Suggestions
David Fhfma
President at DCCS Consulting, LLC
Professional Background
David Fhfma is a distinguished healthcare executive and entrepreneur with over 20 years of valuable experience in the healthcare sector. As the Founder and President of DCCS Consulting, LLC, he focuses on enhancing operating margins for healthcare clients, providing a one-stop "turnkey" solution that proves highly effective. The expertise and methodologies implemented by David and his team have garnered significant success, with an average improvement of $8 million in operating margins per client. He reached a remarkable milestone by achieving a record $30 million improvement for one client. David’s extensive knowledge in healthcare administration spans across diverse areas, including governance, finance, treasury, business development, and strategic planning. He has acquired a reputation for driving results-oriented solutions, especially in free-standing community hospitals and national health systems.
Education and Achievements
David pursued his Bachelor's Degree in Accounting from Post College, allowing him to establish a strong foundation in financial analysis and management. He further advanced his academic expertise by obtaining a Master's in Business & Policy Studies from the State University of New York (SUNY). This educational background has equipped him with robust analytical skills and a comprehensive understanding of the healthcare system's operational nuances, making him a highly sought-after consultant in the field.
Notable Career Positions
Throughout his illustrious career, David has taken on several key executive roles:
- SVP Chief Financial Officer at Bon Secours Charity Health System, specializing in turnaround engagements.
- Interim Vice President/CFO at Hanover Hospital in Pennsylvania, implementing DCCS's turnaround approach to stabilize and enhance hospital finances.
- Executive Vice President/CFO at St. Francis Hospital, which is part of the Catholic Health East Health System, where he made significant contributions to financial stability and operational efficiency.
- Senior Vice President/CFO at St. James Mercy Health System, again within the Catholic Health East network, demonstrating his deep commitment to improving healthcare outcomes.
- Senior Financial Consultant at Cambio Health Solutions, focusing on intensive resources to optimize financial performance.
- Vice President Finance/CFO at St. Elizabeth's Medical Center, where he further honed his skills in hospital operations and financial strategies.
Achievements
David's commitment to maximizing operational efficiency is clearly demonstrated through multiple engagements, where he has successfully transformed struggling healthcare facilities into fully operational and financially stable institutions. For instance, under his stewardship, a hospital on the brink of financial despair—projecting zero cash on hand within six months—was rejuvenated, achieving stability and a growing revenue stream. Such success stories underline David’s ability to apply best practice methodologies in both urban and rural healthcare environments, tailoring solutions to meet diverse organizational needs.
By fostering a values-based decision-making approach and creating cohesive, effective teams, David has demonstrated his skills in managing complex healthcare organizations. His strategic vision and proficiency in managed care contracting, IT solutions, public relations, and marketing further distinguish his professional profile.
Future Outlook
With an unwavering dedication to driving healthcare excellence, David Fhfma is positioned to continue making impactful contributions to the healthcare landscape. His entrepreneurial spirit and proven track record not only bolster his credibility but also inspire confidence in the many healthcare entities that seek his guidance. As he leads DCCS Consulting into the future, clients can expect innovative strategies that align with their operational goals and facilitate sustainable growth.
