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Mark North

SENIOR ADVISOR

Based in Anniston, AL

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 Mark North is a seasoned leader with more than 30 years in healthcare leadership including ~20 years of CFO experience in general acute care hospitals spanning the for-profit, not-for-profit and governmental sectors. Proven track record managing organizations ranging from a 125-bed, $200M facility to a 463-bed, $1.7B two-hospital system with 1,800+ employees and 30+ employed physicians. 

Mark brings more than 15 years of CFO experience in Alabama, where prudent financial leadership, cash flow and resource stewardship are critical to success. At Regional Medical Center (“RMC”) in Anniston, Alabama, Mark served as CFO for ~10 years (through 2025), with the prior ~7 years as its Controller. During his tenure he developed and administered an annual operating budget in excess of $230M, led a significant performance turnaround, the closure of a non-viable hospital, the strategic acquisition and integration of a key competitor hospital and successfully secured HUD financing for long term debt. 

Key Skills & Expertise

  • Performance turnaround

  • Financial leadership 

  • Liquidity management

  • Reporting

  • Operational efficiency

  • Revenue cycle and reimbursement optimization

  • M&A and Integrations

  • Refinance and liability restructure

  • Stakeholder management

  • Compliance

  • CMS Cost reports

  • Capital Planning & Budgeting

Specialist industries

  • Healthcare (30+ years), including:•Hospitals

    • Physician practices (specialty groups and primary care)

    • Rehabilitation / subacute care

    • Rural healthcare

  • For-profit, not-for-profit and governmental

  • Strategic Financial Leadership & Turnaround

    • Led successful financial turnaround of a two-hospital system, improving EBITDA from ($682K) to $15M in four years.

    • Successfully negotiated the restructuring of $60M+ long-term debt.

    • Improved financial performance of owned physician clinics by $2M annually.

    • Saved $2M-$4M p.a. in redesigning pension benefits.

    • Participated in Medicare’s Bundled Payments for Care Improvement (BPCI) initiative for three years, enhancing care coordination and cost efficiency.

    Strategic Transactions & Market Positioning

    • Orchestrated the acquisition and integration of 125-bed hospital, eliminating a key competitor and structuring the transaction to optimize reimbursement.

    • Led the orderly closure of 104-bed a financially unsustainable facility and subsequent donation to Jackson State University.

    • Served as a key member of the executive team responsible for selecting a system partner and negotiating both the Letter of Intent and Definitive Agreement.

    Regulatory & Reimbursement Optimization

    • Secured Rural Referral Center designation, improving Wage Index classification.

    • Achieved Medicare CBSA reclassification, improving reimbursement rates.

    • Proven track record over the past 25+ years in optimizing billing, collections, and reimbursement processes to enhance cash flow and reduce bad debt.

  • Mark holds a Bachelor of Science in Accounting from Birmingham-Southern College and an Associate Degree in Engineering from Jefferson State Junior College. A Certified Public Accountant (inactive) since 1996, he is also a member of the Alabama Society of CPAs, the American Institute of Certified Public Accountants (AICPA), and the Healthcare Financial Management Association (HFMA).

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