Healthcare Services Consultant

Description

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.

You will have the opportunity to work with clients in a variety of sectors including health systems and providers, physician groups, ancillary providers, medical schools, vision, laboratory, dental and behavior health;

managed care and health plans, government plans and programs, healthcare investors and lenders, medical devices, healthcare suppliers and infrastructure, and life sciences.

HIG's Healthcare Services practice (HCS), with offices throughout the US, focuses on serving private equity firm's portfolio companies and public and private healthcare companies.

Our HCS services include performance improvement / operational turnarounds, cost optimization, M&A services, finance operations, and interim management (including CFO services) :

• 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 : A&M's 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.

A&M's 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.

• M&A Services : A&M supports companies throughout the M&A lifecycle, including conducting operational / synergy due diligence, integration planning and execution, as well as divestiture and carve-out planning and execution.
• Finance Operations : A&M 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 HCS's 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 an Associate you will be working closely with healthcare clients on a range of complex assignments. You will work in a team environment while using your independent judgment and critical thinking skills to create and drive practical solutions to add value for our clients.

Depending on the client project the responsibilities of an Associate may typically include :

• Rapidly building and maintaining financial and operational models to assess client performance (including synergy analyses, 13 week cash flows, and / or pro forma financial statements)
• Conducting operational data analysis to assist in development of KPI metrics to track and drive meaningful change for our clients
• Evaluating business operations and supporting performance improvement initiatives
• Analyzing process workflows to identify opportunities for improvement and develop solutions
• Participating in client interviews and capturing actionable items
• Forecasting cash flows, analyzing and managing liquidity
• Benchmarking internal and external data
• Performing analysis and developing reports and deliverables
• Preparing client-ready deliverables and presentations; assisting with making presentations to clients
• Conducting healthcare research
• Assisting with the development of presentations, pitch and proposal content

Who will you be working with?

We are not your typical consulting firm. We are entrepreneurial, action oriented and results driven professionals who take a hands-on approach to solving our clients' problems and helping them drive value and growth.

We are nimble, resourceful, proactive, can pivot to adapt quickly, when needed, and develop plans that drive real results.

You will be part of a team that is passionate about delivering transformational change and making an impact in the healthcare industry.

How will you grow and be supported?

As an Associate within the Healthcare Group, you will have the opportunity to take your career to the next level by gaining invaluable industry experience while enhancing and expanding your skillset.

As part of our team, you will collaborate with many experienced professionals who will provide you with developmental feedback and growth opportunities.

We work with each of our employees to create a customized career development plan to ensure you are matched with professional growth opportunities that meet your unique needs and accelerate your career.

We offer a variety of live and virtual training programs, access to best-in-class on-demand training, ongoing on-the-job coaching, a transitional coach to help you acclimate to the practice, and partnership with a mentor who will guide you through your career.

Our Healthcare team prides itself on sustaining a culture that reflects our core values : Integrity, Quality, Objectivity, Fun, and Inclusive Diversity.

We value integrity, quality, and objectivity in our work. We like what we do and with whom we do it. We embrace diversity, foster inclusiveness, and reward merit.

We encourage and support our employees and communities through ongoing investments from leadership, social and networking events, peer-to-peer networks, Employee Resource Groups, volunteer opportunities and pro-bono work.

We are committed to promoting an inclusive environment in which all can develop, grow, and be supported.

Alvarez & Marsal offers competitive benefits and opportunities to support your personal and professional development. Click to learn about our commitment to your well-being .

A&M recognizes that our people drive our growth, and you will be provided with the best available training and development resources through formalized training and on the job training.

Learn more about why A&M is a great place to work.

Who are we looking for?

Our Associates possess a high aptitude for financial and operational analysis and will leverage their excellent written and verbal communication skills to work with senior leaders and clients.

We are seeking someone to join our team with an entrepreneurial and collaborative mindset who works well with ambiguity and thrives in a fast-paced environment.

As an Associate you will have the opportunity to demonstrate your leadership, integrity and objectivity when interacting with clients at all corporate levels.

• High energy individuals with a passion for healthcare and solving complex issues
• A minimum of three (3) 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 focus
• Working knowledge of the healthcare industry
• Strong Microsoft Excel and modeling skills are a must; the ability to create and maintain models such as synergy analyses, pro forma financial analyses, and / or 13 week cash flows is a plus
• A strong understanding of accounting and finance including the ability to review and understand financial statements and disclosures
• Excellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnel
• Solid project management and organizational skills
• Ability to conduct operational data analysis and synthesize information to assist in the development of reports and KPIs is a must
• Advanced Microsoft PowerPoint and Excel skills a must; experience with Visio, Tableau or Power BI, SQL, SPSS, benchmarking is a plus
• 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
• Professional certifications such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or demonstrated progress toward such certifications

Compensation Statement

The annual base salary range is $90k - $115k, commensurate with experience. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance.

Please ask your recruiter for details.

Benefit Summary

Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings' fringe benefits consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined from time to time as well as a 401(k) retirement plan.

Provided the eligibility requirements are met, employees will also receive a discretionary contribution to their 401(k) from Alvarez & Marsal.

Additionally, employees are eligible for paid time off including vacation, personal days, seventy-two (72) hours of sick time (prorated for part time employees), ten federal holidays, one floating holiday, and parental leave.

The amount of vacation and personal days available varies based on tenure and role type. Click here for more information regarding A&M's benefits programs.

Alvarez & Marsal recruits on an ongoing basis. Candidates are considered as they apply, until the opportunity is filled. Candidates are encouraged to apply expeditiously to any role(s) that they are qualified for and that are of interest to them.

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