Health Systems are facing a time of unprecedented financial and operational pressures and they must re-imagine nearly every aspect of their processes to increase efficiency and reduce expenses. Together, Warbird and OneStream, will allow your organization to generate speed-to-value with agile planning, insightful analytics to achieve informed, real time decision-making, and increased efficiency.
OneStream provides an Intelligent Finance Platform for the modern healthcare enterprise that simplifies and aligns corporate performance management processes such as financial consolidation, reporting, planning, and analytics. OneStream’s platform can easily be extended with over 50 financial close, planning and analysis, and productivity solutions.
Everything You Need In One System
In today’s volatile and sometimes disruptive economic environment, the healthcare industry faces new challenges daily. Healthcare CFO’s and their finance organizations must lead organizational decision-making processes with accurate insight, speed, and confidence that aligns with the strategic and operational needs of the hospital, health system, or physician clinics. Yet many finance organizations are still bogged down by inconsistent and disparate systems and processes, making it difficult to shift time to value-added analysis and decision support.
UNLEASH THE POWER OF FINANCE
As the healthcare industry faces new challenges daily, organizations need their planning and budgeting process to align with strategic and operational details. Healthcare needs an FP&A system that provides for rapid changes and projections. FP&A teams are no longer settling for separate, non-integrated CPM tools and manual processes that once held them back. They are now investing in a CPM platform that allows adjustment from changes, is flexible without adding operational overhead, provides accurate and easy to understand reporting and analytics while also offering scenario planning. Strategic, financial and operational needs require the analytics see holistically across the organization in real time and the ability to drill down into detailed operational data to understand why.
GAIN AGILITY IN STRATEGIC, FINANCIAL, & OPERATIONAL PLANNING
Finance’s adoption of advanced analytics, for your Health System, is a matter of when, not if. Finance teams not only require tools that help collect and organize large volumes of operational and financial data, they need to actually leverage this data to create insights for decision-making. The pace of change in healthcare has created new pressures for CFOs and Finance leaders to break the month-end reporting cycle. Why? So their business partners have the ability to take mid-stream actions on daily or weekly financial & operational insights that impact financial performance — before month-end!
The Financial Intelligence to Make Mid-Stream Decisions that Can Impact Month-End Results.
Rather than spending time moving and reconciling data and building reports Finance can now leverage this data to drive key decisions such as forecasting cash, or staff needs, or evaluating capital investment decisions.
Incorporating advanced analytics into key finance processes drives collaboration and effective decision making. Leveraging advanced analytics will conquer the complexity of gathering and organizing financial and operational data giving Finance the time to create and manage predictive forecast models.
The Power of Advanced Analytics
LEVERAGE ADVANCED ANALYTICS IN DAY-TO-DAY PROCESSES
OneStream is a 2022 Gartner Magic Quadrant Leader
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Chief Executive Officer and EVP Healthcare
Michael R. Draa has been our Chief Executive Officer since January 1, 2012 when he formed Warbird Consulting Partners by leading a management buyout of the Accounting Advisory Practice from Huron Consulting Group. While at Huron, Michael served as the Practice Lead for the Accounting Advisory Practice. Prior to joining Huron, he was a partner at Callaway Partners, overseeing National Service Delivery on all projects. Mike also currently serves as the acting EVP of Warbird’s U.S. Healthcare Practice.
Mr. Draa has more than 30 years of accounting and consulting experience during which he has held several executive and senior management roles including accounting, sales and marketing and operations. During that time he has successfully led both strategic and tactical projects and teams. Mike’s deep industry experience includes Healthcare, Technology, Manufacturing, Automotive, and Media and he has vast expertise in many functional areas including: management of restatements, turnarounds, bankruptcy reorganization and liquidation, mergers and acquisitions, joint ventures, system conversions (ERP), shared service implementation, start-ups, compliance, process re-engineering and technology ventures.
Mr. Draa sits on the Board of Directors of non-profit organizations and holds a degree in accounting and business management from Cedarville University.
Managing Director, Healthcare Revenue Cycle & OnDemand Solutions
Deborah Erickson has been a Managing Director within Warbird Healthcare’s revenue cycle solutions since 2014. Her duties include client relationships, delivery and development of new services for our clients. While at Warbird, she has delivered financial and operational improvements within the areas of Revenue Cycle, IT and Finance. Prior to Warbird, Deborah was the Healthcare Operations Director for Huron Consulting and also had experience as the Leader of the Talent Management Team.
Deborah has over 20 years of experience in finance, accounting, operations, business development and recruiting including a Big 4 audit background. Her deep industry experience includes the financial services, hospitality, healthcare, manufacturing, non-profit and service industries. Positions held include Vice President of Finance and Administration, Director of Talent Management, Controller and Finance Manager of Planning & Analysis, among others. She was also selected to do an expatriate assignment in the United Kingdom to transition the financial reporting department to a new corporate location.
Deborah earned her BBA at the University of Massachusetts and is a Certified Public Accountant in the state of Georgia.
Managing Director, Revenue Cycle Solutions
With over 25 years of experience in the healthcare industry, Joe is a committed, results-oriented financial leader with a history of delivering complex solutions, revenue and cost-reduction initiatives valued in the millions. He has a proven ability to align and lead cross-functional disciplines to optimize performance and achieve success in both start-up and growth industries. Joe is particularly successful at building and leveraging relationships to facilitate change, realize growth and improve ROI. He has significant healthcare domain expertise in provider, payer, HIE, pharmaceutical and life science industries.
Before he joined Warbird Consulting Partners, Joe served as Sr. Director Consulting & Principal Director Interim Leadership at nThrive, where he developed growth strategies resulting in increased revenue and margin, developed client relationships and infrastructure, and developed solution offerings in response to client and market demands. Prior to that, he was Sr. Vice President of Operations at Health Revenue Assurance Associates, where he developed a scalable corporate structure and managed daily operations for a leading provider of revenue cycle consulting and software solutions.
Joe earned his BA from St. Francis University and his MA in Administration from Rider University.