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HMP’s Derek Piece led the Turnaround Management Association’s panel discussion entitled ‘How do you know what’s really going on?’ held in Birmingham, Alabama.
Joined by 3 other industry experts, the panelists discussed the key steps in evaluating a distressed healthcare organization and taking effective action. The event was chaired by HMP’s Clare Moylan.
Pioneer Health Services, Inc. based in Magee, MS, together with many of its wholly owned subsidiaries filed for Chapter 11 bankruptcy at the end of March. Healthcare Management Partners had been engaged as Financial Advisor to the Debtors on April 28, 2016 and has been working in an advisory capacity to the Debtor until its CRO appointment. Scott Phillips will be the CRO and Mike Morgan will be the Co-CRO.
PHS bankruptcy update
An experienced healthcare treasury, finance and accounting manager, Tyler is an exciting addition to our team.
HMP presented the national findings from its White Papers at the 39th National Rural Health Association (NRHA) Conference in Minneapolis.
Healthcare Management Partners appointed by the court as Financial Advisor to Pioneer Health Services in its Chapter 11 bankruptcy
In a session entitled, “The Future of Texas’s Rural Hospitals: What the Data Tells Us and New Models for Preserving Access to Care,” HMP Managing Director Scott Phillips contributes expert analysis of Texas’s rural hospital data and how to recognize the signs of a troubled provider.
For decades, government-owned short-term general acute care and critical access hospitals have been the primary source of healthcare services for rural Texans. For the last available reporting period, the 103 non-university government-owned hospitals in Texas had an aggregate net loss from hospital operations of more than $570 million.