical staff to improve financial and quality outcomes.

For more information about our services, please contact us at 615.778.4650 or go to our website at spectrumhpllc.com.

Bud Wethington Joins SHP as a Principal

Bud Wethington Joins SHP as a Principal

February 25, 2019–

Bud is a Principal with Spectrum Health Partners which is based in Franklin, Tennessee. He has over thirty years (30+) of diverse leadership experience in healthcare administration, operations and finance. Bud has extensive leadership experience with not-for-profit as well as for-profit hospitals and health systems, operating as the CEO, COO and CFO, with a proven track record of successful outcomes.

For the past thirteen (13) years, Bud has directed hospitals and health systems as the President and CEO with an array of critical needs in each facility. As a skilled communicator and analytical master, Bud has excelled at leading organizations to becoming innovative and strategic to achieve long-term success. The size of these organizations range from 190 to 520-beds.

For more information about our services, please contact us at 615.778.4650 or go to our website at spectrumhpllc.com.

NantWorks acquires majority interest in Verity Health’s management company

NantWorks acquires majority interest in Verity Health’s management company

July 5, 2017

Dr. Patrick Soon-Shiong today announced that NantWorks, LLC, has acquired a majority stake in Integrity Healthcare, LLC, Verity Health System’s management company, creating a unique opportunity for collaboration to make Verity Health a leader in innovative healthcare delivery, including personalized patient-centered healthcare solutions for every individual. NantWorks and Blue Mountain, the former majority owner of Integrity Healthcare, committed to continuing to invest in an effort to accelerate Verity’s revitalization efforts undertaken over the past 18 months. Blue Mountain will maintain a minority interest in Integrity.

Since its creation in December 2015, Verity Health System (formerly Daughters of Charity Health System) has worked to revitalize its hospitals in Northern and Southern California and ensure financial sustainability in order to care for patients for generations to come – including the underserved. As a part of the transaction between Integrity and NantWorks, Blue Mountain Capital Management, LLC, is making additional funding available to continue Verity’s revitalization initiatives.

Integrity Healthcare was formed by Blue Mountain, the private investment firm that committed to making available $260 million in capital for the revitalization of Verity Health System. The commitment was key to a transaction approved by former California Attorney General Kamala Harris and completed in December 2015.

Spectrum has been working with Verity Health System and Integrity Healthcare, LLC providing interim management and administrative/transaction support services.

About NantWorks

NantWorks, LLC, is the umbrella organization for an ecosystem of companies committed to the convergence of 21st-century innovative platforms to transform how we work, live and play: NantHealth, NantOmics, NantBioScience, NantCell and its affiliate NantKwest, NantPharma, NantMobile, NantStudio, NantCapital and NantCloud. Founded by Dr. Patrick Soon-Shiong, scientist and inventor of the first human nanoparticle chemotherapeutic agent Abraxane, the core mission for NantWorks is convergence: to develop and deliver a diverse range of technologies that accelerate innovation, broaden the scope of scientific discovery, enhance ground-breaking research, and improve healthcare treatment for those in need. NantWorks is building an integrated fact-based, genomically-informed, personalized approach to the delivery of care and the development of next generation diagnostics and therapeutics.

About Verity Health System

Verity Health System is a California based non-profit healthcare system with six hospitals, (1,650 inpatient beds, six active emergency rooms, a trauma center), and a large physician network and a medical foundation and more than 6,000 staff statewide.

About Spectrum Health Partners

Spectrum Health Partners (“Spectrum”) provides expert solutions. Whether in a financial advisory or interim management capacity, SHP provides its clients with the expertise and tools necessary to achieve success in today’s challenging healthcare environment. SHP will have an immediate positive impact on the financial and operational success of an organization. We provide value.

For more information, visit www.spectrumhpllc.com or reach out to Iain Briggs (615) 778-4650 – ibriggs@spectrumhpllc.com.

Seth Sharpe Joins SHP as a Principal

Seth Sharpe Joins SHP as a Principal

Spectrum Health Partners is pleased to announce that Seth Sharpe has joined SHP as a Principal.

Seth has over thirty (30) years of diverse healthcare experience in finance, operations, physician practice management and turnarounds of financially distressed organizations. Seth has been a key player in a wide range of performance improvement initiatives from the strategic executive perspective to the hands-on analysis and management of operational issues. His engagement list includes multiple large-scale operational improvement efforts, governance, and management assessment, labor management, organizational restructuring, shared services improvement, and departmental process redesign.

Seth began his career in South Florida as Provider Recruiter with a Medicaid Managed Care Organization. He gained his core understanding of healthcare operations through the implementation of 45+ Decision Support systems. The financial and modeling analysis from this early experience has provided the skills and experience to deliver meaningful insight in a wide variety of healthcare environments.

Seth obtained a Master of Business Administration with a  focus in Healthcare administration from Virginia Commonwealth University and a Bachelors of Arts in English Literature from the University of Richmond. He also studied graduate level accounting and finance at Belmont University’s Massey Graduate School. At the Massey  Graduate School, he co-developed the School’s first graduate-level class in Healthcare Finance to cater to the Nashville area’s large healthcare industry.

Ken Doran, Chief Executive Officer and President of Spectrum Health Partners stated, “Seth’s background as both a consultant and operational executive brings a unique set of experience to SHP.  His ability to distill large amounts of data into actionable information is a skill set our clients consistently require, and Seth delivers.  Seth has the kind of broad experience and depth of understanding to be able to hit the ground running when a client needs answers and actions.”

Spectrum Health Partners is a financial advisory services firm focused exclusively on the healthcare industry. We provide event driven services to support Transaction Advisory Services; Turnaround & Restructuring; Performance Improvement; Interim & Crisis Management; Lender Services; Post Transaction Services, Healthcare Counsel on Command, and now a fully developed Strategic, Operational, and Financial Planning and Analysis function.

Spectrum Health Partners is uniquely qualified to provide client with the tools and support necessary to achieve success in today’s ever changing and challenging healthcare environment. SHP will have an immediate positive impact on the financial and operational performance of your Organization.

SHP is an expert model. Each of our Partners, Principals and Senior Advisors possesses at least 25 years of experience in hospital operations and consulting. The significant and diverse experience of our Partners, Principals and Senior Advisors, provides us with the ability and resources to assist organizations of all sizes throughout the United States

For more information about our services, please contact us at 615.778.4650 or go to our website at spectrumhpllc.com.

Spectrum Health Partners

341 Cool Springs Blvd
Suite 305
Franklin, TN 37067
Office: (615) 778-4650