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MARK A. HARTMAN, CPA, FHFMA

Mark-Hartman

MARK HARTMAN

CPA, FHFMA
PARTNER

CONTACT INFORMATION
 (501) 690-9540
 (615) 778-4650
mhartman@spectrumhpllc.com

 

PRIOR EXPERIENCE

Mark began his career with a regional public accounting firm before moving into leadership roles in a variety of hospitals and healthcare organizations.

 

EDUCATION/
CERTIFICATIONS/
AFFILIATIONS

Bachelor of Business Administration (BBA),

University of Central Arkansas, Conway, Arkansas

Certified Public Accountant, State of Arkansas

• American Institute of Certified Public Accountants, Member

• Healthcare Financial Management

Association (HFMA), Member
– Fellowship Status
– Arkansas Chapter, Past President
– Former Regional Executive

• Knights of Columbus

• American Heart Association

– Central Arkansas Chapter Board, Former Member

 

HONORS/AWARDS

• Arkansas Business CFO of the Year 2012-Large Private Company

• HFMA – Founders Medal of Honor Award

• HFMA – Gold Merit Award

 

CORE ADVISORY EXPERIENCE

  • 35+ Years CEO Healthcare Executive
  • Healthcare Consulting
  • Interim Management
  • Operational Planning and Financial Strategy
  • Innovative Leadership and Oversight
  • Turnaround and System Efficiency
  • Team Engagement
  • Operations Management
  • Post Transaction Services
  • Mergers & Aquisitions (M&A) Integrations and Due Diligence
  • Regulatory Compliance
  • Continual Operational Improvement
  • Process and Business Optimization
  • Client Engagement
  • Crisis Management
  • Financial Forecasting
  • Cash Management

Mark joined Spectrum Health Partners (SHP) as a Principal in 2014 and was promoted to Partner in 2017. Throughout his 35+ years of experience, he has garnered the ability to recognize, then capitalize on growth opportunities to maximize success. His education, accounting background, and skill set provide him a unique understanding to lead and guide healthcare organizations at all levels, including financial restructuring processes, M&A integrations, and due diligence reviews. He is passionate about forming leaders in the healthcare industry and with a knack for building and motivating teams, he is always ready to hit the ground running and deliver results quickly. He is a change agent skilled at assessing and simplifying complex situations by defining and leading transformational initiatives for leadership by identifying cost reductions and redefining efficient procedures. He has a history of surpassing ambitious business goals and creating innovative growth strategies to position healthcare organizations and companies for long-term growth and spurring double-digit profits. Mark demonstrates a profound dedication to stakeholder and client engagement, and supporting executive leaders, boards, and civic communities.

SELECTED CEO/CFO & OPERATIONS EXPERIENCE

  • Served as Hospital CEO, System Regional CFO, and Hospital CFO across a broad market of large healthcare providers, for-profit and not-for-profit hospitals, including stand-alone, system-affiliated, public, private, and physician-owned entities.
  • As a Partner of Spectrum Health Partners, LLC, he leads organizations, financial restructuring processes, M&A integrations, and due diligence, including coaching and developing department and hospital leaders serving in leadership positions.

PUBLIC COMPANY EXPERIENCE

  • Integral role assisting a private company with filing Initial Public Offering (IPO) by working diligently with the company’s CFO and General Counsel, outside legal counsel, and underwriters to complete all the elements of the S-1.

SELECTED ADVISORY EXPERIENCE

Operational Planning and Financial Strategy:

  • Obtained a $60M loan to fund the acquisition of Arkansas Heart Hospital and implemented full treasury and banking functions in the organization previously all handled at the corporate office.
  • Led the implementation of a Clinical Documentation Improvement Program at 10 hospitals, resulting in improved reimbursement of $5M+ in the first year.
  • Launched a productivity system at 12 hospitals, resulting in reducing Salary, Wages & Benefits $8M annually.

Innovative Leadership and Oversight:

  • Worked with facility CFOs and CEOs to improve financial operations of facilities in areas of revenue cycle, managed care contracting, materials management, productivity, case management, and clinical  documentation.
  • Provided senior management leadership in various healthcare organizations, including departments of accounting, business office, materials management, medical records, and information systems.
  • Provided financial statement analysis and simplified results to corporate leadership, hospital executives, hospital team leaders, and physician investors, and provided recommendations for improvements.

Lead Performance Turnarounds and Implement System Efficiency:

  • Masterfully negotiated debt agreement for a fully leveraged buyout of hospital and purchase of a 17-physician cardiology practice.
  • Led a change in operations for the business office and case management in determining patient status; as a result, this change increased hospital net revenue by $5M annually.
  • Implemented contracts for primary source vendor on major supply items, resulting in savings of $3M annually.
  • Implemented a successful review process of all Medicare patient status by a third-party physician reviewer at a 12-hospital system, resulting in improved net revenue of $12M annually.

Team Engagement:

  • Led teams at all levels in healthcare, financial restructures, and merger and acquisition due diligence.
  • Worked with the clinical and support departments to increase operational outcomes of hospitals and leading the transition of two hospitals in converting to Cerner Electronic Health Records, ensuring processes were implemented completely and timely to capture charges accurately to return positive net cash flows.
  • Worked seamlessly with medical staff and department directors to increase patient volumes throughput of patients while maintaining or decreasing expenses; as a result, obtained over a 95% approval rating for patient satisfaction scores and received an award from NRC Picker for highest rating for the country.

CLIENT COMMENTS

“Mark Hartman is a remarkably talented healthcare leader. He understands how the day to day operations of a hospital operate and is very efficient manager. Upson Regional Medical Center contracted with SHP and Mark to be our Interim C.E.O during our search for a permanent C.E.O. and we were extremely pleased with his performance. Mark insured the day to day operations were properly managed, insured the completion of a new medical office building, and the on-boarding of a new E.N.T. physician joining our hospital. The most impressive part of all this is Mark joined our team and within one week, he knew just about every employee by name and had all the department leaders and the administrative team all on the same page. It was as if he had been our C.E.O. for 5 years. Truly an amazing leader.” – Bill Hightower, Chairman, Upson Regional Medical Center

Spectrum Health Partners

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