Long-time healthcare industry veteran to lead Nashville-based healthcare consulting firm.
NASHVILLE, Tennessee (BusinessWire) – Nashville-based HMP Senior Solutions, a leading provider of operational management and leadership for senior living and skilled nursing facilities, today announced that Shawn O'Conner has been appointed to the position of President and Chief Executive Officer, effective immediately. He will be replacing Scott Phillips, who will be transitioning into the newly created role of Chairman, HMP Senior Solutions. O'Conner has served as the company's Executive Vice President and Chief Development Officer since April, 2022.
“Shawn's strong operational focus, strategic acumen, and experience driving both growth and profitability are exactly what we need for HMP Senior Solutions next chapter,” said Phillips. “With a deep and talented leadership bench in place, I am confident that he will take the Company forward and create incredible value in the years ahead.”
Mr. O'Conner has more than a decade in healthcare leadership and success in leading the operations of healthcare organizations. Prior to joining HMP Senior Solutions, he served as the Senior Vice President of Operations for Signature Healthcare, LLC, where he was responsible for the overall management and operations of 50 skilled nursing and assisted living communities in Alabama, Florida, Georgia and Tennessee.
Shawn has a Master of Business Administration from Bethel University and a Bachelor of Science in Business Administration from Cumberland University.
About HMP Senior Solutions
Nashville-based HMP Senior Solutions is the trusted partner for operational management and leadership of senior care facilities. The company is committed to providing innovative solutions to today's shifting challenges for a diverse array of clients. Through its subsidiaries, HMP Senior Solutions manages almost 40 facilities in 7 states. For more information about the company can be found on its website. All references to “HMP Senior Solutions,” or the “Company” used in this release refer to HMP Senior Solutions, LLC or its affiliates.
Long-time healthcare industry veteran joins Nashville-based healthcare consulting firm.
NASHVILLE, Tenn. (BusinessWire) – Nashville-based HMP Senior Solutions, a leading provider of operational management and leadership for senior living and care facilities, today announced that Kim Vermilyea, RN, BSN, WCC, NHA, MBA/HCM, has been selected as Chief Nursing Officer and has joined the organization in that role.
With over 25 years of leadership in the healthcare industry working in acute and long-term care settings, Vermilyea has vast experience as a clinical and operations executive in multi-state and multi-facility enterprises where she implemented strategic clinical policies that improved residents' care, welfare, and satisfaction.
Vermilyea will lead all nursing initiatives that support HMP Senior Solutions mission, vision, and values to ensure safety, quality, and best practices across all facilities' patient care and experience programs.
"We are excited to have Kim join HMP Senior Solutions to lead the nursing and clinical care teams within the senior living and skilled nursing facilities we operationally manage,"”" said Scott Phillips, CEO, HMP Senior Solutions. "Kim is an inspirational leader with proven talents for identifying best practices and creating areas of improvement in clinical practice throughout the communities we serve. We are pleased to have her as part of our executive management team."
Prior to joining HMP Senior Solutions, Vermilyea most recently served as Senior Regional Vice President with Signature Healthcare LLC, where she was responsible for the overall management and operations of 11 skilled nursing facilities in Florida and Georgia. Prior to that, she served in several leadership roles within Signature Healthcare, LLC, both on the clinical and operational side of the business, including Director of Nursing, Regional Vice President, Senior Regional Vice President and Chief Operating Officer.
Kim has her Master of Business Administration and Master of Health Care Management from the University of Phoenix and a Bachelor's degree of Science in Nursing from Daemen College.
About HMP Senior Solutions
Nashville-based HMP Senior Solutions is the trusted partner for operational management and leadership of senior care facilities. The company is committed to providing innovative solutions to today's shifting challenges for a diverse array of clients. Through its subsidiaries, HMP Senior Solutions manages almost 40 facilities in 7 states. For more information about the company can be found on its website. All references to “HMP Senior Solutions,” or the “Company” used in this release refer to HMP Senior Solutions, LLC or its affiliates.
Nashville, Tenn., – (March 29, 2022) – HMP Senior Solutions, a Nashville senior care startup is shaking up its C-suite.
HMP Senior Solutions has named Scott Phillips as its president and CEO, according to a news release.
Phillips, the managing director of HMP's parent company Healthcare Management Partners, succeeds Don Bivacca, who will become an emeritus member of HMP's board of directors.
HMP provides portfolio management, regulatory response, distressed facility, change of ownership, operational management and leadership services to senior care facilities, according to its website.
"In only two years, Don brought Senior Solutions from a concept to the manager of thirty-nine eldercare facilities (assisted living, skilled nursing and CCRC) in seven states. We are very proud of Don's accomplishments and look forward to building on the strong foundation he constructed for the company," Phillips said in the release.
In addition to Phillips' appointment, Mary DePietro has been named executive vice president and chief operating officer of HMP, while Shawn O'Conner will become the company's executive vice president and chief development officer, according to the release.
"Mary and Shawn deliver extensive experience from top senior-living organizations, and they will be instant assets to our patients, residents and families," Derek Pierce, managing director of Healthcare Management Partners said in the release. "We are excited to bring these senior professionals on board and they are ready to hit the ground running as we continue to grow our capacity to meet the needs of senior housing, assisted living facilities and skilled nursing facilities clients who are seeking innovative solutions to today's shifting challenges."
Original article can be found at the Nashville Business Journal
Nashville, Tenn., – (March 28, 2022) – HMP Senior Solutions, a Nashville-based partner for operational management and leadership of senior care facilities serving a diverse array of national clients, announced today the appointment of the following seasoned professionals:
Phillips, who is also the Founder and Managing Director of Healthcare Management Partners, LLC, the corporate parent of HMP Senior Solutions, will succeed Don Bivacca, HMP Senior Solutions founding President and CEO.
