Richard Barnett, Nacd.Dc Email and Phone Number
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As CEO, Board Chairman & Board member for respected healthcare companies, I’ve executed multiple business turnarounds & revenue growth strategies that have also positively impacted patient satisfaction, operations & business expansion. I have a strong track record of building very strong Diverse Exec teams & Boards.I stay focused on ► Quality ► Service ► People ► Growth ► Financial excellence to achieve extraordinary outcomes:OPERATIONAL TRANSFORMATION & TOP-RANKING RESULTS► Led Satellite Healthcare (SHC) to become the 6th largest dialysis company in the US► Achieved #1 in US for patient satisfaction, the highest in SHC history► Ranked #1 nationally for quality ratings BUSINESS TURNAROUND & FINANCIAL PERFORMANCE► SHC, double digit growth in EBITDA. Increased patient revenue by 78% & achieved highest EBITDA in Co. History► Led the trajectory of St. Joseph’s System’s worst-performing hospital to best performing in the System► Delivered strongest gains in Dignity Health’s (48 hospitals) Flagship hospital’s history, with 25X increase in EBITDA. Generated 30% of the Health System’s EBITDA ENTREPRENEURIAL STRATEGIES► Established national LLC purchasing coalition in partnership with 22 health systems► Developed Strategic National Partnership with CVS, one of the nation’s largest companies*CURRENT BOARD OF DIRECTORS ROLES *SEASTAR MEDICAL (NASDAQ: ICU)► Chair of the Board & Chair of Comp. Committee. Led Med-tech company to become a public company & launch commercial strategyCUTISCARE (PE Backed)► Board Member & Advisor for CutisCare’s new model of wound care by developing new market entrant strategies. Member of 3 CommitteesNATIONAL KIDNEY FOUNDATION (Non-profit)► Chair of the Board, for CA, Nevada & Pacific Northwest Region: Achieved highest-ever fundraising year► Member of 3 committees NEPHROSANT (Institutional Backed)► Board member of a Bio-tech company focused on accelerating advanced diagnostic tools for kidney health. Key advisor to relaunching/branding co. & establishing market strategyLAUGH MD (Private Investor Backed)► Board member & advisor for company focused on delivering evidenced-based Laughter TherapyPrior board appointments: Satellite Healthcare, VHA W. Coast, West Coast Sourcing Solutions, North State Surgery Centers, Healthy Shasta Collaborative & Hospital Council of Northern CAAs a forward-thinking, innovative leader, I am looking to partner with commercial healthcare boards & growing companies to be more successful. I am a Certified Corporate Director by the National Association of Corp Directors (NACD)
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President And CeoRjb Healthcare AdvisorsVancouver, Wa, Us
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Board Of Directors Member & AdvisorLaughmd (Private Investor Backed) Dec 2023 - PresentAn innovative company transforming patient care by delivering laughter therapy into treatment regimes; expanding on the notion that “laughter is the best medicine”. Based on over 200 evidence-based studies worldwide, LaughMD is delivering integrated laughter therapy to help patients heal in multiple healthcare settings, including hospitals, outpatient clinics, behavioral health settings, addiction recovery facilities and senior-assisted living facilities.
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Board Of Directors MemberNephrosant, Inc. - (Institutional Backed) Oct 2023 - PresentA Bio-tech company that provides diagnostic services that accelerate the assessment of damage in native & transplanted kidneys. Industry leading advanced diagnostic tools for early detection and lifetime monitoring of kidney health and injury (to avoid failure of transplanted kidneys)
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President And CeoRjb Healthcare Advisors Apr 2021 - PresentProviding strategic and operational improvement advisory & consulting services to Boards and Executive Teams for multiple healthcare companies.Executive Advisor to the Healthcare Foundry, a Silicon Valley based healthcare incubating company 12/2022-Present. I am providing expert advisory services to help establish a new startup company, Tulea Health, focused on providing Ambulatory Infusion services for hospitals and health systems.
