Project Description

Will Moore CPA, CIRA, FHFMA

Partner

Will Moore has over 25 years of experience working with hospitals and hospital systems, in both the not-for-profit and for-profit sectors, and is based out of 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/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.

Spectrum Role

Will Moore has been a Partner with Spectrum Health Partners since the firm’s inception in 2006. Will considers himself a “generalist,” with broad experience across all of the service lines. He is actively involved in sales and marketing of Spectrum’s services as well as delivering outcomes for clients. Will’s particular niches are in the areas of Strategic Planning, Change Management, Restructuring, Transaction Support and Interim Leadership.

Strengths

Turnaround Management • Crisis Management • Interim Management • Operations Management • Financial Forecasting • Cash Management • Bankruptcy Advisory • Due Diligence Reviews

Expertise

Will began his career serving 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.

Prior to joining Spectrum Health Partners, he 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.

  • Provided transactional and due diligence support on a successful $33.5M nursing home sale involving 403 licensed beds
  • Provided 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
  • Engineered a financial operations turnaround of more than $12M for a 257 licensed bed safety net teaching hospital that included:
    • Radical improvement of reimbursement through clinical documentation improvement and related case mix
    • New program development
    • Operating expense controls
    • Revenue cycle rebuild through IT system redesign, resulting in significant stability of days cash on hand
  • Led a financial operations turnaround for a 234 licensed bed freestanding, community hospital that included:
    • Accounts receivable restructuring
    • Radical improvement of days cash on hand
    • Successful defense of facility bond rating
  • Conducted operational restructuring of a troubled 116 licensed bed hospital facility through staff reductions, non-salary expense controls, and business office redesign, that resulted in successful re-establishment of bond compliance and ultimate execution of facility merger
  • Served as Interim CFO and Corporate Controller of a 900+ licensed bed, four-hospital Chapter 11 bankruptcy case with fiscal management responsibilities that included:
    • Accounting and financial reporting
    • Cash management
    • Operating and capital budgeting
    • Third party reimbursement
    • Tax functions and compliance
  • Served as Interim CFO of a 420 licensed bed for-profit hospital with significant operating losses that were stabilized through labor management and non-salary reductions to breakeven EBITDA
  • Served as Interim CFO of a 305 licensed bed community hospital experiencing IT issues surrounding general ledger and business office implementations
    • Mark led a successful redesign of modules resulting in strengthened financial reporting and days cash on hand.
  • Served as Assistant to Bankruptcy Court Appointed Examiner in assessment of operating quality and management efficiency for 400+ long-term care facilities for-profit chain
  • Provided Interim Treasury Management for 50 long-term care facilities undergoing successful reorganization under Chapter 11 proceedings

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.

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