Bruce Buchanan

Consultant

Mailing Address:
Managing Director
Healthcare Management Partners LLC
1033 Demonbreun Street, Unit 300
Nashville, TN 37203


Bruce has more than 30 years of experience in the healthcare field and is a senior healthcare executive with a successful track record in both the not-for-profit and investor-owned sectors. He possesses multi-market experience at the Chief Executive Officer level in hospitals, skilled nursing facility operating companies, and health systems. He has deep experience in organizational development, productivity improvement, quality enhancement, revenue growth, physician collaboration, and system integration.

In 2016, Bruce completed the extremely successful turnaround of a large ESOP-owned post-acute care company in Tennessee with 31 skilled nursing facilities, 5 behavioral health hospitals, 10 home health branches, 5 hospice branches, in-house pharmacy and therapy services. On arrival the organization had 8 days’ cash on hand and was on the verge of filing for bankruptcy protection, and by the end of the 18-month turnaround it had 75 days’ cash, was in compliance with loan covenants, and had paid down and refinanced its debt. Prior to this project he led a similarly successful turnaround of a group of very troubled post-acute care facilities in Syracuse, New York. As CEO, Bruce led the turnaround of this non-profit, church-sponsored organization with a continuum of long term care services including skilled nursing care, assisted living, senior housing, home health, day care and a managed care insurance program.

In earlier engagements he served as CRO for a 2-hospital rehabilitation company in Chapter 11 bankruptcy process and managed the Section 363 sale. He has served as CEO of a county hospital and guided it through a Chapter 9 bankruptcy, which resulted in all unsecured creditors receiving three-year notes for full payment plus interest. Bruce has also served as a secured creditor advisor, debtor financial advisor, and has testified in federal bankruptcy court. He has been a member of numerous boards throughout his career.

Prior to joining HMP in 2008, Bruce served as CEO of Phoenix Baptist Hospital, where he turned around the distressed 236-bed teaching hospital by reducing operating costs while enhancing the quality of care. Bruce led a similar turnaround of Northeast Baptist Hospital in San Antonio, including recruiting new physicians, doubling the hospital’s physical space and growing market share. He also served as president and CEO of Atlanta Medical Center and Mercy Health System Oklahoma and its Mercy Health Center in Oklahoma City. Bruce held senior management positions with Hillcrest Healthcare System and Saint Joseph Hospital and worked for Invalesco Group as an operations consultant to healthcare organizations.

Bruce holds a Bachelor of Arts in Sociology from Princeton University, a Master of Health Services Administration from the University of Michigan, and a Master of Business Administration from George Mason University. He is board-certified in healthcare management and a Fellow in the American College of Healthcare Executives. He also holds membership in the Turnaround Management Association.