Healthcare companies are at a crossroads. While many of these companies, ranging from pharmacy benefit managers to life sciences IT providers, are helping to empower patients to take control of their health, which in turn helps to cut costs for insurers and hospitals, pressure to control costs creates problems for doctors, hospitals and other healthcare providers. In addition, the political backdrop will likely have an impact on the industry, as it likely will be impacted by regulatory changes to the Affordable Care Act, Medicare and Medicaid. These, too, are likely to add to cost pressure on providers. How can a value-based payment system for care be made to work for the benefit of all industry participants?
This roundtable, presented by The Deal & Donnelley Financial Solutions, will address these issues and many more.
Director of Business Strategy, Venue Virtual Data Room
Donnelley Financial Solutions
Daniel Perez is Director of Business Strategy for Donnelley Financial Solutions, with responsibility for the strategic marketing and branding direction for Venue globally. Daniel has been with Donnelley Financial Solutions 4 years, and prior to joining Donnelley, he worked at both NBC Universal and BBC America in the digital media and marketing divisions in New York. Prior to moving to New York, Daniel worked both as in-house and agency marketing roles in Las Vegas, as well as executive producing a television series for the City of Las Vegas. Mr. Perez holds a Bachelors Degree in Business and Psychology from Pepperdine University and a MBA from the Gabelli School of Business at Fordham University.
Jeffrey R. Jay, M.D.
Senior Managing Member
Great Point Partners, LLC
Dr. Jay is the Senior Managing Member and Co-Founder of Great Point Partners, LLC. Great Point Partners manages approximately $1 billion of health care investments through GPP I and II, private equity growth buy-out funds and the BioMedical Value Fund (“BMVF”), a $500 million life sciences hedge fund, for our limited partners who are endowments, foundations and family offices. We have two separate investment teams and 28 professionals. Dr. Jay is currently a Director of American Surgical Professionals, Clinical Supplies Management, Corrona and Softbox. Prior to co-founding Great Point Partners in 2003, Dr. Jay was for eleven years a General Partner and head of health care at J. H. Whitney & Co., a global investment firm managing over $6 billion of private equity, subordinated debt and hedge funds. Dr. Jay received his B.A. magna cum laude and his M.D. with honors from the six-year B.A./M.D. program at the Boston University School of Medicine and an M.B.A. from the Harvard Business School. Dr. Jay is on the Health Care Initiative Advisory Board of the Harvard Business School and the Dean’s Board of Advisors at the Boston University School of Medicine.
Matthew S. Hemsley
Managing Director, Healthcare Investment Banking
Piper Jaffray & Co.
Matt Hemsley is a managing director and head of the large pharma sector in the Piper Jaffray healthcare investment banking group. Hemsley has more than a dozen years of client service experience. He joined Piper Jaffray from McKinsey & Company, a global strategy and management consulting firm, where he was an engagement manager on both strategic and operational projects. Hemsley started his career in the mergers and acquisitions group at Goldman Sachs & Company in New York. Hemsley serves as chairman of the Heartland Summit for Piper Jaffray, one of the most significant annual gatherings of healthcare CEOs, leaders and policymakers in the world.
Hemsley graduated magna cum laude and elected Phi Beta Kappa from Georgetown University with a bachelor’s degree in economics; he holds a master’s degree with distinction in economic history from the University of Oxford, Magdalen College; and he received his Master of Business Administration degree from Stanford University.
Hemsley serves on the board of directors of North Dakota LNG, Inc., the Piper Jaffray Foundation and the Guthrie Theatre in Minneapolis, and is a former board member of the Stanford Business School Fund and the Greater Twin Cities United Way.
Patrick D. Pilch
Managing Director & National Healthcare Advisory Leader
Patrick D. Pilch leads the firm’s National Healthcare Advisory Practice and Co-Founded the BDO Center for Healthcare Excellence & Innovation. He has more than 25 years of healthcare, financial services, operational management and restructuring experience and provides strategy, business transformation, interim management, M&A advisory, restructuring, turnaround, and performance improvement services to assist organizations and their stakeholders. He has served as a strategic advisor to hospitals, large national behavioral health organizations including mental health and substance abuse, boards, foundations, and healthcare systems in matters involving mergers, acquisitions, divestitures, real estate holdings, and other assets and restructurings.
Mr. Pilch previously held senior leadership roles in Healthcare Advisory at PWC LLP and Alvarez & Marsal. He also led finance and operations at a technology firm, managing general accounting and M&A activity, and served as interim CFO and COO at a hospital emerging from bankruptcy. Formerly Vice President of Managed Care and New Business Development at North Shore-LIJ Health System, he also served in financial advisory services and finance positions while at Greenwich Capital Markets Inc., Salomon Brothers, Inc., and Peat Marwick. Mr. Pilch began his career providing investment banking, structured finance, financial reporting, insurance, healthcare, and bank audit services. Mr. Pilch acted as strategic advisor to a large substance abuse provider and has spoken on reimbursement and regulatory trends in behavioral health at national conferences including the National Association of Addiction Treatment Providers.