According to Phillips, "In only two years, Don brought Senior Solutions from a concept to the manager of thirty-nine eldercare facilities (assisted living, skilled nursing and CCRC) in seven states. We are very proud of Don's accomplishments and look forward to building on the strong foundation he constructed for The Company."
Don will continue with Senior Solutions as an Emeritus Member of the Company's Board of Directors.
In addition to his new role with HMP Senior Solutions, Phillips will continue to lead Financial Advisory and Expert Testimony assignments for HMP's clients.
At HMP Senior Solutions, DePietro will concentrate on Facility Operations, Clinical Quality and Resident Services, to ensure that every resident or patient in a Senior Solutions owned or managed facility receives quality compassionate care delivered efficiently in a safe and comfortable environment. She joins Senior Solutions from Vitality Living / Traditions of Smyrna, where she had served as the Executive Director. She has over 30 years' experience in the eldercare sector, including acting as Managing Director at Provident Resources Group where she focused on operations and management of Long-Term Care Services. DePietro received a bachelor's degree in Business Administration, Management and Operations from The University of Mary Washington.
At HMP Senior Solutions, O'Conner will concentrate on development and implementation of the Senior Solutions “Cluster Strategy” an innovative operating structure that brings together multi-hospital system partners with a custom designed not-for-profit cluster of highly focused eldercare facilities (SNF and ALF) in select urban markets with appropriate demographics. The “Cluster Strategy” is designed to deliver a high quality and cost-effective continuum of care for its patients and its hospital system partners.
In addition to his primary responsibilities for the “Cluster Strategy”, O'Conner will work with DePietro to quickly establish uniform standards for delivery of skilled nursing care across the enterprise. O'Conner has spent the last 11 years at Signature Healthcare in Louisville overseeing operations for 47 skilled nursing facilities across Alabama, Florida, Georgia, and Tennessee. O'Conner received a Bachelor of Business Administration, Business Administration and Management, General from Cumberland University and went on to earn a Master of Business Administration from Bethel University.
"Mary and Shawn deliver extensive experience from top senior living organizations, and they will be instant assets to our patients, residents and families," said Derek Pierce, Managing Director, Healthcare Management Partners LLC. "We are excited to bring these senior professionals on board and they are ready to hit the ground running as we continue to grow our capacity to meet the needs of senior housing, assisted living facilities and skilled nursing facilities clients who are seeking innovative solutions to today's shifting challenges."
Please visit HMP Senior Solutions for more information.
HMP Senior Solutions is the trusted partner for operational management and leadership of senior care facilities, providing innovative solutions to today's shifting challenges for a diverse array of clients. Through its subsidiaries, HMP Senior Solutions manages almost 40 facilities in 7 states. More information about the company, which is headquartered in Nashville, Tennessee, can be found on its website. All references to "HMP Senior Solutions," or the "Company" used in this release refer to HMP Senior Solutions, LLC. or its affiliates.
Nashville, Tenn., – (June 7, 2021) – HMP Senior Solutions announced today that Jeanne Freeman has been appointed as Executive Director of Gordon Oaks Senior Living Community in Mobile, Alabama effective May 17.
As Executive Director, Freeman will oversee the direction of Gordon Oaks' operations and memory care and holistic wellness programs, while ensuring compliance with state regulations.
Jeanne's extensive experience leading programs for assisted living and senior care facilities makes her a valuable addition to the residents and staff at Gordon Oaks and to our team,
said Don Bivacca, Chief Executive Officer (CEO) of HMP Senior Solutions. Jeanne is well positioned to lead and maintain successful operations for Gordon Oaks and we are pleased to welcome her to the HMP Senior Solutions family.
Prior to joining HMP Senior Solutions, Freeman held Executive Director positions at Knollwood Pointe Assisted Living and Memory Care in Mobile, Alabama and Fairhope Health and Rehab, Fairhope, Alabama.
Freeman is a licensed nursing home administrator in Alabama and a Category II assisted living administrator. Freeman earned a bachelor's degree in health services administration from Auburn University.
To learn more about HMP Senior Solutions, please visit HMP Senior Solutions.
HMP Senior Solutions is the trusted partner for operational management and leadership of senior care facilities, providing innovative solutions to today's shifting challenges for a diverse array of clients. Through its subsidiaries, HMP Senior Solutions manages more than 30 campuses in 7 states. More information about the company, which is headquartered in Nashville, Tennessee, can be found on its website. All references to HMP Senior Solutions,
or the Company
used in this release refer to HMP Senior Solutions, LLC. or its affiliates.
Nashville, Tenn., – (June 2, 2021) – HMP Senior Solutions announced today that Michelle Lee Lair has been appointed as Vice President of Clinical Services effective May 10.
Lair has vast experience as a clinical and operations executive in multi-state and multi-facility enterprises where she implemented strategic clinical policies that improved residents' care, welfare, and satisfaction.
Prior to joining HMP Senior Solutions, Lair served as Vice President of Clinical Services at Southwest LTC for two years.
Michelle is a welcome addition to the HMP Senior Solutions family,
said Don Bivacca, Chief Executive Officer (CEO) of HMP Senior Solutions. Her clinical and operational expertise will be a great benefit to our facilities' residents and staff. We are thrilled to have her join our team.
Under her direction, Lair will develop strategies to maintain each facility's commitment to high quality clinical care and family satisfaction, while overseeing all facility operations and financing.
