WARBIRD’S CFO STRATEGIC SERVICES

Warbird Healthcare has built a network of senior healthcare CFO professionals that provide steady-hand guidance to navigate our clients through tumultuous times of change.

Our CFO Network and healthcare professionals and advisors include seasoned subject matter experts — with an average of 30 years in the healthcare industry, and 20 + years as CFOs — who understand the time and resources required to manage finance and accounting teams. Guided by Warbird professionals, you will discover how to manage financial volatility and pursue operational improvement.

Warbird deploys only practitioner leaders to evaluate business needs, identify areas of improvement and execute solutions, with a proven record of driving results.

Areas of Expertise
  • Senior, tenured financial leadership who partner with the executive team and the Board of Directors

  • Performance Improvement Assessment & Implementation
    • Service Line (clinical and non-clinical) – and incremental approach
    • Link PI™ – An educational and developmental approach with managers
    • Health systems, community and rural hospitals
    • Physician practices
    • Full Turnaround
  • Assistance with Networking with Hospital CFOs from across the County
  • Linking the business strategy of the hospital or system with a long-range financial impact

  • Mapping a financial strategy and long-range plan through modeling and forecasting

  • Prioritizing and implementing plans for debt management, cash flow, EBIDTA production, affiliations, integrations and mergers, acquisitions (including physician group practices) and asset divestitures

  • Providing decision support to executives and senior managers, including:
    • ROI and payback analyses for clinical, non-clinical and physical assets
    • Non-performing asset analyses and disposition
    • Banking, auditing and investment manager relationships
  • Special projects such as:
    • Telemedicine value proposition analysis and program development
    • Finance operations structure and staffing analysis
    • Physician practice service line financial analysis
    • Joint venture assessment, structure and execution
  • Identification of best comparative metrics for internal analysis and benchmarked comparisons

  • Strategic support to incumbent CFOs for any and all finance-related projects, goals or objectives to be achieved
  • OnDemand strategic finance and finance operations practitioners to fill the most critical vacancies

  • Finance operations analysis and recommendation to optimize performance in areas such as:
    • Monthly close
    • Board of Directors Management Discussions and Analyses
    • Metrics and dashboards for the executive team and Board
    • External reporting guidance; rating agencies, investors and the community
  • Provide direct support to the CFO to independently lead, manage and implement complex projects simultaneously, leveraging skilled talent and effective project oversight

  • Representative projects include:
    • Execution of bond or private placement financing
    • Management of investor and rating agency relations
    • Joint venture planning, development and implementation
    • Acquisition and integration of physician group practices
    • Review and development of physician compensation plans
    • Revenue Cycle restructure and improvement initiatives
    • Service line profitability analyses
Featured Clients

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McCormick Place, Alternative Care Facility (COVID-19)

Identified $1.4M of expense compliance saving opportunities for the State of Illinois and its taxpayers

Nick Turkal, MD, CEO, McCormick Place ACF & Michael Pacetti, CFO and Co-CEO, DuPage Medical Group
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Intermountain Healthcare Telemedicine/Virtual Care

Calculation of 20% positive hard economic value proposition gain for Telemedicine Program

Eric Liston, Administrator, Connect Services & Jim Sheets, VP, Outreach Services
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Centegra Health System/Northwestern Medicine

$34M Turnaround in 15 months, Preparation for integration with Northwestern Medicine

John Orsini, Sr. VP and CFO, Northwestern Medicine and Michael Eesley, Former President & CEO, Centegra Health System
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Baptist Health South Florida

Installed a governance process which helped make the strategic, capital and IT functions understandable and accountable across the system

Ralph Lawson, EVP and CFO (former)
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Augusta Health, Virginia

Over $20 million in performance improvement economic benefits in 14 months

Mary Mannix, President and CEO & John Katsianis, Sr. VP & CFO
Read Case Study
National Presence, Local Impact
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WARBIRD EXPERTS

NEWS

Warbird and its CFOs have been members of the Healthcare Roundtable for CFOs continuously since 1993.

Opportunities for new memberships to the CFO Roundtables are now open.

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CASE STUDIES
RELATED SERVICES

HOW CAN WE HELP?

Warbird will help you solve the most challenging financial and operational issues for your organization. Click button to contact us today.

DOUG FENSTERMAKER

Managing Partner and Sr. CFO

Doug has 35 years of healthcare experience, primarily in executive management and senior leadership positions. Doug has functioned successfully as a managing partner in several roles including his present role as leader of the CFO Consulting Network within Warbird’s Healthcare Practice. He has also performed as a Sr. CFO (interim) and Sr. Financial Advisor to hospital and system clients. He has provided expertise in financial turnarounds and in margin and performance improvement efforts. Doug also assists Warbird Healthcare in business sales origination and client network relationships. He joined Warbird Consulting Partners as its Healthcare Managing Parter in January 2012.

Sub-Specialties

  • System integration, acquisitions and hospital closure process and management (asset rationalization strategies)
  • Performance and margin improvement
  • Turnaround and preparation for an affiliation or merger integration
  • Long-range strategic planning
  • External business strategies, process and relationships, including acquisitions, divestitures, affiliations and mergers
  • Post-turnaround implementation profitability programs and measurement
  • Specialized Subject Matter Expert projects

Professional Experience

In 1999, Doug joined Stockamp & Associates as a partner and managing director. Stockamp was acquired by Huron Consulting Group in 2008. Prior to his tenure at Stockamp, Doug’s career included 18 years of experience as a CFO, including work for the HealthEast Care System in St. Paul, Minnesota and at Good Samaritan Hospital within the Legacy Health System in Portland, OR. While at Legacy, Doug also served as Corporate Senior Vice President for Managed Care and Revenue Management.

Doug has a BA in Economics from the University of California, Santa Barbara and a Master of Public Administration (Financial Planning) from California State University, Long Beach.

 

CONTACT

EDUCATION AND CERTIFICATIONS

Bachelor of Arts, Economics: University of Southern California, Santa Barbara

Master of Public Administration (Financial Planning); California State University, Long Beach

PROFESSIONAL ASSOCIATIONS

Healthcare CFO Roundtable, member since 1993

Healthcare Management Academy, member since 2001

American Hospital Association, executive liaison since 2007