Becker’s Hospital Review spoke with an expert about how hospital CFOs should evaluate potential partners. They also discussed best practices for running a finance team.
There is no “one-size-fits-all approach” for hospital CFOs evaluating organizations interested in partnering, affiliating or merging. Since 1990, Kanner Tillman, PhD, MBA has held various healthcare industry management roles at both for-profit and nonprofit hospitals, integrated health systems and HMOs.
He currently serves as CFO at Sherman Oaks (Calif.) Hospital and Encino (Calif.) Hospital Medical Center, both of which are owned by Ontario, Calif.-based for-profit Prime Healthcare. Prime Healthcare, the fifth largest health system in the country, has entered into numerous transactions this year, including six deals since October.