Lair holds a bachelor's degree in nursing from the University of Texas, as well as an associate degree in nursing from Hutchinson Community College. Lair is certified in MDS, infection control, wound care and telemetry and has served as a member on several councils including the Nurse Executive Council with the American Health Care Association (AHCA), the Nurse Council with the Texas Health Care Association and the National Council with the Good Samaritan Society.
Lair is currently enrolled in the Master of Health Administration program at the University of Louisiana.
To learn more about HMP Senior Solutions, please visit HMP Senior Solutions
HMP Senior Solutions is the trusted partner for operational management and leadership of senior care facilities, providing innovative solutions to today's shifting challenges for a diverse array of clients. Through its subsidiaries, HMP Senior Solutions manages more than 30 campuses in 7 states. More information about the company, which is headquartered in Nashville, Tennessee, can be found on its website. All references to "HMP Senior Solutions," or the "Company" used in this release refer to HMP Senior Solutions, LLC. or its affiliates.
Nashville, Tenn., – November 12, 2020 – Healthcare Management Partners, LLC (HMP), a leading turnaround management and financial advisory firm for healthcare organizations, is pleased to share that Managing Director Jessica Scouten, CPA, CFE, CIRA, MAFF, has been appointed to the Board of the Tennessee Turnaround Management Association (TMA).
Scouten will join the TMA board that serves the chapter's nearly 100 statewide members and support TMA's mission of working with companies to improve performance, manage disruption, work through insolvency, and drive improved results.
This appointment is a testament to Scouten's extensive experience in restructuring, having spent nearly 15 years delivering successful litigation support to a variety of clients.
Scouten currently leads HMP's Litigation Support and Investigations practice, where she directs HMP's team of healthcare professionals to provide law and accounting firms; healthcare providers, payers, and suppliers; banks and private equity, government entities, and others, with a range of litigation support and investigative services, including expert testimony.
In addition to her role on TMA's board, Scouten is a member of the American Institute of Certified Public Accountants and National Association of Certified Valuation Analysts, among other professional associations. Scouten is also a Certified Fraud Examiner, a Master Analyst in Financial Forensics and a Certified Insolvency and Restructuring Advisor.
Learn more about HMP and our Litigation Support and Investigations practice.
Original Post - Nashville Medical News
Nashville, Tenn., – November 12, 2020 – Healthcare Management Partners, LLC (HMP), a leading turnaround management and financial advisory firm for healthcare organizations, is pleased to share that Managing Director Don Bivacca has been appointed to the Board of the Tennessee Commission on Aging and Disability (TCAD) by Governor Bill Lee and has been named Tennessee State President of the American Association of Retired Persons (AARP).
These appointments are a testament to Bivacca's 30-year career driving successful operation of healthcare organizations and his commitment to the senior healthcare sector.
Bivacca will join the TCAD Board in coordinating and leveraging resources and developing programs that support comprehensive and coordinated community-based systems and protect and ensure the quality of life and independence of older Tennesseans and adults with disabilities.
As state president of Tennessee AARP, Bivacca will lead the AARP Tennessee Executive Council and oversee its work with the national AARP staff to determine priorities and develop programs that impact Tennessee's senior population.
Bivacca currently leads HMP's Senior Solutions division, which manages senior care facilities with a focus on senior housing including assisted living and skilled nursing facilities. In partnership with Pathway Health, HMP Senior Solutions provides senior care providers with comprehensive support including managing financial reporting and auditing, asset management and implementing processes to ensure regulatory compliance.
Learn more about HMP Senior Solutions.
Nashville, Tenn., – November 9, 2020 – Healthcare Management Partners, LLC (HMP), a leading turnaround management and financial advisory firm that has successfully guided healthcare organizations or their creditors through financial challenges for almost 25 years, has announced the formation of the firm's Litigation Support and Investigations Practice and the hiring of Jessica Scouten, as Managing Director to lead the practice nationally from the firm's Nashville headquarters.
As an adjunct to its turnaround management and financial advisory services, HMP has been providing litigation support and expert testimony for 15 years and its Managing Directors have been consulting or testifying experts in approximately 40 cases where the amounts in dispute have ranged from a few millions to many billions of dollars. Clients served have included large not-for-profit and publicly traded hospital systems, multi-site long-term care providers, home health and hospice as well as publicly traded companies providing information technology or financial services to healthcare providers.
With nearly 15 years of experience in public and forensic accounting, the conduct of formal fraud or corporate investigations, and serving as an expert witness, Scouten will round out and expand HMP's already robust litigation support capabilities. She will direct HMP's team of healthcare professionals to provide law and accounting firms; healthcare providers, payers and suppliers; banks and private equity, government entities, and others, with a range of litigation support and investigative services, including expert testimony.
"With her leadership skills, formal credentials and years of experience, Jessica is poised to provide our clients with exceptional litigation support and investigative services," said Scott Phillips, HMP's founder and Managing Director. "We are thrilled that she will be leading a practice that is positioned to become a recognized national resource in helping our healthcare clients and their advisors navigate the complexities of business and regulatory disputes." HMP has expert and investigative capabilities in the management and governance of complex healthcare provider organizations, Medicare fraud and abuse, corporate compliance, financial management and reporting, revenue cycle management and corporate restructuring both within and outside of bankruptcy.
The practice is backed by HMP's customized data analyses and benchmarking platform, HMP Metrics™. Metrics is an interactive, web-based, analytical tool that has the capability to search, compare and electronically analyze the data contained in almost 700,000 Medicare cost reports covering almost every hospital, nursing home health and hospice provider in the United States. In addition to the cost reports, the Metrics database also contains approximately 25 billion patient claims, census data and socio-economic indicators as well as data elements from seven other publicly available databases. The assembled data set and the related proprietary software can be used to rapidly analyze the performance of individual providers and multi-site health systems against state, national or custom peer groups for over 1,700 operating, financial and clinical quality metrics. Metrics is a wholly owned subsidiary of HMP and offers access to the database to healthcare providers and their advisors, vendors, and payors on a subscription basis.
