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Director, Healthcare Services - MandA

Location: Dallas, TX, United States Date Posted: Oct 9, 2024

Description

Alvarez and Marsal (AandM) is a premier independent global professional services firm specializing in providing turnaround management, restructuring, performance improvement and corporate advisory services.

The Healthcare Industry Group (HIG), a subsidiary of AandM, is an established leader known for delivering tangible results for healthcare c-suite executives, boards, private equity firms, investors, law firms and government agencies that are facing complex challenges. We are at the forefront of delivering transformational change to the healthcare industry. Our professionals advise our clients on financial, operational and market performance by assessing all aspects of their operations and providing comprehensive services, including analyzing revenue and financial information, conducting process reviews, identifying key business drivers, and managing risk and compliance issues. HIG also provides services such as revenue cycle management, mergers and acquisitions, compliance and regulatory, information technology and interim management.

We are not your typical consulting firm. We are a group of entrepreneurial, results-oriented professionals who take a hands-on approach to solving our clients problems. Our key differentiation in the marketplace is the combination of know-how and do-how.

HIGs Healthcare Services practice (HCS), with offices throughout the US, focuses on serving private equity firms portfolio companies and public and private healthcare companies. Our HCS services include performance improvement/operational turnarounds, cost optimization, MandA services, finance operations, and interim management

• MandA Services: AandM supports companies throughout the MandA lifecycle, including conducting operational/synergy due diligence, integration planning and execution, as well as divestiture and carve-out planning and execution.
• Performance Improvement/Operational Turnaround: Whether serving in interim management roles or in a performance improvement advisory capacity, we draw on deep operational heritage and proven approaches (such as our proprietary rapid results diagnostic) to assess businesses and identify key areas impeding performance quickly and effectively.
• Cost Optimization: AandMs cost optimization program is a holistic, cross-functional approach that focuses on quickly identifying high-impact opportunities for EBITDA and cash flow improvements across the entire cost structure. AandMs cost optimization focuses on driving significant improvements in cost structure by providing full transparency on cost and margin profiles to simplify and streamline the business and increase the efficiency of overhead costs.
• Finance Operations:AandM drives improvement to its clients finance operations, including management reporting and optimization of the month-end close process.
• Interim Management: In select instances, one of HCSs experienced operators may step into an interim role (i.e. CEO, COO, CFO) to drive change while a full-time replacement is being recruited.

What will you be doing?

As a Director you will be a player-coach - leading a team and acting as the main conduit between Healthcare clients and our team on a range of complex assignments, many of which will be centered around MandA diligence, integrations and separations. You are responsible for end-to-end delivery of projects, including: overseeing interview activities, gathering relevant data, modeling, creating valuable insights and deliverables, developing goals and deadlines, reviewing work product of junior staff and communicating with clients directly. Depending on the client project the responsibilities of a Director may include:

• Leading clients and internal teams through the full MandA lifecycle, including operational/synergy due diligence, carve-outs and int gration planning and execution Working closely with other AandM teams working on deals, such as financial, HR and IT due diligence and integration teams, analytics teams, and offshore support teams
• Developing hypotheses around potential value levers in MandA transactions based on industry experience and specifics of client situation
• Conducting interviews with senior Client and Target stakeholders
• Rapidly analyzing various types of financial and operational data to assess potential value levers
• Supporting Day 1 planning, operating model definition and transaction execution initiatives
• Identifying value creation opportunities, including assessing areas for cost reduction through efficiencies such as redesigned organizational structures and redundant services
• Improving client tracking tools and developing KPIs and metrics to identify and quantify quality and operational performance improvement opportunities
• Management and support of engagement economics and overall product delivery, budgeting, and timely billing and collections including managing the implementation risk and profitability for smaller-scale projects
• Communicating and engaging with clients to foster compatible relationships and provide high-quality updates both written and verbal
• Managing performance of project teams, including assigning and delegating project responsibilities and providing on-the-job coaching and constructive feedback
• Engaging in c-suite and board level conversations regarding the challenges facing clients and strategic initiatives for solving them
• Developing transition and hand off plans to ensure that improvements are sustainable
• Acting as integral member of sales team developing significant portions of proposal and pitch documents
• Building relationships with clients and seeking opportunities to expand the scope of business while generating leads
• Managing and mentoring junior staff including training and development

Who are we looking for?

We are seeking someone to join our team with an entrepreneurial and collaborative mindset who will manage ambiguity and thrive in a fast-paced environment. We are looking for:

High-energy individuals and leaders with a passion for healthcare and solving complex issues

A minimum of Eight (8) years of prior work experience in healthcare consulting or healthcare industry such as healthcare operations, banking, or private equity

Prior experience with MandA transactions and/or healthcare operations

Ability to work in a high-pressure environment with stringent timelines

Ability to identify key operational performance drivers and flexibility to support a broad array of clients

Experience with managing client engagements, deliverables and workstreams while mentoring junior staff

Excellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnel

Working knowledge of healthcare industry, including a fundamental understanding of healthcare finance, operations, valuation and various laws and regulations

Willingness and ability to travel as required

Advanced level of Excel proficiency and experience in financial modeling and analysis; ability to build synergy, standalone and overall MandA deal models

Advanced Microsoft PowerPoint and Excel skills a must; experience with Visio, Tableau or Power BI, SQL, SPSS, benchmarking is a plus

BA/BS degree and/or MBA/MS in Accounting, Finance, or other related healthcare fields such as MHA or MPH

Professional certifications such Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or demonstrated progress towa