Steve Lancman
CFO Operating Partner at Assured Healthcare Partners- Claim this Profile
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Bio
LinkedIn User
Steve and I worked together for two years at a large multi-state healthcare provider with several service lines. I really valued Steve’s deep healthcare industry expertise, in particular his knowledge of the revenue cycle. He also took the initiative to implement better controls and reporting on cash, on bank covenants, and accelerated our monthly close by almost two weeks. Steve was also a good mentor and coach to many of the staff on my team.
Scott Klein
Steve has several traits that makes him a great asset to an organization. He is passionately committed to helping an organization succeed. He does his research to understand the environment. He values benchmarking and comparison data. He holds himself and others accountable for performance at the highest level. He asks many questions and is comfortable challenging the status quo. He is a strong project leader - tackling several complex projects during my time working with him. As a clinician, I learned a tremendous amount from him. I learned how to view data, how identify good measures and how to utilize data as a way to move clinical initiatives forward. He is not afraid to ask difficult questions. Although medicine and finance have not always worked effectively together, I believe Steve worked very hard to listen to our needs but also present fair, fiscal realities in such a way that clinicians could understand the relevance.
LinkedIn User
Steve and I worked together for two years at a large multi-state healthcare provider with several service lines. I really valued Steve’s deep healthcare industry expertise, in particular his knowledge of the revenue cycle. He also took the initiative to implement better controls and reporting on cash, on bank covenants, and accelerated our monthly close by almost two weeks. Steve was also a good mentor and coach to many of the staff on my team.
Scott Klein
Steve has several traits that makes him a great asset to an organization. He is passionately committed to helping an organization succeed. He does his research to understand the environment. He values benchmarking and comparison data. He holds himself and others accountable for performance at the highest level. He asks many questions and is comfortable challenging the status quo. He is a strong project leader - tackling several complex projects during my time working with him. As a clinician, I learned a tremendous amount from him. I learned how to view data, how identify good measures and how to utilize data as a way to move clinical initiatives forward. He is not afraid to ask difficult questions. Although medicine and finance have not always worked effectively together, I believe Steve worked very hard to listen to our needs but also present fair, fiscal realities in such a way that clinicians could understand the relevance.
LinkedIn User
Steve and I worked together for two years at a large multi-state healthcare provider with several service lines. I really valued Steve’s deep healthcare industry expertise, in particular his knowledge of the revenue cycle. He also took the initiative to implement better controls and reporting on cash, on bank covenants, and accelerated our monthly close by almost two weeks. Steve was also a good mentor and coach to many of the staff on my team.
Scott Klein
Steve has several traits that makes him a great asset to an organization. He is passionately committed to helping an organization succeed. He does his research to understand the environment. He values benchmarking and comparison data. He holds himself and others accountable for performance at the highest level. He asks many questions and is comfortable challenging the status quo. He is a strong project leader - tackling several complex projects during my time working with him. As a clinician, I learned a tremendous amount from him. I learned how to view data, how identify good measures and how to utilize data as a way to move clinical initiatives forward. He is not afraid to ask difficult questions. Although medicine and finance have not always worked effectively together, I believe Steve worked very hard to listen to our needs but also present fair, fiscal realities in such a way that clinicians could understand the relevance.
LinkedIn User
Steve and I worked together for two years at a large multi-state healthcare provider with several service lines. I really valued Steve’s deep healthcare industry expertise, in particular his knowledge of the revenue cycle. He also took the initiative to implement better controls and reporting on cash, on bank covenants, and accelerated our monthly close by almost two weeks. Steve was also a good mentor and coach to many of the staff on my team.
Scott Klein
Steve has several traits that makes him a great asset to an organization. He is passionately committed to helping an organization succeed. He does his research to understand the environment. He values benchmarking and comparison data. He holds himself and others accountable for performance at the highest level. He asks many questions and is comfortable challenging the status quo. He is a strong project leader - tackling several complex projects during my time working with him. As a clinician, I learned a tremendous amount from him. I learned how to view data, how identify good measures and how to utilize data as a way to move clinical initiatives forward. He is not afraid to ask difficult questions. Although medicine and finance have not always worked effectively together, I believe Steve worked very hard to listen to our needs but also present fair, fiscal realities in such a way that clinicians could understand the relevance.