Scouten holds a Bachelor of Science degree in accounting from Messiah University and is a member of the American Institute of Certified Public Accountants and National Association of Certified Valuation Analysts among other professional associations. In addition to being a CPA, Scouten is a Certified Fraud Examiner, a Master Analyst in Financial Forensics and a Certified Insolvency and Restructuring Advisor.
HMP Managing Director Zachary Rowe discussed the potential impact of COVID-19 on mergers & acquisitions within the healthcare industry. Read the full article in The Daily Memphian below.
Methodist-Saint Francis deal still on, but complicated by COVID-19, antitrust concerns
After two rural Georgia hospitals this summer announced that they were shutting down, The Atlanta Journal-Constitution set out to examine the complex forces that have led to closures and how a rural healthcare safety net might be preserved.
For this story, the AJC compiled information from Medicare cost reports, municipal bond documents, lawsuits and other public records. The newspaper also talked with dozens of healthcare professionals, including rural hospital executives, government regulatory leaders, forensic auditors and consultants, to try to understand why so many facilities fail.
Our Managing Director, Don Bivacca, was tapped to give his insight on this issue. The full story is linked below:
Rescue efforts fail for rural hospitals
As the Chattanooga Times Free Press put it, "StoneBridge Healthcare's unsolicited bid to buy Erlanger Health System came as a surprise to Erlanger officials and some community leaders, but not to people who are in the business of buying and selling hospitals." Our Managing Director, Scott Phillips, gave his take on the bid and provided insight as to how our proprietary data platform – HMP Metrics – can assist industry leaders in making informed investment decisions. Read the full article below:
Erlanger's financial situation attracted unsolicited purchase offer
Healthcare Management Partners, LLC (HMP), a leading turnaround and consulting firm that guides healthcare organizations through financial challenges, has announced the hiring of Zachary A. Rowe, CPA as a Managing Director.
Rowe previously served as a Director at HMP from 2017 to 2018, where he provided transaction and financial advisory services to healthcare providers and creditors. Rowe will serve HMP's clients nationally from the company's Nashville headquarters.
Rowe brings more than 12 years of industry experience to HMP, having specialized in mergers and acquisitions, corporate and operational accounting, corporate infrastructure design, bankruptcy, cash flow models, and debt covenants among other areas. His extensive career includes leadership roles at Steward Health Care, LifePoint Health and IASIS Healthcare. Over the course of his career, Rowe has successfully led restructuring engagements including chapter 11 cases from the debtor and creditor perspective.
"We are pleased to welcome Zach home to the HMP team as a Managing Director. His expertise in accounting and financial restructuring is an asset to our clients, as well as his passion for advising healthcare operators and lenders through periods of growth and transition," said Scott Phillips, HMP's founder and Managing Director. "Zach has a thorough understanding of the healthcare industry and is well positioned to guide our clients towards financial and operational success."
Rowe started his career in the long-term care space at National Healthcare Corporation (NHC) and is a licensed Certified Public Accountant (CPA) in the state of Tennessee and a Certified Insolvency and Restructuring Advisor (CIRA).
Rowe holds a Bachelor of Business Administration and Master of Accountancy from Middle Tennessee State University.
Get more information about Healthcare Management Partners (HMP).
"It's going to be a new day for SNFs and technology," – our Managing Director Derek A. Pierce shares his thoughts on the "new normal" for skilled nursing facilities with McKnight's Senior Living:
New normal for SNFs: more staff, telehealth and hospital alliances
Skilled nursing facilities' costs have spiked with the onset of COVID19, but increased federal aid might keep some afloat. Our Managing Director, Derek A. Pierce, talked to Skilled Nursing News about the financial considerations for SNFs before, during and after COVID-19. Read the article here:
Bottom Line: How a Turnaround Consultant Finds Nursing Home Upside Amid COVID-19
Our data tool, HMP Metrics, shows how your hospital compares to others in your market and across the nation and provides quality care ratings, as mentioned here in this Bloomberg LP article. Learn more about HMP Metrics and read the full article below:
PE-Owned Hospitals Paid Owners Millions and Got Low Care Ratings
Providers across the country have felt the financial hit of COVID-19. Our Managing Director, Don Bivacca, talked with the Atlanta Journal-Constitution about how the pandemic has impacted Georgia's hospitals in particular. Read the full story here:
Federal relief money falls short of covering hospital losses
2029 will mark the first time in U.S. history where the elderly population will outnumber children. Our Managing Director, Don Bivacca, shared some predictions for the senior living industry as it adapts to meet the long term care needs of a growing population in Provider Magazine.
Read the full article here:
Ten Years from Senior Aging Apex, What to Watch For
Our Director, Tal Gurevich, co-authored an op-ed piece in The Tennessean that makes the case for how Medicaid expansion can increase access to healthcare coverage and help people who have lost their health insurance amid the COVID-19 pandemic.
Read the full piece in The Tennessean at the link below:
Tennesseans are losing jobs and health insurance due to COVID-19. Medicaid expansion will help them. | Opinion
The COVID-19 pandemic has caused a dramatic shift in hospital resources, which has greatly impacted revenues and medical staff. Healthcare Management Partners' Scott Phillips (Managing Director), Don Bivacca (Managing Director) and Claire Acree Roebuck (Director) provided an in-depth look at how the pandemic has financially affected Tennessee hospitals.
