Apex Healthcare Group Structures Unique Consultancy for Health-Care Provider Organizations Facing “Apex Decisions” in the Post-Reform Era
October 18, 2010: Health care is the largest and fastest growing U.S. business sector, with the $2.4 trillion spent on health care in the United States representing more than 17 percent of national GDP. Provider organizations in this enormous market face unprecedented challenges from the new cost, service, and regulatory complexities associated with the Patient Protection and Affordable Care Act—the national health reform legislation. To deal with these new realities, innovative consulting firm Apex Healthcare Group, LLC, has exceptional capabilities for advising chief executive officers, boards, and other senior leaders of health systems, academic medical centers, large physician practice organizations, and specialty organizations. Apex also advises non-health-care organizations facing apex challenges.
Since 2008, Los Angeles-based Apex Healthcare Group, led by founder and principal Mark G. Harrison, has provided organizational diagnosis, problem solving, and solution implementation for large, sophisticated health-care organizations and specialty organizations. Focusing on “apex” issues that must be confronted at the organizational apex and that draw on his background in strategy, governance and leadership, operations, finance, and capital markets (finance and mergers, acquisitions, and divestitures), Mr. Harrison has combined senior executive leadership experience with broad and deep health-care capabilities and expertise in strategy, business development, and finance. He also is skilled in health policy and planning as well as organization governance structuring and mission analysis—all major areas of emphasis affected by health reform.
“The leadership of organizations throughout the health-care sector will face enormous challenges as new rules take effect now and in the future and need experienced guidance to make informed decisions in this new environment,” Mr. Harrison stated. “Whether those decisions center on operating and financial performance issues, strategic business combinations, governance oversight, or other responsibilities, the winners in the new health reform era will be those provider organizations that do the best at managing operating outcomes, financial results, and strategic positioning effectively. With our broad experience and senior-level perspective, Apex Healthcare Group is prepared to be a valuable partner to our clients in their ‘apex’ decision-making processes.”
Apex Healthcare Group has advised executives and boards of such organizations as Baylor College of Medicine (a $1.2-billion revenue, independent medical education, clinical, and research leader), CalRHIO (California’s not-for-profit Regional Health Information Organization), and Tucson Medical Center (a 612-bed teaching hospital in Tucson, Arizona). Apex also advises non-health-care clients, such as its recent engagement with The United Methodist Church—a more than 11-million member worldwide organization. Areas of consulting focus with these and other clients include
- Leadership concerns such as organizational diagnosis, crisis management, and building executive bench strength
- Governance challenges involving internal conflict resolution and proper alignment of organizational structure with performance objectives and risk management
- Strategic decisions focused in such areas as business combinations and remedial action for underperforming operations
- Management reporting systems and management process design for better decision making and accountability
- Capital and credit assessment, structuring, and management
Mr. Harrison has exceptional qualifications to assist with these and other crucial health-care issues. His 20-year health-care investment banking career, which began on Wall Street and extended to California and the western United States, focused on assisting health-care providers and insurers with mergers, acquisitions, divestitures, and capital markets financing. Subsequently, he served as the chief financial officer of Allina Hospitals and Clinics, a large integrated delivery system based in Minneapolis, Minnesota, where he was responsible for strategy, internal consulting, payer contracting, revenue cycle, supply chain, and real estate management in addition to the finance function.
In his most recent executive role, Mr. Harrison served as the chief financial officer at DaVita, a Fortune 500 public company specializing in renal care. At DaVita, his responsibilities included investor relations, general and administrative expense management, enterprise risk management, and strategy development, as well as finance. With master’s degrees in public health and in business administration from Columbia University and service as a board of directors member for CalRHIO and other organizations, Mr. Harrison combines conceptual analytical skills with practical hands-on experience.
“In the post-reform era, senior management and boards of health-care organizations must approach and resolve apex issues of organization dynamics, finance, and strategy with objectivity and multidisciplinary competence,” Mr. Harrison said. “At Apex Healthcare Group, we understand these challenges and address them with a service approach in which we lead, collaborate with, and advise our clients. We know how to frame and diagnose current or emerging issues, develop a plan for resolution, and implement it with objectivity, creativity, and integrity. We can provide an external catalyst for change as an internal partner of our client organization.”