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Jay is a seasoned executive with more than 25 years of financial and operations experience. He has extensive experience in accounting performance improvement operations management information systems supply chain and engineering. Jay brings direct healthcare operations expertise as well as perspectives from other industries gained primarily in turn-around or rapid improvement scenarios.
Professional Experience
Prior to joining Huron Jay was a Principal of Wellspring Valuation Ltd. and Chief Financial Officer for all Wellspring firms. Before joining Wellspring Valuation Jay served the parent company Wellspring Partners now a Huron Consulting Group Practice as an Interim Executive and Project Manager.
Previously Jay was a Partner of Ernst & Young LLP and a Vice President of Cap Gemini Ernst & Young LLP. He was a Regional Director for the High Growth/Entrepreneurial practice. He also played a key role in the development and implementation of systems designed exclusively for the healthcare market. Jay helped implement global financial manufacturing and distribution systems for a publicly traded medical device firm. He also served as a team member on financial audit engagements.
Representative examples of Jay's engagement experience include:
Led facility life analysis and fixed asset management engagements for numerous large hospitals which produce multi-million dollar contributions to current period operating profits and improve compliance with Sarbanes Oxley.
Led full scope business valuations to support major transactions in the healthcare industry.
Served as the Chief Transformation Officer at a regional community hospital including acute care skilled nursing and community clinics. During his tenure the hospital Jay began achieving positive monthly operating profits after more than seven years of persistent losses.
Served as the Interim Chief Operating Officer of a regional medical center. He was instrumental in restructuring operations improving labor productivity developing a cash flow break-even budget and assisting in a due diligence process to market the hospital to potential acquirers. Results included expense reductions of more than $8M annually while improving quality measures and patient satisfaction indicators. The hospital moved from the 40th to the 25th percentile in Solucient peer data comparisons for labor productivity.
Served as the Interim Director at a hospital experiencing various operational challenges. Results included improved reimbursement and reduced costs through length of stay reductions and improved contract terms. Jay implemented more than $3.2M in annual recurring cost savings.
Education & Certifications
Master of Management Northwestern University
Bachelor of Science Industrial Engineering Northwestern University
Certified Public Accountant
Certified Management Accountant
Professional Associations
Member Healthcare Financial Management Association
Member American Institute of Certified Public Accountants
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