Derek Pierce, ReceiverManaging Director, Healthcare Management Partners, LLC
Derek has over 20 years of professional experience focused solely in the healthcare industry, having served as Chief Financial Officer, Chief Restructuring Officer, Receiver, Director of Reimbursement, court-appointed Examiner, Medicare auditor, Medicare cost report preparer, forensic accountant, compliance consultant, financial auditor, and financial advisor. He has audited, managed, and consulted with all types of healthcare providers including government owned, community not-for-profit, academic, and investor-owned entities.
Derek served as the Restructuring Chief Financial Officer of a two-campus, not-for-profit hospital in Chapter 11 bankruptcy. In addition to his CFO responsibilities, he led the Section 363 sale process and conducted a forensic review into the circumstances that led to the hospital’s bankruptcy filing. Throughout the project, Derek worked closely with senior lenders, debtor-in-possession lenders and the applicable federal loan program to a successful plan of reorganization.
Starting his career with the Medicare fiscal intermediary as a Medicare auditor, Derek developed expert knowledge of the patient revenue cycle, third-party contracting, and Medicare and Medicaid rules and regulations. He is an expert in the areas of corporate and regulatory compliance and forensic accounting related to the defense of civil and criminal fraud claims or allegations. He led teams conducting forensic analysis in support of settlement negotiations with the government at both Hospital Corporation of America (HCA) and HealthSouth Corporation, two of the largest and most complex civil fraud settlements in history.
During 2012 to 2016, Derek served as the CFO in the extremely successful turnarounds of two separate, large multi-site eldercare providers. Both of these organizations operated skilled nursing, assisted living, inpatient rehabilitation, home care, hospice, inpatient behavioral health, and a PACE program. Separately, Derek has served as either the trustee or receiver in the liquidation and sale of a number of nursing homes.
In his career, Derek has led or participated in turnaround management and consulting assignments for more than 40 healthcare providers, including Baptist Memorial Health Care, British National Health Service, Washington Hospital Center, Tri-Lakes Hospital, Lifepoint Hospitals, Tampa General Hospital, Legacy Health System, Loretto, American Healthcare Companies, and IASIS Healthcare. Derek is currently serving as the Chief Restructuring Officer of a multi-site nursing home company in Hawaii.
Prior to joining HMP, Derek was a Director with Alvarez & Marsal in its New York-based healthcare practice. Before that, he was a Senior Manager with Arthur Andersen in its Atlanta-based healthcare consulting practice.
Derek is a graduate of Samford University with a Bachelor of Science in Accounting and is a member of numerous professional associations.