Erik Holmberg Email & Phone Number

Boston, Ma, Us

Boston, Massachusetts, United States

Boston, Massachusetts

•Lead Multi-year Financial Plan process to forecast the five-year Institute financial outlook, which is also leveraged externally by Institute partners, lenders, & ratings agencies for strategic planning & debt capacity.•Develop & oversee the creation of new reporting at the direction of Board and Executive leadership including Disease Center and Chair Profit & Loss analyses.•Present analyses and findings to the Finance Committee, Executive & Senior leadership, Institute Chairs, and Disease Center leaders.•Work closely with the Senior Director of Financial Planning, Vice President of Finance, Chief Finance & Business Strategy Officer, and Directors of Budget & Financial Analysis and Revenue & Reimbursement.•Work cross-functionally with Institute partners including Business Initiatives, Research, Strategy & Organizational Effectiveness, Clinical Planning & Network Operations, BODFI, COBA, Cell Therapies, Institute Chairs, and Disease Center leaders.•Work with external Institute partners including Brigham & Women’s Hospital, Boston Children’s Hospital, Massachusetts Hospital Association, Goldman Sachs, PwC, KPMG, EY, Ropes & Gray, and Strata.•Lead financial modeling of new satellites & other Institute growth opportunities including innovative and expanded services.•Provide detailed analytics, prepare ad hoc reports, and furnish data as needed for Executive & Senior leadership.•Direct staff and the daily activities within the Business Planning area.•Assist in the development, implementation, and operation of systems and processes to support the activities and goals of the Financial Planning department. •Provide direction, guidance, and leadership to staff for effective goal setting, teamwork, and motivation.•Restructured the business planning team in a position for future growth and expanded responsibility.•Oversee the CARES Act Provider Relief Fund and EOHHS grant funding processes from application, receipt of funds, reporting, and auditing of funds.

Boston, Massachusetts

•Experience includes over 30 transactions with not-for-profit hospitals, physician practices, long-term care facilities, post-acute residential rehab facilities, therapy clinics, imaging centers, and staffing & management organizations.•Manage buy and sell side financial due diligence engagements which include acquisitions and divestitures by private equity investors and strategic corporate buyers.•Lead client meetings while interacting with top-level management to obtain pertinent information for financial analysis including key revenue and cost drivers.•Analyze trends in operating results and working capital and identify commitments & contingencies and debt-like items.•Analyze historical and projected financial results as well as operating and commercial trends to identify non-recurring, unusual, or out-of-period transactions that affect reported earnings.•Draft and review transaction advisory reports specific to key issues such as normalized earnings, achievability of management’s budget, indebtedness considerations, and post-transaction working capital analysis.•Maintain periodic communications with the engagement partner and client regarding project status and potential deal issues as they arise.•Oversee project completion within budget and manage overall client margins.•Supervise associates and senior associates. Review work and conduct timely performance reviews of staff and senior employees.

Boston, Massachusetts

•Lead and manage multiple teams across a diverse client base, including planning and executing audit, tax, cost reporting, and consulting engagements, while developing and maintaining client relationships.•Facilitate monthly KPI reports for leading Boston teaching hospitals with revenues in excess of $2B.•Perform audits for a diverse client base with up to $200M in yearly revenue, primarily in the not-for-profit healthcare industry including hospitals, community health centers, nursing homes, and physician groups. •Prepare and review IRS form 990 and MA form PC, form 1120, and form 1065.•Prepare and review Medicare and Medicaid cost reports, including 2552-10 & 403 cost reports.•Perform ERISA audits of 401(K), 403(B), and defined benefit plans in compliance with DOL standards.•Develop independent cost analyses for determination of need (DoN) applications, valuations, black box model analyses, rate sensitivity analyses, cost report models, split-bill analyses, and litigation support.•Perform Single Audits in accordance with GAGAS.•Plan and perform analytical and substantive audit procedures by obtaining audit evidence through interviews with client personnel, collection of historical financial data, and research of technical accounting issues.•Design internal control procedures to identify weaknesses that could materially affect financial statements.•Prepare business advisory recommendations to help clients implement accounting policies and procedures, improve overall business operations, reach strategic growth objectives, and support their mission statement.•Prepare and review financial statements in accordance with GAAP.•Prepare Uniform Financial Reports for clients receiving funds from the Commonwealth of Massachusetts.•Research developments in the healthcare industry and prepare memorandums for distribution to clients.•Direct MassHealth compliance audits of adult day health centers.•Former contributor to the HFMA/MSCPA annual technical bulletin.

Boston

Effective May 1, 2016, the partners and staff of Feeley & Driscoll have joined BDO USA, one of the nation’s leading professional service organizations.

Master Of Business Administration (Mba)

Master Of Science, Accounting

Bachelor Of Science, Business Administration - Accounting

Activities and Societies: Beta Gamma Sigma Honor Society Member, Pi Sigma Alpha Honor Society Member, PricewaterhouseCoopers xTax.

Study Abroad