Jay Herron
Partner
Jay brings over 20 years as a CFO in large multi-hospital systems and 10 years of public accounting experience. In these roles, he has had responsibility for financial reporting, financial planning, risk management, investment management, debt management, revenue cycle and supply chain. Jay is a strong believer in innovation and using a professional service firm’s customer focus to project execution. Under his leadership, teams developed world class revenue cycle processes, reimbursement strategies to optimize Medicare Upper Payment Limit programs, supply chain approaches utilizing target costing, a captive insurance company to self -insure property losses, and investment strategies to optimize a wide variety of asset classes. As healthcare has undergone increasing regulatory complexity, Jay’s focus has been on being a change agent by championing transformational initiatives, including the introduction of lean process improvement.
Interesting results from the above initiatives include, three consecutive MAP Revenue Cycle awards by the Healthcare Financial Management Association, risk management processes that discovered weaknesses in Fairfield Greenwich investment practices thus avoiding losses from the Madoff collapse, early identification of the LIBOR manipulation thus avoiding significant losses on derivatives and over $100 million in annual Upper Payment Limit reimbursement through partnerships with other providers.
Though in a financial role, Jay has always made strategic thinking part of the financial framework. With this perspective he has enabled organizations to be in a strong financial condition and capable of dealing with market and industry challenges. Jay is very credible with rating agencies, bond investors and the banking community.