Consultant, Healthcare Services

About the role

Alvarez & Marsal (A&M) is a global consulting firm with entrepreneurial, action and results-oriented professionals. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.

The Team

The Healthcare Industry Group, a subsidiary of A&M, leads transformational change in healthcare. As established leaders and trusted advisors, we deliver results for healthcare executives, boards, private equity firms, investors, law firms, and government agencies. Our team brings diverse perspectives and experiences to assist clients with enhancing financial and operational performance, accelerating strategic growth, and optimizing value throughout the investment lifecycle.

We provide specialized services in interim management, restructuring, revenue cycle management, M&A, compliance, digital technology, and analytics. Our professionals collaborate with a wide range of organizations, including health systems, physician groups, medical schools, behavioral health institutes, managed care organizations, healthcare investors, medical device companies, suppliers, vision centers, dental practices, and laboratories.

HIG’s Healthcare Services practice (HCS), with offices throughout the US, focuses on serving private equity firms’ portfolio companies and public and private healthcare companies. Our HCS services include:

• Performance improvement/operational turnarounds
• Cost optimization
• M&A services
• Finance operations
• Interim management (including CFO services)

Technology Assessment: Whether for due diligence, self-assessment, or transformation objectives, we support the review and analysis of platform, data and system architectures, and related applications/products, integrations, infrastructure, processes (PLC, SDLC, compliance), data (architecture, governance, BI, etc.), security, IT teams for scale, capability, cost, resilience, maintainability, risk-related issues, and value opportunities.

Performance Improvement/Operational Turnaround: Whether serving in interim management roles or in a performance improvement advisory capacity, we draw on deep operational heritage and proven approaches (such as our proprietary rapid results diagnostic) to assess businesses and identify key areas impeding performance quickly and effectively.

Cost Optimization: A&M’s cost optimization program is a holistic, cross-functional approach that focuses on quickly identifying high-impact opportunities for EBITDA and cash flow improvements across the entire cost structure. It drives significant improvements in cost structure by providing full transparency on cost and margin profiles to simplify and streamline the business and increase the efficiency of overhead costs.

M&A Services: A&M supports companies throughout the M&A lifecycle, including conducting operational/synergy due diligence, integration planning and execution, as well as divestiture and carve-out planning and execution.

Finance Operations: A&M drives improvement to its clients’ finance operations, including management reporting and optimization of the month-end close process.

Interim Management: In select instances, one of HCS’s experienced operators may step into an interim role (i.e., CEO, COO, CFO, CIO) to drive change while a full-time replacement is being recruited.

Responsibilities

• Building and maintaining financial and operational models to assess client performance and inform recommendations.
• Benchmarking and root cause analyses, including data sampling to identify performance gaps and improvement opportunities.
• Mapping out processes and performing gap analyses while managing both client and internal projects.
• Conducting client interviews and observations to define current state and identifying actionable items for improvement.
• Analyzing and sampling data for root cause analysis.
• Preparing and communicating client-ready deliverables.
• Assisting with the development of presentations, pitch, and proposal content.
• Managing assigned workstreams or projects, coordinating inputs, and driving work to completion.

We are entrepreneurial, action-oriented, and results-driven professionals who take a hands-on approach to solving our clients’ problems and helping them drive value and growth. You will be part of a team passionate about delivering transformational change and making an impact in the healthcare industry.

Qualifications

• A minimum of three (3) years of prior work experience in healthcare, consulting, or the healthcare industry such as healthcare banking, accounting, audit, private equity, or healthcare operations with a healthcare focus.
• BA/BS degree and/or MBA/MS in Accounting, Finance, or other related healthcare fields such as MHA or MPH.
• Working knowledge of the healthcare industry.
• Strong Microsoft Excel and modeling skills; the ability to create and maintain models such as synergy analyses, pro forma financial analyses, and/or 13-week cash flows is a plus.
• A strong understanding of accounting and finance, including the ability to review and understand financial statements and disclosures.
• Excellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnel.
• Solid project management and organizational skills.
• Experience reporting to and/or performing tasks for multiple stakeholders.
• Ability to conduct operational data analysis and synthesize information to assist in the development of reports and KPIs.
• Advanced Microsoft PowerPoint and Excel skills; experience with Visio, Tableau, Power BI, SQL, SPSS, or benchmarking is a plus.
• Professional certifications such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or demonstrated progress toward such certifications.
• Willingness and ability to travel as required.

Benefits

Regular employees working 30 or more hours per week are entitled to participate in Alvarez & Marsal Holdings’ fringe benefits, including:

• Healthcare plans, flexible spending, and savings accounts.
• Life, AD&D, and disability coverages.
• A 401(k)-retirement savings plan with an annual discretionary contribution from Alvarez & Marsal, provided eligibility requirements are met.
• Paid time off including vacation, personal days, seventy-two (72) hours of sick time (prorated for part-time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days varies based on tenure and role type.

We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M.

Pay

The salary range is $100,000 - $120,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program based on individual and firm performance.