Healthcare Finance & Operations Expertise
San Diego, CA
Steven Lash has over 30 years of healthcare finance and operating experience having been a C level executive and a Consultant to health systems, hospitals, medical groups as well as early stage healthcare organizations. His expertise is unique in having been successful in finance and operations. Please see featured section for current up to date CV These skill sets have been utilized in several recent assignments providing the following services to hospitals and medical groups. • Interim leadership Positions o CFO o COO o VP Finance o VP RCM o Medical Group Administrator • Revenue Cycle Management o Upfront assessment -problem/issue identification and recommendations o Interim leadership/Management o Identify fixes and Implement front end; middle and backend fixes that improve workflow o Cash acceleration – front end and backend o Develop and Implement KPIs- weekly and monthly o Review and asses RCM software • Medical Group/Hospital Operations o Upfront assessment – problems/issues identification and recommendations o Interim Leadership/Management (COO, CFO) o Implement KPIs, financial and operating processes (best practices), staffing patterns o Analyze Physician scheduling, charging & compensation o Review utilization of IT systems o Develop plan for CBO and implement o Revision of Physician compensation arrangements • Mergers & Acquisitions o Synergy analysis o Project management for implementing synergies approved by client o Delivering realization report • Information Technology o Prepare & analyze RFI/RFP responses o Support in negotiating Vendor contract o Project management of system implementation/system upgrades • Other o RHC revenue maximization o IT assessments, RFPs and Implementations Mr. Lash is the inventor of 5 business method patents. These patents identified a novel method for the only permissible “shared savings” model in the healthcare industry. These patents are: • U.S. Patent Number 8,160,897 • U.S. Patent Number 8,224,668 • U.S. Patent Number 8,457,986 • U.S. Patent Number 8,457,987 • U.S. Patent Number i8,489,426 A distinguishing characteristic is his ability to do the blocking and tackling required, meeting deliverable timelines within budget all enhanced by entrepreneurial success and a full understanding of an organizations objectives.
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Aug 2012 - Present
Strategic Healthcare Advisory Services
Steven Lash has been an Executive Consultant to leading health systems, hospitals, medical groups as well as early stage healthcare organizations. He has led engagements in Revenue Cycle Management both in performance improvement and interim leadership, performed turnarounds, restructurings as part of M & A transactions and to achieve operational and financial improvements including restructuring physician contracts, IT assessments and implementations, strategic and financial planning, value-based payment systems, managed care contracting, mergers & acquisitions, and revenue maximization. Seeking engagements to leverage dynamic leadership and broad knowledge base of over 30 years in healthcare services that can be utilized to drive results. Looking to develop and deliver a meaningful impact to an organization to accomplish growth goals, improvements in financial performance, operational improvements, positioning for future healthcare financing arrangements, reduction in Days in A/R, cash acceleration, mergers & acquisitions, restructuring, and executing on a project plan for IT deployment.