Read the full report in Nashville Medical News at the link below:
The Financial Impact of COVID-19 on Hospitals
Senior Living News published an article from our Managing Director, Scott Phillips, on senior care employment needs in the wake of the COVID-19 pandemic.
Read the full story on Senior Living News at the link below:
Food Services Workers Disproportionately Put Out of Work Due to Covid-19 Could be Redeployed to Fill Vital Senior Care Employment Needs
The COVID-19 pandemic has had a strong financial on hospitals, leaving many operating in the red as revenue flows are dropping and costs are rising to care for COVID patients and provide resources for medical staff. Our Managing Director, Don Bivacca, discussed how the pandemic has financially affected Tennessee's hospitals with The Tennessean.
Read the full story in The Tennessean at the link below:
COVID-19 exposes cash crunch at many Tennessee hospitals, speeding up a 'slow moving train wreck'
Our Managing Director, Don Bivacca, spoke with The Daily Memphian about the financial impact the COVID-19 pandemic has had on hospitals. His commentary has been used in three separate articles and provides insight on how elective surgeries are fundamental to hospitals' revenue streams and the measures certain hospitals in the Memphis area are taking to stabilize their finances in the wake of this pandemic. Links to each article can be found below:
St. Francis announces furloughs; experts say other hospitals have few choices
Hospitals set to receive nod for elective surgeries
Methodist cuts executive pay; furloughs staff
McKnight's Long-Term Care News covered the launch of HMP Senior Solutions, LLC, the new subsidiary from Healthcare Management Partners dedicated to operating senior care facilities, in a recent article.
The article lists the services offered by HMP Senior Solutions and quotes Don Bivacca, HMP's Managing Director, who now leads HMP Senior Solutions with more than 30 years of experience driving healthcare organizations towards operational success. Under Don's direction, HMP Senior Solutions is committed to helping senior care facilities navigate new and expected industry changes in 2020 and beyond.
Read the full story in McKnight's at the link below:
HMP Senior Solutions offers organizational support for LTC operators
Healthcare Management Partners' (HMP) Managing Director, Scott Phillips, recently spoke with the Ellwood City Ledger about a recent healthcare company's bankruptcy filing and its impact on the hospitals it owns, including Ellwood City's own Ellwood City Medical Center.
An expert in this field, Scott provided insight on the bankruptcy process and the likely outcomes for this specific case, as well as the state of rural healthcare. Scott's commentary has been used in four articles of date, as reporters continue to cover new updates around this case. Please find links to each article below:
Hospital no more? Expert urges Ellwood City officials to push for ambulatory care center instead
Expert says Americore won't emerge from bankruptcy
Investor says wants to reopen Ellwood City Medical Center
Penn Med hearing could lead to Ellwood City Medical Center foreclosure
HMP Senior Solutions, LLC Launches to Provide Expert Support Navigating Upcoming Challenges, Changes, and Opportunities in the Senior Care Industry
New company spun out of Healthcare Management Partners and partnered with Pathway Health; HMP Senior Solutions to be led by veteran healthcare executive Don Bivacca
Nashville, Tenn. – March 4, 2020 – Healthcare Management Partners, LLC (HMP) has launched HMP Senior Solutions, LLC, a company committed to operating senior care facilities.
The new entity, a subsidiary of HMP – a leading healthcare turnaround and consulting firm -, will focus on helping senior care facilities manage new and expected challenges in 2020 and beyond. HMP Senior Solutions will be led by Don Bivacca, who has more than 30 years of experience driving successful operation of healthcare organizations.
"Disruption is coming, and senior care facilities need to transform their operations in response," said Bivacca. "HMP Senior Solutions has built a dedicated team with executive level experience necessary to chart these new challenges and drive senior care facilities to success, not only for today but well into the future."
"Ultimately, we are focused to help protect client assets and increase valuation, improve quality and stabilize the staff while protecting the residents," added Bivacca, who has held senior level leadership positions with companies that have led the healthcare industry during his extensive career.
Supporting Bivacca will be an extensive network of experienced operators with healthcare expertise across the continuum of care (Hospital, SNF, ALF, IL, Home Health, and Hospice).
HMP Senior Solutions will manage senior care facilities, with a focus on senior housing including assisted living facilities and skilled nursing facilities. Broadly, service offerings include:
HMP Senior Solutions experts have regularly utilized these services in wide variety of engagements at HMP and elsewhere, some of which are:
As noted below, previous successful engagements by HMP led to its decision to start HMP Senior Solutions:
HMP Senior Solutions has chosen to partner with Pathway Health, a professional management and consulting organization serving clients in the long-term and post-acute care industry. This partnership will allow HMP Senior Solutions to provide highly tailored offerings to REITs, banks, HUD, and private equity groups. These offerings will include comprehensive support, including managing financial reporting and auditing, as well as implementing processes to ensure regulatory compliance.
Industry challenges will loom large for the foreseeable future as policies like Payment Driven Payment Model are introduced concurrently with the senior aging apex getting closer, Bivacca notes regarding the timing of the launch of HMP Senior Solutions. The last baby boomer will turn 65 by 2029 and by 2035 the elderly population will outnumber children for the first time in U.S. history.
He adds, "To meet the long-term needs of the baby boomers, social and public policy changes must begin soon. The industry will have to adjust to new regulatory oversight and payment mechanisms. With these challenges come opportunities for entrepreneurs and operators, which HMP Senior Solutions will be dedicated to providing."
For more information on HMP Senior Solutions
Healthcare Management Partners, LLC (HMP), a leading turnaround and consulting firm specializing in supporting healthcare organizations facing financial challenges, has announced the hiring of Don Bivacca as a Managing Director.
