Fortune 500 CFO launches Apex Healthcare Group

Healthcare is the largest and fastest growing U.S. business sector, with a $2.4 trillion annual spend representing more than 17 percent of national GDP. In this enormous market, provider organizations face unprecedented cost, service and regulatory challenges as a result of the Patient Protection and Affordable Care Act - the national health reform legislation.

“Healthcare leaders face an increasingly complicated future. Provider organizations must work hard to balance operating outcomes, financial results and strategic positioning effectively”

To deal with these new realities, Mark G. Harrison, a former investment banker and Fortune 500 CFO, has launched Apex Healthcare Group, LLC, effective today. Apex is a boutique advisory firm that works as an embedded resource with healthcare CEOs and boards, to solve critical governance, strategy, operations, finance, M&A and capital structure issues.

"Healthcare leaders face an increasingly complicated future. Provider organizations must work hard to balance operating outcomes, financial results and strategic positioning effectively," Harrison stated. "For some, these issues threaten institutional vitality and even long-term viability."

Harrison spent 20 years as an investment banker on Wall Street and later in California, where he assisted providers and insurers with mergers, acquisitions, divestitures and capital markets financing. He was formerly CFO for Allina Hospitals and Clinics, a large integrated delivery system based in Minneapolis, Minnesota. Most recently, Harrison served as CFO at DaVita, a Fortune 500 public company specializing in renal care.

Harrison's clients have included Baylor College of Medicine, a $1.2 billion revenue independent medical education, clinical and research leader; CalRHIO, California's not-for-profit Regional Health Information Organization and Tucson Medical Center, a 600 bed teaching hospital in Tucson, Arizona.