STRONG TURNAROUND AND POST-COVID RECOVERY EXPERIENCE WILL PROVIDE COUNCIL ON A PRO BONO BASISAFTER 35 years as a Healthcare CFO and want to give back Healthcare Executive specializing in Financial, Operational and Intergration efforts within the Healthcare Continuum.Senior healthcare executive with strong finance and operations responsibilities with extensive experience with physician recruitment and network/business development. Experience includes creating new programs and services. Experienced in reengineering projects for revenue/growth opportunities and cost reduction initiatives/programs to improve operating performance. Strengths include financial management, team building, medical staff relations,information technology and operational improvements. A strategic thinker with the ability to grow existing programs thru acquisition, expansion/building projects or investment. Direct leadership experience to implement new initiatives and manage operations of all types of projects, both large and small. Accomplished CFO experience with strong knowledge of accounting, auditing , budget, tax, forecasting and analytical skills. In addition, experienced in funding and managing capital projects through various avenues; including, but not limited to, joint ventures, REITs, fundraising, short and long term financing, operational surpluses.• Integration expertise in Finance, Revenue Cycle, HIM and Information Systems for hospitals, medical groups and joint ventures..
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Kgm Health VenturesKgm Health VenturesMuskegon, Mi, Us
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Cfo-Trusted AdvisorAspiresults Jan 2023 - PresentMuskegon, Michigan, United StatesI am happy to announce that I have joined Aspiresults and partnered with Chad Wable. Aspiresults assists Health-Systems on Improving Operating Margins. In a Post-Covid world it is important to stay focused on Revenue/Growth and Expense Reduction Initiatives. We can also assist in Advisory Services as CEO and CFO Extenders. We have vetted many service offering during our CEO/CFO careers and want to share our recommendations.We are offering consultations or assessments to share these service offerings. These offerings can start to yield a 3 to 5 % improvements to your Operational Performance within 100 days. Many of these offerings are contingency based and can improve your 2023 results.Reach out any time we are avail 24/7/365 for a call or in person meeting. -
Kgm Health VenturesKgm Health Ventures Oct 2013 - PresentGreater New York City AreaI have partnered with Chad Wable at Aspiresults to assist Health-systems in the post Covid world.We have developed a 100 Day Operating Improvement Plan that identifies a 3 to 5 % margin improvement.Without PRF Funds and Increased labor cost we have many solutions to offset this GAP.Please follow us at Aspiresults or contact Chad or I for a free consult.The first step is to realize there is a problem !!We are here to help !KGM Health Ventures connects healthcare leaders and finds business and clinical solutions for an ever changing environment.Mentors healthcare professionals thru opportunities to get re-established in the workforceNetworks with new businesses to assists in refining their business plans to enter the traditional healthcare marketInvolved with Health related activities in our Community to strengthen our outreach (ie American Cancer Society )
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Interim Chief Financial OfficerBilh-Mt Auburn Hospital May 2022 - Jan 2023Cambridge, Massachusetts, United StatesReally enjoyed my last of 7 Financial Turnarounds !!Over the past 4 months I have been partnering with Chad Wable to develop and implement strategies to assist CEO’s and CFO’s with our 100 Day Margin Improvement Plan.We are excited to work as CEO and CFO extenders to be “Trusted Advisors”to assist Health System realize 3 to 5% margin improvements to offset 2023 Budget Issues.Please follow us at Aspiresults!Great Things are happening !!Strong work!!! Joined BILH and Mt Auburn Hospital to implement a sustainable growth and cost reduction plan to position the health system to support the Greater Cambridge service area Really happy to Partner with and the CFO of BILH Hospital System.We have achieved a huge turnaround with the help of BRG !!Stay tuned for my 2023 Announcement
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Chief Financial OfficerSignature Healthcare, Ma Oct 2019 - Oct 2022Brockton, Massachusetts -
Chief Financial OfficerAtlantic Health System Apr 2018 - Oct 2019Western Region - 175 High Street Newton New Jersey• CFO of 2 Hospital System within a $2.4 Billion Health System in Northern New Jersey. Support site Presidents and local senior leadership to achieve goals for the Western Region • Develop and maintain overall finance operations including the Operating and Strategic/Routine Capital Budgets with oversite of accounting, audit and tax for the Western Region• Responsible for Business Plans for New and Existing Services Lines (ie Bariatrics, Linac, Ortho, BH, Oncology and OB/GYN) thru managing thru KPI metrics to generate market growth/revenue • Serves as a Liaison between site leadership and corporate finance to manage the cost structure thru Salary/FTE management and supply costs •Responsible and Lead the EPIC/Cerner Implementation for the Western Region ( NMC and HMC)• Developed Protocols to reduce LOS and improve the hospitals bottom line (Improved LOS by 10%)- Participates in Medical Staff, Board and with the Community to strengthen relationships• Developed the 2019 Operating Budget for the Western Region with “system thinking” approach -