Bivacca will serve HMP clients' nationally from the company's Nashville headquarters and specifically be tasked with furthering HMP's skilled nursing and assisted living facilities management practice.
"Don is a seasoned healthcare professional who has routinely held leadership positions at some of the country's top healthcare companies," said Scott Phillips, HMP's founder and Managing Director. "HMP has become a highly sought-after partner in overseeing skilled nursing and assisted living facilities. Don's experience and track-record of success will be an immediate asset to our clients in this space as they face new and increasing challenges in a shifting healthcare landscape."
Healthcare Management Partners, LLC (HMP), a leading turnaround and consulting firm specializing in healthcare, has opened a new office in Atlanta, GA office led by Derek Pierce, HMP Managing Director. Pierce has relocated from HMP's Birmingham, AL office. From Atlanta, he will continue to support the firm's clients across the U.S. while further building out the firm's partnerships within the large Southern city which has significant banking, finance and healthcare industries. Pierce has previously worked in Georgia executing receiverships, an HMP specialty, which is an appointment granted to oversee financially troubled businesses, for purposes of restructuring or selling the business.
"I'm pleased to expand Healthcare Management Partners to Atlanta, a strategically located, booming city that will play an important role in the future of healthcare," said Pierce. "Our firm is growing as America's shifting healthcare landscape continues to require significant strategic support to navigate, and I'm pleased to expand our reach to meet client needs from Atlanta."
Derek Pierce, Managing Director at Healthcare Management Partners (HMP), spoke at the Turnaround Management Association of Tennessee's lunch meeting at the headquarters of the Waller law firm in Nashville on March 21st. The topic was "Perspectives on the Current State of the Healthcare Industry." Pierce's conversation began with an update on MedPAC and its recent recommendations on Medicare payment policy to Congress, specifically what entities should be affected by positive, neutral or negative payment changes. His other overarching themes included the decline of independent hospitals and the closing of rural hospitals mostly centered around the Southeast. He also discussed the trends in the nursing home sector with the good (Medicare margin above 10%) and the bad (States' trends towards Medicaid Managed Long-Term Care Program, more denials and complex billing, fewer admissions). HMP is readily available for speaking opportunities on a number of trendsetting healthcare industry turnaround and bankruptcy issues.
Nashville-based Healthcare Management Partners (HMP) has joined The Nashville Health Care Council, a premier association of health care industry leaders working together to inspire global collaboration to improve health care by serving as a catalyst for leadership and innovation. In joining the Council, HMP is proud to take an active role Nashville's health care community which is recognized as a one-of-a-kind center for innovation and home to a dynamic ecosystem of more than 500 health care companies. Nashville's health care companies generate more than $92 billion in annual revenue and more than 570,000 jobs. The city's entrepreneurs have received more than $1.6 billion in venture capital investments over the last 10 years, largely in health care. For more information visit Nashville Health Care Council
Healthcare Management Partners (HMP), acting as the court-appointed receiver, has closed the sale of substantially all assets pertaining to two Alabama-based senior care facilities (Cullman ALF Group, LLC and Decatur ALF Group, LLC) which were placed in receivership in January of 2018, by the United States District Court for the District of Northern Alabama after actions taken by the indenture trustees. HMP decided to utilize a stalking horse auction, an approach they have become experienced at executing successfully to the benefit of stakeholders, to maximize returns on the sale of the two facilities. HMP team members involved in the work included Derek Pierce, Lauren Douglas, Tyler Brasher, Anthony Jordan, and Ward Tishler.
Read the full article at: ABL Advisor
Healthcare Management Partners, LLC (HMP), a leading turnaround and consulting firm specializing in supporting healthcare organizations facing financial challenges, has announced the promotion of four key professionals at the company's Nashville-based headquarters. The promotions are Tyler Brasher as Director, Lauren Douglas as Director, Anthony Jordan as Senior Associate, and Ward Tishler as Senior Associate. "Tyler, Lauren, Anthony and Ward all play imperative roles in helping us to provide our services across our national footprint," said Derek Pierce, managing director at HMP. "We're excited to recognize them for their good work and look forward to their increasing roles within our firm as we work to help healthcare organizations expertly manage increasing industry challenges."
HMP Managing Director Ronald Winters has been published by the prestigious American Bankruptcy Institute (ABI) Journal. The American Bankruptcy Institute is a multi-disciplinary, nonpartisan organization devoted to bankruptcy issues. ABI has more than 12,000 members, representing all facets of the insolvency field. Winter's article addressing inpatient rehabilitation facilities (IRFs) and their vulnerability to financial distress can be found in ABI Journal, Vol. XXXVII, No. 12, December 2018 (pdf). The article was supported by Modern Healthcare Metrics and HMP Director Daniel Evans.
Healthcare Management Partners, LLC (HMP), a leading turnaround and consulting firm specializing in supporting healthcare organizations facing financial challenges, has announced the addition of Claire Roebuck as Senior Associate. Said Derek Pierce, managing director at HMP, "Claire has garnered high-level executive experience working within large hospital systems throughout the Southeast. Her skillset will immediately aid clients seeking financial and operational improvements to facilitate a turnaround. We are excited to welcome her to the team."
Roebuck has over six years of healthcare management experience, specializing in healthcare strategy and planning, business analysis, and health system operations.
Phillips is relocated from Philadelphia, P.A. to D.C. effective September 1st. From there he will continue to serve HMP clients across the nation. "As healthcare faces increasing challenges, we thought it would be strategically important to maintain a presence in our Nation's capitol, which has an ever important role in deciding the industry's future," said Phillips, Managing Director and founder of HMP. "From D.C. I'll keep a close eye on the policy that will impact healthcare organizations, while continuing to serve clients across the U.S."
