Mukesh Gangwal

President & CEO

312.610.4834
mgangwal@prismhealthcare.com

Mukesh Gangwal, President and Chief Executive Officer of Prism Healthcare Partners LTD, is an expert in large-scale performance improvement projects, revenue cycle management, physician services and turnarounds. He is a co-founder of Prism and brings more than 30 years of healthcare consulting experience helping community hospitals, health systems and academic medical centers improve their operational and financial performance.

As a former partner and managing director at Arthur Andersen, Bearing Point and Huron Consulting, he has advised boards and management on cost and revenue improvements, often resulting in up to $100 million or more in annual recurring benefits for several clients.

Representative Engagements

  • Served as Chief Turnaround Officer at a $1.5 billion multi-hospital health system in the Southeast and delivered annual recurring benefits exceeding $100 million: $40 million in revenue cycle benefits, 15-day reduction of accounts receivable, 1.6-day decrease in length of stay, $23 million reduction in labor cost and $28 million decrease in non-labor costs. Addressed change management issues with employees, clinicians and management that yielded tangible improvements in communication, team building and training.
  • Served as client service executive to a nationally recognized academic medical center and helped consolidate revenue cycle operations across the enterprise, increasing net patient revenue by $62 million and reducing labor costs by $15 million. Assisted in developing strategies for a cancer center that spanned organizational structures, operational models and financial relationships with affiliated entities, leading team of non-labor experts on reducing $45 million in supply chain costs.
  • Led a merger operational due diligence project for Midwest-based health systems with combined revenues of $3.4 billion, assessing benefits ranging from $122 to $250 million in a three- to five-year period in the areas of labor, non-labor, revenue cycle, physician services and clinical operations based on consolidation, service rationalization, corporate overhead reduction and standardization of operational practices. Under Mukesh’s leadership, he ultimately implemented $50 million in revenue cycle and non-labor consolidation benefits.
  • Led a national initiative with five nationally recognized medical centers to develop and design an outpatient and service delivery model.

Experience

  • Partner and National Leader of Revenue Cycle Practice, Arthur Andersen LLP
  • Managing Director and National Leader of Revenue Cycle Practice, Bearing Point
  • Managing Director and leader of Physician Practice and Integrated Performance Improvement Services, Huron Consulting

Insights

Distinctions

  • Adjunct Professor, J.L. Kellogg School of Management
  • National Trustee of American India Foundation
  • Served as member of Kellogg School of Management Alumni Board
  • Chaired healthcare seminar with President Bill Clinton, Dean Dipak Jain and other healthcare luminaries at Kellogg School of Management
  • Led national initiative with five reputed medical centers to develop and design an outpatient and service delivery model
  • Frequently presents to Boards, executive leadership and professional associations on healthcare strategy, operations and finance