Vice President FinanceNew York-Presbyterian Hospital Jun 2015 - Oct 2017Cortlandt Manor, New York• CFO of Single Campus hospital within a $8 Billion Health System . Managed the successful integration of Hudson Valley Hospital into the NYP System.• Integration experience allowed for huge strides with integrating a standalone hospital into a leading regional hospital in the NYP’s clinical programs (Cardiology, Cancer, GI, OB)• Became a model hospital for NYP for IT integration, physician recruitment and cost reduction initiatives.• Improved operating performance substantially and reinvested the surplus into a physician recruitment plan, grow programs and invested in capital building projects. The integration was extremely positive by staff, physicians, the NYP System and the Westchester service area of 400,000 people•Responsible for all Finance Operations ( Accounting, HIM, IT Budget/Planning and Tax)• Revisited all for profit joint ventures and strategic initiatives and made positive recommendations (GI) -
CfoRichmond University Medical Center Sep 2013 - Jun 2015Staten Island, New York• Single Hospital with $300m a Tertiary Teaching Hospital in Staten Island NY plus physician and joint ventures enterprises . Responsible for all Financial Operations, Information Technology and other support services.• Stabilized the financial operations to prepare RUMC for acquisition and future growth.• Implemented many initiatives to produce a $10.0 million turnaround in operating performance. By Clinical Documentation Initiatives, Renegotiated Managed Care contracts, implement new programs (Cardiac Cath, CPEP ...) and started the planning and financing of a $50 million Emergency Room.• Increased cash position by improving revenue cycle along with cost reduction initiatives and growing volume thru an EBITA related strategy.Developed NYS most successful ACO for Medicaid and uninsured patients ( DSRIP) -
Treasurer/Executive Vice President Of Network/Business DevelopmentEastern Connecticut Health Network (Echn) Sep 2001 - Sep 2013Manchester CtResponsibilities include financial and strategic oversight of ECHN assets and future direction. Two Hospitals and a Nursing Home with $300 million in revenue. Also managed ECHN’s entire for profit joint venture/affiliate portfolio of $123M in revenue and over 1,300 employee that consists of our Physician Employed Company, a real estate arm, and various other joint ventures (Ambulance Companies, Radiation Oncology, Visiting Nurse Association, Occupational Medicine, Imaging Centers, GI Center, MSO). Also responsible for Network Development of ECHN that positions ECHN for healthcare reform and relationships with other tertiary/ community hospitals and providers. Continues to oversee financial operations and improve operating margins for the system.Prepared for the conversion of ECHN's sale to Tenet a for-profit company . Increased daily cash collections by increased realization rate and reducing denials • Improved Managed Care rates over the last 10 years in a very competitive market.• Provided enhanced care and reduced cost by integrating our Nursing Home and VNA facilities and centralizing into a single governance/management structure for our Post-Acute Delivery System • Increased revenue and retained patients within the network by integrating delivery of care through technology and sharing clinical information Maintained operating cost per case at a level 19% below state average by utilizing LEAN and other operating efficiency techniques. Recognized by Healthgrades as a high quality service provider with one of the lowest costs within the state.• Increased productivity and reduced operating expenses by introducing the Halley Consultants operating model and by establishing a Network Operating Committee for our physician enterprise.Senior Vice President, Finance and Chief Financial Officer 2001 – 2010Responsible for $21 million Financial Turnaround with concentration on revenue/growth improvements and minimal staff reductions. -
President/CfoStellaris Health Network Oct 1996 - Mar 2001ArmonkHealthStar/Stellaris, Armonk, NY 1996 – 2001In 1996 Health Star Network, Inc. (d/b/a Stellaris Health Network) was formed as the sole member of White Plains Hospital Center, Northern Westchester Hospital, Lawrence Hospital Center and Phelps Memorial Hospital Center. The network had operating revenue of $1.2 million and over 5,000 employees.President/Chief Financial Officer of Holding CompanyChaired the operating committee along with the four CEO’s of the hospitals we initially concentrated on improving our managed care contracts, joint materials management and a single IT platform. Thru collaboration, synergy, and leverage, the alliance also improved health quality and performance, and reduce costs.Developed System based insurance company for employees ,physicians and small markets with 6,500 lives
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CfoWhite Plains Hospital Center Oct 1986 - Oct 1996While Plains , New YorkResponsible for all financial and strategic activities. Responsible for traditional finance areas and information systems. -
ConsultantPannell Kerr Forster Oct 1980 - Oct 1986New York CityHealthcare consultant and audit firm. Worked six years on various engagements assisting clients in feasibility studies, reimbursement and revenue cycle improvement.
Kevin Murphy Education Details
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Long Island University, C.W. Post CampusHealthcare Administration -
Bachelor Of Business Administration/Accounting
Frequently Asked Questions about Kevin Murphy
What company does Kevin Murphy work for?
Kevin Murphy works for Kgm Health Ventures
What is Kevin Murphy's role at the current company?
Kevin Murphy's current role is KGM Health Ventures.
What schools did Kevin Murphy attend?
Kevin Murphy attended Long Island University, C.w. Post Campus, Iona College.
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Kevin Murphy
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