George Whetsell, FACHE

Managing Partner

239.537.2045
gwhetsell@prismhealthcare.com

George W. Whetsell is a co-founder and Managing Partner of Prism Healthcare Partners LTD. He brings more than 40 years of consulting experience serving the healthcare industry. He is a nationally recognized expert in cost and quality management and has assisted hundreds of healthcare providers with their efforts to improve quality and reduce costs. He is particularly adept at managing the change process and helping boards, medical staffs and senior management successfully implement the changes necessary to reposition their organizations for success.

Representative Engagements

  • Served as chief turnaround officer for a five-hospital system in the Southwest. Reengineered the revenue cycle, implemented a labor productivity management system and a non-labor cost reduction initiative. Results included reducing accounts receivable days from 65 to 42, one-time cash acceleration of $14 million, a $10 million reduction in labor costs and a $15 million reduction in non-labor cost.
  • Served as chief turnaround officer for a large multi-campus integrated delivery system located in the Midwest. Implemented a labor productivity management system, redesigned the case management program and restructured the owned physician practices. Results included a $33 million reduction in operating expenses, a 1.5-day reduction in length of stay and an increase in operating margin from 0.5% to 5.0%.
  • Served as chief implementation officer for a three-hospital system located in the Northeast. Results included more than $37 million in implemented improvements, including a $13 million reduction in labor costs, an $8 million reduction in non-labor costs and a $13 million increase in net revenues.

Experience

  • Co-Founder and Principal, Wellspring Partners
  • Partner and National Director of Healthcare Operations Improvement Consulting, KPMG
  • Partner and Director of Healthcare Services, Mid-Atlantic Region, Ernst & Young
  • President, Whetsell & Associates, a performance improvement healthcare consulting firm

Insights

Awards and Distinctions

  • Recipient of the 2013 Distinguished Alumnus Award, Swanson School of Engineering, University of Pittsburgh
  • Recipient of the 1996 Distinguished Alumnus Award, Department of Industrial Engineering, University of Pittsburgh