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Board Of Directors Member And Board AdvisorCūtiscare Llc, (Private Equity Backed) Feb 2021 - Present- Bringing a fresh perspective to the wound care/hyperbaric medicine space. Expanding CutisCare’s new model of wound care nationally by developing new market entrant strategies in the free standing, ambulatory care market.- Member of Compliance, Comp and Growth Committees
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Chairman Of The Board Of Directors And Board AdvisorSeastar Medical Holding Corp. (Nasdaq:Icu) Jan 2021 - PresentA Med-Tech company redefining and bringing critical care therapeutic breakthroughs to market, to provide life-saving solutions to critically ill patients. Achieved breakthrough innovation designation by the FDA. Executing commercialization plans using experience with hospital systems in the cardio-renal space.- Chair of the Corp Compensation Committee- Prior Chair of Audit Committee. Current member of the Audit & Nominating Committees
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Board ChairNational Kidney Foundation - California, Nevada & Pacific Northwest (Non-Profit) 2018 - Present- Established reputation for being an innovation pilot region for new national programs and services. Secured $1.32M of fundraising dollars in 2019 (20% above target), the most successful year in foundation history.- Current member of Nominating, Strategic Partnerships, and Membership committees.
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President & Ceo ► Business Transformation ► Healthcare Operations ► Organization TurnaroundSatellite Healthcare / Wellbound 2014 - Jan 2021Milpitas, California, UsI’ve played a key leadership role in Satellite Healthcare’s transformation from a regional player to the 6th largest dialysis and kidney care company in the US. More than 100+ locations across the country that are ranked #1 in the nation for quality and patient satisfaction, according to CMS/Medicare ratings. In addition to achieving national recognition, we expanded patient volume by 51%, increased net revenue by 78%, established strategic partnerships with respected brands (CVS for example), and achieved the highest patient satisfaction rate in organizational history. Additional Accomplishments:► Avoided 20% loss of revenue after stabilizing relationship with our top customer. ► Refreshed the Board of Directors with five new members & significantly increased Diversity. ► Aligned a strong, diverse executive team to instill a culture of excellence across all levels of the organization. ► Developed the company’s first-ever strategic plan. ► Grew the research/endowment fund from $90M to $185M. -
Chairman Of Strategic Planning CommitteeSatellite Healthcare / Wellbound 2014 - Jan 2021Milpitas, California, Us- Scaled the company nationally. - Served on Finance, Quality, Risk/Compliance, and Governance/Compensation committees.
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Board ChairWest Coast Sourcing Solutions 2011 - 2014- Established the largest purchasing group in the western United States.- Created 35 new entities, which saved members billions of dollars while minimizing member risk and optimizing sourcing power.
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President/Executive Officer Of The West Coast DivisionVha, Inc. (Now Vizient, Inc.) 2009 - 2014VHA/Vizient is the nation’s leading healthcare performance improvement company. Covering the west coast territory (120 hospitals across 6 states), I partnered with healthcare CEOs to optimize purchasing power and save their organizations billions of dollars annually. Thanks to the efforts of my team and our partners, we were able to realize almost $100M in annual member savings in 2013, a 31% increase over the prior year. A portion of our success was due to the ability to form new entities quickly and mitigate risk for our participating organizations. In just 5 years, we established 35 new affinity groups, a national consortium, and an LLC purchasing coalition that represented billions of dollars of annual spend in services and supplies. Additional Accomplishments:► Chaired the newly established, West Coast Sourcing Solutions, a for-profit venture that centralized and scaled resources and services for member hospitals. ► Doubled cash reserves on balance sheet. ► Raised employee satisfaction 30%► Reduced turnover 40%. ► Grew membership 27% in saturated market while improving member satisfaction 28%.
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Board ChairHospital Council Of Northern California – Northern Sierra Section 2005 - 2009- Unified hospitals and health systems in public policy advocacy. Developed new programs and services for all member organizations.
