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WILL MOORE, CPA, CIRA, FHFMA

Will-Moore

WILL MOORE

CPA, CIRA, FHFMA
PARTNER

CONTACT INFORMATION
 (512) 750-0955
 (615) 778-4650
 wmoore@spectrumhpllc.com

 

PRIOR EXPERIENCE

Will began his career in a variety of financial management capacities for acute care healthcare facilities, with responsibilities spanning financial operations, reimbursement and financial planning, and information system development.

 

EDUCATION/AFFILIATIONS

Will obtained his Bachelors of Arts in Accounting from The University of Kentucky and holds a Masters of Business Administration from Vanderbilt University’s Owen Graduate School of Management. Will is a Certified Public Accountant, a Certified Insolvency Restructuring Advisor, and a Fellow in Healthcare Financial Management Association (HFMA). In 2005, he was awarded the Follmer Bronze award from HFMA in recognition of his distinguished service in the area of healthcare finance.

 

SELECTED ADVISORY EXPERIENCE
 Turnaround Management
 Crisis Management
 Interim Management
 Operations Management
 Due Diligence
 Financial Forecasting
 Bankruptcy Advisory
 Cash Management

Will has over 25 years of experience working with hospitals and hospital systems primarily in the not-for-profit sector and is based in Austin, TX. He has an extensive background in hospital operations on the Chief Financial Officer level. As a senior executive of more than two dozen hospitals or hospital systems, Will has been involved with a wide variety of medical staffs and boards, often providing crisis management in the most difficult of circumstances. Through his broad exposure to issues of healthcare finance, he has developed a keen ability to quickly adapt, interpret, and assume the lead in management situations requiring strengths with financial operations, strategic assessment, financial modeling, systems development, and capital planning.

Prior to involvement with Spectrum Health Partners, Will worked with nationally recognized consulting firms in the areas of corporate restructuring and managed care. This experience involved operational and financial assessment, feasibility and modeling, and interim management of various healthcare organizations.

MERGERS & ACQUISITION EXPERIENCE

  • Transactional and due diligence support of successful $33.5M nursing home sale involving 403 licensed beds.
  • Integration support to 70 licensed bed hospital acquisition from for-profit proprietary system to freestanding governmental entity. Transition responsibilities included transaction settlement, cash management/ accounting reorientation and IT systems development.

RESTRUCTURING, TURNAROUND, & BANKRUPTCY MANAGEMENT

  • Engineered $12M+ turnaround of financial operations to a 257 licensed bed safety net teaching hospital including radical improvement of reimbursement through clinical documentation improvement and related case mix, new program development, and operating expense controls. Revenue cycle was rebuilt through IT system redesign, resulting in significant stability of days cash on hand.
  • Turnaround of financial operations in a freestanding community 234 licensed bed hospital including accounts receivable restructuring, radical improvement of days cash on hand, and successful defense of facility bond rating.
  • Operational restructuring of troubled 116 licensed bed hospital facility through staff reductions, non-salary expense controls, and business office redesign. Bond compliance was successfully reestablished and successful facility merger eventually executed.

CEO/CFO & OPERATIONS IMPROVEMENT

  • Interim Chief Financial Officer and Corporate Controller for 900+ licensed bed four-hospital Chapter 11 bankruptcy case. Fiscal management responsibilities including accounting and financial reporting, cash management, and operating and capital budgeting, third party reimbursement, tax functions and compliance.
  • Interim Chief Financial Officer of 420 licensed bed for-profit hospital with significant operating losses eventually stabilized through labor management and non-salary reductions to breakeven EBITDA.
  • Interim Chief Financial Officer of 305 licensed bed community hospital with IT issues surrounding general ledger and business office implementations. Led successful redesign of both modules to implement financial reporting and strengthen days cash on hand.

SELECTED ADVISORY EXPERIENCE

  • Assistant to Bankruptcy Court Appointed Examiner in assessment of operating quality and management efficiency for 400+ long term care facilities for-profit chain.
  • Interim Treasury Management for 50 long term care facilities undergoing successful reorganization under Chapter 11 proceedings.
Spectrum Health Partners

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