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Board of Trustees

 

Richard Cascio

Richard Cascio is a Managing Director with the Alvarez & Marsal Healthcare Industry Group in New York and Miami. Mr. Cascio provides multi-project oversight and healthcare financial and operational consulting services to clients ranging in size from small community hospitals to more than $1 billion academic medical centers.

Mr. Cascio’s specialties include turnaround management, performance improvement, strategic planning, corporate finance, mergers and acquisitions, creditor relations, physician relations, governance and debt restructuring. Known nationally and internationally for his work in hospital turnarounds and performance improvements, Mr. Cascio has more than 30 years of experience in the healthcare industry.

Prior to joining A&M, Mr. Cascio served as Managing Director with FTI Healthcare; President of an international venture capital investment firm; President and CEO of a 730-bed, three-hospital healthcare system; President and CEO of a 369-bed tertiary care medical center that received both the AHA Hospital Turnaround of the Year award and the Top 100 Hospital award; and Chief Strategic Officer of a 400-bed tertiary medical center. As President and CEO of Palm Beach Health System, Mr. Cascio led the merger of a 200-bed community hospital into the health system.

In addition, Mr. Cascio spent more than nine years with KPMG in the firm's New York office and as the South Florida regional healthcare industry director, where he provided a broad range of audit and consulting services, including strategic planning, mergers and acquisition, business development and operational and financial turnarounds.

Mr. Cascio earned a bachelor's degree in mathematics from Adelphi University. He is a Certified Public Accountant in Florida and New York and a Fellow in the Healthcare Financial Management Association. Mr. Cascio is also a member of the American Institute of Certified Public Accountants, the Florida Institute of Certified Public Accountants and the American College of Healthcare Executives. He currently serves on the Board of Directors and Governance and Finance Committees of Hospice by the Sea in Boca Raton, Florida.

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