Board of Directors
Greg Grugnale, Chairman of the Board
In his capacity as Optum's Vice President of M&A Integration, he oversaw enterprise initiatives and M&A integration strategy for UnitedHealthcare and Optum, two unique and complementary healthcare firms. Over the course of his seven years in this position, Mr. Grugnale has orchestrated over 100 integrations with an emphasis on quality, risk, time, money, and communication. His certifications as a Certified Financial Planner (CFP) and Chartered Financial Analyst (CFA) attest to his strong business sense and analytical approach.
As the "face of the integration," Mr. Grugnale thrives at motivating and leading a variety of stakeholders. He is adept at outlining goals for merged companies, thinking quickly, and coming up with original solutions to challenging issues that result in higher production and efficiency.
Joseph McIsaac, MD, MS, MBA, CPE, NACD.DC, FASA/Industry Expert
Senior executive leader and BOD specializing in driving growth and organizational change through robust strategies while building cultures focused on achieving results, improving quality, propelling operational and academic excellence. Expert at maximizing acquisitions, defining organizational needs and developing plans for companies from start-ups to public companies.
Commercially astute and entrepreneurial with an instinct for identifying and maximizing new business opportunities, harnessing skills in venture capital and private equity across business development areas.
Clinical Professor of Anesthesiology ▪ The University of Connecticut School of Medicine 2019- Present Supervisory Medical Officer ▪ National Disaster Medical System 2011-Present Anesthesiologist ▪ University of CT Health Center ▪ CT Children’s Medical Center 1996-Present Chief of Trauma & Urological Anesthesia ▪ Hartford Hospital 1991-Present Associate Adjunct Professor of Biomedical Engineering ▪ The University of Connecticut School of Medicine 1991-Present CEO, Founder, R&D Director, Managing Member Mountain Laurel Biomedical, LLC 1998- 2013 Education: MBA, University of Massachusetts-Amherst ▪ MS Biomedical Engineering ▪ MD ▪ BA cum laude Chemistry
Dr. Richard Juda, MD, MPE, MBA, FACHT/Industry Expert
Dr. Richard Juda has been leading hospital programs with notable progress in terms of both clinical and financial outcomes for nearly two decades. New measures for infrastructure, bolstering basic services, and boosting morale have all been put into practice. As a visionary and corporately realistic senior leader, he recognizes key issues, generates the resources required to accomplish strategic goals and harnesses the energy and abilities of others. He has earned revenues of over $450 million for his clients.
Richard Juda MD, CPE is the CEO and Founding Partners of Innovative Healthcare Group
Post-Graduate Residency at the University of Connecticut
Post-Graduate Fellowship Surgical Critical Care at Yale University
Fellow and Board Member of American College of Healthcare Trustees
Certified Physician Executive with over 15 years of leadership experience
Experience as a Senior Executive for many major healthcare systems and organizations
Successfully developed a regional comprehensive stroke center program surpassing the breakeven point in 6 months
Achieved profitable hospital start-up platforms with integrated clinical services with fiscal profitability in 3 months
Developed clinical core groups in hospital systems to improve clinical services, cut resource waste, and cut costs
Devised business platforms for hospitals billables resulting in exponential revenue growth year over year
Increased hospital CMI upwards of 2.04 points and Leapfrog scores promoting hospital growth with fiscal strength
Increased hospital systems ICD-10 coding accuracy with billing throughput in order to achieve maximal revenue collections (increase 30-60%) for clinical services provided.
Designed process and outcome measurement solutions increasing patient through-put in all areas of the hospital reducing the length of stay by 1.2 days systemwide in 12 months
Provided expansion of hospital clinical platforms increasing physician revenue in conjunction with hospital profits
Increased an integrated physician workforce aligning goals and performance with the hospital objectives in order to improve clinical outcomes with a reduction in hospital acquired conditions.
