Derek Pierce
Managing Director
Derek has more than 20 years of professional experience focused solely in the healthcare industry having served as chief financial officer, chief restructuring officer, director of reimbursement, court-appointed examiner, Medicare auditor, Medicare cost report preparer, forensic accountant, compliance consultant, financial auditor and financial advisor. He has audited, managed and consulted with all types of healthcare providers including government owned, community not-for-profit, academic and investor-owned entities.
Most recently, Derek served as the restructuring chief financial officer of a two-campus, not-for-profit hospital in Chapter 11 bankruptcy. In addition to his CFO responsibilities, he led the Section 363 sale process and conducted a forensic review into the circumstances that led to the hospital’s bankruptcy filing. Throughout the project, Derek worked closely with senior lenders, debtor-in-possession lenders and the applicable federal loan program to a successful plan of reorganization.
Starting his career with the Medicare fiscal intermediary as a Medicare auditor, Derek developed deep expert knowledge of the patient revenue cycle, third-party contracting, Medicare and Medicaid rules and regulations. He is an expert in the areas of corporate and regulatory compliance and forensic accounting in conjunction with the defense of civil and criminal fraud claims or allegations. He led teams conducting forensic analysis in support of settlement negotiations with the government at both Hospital Corporation of America (HCA) and HealthSouth Corporation, two of the largest and most complex civil fraud settlements in history.
Derek has served as an interim COO of a Chapter 11 investor-owned medical practice and home health company operating in 15 states. During this assignment, he negotiated the settlement and release of Medicare civil fraud claims enabling the successful Section 363 sale of the company’s operating units. Derek has also served as financial advisor to the official committee of unsecured creditors for a large urban teaching hospital in bankruptcy.
In his career, Derek has led or participated in interim management and consulting assignments for more than 40 healthcare providers, including Baptist Memorial Health Care, National Health Service (United Kingdom) Washington Hospital Center, Lifepoint Hospitals, Tampa General Hospital, Legacy Health System and IASIS Healthcare.
Prior to joining HMP as a managing director, Derek was a director with Alvarez & Marsal in its New York-based healthcare practice. Before that, he was a senior manager with Arthur Andersen in its Atlanta-based healthcare consulting practice.
2001 Park Place
Suite 1400
Birmingham, AL 35203
(205) 202-0459 (direct)
(615) 584-0719 (cell)
(615) 523-1835 (fax)