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ABOUT

ABOUT

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PATRICK J. MCMAHON, CPA, MBA

PRESIDENT & CEO | McMahon & Associates, LLC

pmcmahoncpa@gmail.com

SENIOR STRATEGY, FINANCE AND DEVELOPMENT EXECUTIVE

Pat is an accomplished senior strategy, financial and business development executive. He has over 45 years of Board of Directors and management experience in the healthcare industry and in audit and consulting for healthcare, manufacturing, banking and other services industries.

Pat founded McMahon & Associates, LLC (M&A) in 2005.  M&A is a consulting firm which provides business, strategic, financial, healthcare advisory and Board of Directors services and interim CEO and CFO services.  Pat’s experience and expertise include financial turnarounds, strategic planning, Board governance, revenue enhancement, cost reduction, debt financing, mergers and acquisitions and systems integration among others.

 

Pat has served in several executive positions including CFO of a number of large healthcare systems and Partner with one of the world’s largest international CPA Firms.  

ACCOMPLISHMENTS

  • Served on numerous for-profit and nonprofit Boards of Directors in various Board leadership positions

  • Provided executive and financial leadership for numerous corporate strategic plans of several health systems, a major senior living community, and a Museum of Art & History

  • Identified and implemented revenue enhancement and cost reduction initiatives at numerous health systems and corporations that resulted in significant bottom-line improvements including a $27 million financial turnaround for one health system

  • Provided strategic direction for national Surgery Center Company and its Ohio market    

  • Conducted independent comprehensive evaluation of financial services for major for-profit orthopaedic specialty hospital​ and provided numerous recommendations for improvement

  • Directed refinancing of debt structure resulting in annual seven-figure dollar savings

  • Directed all financial aspects of successful shareholder multi-million dollar buy-out

  • Provided financial direction and significantly involved in the strategic direction of numerous corporate acquisitions of hospitals, nursing homes, physician practices, a health plan, a major home health business and a medical equipment company and joint ventures in surgery center, sleep lab, radiation oncology and special care nursery; integrated and centralized information systems, purchasing, accounting and treasury systems and staffing for all acquired companies, in order to reduce duplication of services, standardize products and enhance information processing 

  • Implemented new investment policies including equity and fixed income securities to improve investment returns while maintaining reasonable levels of business risk

  • Established and directed several off-shore captive insurance companies for hospitals and physicians

  • Directed feasibility study, development and construction of outpatient facility ($16 million) and assisted in related physician recruitment plan to generate significant earnings growth

  • Provided financial direction for construction of nationally recognized health and wellness center

  • Provided executive coaching services to CFO of a continuing care retirement community

MBA, Finance, Kent State University

BBA, Accounting, Magna Cum Laude, Kent State University

Certified Public Accountant, Ohio

American Institute of CPA’s; Ohio Society of CPA’s

Healthcare Financial Management Association

Cleveland Catholic Diocese - Finance Council, Audit Committee and Investment Committee

The Village of St. Edward Senior Living Community – Vice Chairman of Board of Directors, Chairman of Finance Committee, Strategic Planning Committee

Akron Zoological Park – Board of Directors, Past Chairman

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