Senior Consultant, Healthcare Services - IT

About the position

Alvarez & Marsal (A&M) is a premier, independent, global professional services firm specializing in advising organizations on solving complex business problems, including turnaround management, restructuring, operational and financial performance improvement, strategy and value creation. The Healthcare Industry Group, a subsidiary of A&M, is at the forefront of delivering transformational change to the healthcare industry. Known as an established leader that delivers tangible results for healthcare executives, boards, private equity firms, investors, law firms and government agencies, our professionals advise organizations on financial and operational performance improvement, strategic growth and unlocking value across the investment lifecycle. Our team provides additional expertise in interim management, restructuring, revenue cycle management, mergers and acquisitions, compliance and regulatory, digital technology and analytics.

Responsibilities

• Identifying and implementing opportunities to significantly reduce cost structure by redesigning technology and operations org structures, reducing applications or IT vendor redundancies, eliminating non-value-added processes, and refocusing the business on most value added processes
• Optimizing overall technology stack (systems, products, process, data, security, team) to drive top line and bottom line improvement or dive into specific aspects of companies technology investments (e.g. clinical applications, corporate applications, end-user-compute, data, infrastructure, network and security) to inform vital board and c-level decisions associated with growth and cost takeout
• Developing IT synergy model, one-time-cost profile, TSA and carve-out considerations pre-deal (M&A) and executing integrations, TSA exits and value creations post-deal
• Providing guidance to manage a client through crisis and/or quick solutions and time frames by assisting in structuring and executing on a performance improvement plan
• Developing operational data analysis to develop KPI metrics to track and drive meaningful change. Conducting client interviews to gain an understanding of and evaluate aspects of client situation and operations
• Effectively summarizing, drawing conclusions and creating recommendations from large data sets or analyses
• Leading various work streams within a project, including managing day to day engagement priorities with guidance from senior leaders
• Preparing client-ready deliverables and presentations; making presentations to clients
• Coaching and mentoring junior staff both formally and informally
• Building relationships with clients and seeking opportunities to expand the scope of business
• Supporting marketing initiatives by assisting with the pitch preparation process and creation of marketing materials
• Helping to build product and service offering tools and templates

Requirements

• A minimum of seven (7) years of prior work experience in healthcare, consulting or healthcare industry such as healthcare banking, accounting, audit, private equity, or healthcare operations with a healthcare IT focus
• Experience in acquisition, integration and transformation from an IT deal perspective
• Experience in one or more industry leading Clinical Application domain (e.g. EMR/EHR, Practice Management etc.)
• Experience in one or more industry leading Med tech manufacturing applications (e.g. MES, QMS, Inventory Management Systems etc.)
• Experience in one or more industry leading corporate functional domain (HRIS, ERP/Finance, Cloud Stack etc.)
• Advanced analytics and reporting skills
• Advanced level of Excel proficiency and experience in financial modeling a must
• Advanced Microsoft PowerPoint and Excel skills a must; experience with Visio, Tableau or Power BI, SQL, SPSS, benchmarking a is plus
• Solid project management and organizational skills
• Working knowledge of healthcare industry, including a fundamental understanding of healthcare finance, operations, valuation and various laws and regulations is a must
• Ability to use sound judgment and escalate project issues to project managers or engagement leaders
• Ability to coach and mentor junior staff
• Excellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnel
• Willingness and ability to travel as required
• BA/BS degree and/or MBA/MS in Accounting, Finance, or other related healthcare fields such as MHA or MPH

Benefits

• Healthcare plans
• Flexible spending and savings accounts
• Life, AD&D, and disability coverages
• 401(k) retirement plan with discretionary contribution
• Paid time off including vacation, personal days, sick time, federal holidays, floating holiday, and parental leave