A driven and goal-oriented senior finance executive specializing in the healthcare industry, with extensive experience in financial management, cost accounting, controllership, process improvement, budgeting and expenditures, regulatory compliance, financial analysis, revenue cycle, treasury, managed care, and third party reimbursement. A proven track record of implementing programs to impact processes, quality, technology, organizational growth, operational efficiency, and profitability. Excels at facilitating systematic cost reductions, enhancing overall revenue, streamlining internal functions, and controlling costs. A dedicated and accomplished leader who ensures a nimble, financially viable organization capable of sustained growth and market competitiveness.
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Executive Director Of Finance And Cost OptimizationUniversity Of Chicago Medicine May 2014 - Jun 2018Chicago, IllinoisGuided process improvement of revenue cycle and cost optimization of expenses. Implemented four New Market Tax Credit bond issues and led expansion of Enterprise Zone. Managed federal and state taxes. Participated in analysis and implementation of hospital acquisitions and acquisition integration. Led implementation of clinically integrated network and community physician work.Implemented four New Market Tax Credit bond issues resulting in $25,000,000 in forgivable loans in a seven-year period.Managed a $100,000,000 cost reduction and new revenue enhancement program. -
Vice President FinancePresence Health Feb 2013 - Apr 2014Chicago, IllinoisOversaw all financial operations and strategy for clinically integrated network. Presented financial statements to clinically integrated network board of directors and senior leadership. Prepared annual operating and capital budgets. Collaborated with clinical integration network leadership in creation of accountable care organization and accountable care entity.Represented the organization on the State of Illinois Technical Advisory Group on Medicaid reform.Co-facilitated in development of an Accountable Care Entity resulting in 90,000 lives and an Accountable Care Organization resulting in a savings of $3,000,000 in the first year of operation. -
Vice President Finance And Chief Financial OfficerPresence St. Mary'S Hospital Aug 2010 - Jan 2013Greater Chicago AreaManaged and oversaw financial operations and strategy for the hospital. Acted as a member of the finance committee for the hospital and executive committee of board of directors. Presented financial statement to finance committee, board of directors, and senior leadership. Guided and prepared annual operating and capital budgets.Achieved the 25th percentile benchmark for productivityCoordinated service line improvements in Oncology, Women's Health, and Emergency Room, resulting in an operating margin improvement of $2,500,000 in the first year.
Frank J. Mchugh Education Details
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Master Of Science (Ms) -
Legislative Affairs -
Health/Health Care Administration/Management
Frequently Asked Questions about Frank J. Mchugh
What is Frank J. Mchugh's role at the current company?
Frank J. Mchugh's current role is Experienced Senior Healthcare Executive - Finance | Accounting | Strategic Partnerships.
What schools did Frank J. Mchugh attend?
Frank J. Mchugh attended Depaul University, Georgetown University, University Of Southern California.
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