Modern Healthcare Metrics, a joint venture leveraging the strength and integrity of Modern Healthcare and Healthcare Management Partners (HMP), has launched. Modern Healthcare Metrics is a proprietary subscription service that delivers insight into the financial and strategic position of healthcare facilities into the hands of anyone who needs to think analytically about investment in the delivery of care. Modern Healthcare Metrics will fundamentally change the way business is done in the industry by enhancing healthcare executives with the ability to make more informed, evidence-based decisions. See the full announcement release by clicking this link.
HMP Managing Director Ron Winters was proud to present at iiBIG in Nashville at its 11th Annual "Investment and M&A Opportunities in HEALTHCARE." Winters took part in the "Distressed & Turnaround Opportunities in Healthcare Roundtable" where he focused his remarks on selected areas of CMS reimbursement focus. To an audience of leading healthcare entrepreneurs, investors and deal-makers, he outlined case-by-case CMS's upcoming changes to reimbursement in ambulatory surgical centers, post-acute settings, and "low value" physician care. Look for Winters' findings from this conference to be shared in more depth soon.
A stalking horse sale can be an efficient and effective way to monetize distressed collateral. HMP Managing Director Derek Pierce collaborates with partners from Waller, Lansden, Dortch, & Davis to discuss the benefits and best practices of a stalking horse sale.
Scott Phillips, Managing Director for Healthcare Management Partners, discusses how Mission Health's strong local market position creates interest in the 6-hospital system by an industry leader.
Healthcare Management Partners (HMP) Leads Successful Sale of Nine Senior Care Facilities Through 'Stalking Horse' Auctions
Managing Director Derek Pierce draws from his vast experience in the Senior Healthcare industry to provide a list of the most important questions for operators to answer.
Healthcare Management Partners (HMP) was proud to be a lead part of the award winning team that won SEC.363 SALE OF THE YEAR ($10MM to $25MM) at the 12th Annual Turnaround Awards hosted by The M&A Advisor. The award was earned for the firm's work on the Sale of Central Iowa Healthcare (CIH) assets to Allen Health Systems, Inc. (UnityPoint). Per The M&A Advisor, its awards are a mark of distinction and the recognition bestowed on the winners is both meaningful and substantive.
Read more on HMP's work with CIH: Downloadable PDF
See the full list of award winners: Downloadable PDF
Ronald Winters, Managing Director at HMP, spearheaded the restructuring team that kept CIH healthcare services uninterrupted and delivered a favorable outcome to stakeholders. Healthcare Management Partners (HMP) today announces that a Bankruptcy Court-approved Plan of Liquidation (POL) for its client Central Iowa Healthcare (CIH) became effective on March 2, 2018, concluding the significant elements of CIH's restructuring.
HMP's Ronald Winters provided insight for an article examining bankruptcy and the increasing number of rural hospitals declaring bankruptcy.
According to a new study from the Nashville Area Chamber of Commerce, unhealthy workers with hypertension and diabetes are costing Nashville-area businesses a whopping $500 million annually. With Nashville firmly established as the healthcare capital of the Southeast, one might think that these companies would place a higher importance on employee wellness than companies in other industries – and they do. "Healthcare organizations by their nature are dedicated to wellness," said Scott Phillips, managing director at Nashville-based Healthcare Management Partners. "So as a healthcare organization, it's the right thing to do to offer wellness programs to employees and encourage them to adopt it."
HMP Managing Director Ronald Winters provides his insight regarding the recent Chapter 11 filing of Morehead Memorial Hospital. Using Morehead as an example Winters discusses the two main drawbacks of Chapter 11 as the cost and the consequences of not being prepared with a plan. Winters urges any facility thinking about options like seeking a partner or bankruptcy to do so while they still have some amount of liquidity and unpledged assets ."When you have none left you're not going to be able to drive an attractive transaction and you run the greatest risk of collapsing,"
HMP Managing Director Scott Phillips discusses the single greatest indicator of hospital success, system affiliation. Utilizing HMP Metrics, Phillips explains inefficiencies inherent in standalone hospitals, primarily their high labor cost and inefficient management.
As reported on Becker's Hospital Review HMP Managing Director Clare Moylan discusses the increasing prevalence of Chapter 9 "Municipal" Bankruptcy. With evidence of increasing financial distress among standalone, government-owned hospitals we can expect to see more Chapter 9 healthcare bankruptcies. The federal government has limited power to interfere with state sovereignty, so there are certain idiosyncrasies to Chapter 9 that make it more favorable for debtors than Chapter 11.
Read the article on Beckers
Read as Downloadable PDF
Last year, the board began investigating whether selling Hancock Medical was feasible. The board contracted with Healthcare Management Partners (HMP), a Tennessee-based company, to begin the process of leasing or selling the hospital. Scott Phillips of HMP said Tuesday that about 110 hospitals and medical providers were identified as potential bidders. Ochsner has committed to invest $33.75 million in lease payments and capital investments into the county and facility and to make efforts to recruit physicians and expand clinical services.
Healthcare Management Partners, LLC is the court-appointed receiver for assets belonging to the company that owns Arcadia and Quail Run. The limited liability company was appointed receiver in mid-April, after a civil complaint was filed in United States District Court in Norfolk on March 22. Derek Pierce of Healthcare Management Partners said since he was appointed receiver, his company has "worked to improve performance and operations at the facilities."
