Grassi Healthcare | Performance Improvement | Representative Engagements
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Performance Improvement

  • Multi-site Continuing Care System including skilled nursing facilities, home care, and continuing care retirement community (CCRC)

    Project Description: Provided interim CEO and CFO services for continuing care health system in process of sale and restructuring.

    Results / Value Proposition:  

    Accomplishments during this engagement so far:
    • Managed communication of sale to employees and stakeholders without significant fallout
    • Corrected census performance issues in subacute care units by redefining admission criteria based on sound financial principles resulting in improved census and revenue
    • Established cash management system during period of financial stress  after loss of profitable subsidiary and lack of resources 
    • Negotiation of contract renewal with SEIU 1199 in three facilities
    • Negotiated renewal of insurance policies with significant financial savings
    • Improved compliance program which then withstood a focused compliance plan review by OMIG
    • Managed long-standing bond covenant non-compliance
    • Managed post-contract sale process and transitional issues with purchaser

  • Ambulatory Surgery Center with two urban locations

    Project Description: Assisted client with development and ongoing monitoring of a cash management program, as well as access to alternative funding.  Develop and implement a business improvement plan focused on increasing volume of cases with strategic linkages.

    Results / Value Proposition: Client was better able to manage cash flow and was able to demonstrate improvements to lender.