Ryan Sprinkle is a seasoned advisor and accomplished practitioner in Warbird’s advisory practice. He has navigated hospital and health system clients in multiple states through asset divestitures, mergers and acquisitions, and strategic planning initiatives. Additionally, Ryan regularly works with healthcare organizations, alongside legal counsel, creditor bodies, and hospital leadership teams to develop and implement turnaround plans. Prior to joining Warbird, Ryan co-led the Performance Improvement practice group and served as senior member of the mergers and acquisitions practice group for a boutique healthcare consulting firm. Areas of Expertise: Affiliation Advisory, Performance Improvement/Turnaround Services, Distressed Hospitals, Strategic Planning
Sub-Specialties:
- Strategic planning and plan implementation
- Strategic options analysis and affiliation advisory
- Distressed, turnaround, and work-out advisory
- Post transaction advisory services
- Community foundation advisory services
- Operational performance improvement
- Medical staff development planning and physician/provider need assessments
- Labor productivity and workforce planning
- Data analytics and management planning and reporting tool development
Professional Experience:
As a professional, Ryan is expert at assisting clients in identifying strategic options and executing plans that deliver long-term financial stability. A frequent writer and speaker on topics of healthcare policy and operations, Ryan has a passion for working with other healthcare leaders to apply customized solutions that are informed by prior clients’ experiences.
Professional Accomplishments:
System Divestiture and Affiliation Advisory – Co-led affiliation process for a regional community hospital as its national parent system divested it. This engagement required an aggressive national search process to locate a strategic buyer that addressed the needs of local community and parent system, and led to the creation of a $70M 501(c)(4) community health foundation
Distress Hospital Performance Improvement Plan – Worked with a distressed rural community hospital that was operating at a negative 15% margin to identify performance improvement (PI) opportunities, assemble into a PI plan, and recruit a Chief Implementation Officer to execute on the PI plan. Hospital became breakeven and profitable within twelve-months
Hospital Bankruptcy and State Regulatory Review – Prepared economic impact report, community benefit analysis, and liquidation analysis on an expedited timeline for an urban, safety-net hospital in a Chapter 11 bankruptcy case. Project required extensive coordination and collaboration between client’s legal and strategic advisors in an effort to successfully avoid hospital closure
System Development Strategy – Assisted a health system in its development of a regional health system strategy, identifying target facilities to join client’s health system and analyzing financial and operational efficiencies to be generated from different alignment models