Aug 2012 - Present
Strategic Healthcare Advisory Services
Representative assignments include: Northeast Clinic Organization (21 locations; 70 providers) Cash acceleration & workflow optimization • Developed & implemented Weekly & Monthly KPIs • Implemented Early Out program • Reduced value of AR > 90 days from 44% to 23% East Coast Academic Center (4 hospitals & 450+ provider medical group) Support Coding department in improving coding throughput and accuracy • Developed using technology tools new reporting for accountability • Reorganized workque reporting • Improved coder productivity 10% Support CBO leadership in reducing days in A/R for Hospitals • Provided leadership to workgroup to reduce denials (12.5% to 7.5%) • Analyzed and recommended new workflows to reduce denials & improve collections • Lowered days in A/R 10% Regional Hospital and Physician Group, Texas (8 locations; 30 providers) Interim Medical Group Administrator & RCM Director • Managed medical group through operational & financial turnaround • Implemented KPIs in clinics and CBO, budgeting & established productivity standards • Stemmed clinic operational losses from $200,000 per month to positive $50,000 in 7 months • Reduced Days in A/R from 158 to 54 Independent medical group; Arizona (17 locations; 92 providers) Grow medical group revenues; improve efficiency in RCM • Implemented new Medicare regulations that enhanced revenues • Developed new workflows to increase productivity of billing staff • Reviewed integrity of RHC billing & reimbursement • Implemented KPIs & productivity standards; improved cashflow by 17% Western US Health Plan & Medical Group; California (publicly traded) Assessment of medical group RCM; implement KPIs; improve cashflow; • Based on assessment of RCM functions implemented new workflows, KPIs & technology • Reduced Days in A/R by 23%; improved cash collections by 14% • Represented the RCM function in major EPIC upgrade and oversaw implementation & testing
May 2007 - Jul 2012
Satori World Medical
President & CEO
Satori World Medical has received acclaim for its novel business model including Newsweek, KPBS, Society for Human Resource Management, ZDNet, NBC, and more. The Company was honored in June 2009 by Entrepreneur Magazine as one of the Hundred Brilliant Companies to watch in 2009. Satori World Medical is a payor-supported, employer-sponsored, consumer-choice global healthcare network and medical travel company which provides individuals, employers, and payors with world-class healthcare, excellent client service and significant financial benefit. Satori is the first global healthcare network and medical travel company specifically designed to deliver high quality healthcare services, share the tremendous cost savings with plan sponsors and their employees and coordinate all medical and travel services for individuals who need care. Satori World Medical is a values driven organization and this resonates in all that we do. Starting with our Mission Statement, coupled with our Vision Statement and core values, our goal is to provide medical travel services that our business partners and clients will benefit from and value as part of their medical plan. Innovation, patient centricity, creativity, and being a catalyst for constructive change ring true for Satori World Medical and are a key component to our day to day operating philosophy. Please go to our website for additional information: http://www.satoriworldmedical.com
Jan 2005 - Dec 2006
Chief Executive Officer
During his tenure he created a new business strategy and vision, recruited world class scientific staff, advanced their proprietary technology, and raised two (2) capital rounds (1 angel and 1 venture). The new business strategy “From Concept to Commerce” created for the first time in the dermatology clinical testing industry a one stop shop for all services to bring a product from the bench to commercialization in. the dermatological space. Due to his leadership patents were awarded for their technology and as a result the company was able to go public is currently trading on NASDAQ:DMTK
Apr 2002 - Dec 2004
In his role as an Investment Banker he worked as a consultant to a leading boutique healthcare investment banking firm. He was involved in business planning, mergers & acquisitions, capital markets, operational assessments. Integral to his assignments was the development of restructuring plans detailing out synergies, timelines and deliverables. He led twelve (12) M & A hospital, clinic and medical group transactions with a value more than $1 Billion.
Jan 1982 - Sep 2002
Executive Vice President & CFO
Over 18 years with Sharp Healthcare, San Diego's leading and largest vertically integrated healthcare delivery system. Executive Vice President for Institutional Care, responsible for all acute care hospital operations (6 facilities) skilled nursing facilities (3 locations) and the Sharp Health Plan, a federally qualified and licensed health Management Organization. Annual revenues were over $700 million and employed 6,000 employees. Restructured operations eliminating 2 layers of management and created the organizations product line strategy and accountability which lead to a significant improvement in profitability. Prior role - Senior Vice President for Business Affairs and Chief Financial Officer. Responsible for all aspects of financial reporting, all merger and acquisition activity, information systems and capital formation. Lead individual on the executive team that designed, acquired and implemented the business plan that evolved Sharp from a single stand alone hospital to a multi-dimensional, vertically integrated healthcare delivery system. Executed in excess of $800 million in hospital and medical group acquisition financing transactions. Sharp Healthcare became nationally recognized as the model of healthcare delivery leading the transformation of the hospital industry in the 1990s and was prominently featured in many trade publications.
1986 - 1988
University Of San Diego
Received Undergraduate degree from SUNY Binghamton