Richard Cascio
Managing Director
Quick facts
Provides multi-project oversight, interim management, and healthcare financial, and operational consulting services
Advises clients ranging from small community hospitals to billion dollar academic medical centers, physician practices, non-acute care providers, and private equity firms
Globally recognized for his work in hospital turnarounds and performance improvements
Contact info
Download PDF  |  V-Card
Call
+1 561 213 4610
Connect on
Richard Cascio is a Managing Director with the Alvarez & Marsal Healthcare Industry Group in New York and Miami.

He provides multi-project oversight, interim management, and healthcare financial & operational consulting services to clients ranging in size from small community hospitals to more than $4 billion academic medical centers, physician practices, non-acute care providers, and private equity firms.

Known globally for his work in hospital turnarounds and performance improvements, Mr. Cascio brings 30 years of healthcare industry experience. His specialties include, turnaround management, performance improvement, strategic planning, corporate finance, physician group practice, mergers & acquisitions, buy- and sell-side due diligence, creditor relations, physician relations, governance & debt restructuring.

He recently served as CEO for University Health System (UHS), a newly incorporated not-for-profit entity formed via a public/private partnership with the Louisiana Department of Health and Hospitals. UHS consists of LSU Health Sciences Center – Shreveport campus, a 457-bed academic medical center and Level-1 trauma center, affiliated with the LSU School of Medicine, and the LSU Health Sciences Center – EA Conway campus, a 247-bed hospital. Both hospitals serve as the safety net providers for the uninsured and under-insured in their communities. In his role as CEO, Mr. Cascio coordinated the public to private transition, including the establishment of a new stand-alone multi-hospital system & the development of new human resources, financial, I/T, and patient care systems. The transition was accomplished in 135-days and to-date has generated EBIDA improvements of over $100 million.

Prior to joining A&M, Mr. Cascio served as managing director with FTI Healthcare, president and CEO of a 730-bed, three-hospital healthcare system, and the president and CEO of a 369-bed tertiary-care medical center that received both the AHA Hospital Turnaround of the Year and the Top 100 Hospital awards and chief strategic officer of a 400-bed tertiary medical center. In addition, Mr. Cascio spent more than nine years with KPMG and as the South Florida regional healthcare industry director, providing a broad range of audit and consulting services.

Mr. Cascio earned a bachelor's degree in mathematics from Adelphi University. He is a Certified Public Accountant in Florida and a Fellow in the Healthcare Financial Management Association. He is also a member of the American Institute of CPA’s, the Florida Institute of CPA’s, and the American College of Healthcare Executives.

NOTE: Alvarez & Marsal employs CPAs but is not a licensed CPA firm.