HMP's Scott Phillips led the American Health Lawyers Association (AHLA's) webinar entitled 'Troubled Hospitals: Hard Choices and Successful Pathways, Part IV: Addressing Post-Deal Challenges". Joined by other industry experts from Waller, Lansden Dorch & Davis and Jarrard, Phillips, Cate & Hancock, the panelists discussed the key options available to distressed hospitals. The webinar was moderated by Mike Fine from Wyatt, Tarrant Combs.
Nashville-based Healthcare Management Partners, LLC, a turnaround and consulting firm specializing in health care, has announced the recent addition of Ronald Winters, a nationally recognized leader in health care restructuring, as well as the addition of four professionals in its Nashville-based headquarters.
HMP Managing Director, Derek Pierce, highlights the importance of continuing to provide quality care during a receivership.
The June 9 order continued the receivership of the nine Oxton Senior Living and Manor House Senior Living communities underlying the bond offerings. The communities, which have a combined total of 485 units are under Derek Pierce as Receiver.
Ronald Winters joins Healthcare Management Partners from Alvarez & Marsal, where he spent the past 17 years and was a managing director. He will be based in New York and work with HMP customers across the country.
Over his career, Winters has specialized in advising companies and creditors with healthcare holdings in financial and operational turnarounds and restructurings. In these matters, he is often brought in to act as Chief Restructuring Officer or Chief Operating Officer. He has also had significant experience in labor relations, retiree health and pension matters.
On June 7, 2017, Scott Phillips participated in a public forum in Jackson, Tennessee, on the impact of federal health policy on the health of rural Tennessee. The panel was hosted by The Tennessee Justice Center. The full presentation can be viewed here and a television interview with Scott Phillips is available here.
Managing Director Scott Phillips discusses the impact of Telemedicine on post-surgical visits in rural communities.
Scott Phillips, Managing Director at HMP, provides insight into the reasons and feasibility of building a hospital into a booming metropolis such as Denver.
HMP's Derek Pierce and Waller's Ryan Cochran and Blake Roth discuss the potential courses of action presented to distressed assets and the advantages of a receivership.
HMP's Derek Pierce provides insight into turning around a hospital revenue cycle concluding that executives should look internally at A/R days and margins for hospital revenue cycle turnaround rather than focusing on external factors.
Clare Moylan discusses findings from recent study performed by HMP regarding the status of rural hospitals in America.
Trustees need to be on top of their game to avert — and respond in — a crisis". HMP's Derek Pierce and Clare Moylan authored the Editor's Pick of Trustee Magazine's February 2017 edition.
An article presented by HMP's Bruce Buchanan and Waller law firm's John Tishler and Jeff Parrish at the AHLA's Long Term Care and the Law conference, February 22-24, 2017 in San Diego, CA
HMP's Clare Moylan featured in the Nashville Post's Vitals Winter 2016 publication.
At the KAHCF 2016 conference, HMP's Bruce Buchanan, together with John Tishler and Jeff Parrish from Waller Landsen Dortch & Davis, held a session entitled "Successful Strategies to Reduce Operational and Financial Stress" that provided industry insight and practical tools for effectively managing post acute care facilities in today's challenging environment. For a copy of the presentation, please contact Clare Moylan
HMP's Derek Piece led the Turnaround Management Association's panel discussion entitled 'How do you know what's really going on?' held in Birmingham, Alabama.
Joined by 3 other industry experts, the panelists discussed the key steps in evaluating a distressed healthcare organization and taking effective action. The event was chaired by HMP's Clare Moylan.
Pioneer Health Services, Inc. based in Magee, MS, together with many of its wholly owned subsidiaries filed for Chapter 11 bankruptcy at the end of March. Healthcare Management Partners had been engaged as Financial Advisor to the Debtors on April 28, 2016 and has been working in an advisory capacity to the Debtor until its CRO appointment. Scott Phillips will be the CRO and Mike Morgan will be the Co-CRO.
An experienced healthcare treasury, finance and accounting manager, Tyler Brasher is an exciting addition to our team.
Robert Anderson is an experienced consultant to the healthcare industry and qualified accountant (ACA). Before joining HMP he worked on a variety of financial, strategic and operational assignments in the sector for both government and private providers, largely in the United Kingdom.
10 – 13 May 2016 – HMP presented the national findings from its White Papers at the 39th National Rural Health Association (NRHA) Conference in Minneapolis.
In a session entitled, "The Future of Texas's Rural Hospitals: What the Data Tells Us and New Models for Preserving Access to Care," HMP Managing Director Scott Phillips contributes expert analysis of Texas's rural hospital data and how to recognize the signs of a troubled provider.
For decades, government-owned short-term general acute care and critical access hospitals have been the primary source of healthcare services for rural Texans. For the last available reporting period, the 103 non-university government-owned hospitals in Texas had an aggregate net loss from hospital operations of more than $570 million.
Together with our co-authors of the Mississippi Community Hospital White Paper, HMP hosted Governor Bryant's Rural Health Summit to commence a dialogue around the building of a collaborative solution for the delivery of acute care in Mississippi. The Rural Health Summit was held in Jackson on April 11, 2016.
HMP's White Paper on the state of Mississippi's Rural Healthcare – Downloadable PDF
Today, Mississippi's 39 community based government-owned general acute care and critical access hospitals have combined annual net patient revenues of over $2.7 billion, directly employ nearly 20,000 full-time equivalent staff, and generate, on average, the indirect employment of another 11,600 non-healthcare jobs in their local communities. Yet more than 60% of all Mississippi government-owned hospitals have reported an operating loss in each of the past two years.
Aaron has 15 years of professional experience applying econometric and financial models to complex issues across multiple industries, including academia, environmental valuation, public project assessment, building products, and health care.