CALL 615-778-4650

MARK W. GORMAN

MARK W. GORMAN

PRINCIPAL

CONTACT INFORMATION
(615) 438-5599
 (615) 778-4650
mgorman@spectrumhpllc.com


PRIOR EXPERIENCE
A seasoned healthcare executive with over 28 years of experience with a proven track record working with medical staffs to improve financial and quality outcomes.

 

EDUCATION/AFFILIATIONS
BS Finance Eastern Illinois University

 

SELECTED ADVISORY EXPERIENCE
 Physician Practice Services
 Due Diligence Reviews
 Turnaround Management
 Crisis Management
 Interim Management
 Operations Management
 Revenue Cycle

 

INDUSTRY EXPERIENCE
 Acute Healthcare–For Profit
 Physician Practice Services
 Revenue Cycle

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.

 

HOSPITAL AND SYSTEM OPERATIONS

  • Negotiated multiple hospital/physician buy/sell agreements, (asset and stock deals)
  • 10+ years hospital board experience with physician syndicated hospitals
  • Lead financing and multiple recapitalizations of physician syndicated hospitals
  • VP with 2 fortune 500 hospital companies (8 years), owner & board member of high margin independent rural hospitals (12 years)
  • On boarded >1000 physicians to centralized Patient Access Centers while improving visit volumes >10% and improving the customer experience
  • Increased Medical Group quality ratings from 2 star to 4 star ratings while increasing physician satisfaction and increasing profitability
  • Converted 25+ Physician Practices to RHCs – increasing access and improving profitability
  • Initiated Preventive Medicine – increasing the population health, patient satisfaction, practice profitability, hospital volume and patient access
  • Integrated large and small medical groups into consolidated market centric groups while increasing quality though network retention.
  • Lead restructuring efforts of hospitals and medical groups to increase efficiency while reducing non-patient care expenses
  • Standardized physician compensation systems to better align stakeholder incentives
  • Standardized and streamlined physician recruiting reducing expense and time to contract/LOI – increased the visit to new physician close percentage
  • Developed and implemented market-based strategies and plans related to consumerism and patient access

 

REVENUE CYCLE OPERATIONS

  • VP Operations, VP Sales and Partner in startup Hospital Revenue Cycle Outsourcing pioneer that grew to a multi-state 500+ associate company that we sold to a public company
  • Partnered with a Fortune 500 company to start their Medicare Service Center (centralizing all Medicare billing and collections) utilizing our office, hardware, processes and software
  • Proven track record of reducing bad debts, increasing revenue capture and reducing days in A/R while reducing cost to collect
  • First in country to outsource entire hospital business office that resulted in increased cash flows. Days in A/R reduced to 40 from 90+, bad debt reduced from 10% to 4%, administrative cost to collect reduced from 3% of NR to <2% of NR
  • Consulting for fortune 500 hospital company – provided specific recommendations and plan for consolidation of all billing & collection functions into regional centralized centers
Spectrum Health Partners

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