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President & Ceo ► Mercy Medical Center ReddingDignity Health 2002 - 2009San Francisco, Ca, UsI was promoted to Dignity Health System’s flagship Regional tertiary hospital, Mercy Medical Center Redding, which was poised to experience its first unprofitable year in its history. Under my leadership, we completely turned around the organization and achieved the highest financial performance in hospital history, generating almost 30% of the income for the 48-hospital medical system. In addition, we boosted surgical volume 70%, multiplied annual income 800% in 7 years, and reached the top 3 in California for our open heart surgery program. Additional Accomplishments:► Received the Consumer’s Choice Award from the National Research Corporation. ► Grew every clinical service while establishing new programs and services. ► Raised employee satisfaction 40% and medical staff satisfaction 30%. ► Reduced employee turnover 62% below industry average. -
General Partner & Board MemberNorth State Surgery Centers 2006 - 2008- Founded and established joint venture with 78 surgeons in 3 surgery centers.
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Board Co-ChairHealthy State Community Collaborative 2004 - 2008- Formed a countywide health partnership and served as co-chair of the Health Partnership Board.
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President & Ceo ►Mercy Medical Center Mt. Shasta (Catholic Healthcare West) 1998 - 2002Prior to moving to the flagship Redding location, I served as the President and Chief Executive Officer of Mercy Medical Center’s Mt. Shasta hospital. During my time there, I delivered our strongest financial performance in the organization’s history – a 25x increase in operating income over 5 years. Additional Accomplishments:► Raised surgical volume 40% and patient volume 20% over 3 years. ► Elevated patient satisfaction ranking into the top 80th percentile in Gallup’s national database. ► Achieved the highest accreditation scores across all Catholic Healthcare West hospitals. ► Opened a new cancer center as well as retinal surgery, free patient transportation, and sleep study programs. -
Senior Vice President & Chief Operations OfficerQueen Of The Valley Hospital - Napa (St. Joseph Health System) 1992 - 1998I led the organization through a complete operational turnaround – from the worst-performing hospital in our health system to the best-performing in the northern territory. Additionally, we raised our customer satisfaction from 42% to 92% (119%) with the introduction of a benchmark customer service program. Additional Accomplishments:► Generated new $12M revenue stream with partnership with the Northern California Prison System. ► Accomplished the best outcomes and cost efficiency in 7 years for our open heart surgery program. -
Executive Administrator ► Physician Medical Group OversightTurner Eye Institute 1988 - 1992Key Accomplishments:► Increased net profitability 36% in 2 years, despite Medicare reimbursement cuts. ► Grew patient volume 25%.► Diversified services to include 45 skilled nursing facilities across the Bay Area. -
Vice President Of Business DevelopmentParadise Valley Hospital (Adventist Health System) 1986 - 1988National City, California, UsKey Accomplishments:► Propelled hospital to its best financial and operational performance in 20 years. ► Created hospital network with 4 area hospitals to share services and contracting. -
Director Of Marketing And CommunicationsWhite Memorial Medical Center/Adventist Health 1983 - 1986Key Accomplishments► Increased community awareness 30%.► Boosted patient volumes 20%. ► Introduced medical center’s first-ever marketing, strategic planning, and business development program.
Richard Barnett, Nacd.Dc Skills
Richard Barnett, Nacd.Dc Education Details
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California State University, FullertonConcentration In Marketing And Business Development -
Pacific Union CollegeGeneral
Frequently Asked Questions about Richard Barnett, Nacd.Dc
What company does Richard Barnett, Nacd.Dc work for?
Richard Barnett, Nacd.Dc works for Rjb Healthcare Advisors
What is Richard Barnett, Nacd.Dc's role at the current company?
Richard Barnett, Nacd.Dc's current role is President and CEO.
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What schools did Richard Barnett, Nacd.Dc attend?
Richard Barnett, Nacd.Dc attended California State University, Fullerton, Pacific Union College.
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Richard Barnett, Nacd.Dc has interest in Environment, Health.
What skills is Richard Barnett, Nacd.Dc known for?
Richard Barnett, Nacd.Dc has skills like Leadership, Strategic Planning, Business Development, Team Motivation, Marketing Communications, Financial Performance Improvement, Community Relations Management, Employee Relations, Partnership Building.
Who are Richard Barnett, Nacd.Dc's colleagues?
Richard Barnett, Nacd.Dc's colleagues are Steve Deweese, Wendell Schwabe.
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