Financial advisor to the official committee of unsecured creditors (F10 professionals while at prior firm)Learn more »
Force 10 offers valuable insights and guidance to help healthcare providers navigate the complex and ever-changing landscape. By partnering with Force 10, providers can develop a strategic roadmap for achieving long-term stability and expansion. With a focus on innovation and efficiency, Force 10 empowers healthcare organizations to adapt and thrive.
Achieving a balance between financial constraints and operational efficiencies while placing a premium on patient care, is a complex challenge that requires a deep understanding of the industry’s unique dynamics and an ability to navigate its constantly changing landscape:
- Effective healthcare management requires a strong focus on patient-centered care as a top priority.
- Providers are under significant financial pressure due to rising labor and material costs, declining reimbursement rates, and the need to invest in expensive technology and infrastructure.
- Operational challenges in healthcare include inefficiencies in administrative processes, inadequate staffing levels, and difficulties in coordinating care across multiple providers and settings.
A Unique Combination
Our team of healthcare executives (including hospital CEOs, CFOs, Chief Nursing Officers, Chief Medical Officers) has managed all types of venues from acute care hospitals to acute rehabilitation, long-term acute care hospitals (LTACHs), skilled nursing facilities (SNFs), home health, clinics, behavioral health, and managed services organizations (MSOs).
Coupled with Force 10’s financial restructuring prowess and proven track record of successful healthcare engagements, we can help organizations across the care spectrum to transform adversity into opportunity.
Key components of our process
- Revenue Cycle & cash flow management
- Expense reductions
- Long-term debt structure and capacity
- Resource utilization
- Population Health – full-risk capitation
- Length-of-stay management
- Clinical service lines
- Post-acute product lines
- Primary care networks
- Regulatory compliance
- Medical staff leadership
- Strategic partnerships
THE FORCE 10 APPROACH
Understanding and addressing these challenges and restoring organizational stability requires deep industry knowledge, the ability to implement a mix of proven and innovative measures, and credibility earned through a track record of success.
Our unparalleled team has extensive hands-on operating experience across the healthcare continuum. Our deep expertise in financial restructurings leverages all of the tools and approaches needed to find the best path forward. Bringing together knowledge of healthcare with the ability to address financial adversity, we develop efficient, sustainable operating models, create long-term stability, and find new opportunities for growth.
Our approach is straightforward and proven. We work with you and your team to assess the situation and create practical strategies to restore strength and stability. Our recommendations are bold but grounded in realistic considerations. Together, we collaborate to ensure successful implementation.
Healthcare Performance Improvement Team
Pat is a Managing Director of Force 10 Partners and co-manages the firm’s Healthcare Advisory practice.
Kari has a successful track record of achieving strong year-over-year financial results, growing market share, and driving operational cost efficiencies across diverse health care delivery systems.
Gregory H. Gilbert, MD
Dr. Greg Gilbert provides his invaluable perspective, developed over more than two decades of working in Emergency Departments and leadership roles in various health systems, to Force 10’s exceptional team of health care specialists and the clients we serve.
Adriane’s work with Force 10 is informed by her 35+ years of experience in the healthcare industry. She is an expert in developing and implementing systems and programs that deliver high quality, profitably managed services in long-term acute care and rehabilitation hospital settings.
Janet provides the Force 10 Health Care team with key insights gleaned from her clinical and leadership experiences in various health systems, and knowledge of best practices in evidence-based care across the care continuum.
Linda Fortunato Sieglen, MD
Linda brings significant healthcare management expertise, including “soft skills”, to the Force 10 team.
Katie is a highly skilled nurse executive who brings over 30 years’ experience directing patient care services and overseeing clinical operations to Force 10’s healthcare specialty team.
Provide operational and financial due diligence servicesLearn more »
Out-of-court wind down of operations and assetsLearn more »
Financial advisor to Chapter 11 Debtors. Reorganization accomplished.Learn more »
Force 10 negotiated cash collateral with secured lender to collect outstanding receivables while Force 10 conducted an orderly wind down of operations. Force 10 then supported Chapter 7 trustee in various avoidance actions.Learn more »
Served as Receiver to effectuate a Chapter 11 Plan of Reorganization.Learn more »
Force 10 professionals took over operations, facilitated scheduled procedures, and oversaw orderly winddown.Learn more »
As financial advisor, we helped stabilize and return the business to profitability, facilitating a successful sale.Learn more »
Chapter 9 Reorganization to maintain continuity of healthcare in rural district.Learn more »
As financial advisor, we assisted in negotiating a consensual Plan of Reorganization with muni bondholders, the PBGC, and unsecured creditors through issuing new tax-exempt debt.Learn more »
Served as CRO and FA. Turned Debtor cash flow positive. Oversaw sale of each business segment to two different buyers during COVID-19 to maintain patient care. Paid all secured debt via a Chapter 11 Plan.Learn more »
The hospital was plagued by ongoing losses putting access to local care in jeopardy. Hospital district was formed to purchase the facility and effectuate the reorganization.Learn more »