Barry D. Smith

Barry D. Smith Email and Phone Number

Barry D Smith Consulting LLC, Strategic Financial Architect | Physician Practice Expert | Provider Compensation Designer | Financial Strategist | M&A | Service Line Rationalization | Ambulatory Services Developer
Barry D. Smith's Location
Colleyville, Texas, United States, United States
About Barry D. Smith

As Managing Member of Barry D Smith Consulting LLC, Barry provides consulting services in the Healthcare industry including strategic financial planning, physician operations, provider compensation design, merger and acquisitions, service-line rationalization, revenue cycle operations and ambulatory service strategy and development.As a CFO and corporate executive, Barry has more than 35 years’ experience in financial management, strategic planning, ambulatory health care services, organizational and market development. His leadership includes the establishment of Ascension’s national physician enterprise across 19 states in conjunction with a national health care system (9K+ providers/150+ specialties) and the development of Health Texas Provider Network (500+ providers) associated with Baylor Health Care System. He has also developed and operated ambulatory surgery centers, imaging centers and physician owned hospitals. Barry’s operational and financial abilities to solve complex problems drove significant improvements in physician productivity, operating costs, and provider compensation for all organizations he has been associated with.Barry also has a long history of developing, coaching and mentoring staff to help them succeed in their careers.

Barry D. Smith's Current Company Details

Barry D Smith Consulting LLC, Strategic Financial Architect | Physician Practice Expert | Provider Compensation Designer | Financial Strategist | M&A | Service Line Rationalization | Ambulatory Services Developer
Barry D. Smith Work Experience Details
  • Ascension
    Chief Financial Officer-Ascension Medical Group
    Ascension Aug 2015 - Dec 2022
    St. Louis, Mo, Us
    Ascension Medical Group (AMG) includes 9000+ providers, including Physicians and Advanced Practitioners as well as 16,000 other associates. AMG operates in 19 states and has revenue in excess of $3B.• Primary care provider productivity improvements through modification and standardization of provider schedules, days worked and encounters per day. Achieved an overall improvement more than $200M• Operational efficiency improvements through merging of clinics, right sizing clinic provider complement and elimination of certain clinics. Also, modified clinic staffing and overhead staffing. Total estimated savings more than $80M.• Operational sustainability advances for the revenue cycle processes. This included changing leadership, establishing appropriate review processes, and standardizing workflow between the central business office and the local Ministries (states). Overall improvements more than $75M and 1.5%.• Growth expertise including acquisitions of key physician groups to secure and grow market share, partnering with local independent groups to improve service line• Developed the financial model to move from FFS business to other forms of reimbursement including premium based reimbursement.• Sustainability expertise in service line rationalization, appropriate divestitures, and physician compensation redesign to improve overall financial performance for the hospitals and medical group
  • Career Break
    Career Transition
    Career Break May 2014 - Aug 2015
  • Cirrus Health
    Ceo, Chief Financial Officer, Vice President Of Product Line Development
    Cirrus Health Jan 2012 - May 2014
    Developer and operator of 5 short stay surgical hospitals and 4 ambulatory surgery centers located in Texas, Louisiana and California. The market niche of Cirrus Health is to partner with physicians to develop technical fee facilities. Tasked with restructuring the balance sheet and closing out the historical operations* Primary relationship with partners and governing boards, established trust in the face of adversity.* Sale of all health care operating partnerships.* Liquidated $75 million in loans from a major corporate creditor.* Launched a relationship to develop a 100 bed community hospital with local health system and physicians* Created the opportunity to develop approximately 30 acres adjacent to the community hospital
  • Cirrus Health
    Chief Financial Officer
    Cirrus Health Jul 2009 - Jan 2012
    * Financial management responsibilities for all operations, financial planning, cash management, managed care contracting, purchasing and strategic planning.* Financial support for strategic sale of facilities and the ultimate restructuring of the corporation* Renegotiated corporate debt facility* Negotiated with vendors and banks for appropriate terms on equipment acquisitions* Worked with local banks to build credit facilities for the operating entities * Directed the development and negotiations of new managed care strategies* Developed and implemented basic financial tools for the operation of the facilities* Developed a market strategy in conjunction with a large hospital system* Rebuilt and restructured services with external CPA and tax advisors* Began the development of a senior living product for the restructured company* Began discussions with representatives from Mexico on potential joint venture opportunities
  • Cirrus Health
    Vp Product Line Development
    Cirrus Health Jan 2006 - Jul 2009
    * Provided executive supervision for short stay hospitals and ambulatory surgery centers. * Increased profitability and performance by recruiting new partners and reducing costs. * Worked closely with the physician boards and partners to maximize their investments. * Developed strategies to capture market share in conjunction with new developments.
  • Healthtexas Provider Network (Htpn)
    Svp Finance
    Healthtexas Provider Network (Htpn) Apr 1994 - Jan 2006
    Dallas, Tx, Us
    Large multispecialty group formed in conjunction with Baylor Health Care System. This was a start up entity that grew to employ over 450 physicians and 1400 employees. As the SVP of Finance all aspects of finance and accounting were part of the responsibilities. This included the development of a sophisticated and robust management reporting system for each physician practice. Physician compensation and corporate compliance was a significant part of the job responsibilities.
  • Baylor Enterprises Group
    Avp Finance
    Baylor Enterprises Group Mar 1989 - Apr 1994
    Senior financial officer for non hospital entities associated with Baylor Health Care System. Operations included clinics, laboratory, home care agency, real estate operations, construction and architecture firms. The group also began the development of physician partnerships. Activities included strategic planning, mergers, budgets, financial analysis and reporting for the various operational entities..
  • Baylorfast
    Controller
    Baylorfast 1987 - 1989
    Start up entity. Established all accounting process including general ledger, payables, payroll and fixed assets. Performed financial planning, modeling of new locations and budgets for the operations in coordination with Baylor Health Care System Finance.
  • Baylor Health Enterprises
    Controller
    Baylor Health Enterprises 1985 - 1987
    Responsible for all accounting activities related to the operations. Included general ledger, payroll, payables and accounts receivable management.
  • Harris Methodist Health System
    Senior Internal Auditor
    Harris Methodist Health System 1982 - 1985
    During a time when the Harris Methodist Health System was growing, conducted financial audits on established facilities. In addition, conducted first year audits and installed new information system technology for hospitals joining the health system. Fraud, operational and control system audits and reviews were also performed.
  • Coopers & Lybrand
    Staff Auditor
    Coopers & Lybrand 1980 - 1982
    Audit staff for large international public accounting firm. Experience included financial audits of Healthcare, insurance, banking and oil and gas clients.

Barry D. Smith Education Details

  • The University Of Texas At Arlington
    The University Of Texas At Arlington
    Accounting And Finance
  • The University Of Texas At Arlington
    The University Of Texas At Arlington
    Biology And Chemistry

Frequently Asked Questions about Barry D. Smith

What is Barry D. Smith's role at the current company?

Barry D. Smith's current role is Barry D Smith Consulting LLC, Strategic Financial Architect | Physician Practice Expert | Provider Compensation Designer | Financial Strategist | M&A | Service Line Rationalization | Ambulatory Services Developer.

What schools did Barry D. Smith attend?

Barry D. Smith attended The University Of Texas At Arlington, The University Of Texas At Arlington.

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