Experience
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Assured Healthcare Partners
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United States
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Investment Management
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1 - 100 Employee
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CFO Operating Partner
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Sep 2018 - Present
CFO Operating Partner for middle market, healthcare focused private equity investment firm with $1B under management. • Part-time CFO for $40m technology-based payer services firm experiencing 4x revenue growth. Transitioned accounting from cash to accrual, implemented best practices financial controls, led team to deficiency free annual audit, professionalized annual budget process, improved timeliness and insight of monthly reporting. • Oversaw CFO function at $160m healthcare provider. Revamped monthly financial and KPI reporting to focus on industry benchmark operational, margin, and RCM targets, leading to 4% points of gross margin improvement worth $6.7m. Directly managed RCM team during a turnaround phase and set the stage for a 62.5% reduction in Bad Debt. • Implemented new monthly KPI reporting for $154m provider services firm. Worked directly with Controller and business unit leads across the company during a four month CFO transition. • Work closely with AHP Investment Team on evaluating potential new investment opportunities in home health, hospice, home infusion, specialty pharmacy, physician practices, and payer and provider services.
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Managing Director
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2017 - 2018
Provided Interim CFO, financial and strategic advisory, and due diligence services to private equity investors. Provided Interim CFO, financial and strategic advisory, and due diligence services to private equity investors.
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CareOne Management LLC
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United States
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Medical Practices
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Vice President of Finance
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2014 - 2016
Multi-state Long Term Care, Pharmacy, Hospice & Homecare provider. Provided analytical and decision support to all three businesses. HIGHLIGHTS: Decreased LTC bad debt expense; improved Rehab margin; implemented benchmark-based productivity and utilization metrics, leading a deficit business to a positive margin; reduced monthly close cycle from 3 weeks to 1 week. Multi-state Long Term Care, Pharmacy, Hospice & Homecare provider. Provided analytical and decision support to all three businesses. HIGHLIGHTS: Decreased LTC bad debt expense; improved Rehab margin; implemented benchmark-based productivity and utilization metrics, leading a deficit business to a positive margin; reduced monthly close cycle from 3 weeks to 1 week.
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Visiting Nurse Service of New York
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United States
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Hospitals and Health Care
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100 - 200 Employee
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CFO, VNSNY Hospice & Palliative Care
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2007 - 2014
Drove the financial turnaround of one of the largest hospices in the northeast US. Led revenue cycle, financial reporting and analysis, AP, accounting. HIGHLIGHTS: Turned deficit program into the most profitable program at VNSNY, with a $6M bottom line improvement. Led acquisition of 3rd largest hospice in NYC. Drove the financial turnaround of one of the largest hospices in the northeast US. Led revenue cycle, financial reporting and analysis, AP, accounting. HIGHLIGHTS: Turned deficit program into the most profitable program at VNSNY, with a $6M bottom line improvement. Led acquisition of 3rd largest hospice in NYC.
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Systems Implementation Consulting
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Staffing and Recruiting
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Director-level experience with several technology firms
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1998 - 2007
Implemented software systems that managed operations and the revenue cycle, as well as accounting, reporting and analytics. Analyzed financial and operational data to provide business insight and drive revenue growth and cost control. Implemented software systems that managed operations and the revenue cycle, as well as accounting, reporting and analytics. Analyzed financial and operational data to provide business insight and drive revenue growth and cost control.
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J.P. Morgan
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United States
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Financial Services
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700 & Above Employee
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Vice President, Mergers & Acquisitions
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Jul 1994 - Jun 1998
Delivered M&A consulting services to F500 clients; closed 10 deals worth over $4.5 B. Delivered M&A consulting services to F500 clients; closed 10 deals worth over $4.5 B.
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Education
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The Wharton School
MBA
Community