Decreased Accounts Receivable aging > 120 days to less than 5% for clinical services provided
Saved failing healthcare systems from bankruptcy / fiscal failure with profitable turn-around strategy achieving fiscal success in 12 months
Dr. Kathryn Garrett, MD/Industry Expert
Kathy Garrett is a physician executive, healthcare consultant and board director who leverages broad-spectrum business expertise to help organizations optimize performance. As CEO of Medical Center Radiology Group (MCRG), a $35M private physician group practice in Orlando, Florida, Kathy held full P&L oversight and stabilized the company’s financial position through successful business transformation initiatives.
She developed a new governance model, spearheaded a profitable joint venture with Orlando Health, Inc., and built a robust compliance program. Along the way, Kathy also held leadership roles with several medical oversight organizations. Since retiring from MCRG in 2020, Kathy founded a consulting company, MKG Consulting Solutions, and currently works as a healthcare consultant, providing strategic insights on hospital/physician practice management, growth strategy, M&A, crisis management, governance as well as diversity, equity and inclusion. Kathy brings 20+ years of experience serving on for-profit and nonprofit boards. Currently, she sits on the boards of Orlando Health, an $8B integrated healthcare system, and Central Florida Medical Society, a branch of the National Medical Association.
She is on the advisory board of Digital Anatomy Simulations for Healthcare (DASH). In 2021, she was appointed to a three-year term as a strategic advisor to the American Hospital Association, which represents 5,000 hospitals and healthcare systems nationwide. Kathy’s past board service includes MCRG, Orlando Health Foundation, Florida Board of Medicine and Quest, Inc.
As an independent director, Kathy provides clear direction and upholds the highest levels of ethics and fiduciary care to help organizations advance their strategic agendas. Her committee appointments have included finance/audit, quality, philanthropy and compliance.
Dr. Nima Alinejad MD, CPE/Industry Expert
Dr. Nima Alinejead is a USAF flight surgeon with expertise in both civilian and military health. He also has skills in psychiatry and family medicine.
Mark Backstrom, Finance Chair
Proficiency in 16 buy-side and sell-side transactions totaling $500k to $100 million in annual revenue, ranging from one clinic and $500k in revenue to 63 clinics and $100 million in revenue. The experience spans from diligence and preparation for sale to transaction execution and practice integration. Assisting the CFO of a $20 million multi-location healthcare practice involves determining crucial strategic plans to meet financial targets and boosting the company's worth before starting the sales process.
Chief Financial Officer overseeing the operations of several multi-site healthcare M&A firms with yearly sales between $60 million and $100 million. constructed two administration systems that were then integrated with further purchases. In his capacity as interim CFO, he oversaw the sales process for a healthcare software firm, leading to a successful deal that brought the company's valuation to above $110 million.
Ron Riewold, Industry Expert
Mr. Riewold has developed health care real estate and is the former President of Riewold & Phipps Development, Commercial Real Estate Development Co, Pain Care Holdings- an American Stock Exchange Company, American Enterprise Solutions- a healthcare delivery system and former Vice President of Development Heart Labs of America. He worked on Mergers and Acquisitions for Medical Industries of America which became Cyber Care on the NASDAQ and is the current CEO of Dynamic Medical Distributors LLC doing worldwide COVID -19 testing and various other health screening tests
Mr. John Lines, In-House Attorney
Mr. Lines is licensed to practice law in Ohio, Illinois, Tennessee and has house counsel in Florida and can waive into the bar of most states. He practices law in the areas of securities, corporate governance, ESG, mergers and acquisitions, corporate compliance, healthcare, and litigation management as well as information technology and real estate. An authority on roll-ups, M&A, securities, corporate governance, risk management, and compliance; also includes transactions involving the healthcare industry.
Raul Reyes, Founding Director
Raul Reyes is a Project Manager and Executive Director for Reyes Engineering Corporation. Reyes Engineering is a family-owned union General Engineering contractor based out of Los Angeles, California. Raul Reyes assisted his father by growing his business from $300,000 in revenue to $25Million in current government construction contracts from 2010 to now.
The growth was accomplished by organic growth constituted by risk, meeting customer schedules and demand, strategic estimating, and calculated risk at every job. Mr. Reyes grew his father’s company from being an Electrical contractor, to a multi-trade and multi-union signatory contractor. Mr. Reyes has completed over $75 Million in government construction contracts with all of them completed on time, in profit, and in good standing with the client.