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About Alvarez & Marsal
Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.
Description
Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.
The Team
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).
- Technology Assessment : Whether for due diligence, self-assessment, or transformation objectives we support the review and analysis of platform, data and system architectures, and related applications / products, integrations, infrastructure, processes (PLC, SDLC, compliance), data (architecture, governance, BI, etc.), security, IT teams for scale, capability, cost, resilience, maintainability risk related issues and value opportunities
- 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, CIO) to drive change while a full-time replacement is being recruited.
How You Will Contribute
As a consultant 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 a consultant 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 clientsEvaluating business operations and supporting performance improvement initiativesAnalyzing process workflows to identify opportunities for improvement and develop solutionsParticipating in client interviews and capturing actionable itemsForecasting cash flows, analyzing and managing liquidityBenchmarking internal and external dataPerforming analysis and developing reports and deliverablesPreparing client-ready deliverables and presentations; assisting with making presentations to clientsConducting healthcare researchAssisting with the development of presentations, pitch and proposal contentQualifications
High energy individuals with a passion for healthcare and solving complex issuesA 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 focusWorking knowledge of the healthcare industryStrong 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 plusA strong understanding of accounting and finance including the ability to review and understand financial statements and disclosuresExcellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnelSolid project management and organizational skillsAbility to conduct operational data analysis and synthesize information to assist in the development of reports and KPIs is a mustAdvanced Microsoft PowerPoint and Excel skills a must; experience with Visio, Tableau or Power BI, SQL, SPSS, benchmarking is a plusWillingness and ability to travel as requiredBA / BS degree and / or MBA / MS in Accounting, Finance, or other related healthcare fields such as MHA or MPHProfessional certifications such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or demonstrated progress toward such certificationsEqual Opportunity Employer
It is Alvarez & Marsal's practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws.
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