Financial Resource Group

• Company Profile
• Partners
• Strategic Partners

Partners

Financial Resource Group, LLC was formed in January 2000. The partners, Matt Nelson, Alan Townsend, Ted Shaw, John Hessand Jeff Denum bring over 150 years of healthcare experience to the FRG consulting engagements.

Mr. Matt Nelson has over 32 years experience in healthcare financial management in both for-profit and non-profit settings. He was financial officer with Baylor Health Care System for fourteen years and has been in healthcare financial consulting since 1995. He has extensive experience in all healthcare financial areas including strategic financial planning, budgeting, capital resource allocation, operations improvements, business process redesign, systems analysis and many other areas.

Mr. Alan Townsend has over 29 years experience in healthcare financial management and consulting. He was a financial officer for Baylor Health Care System holding numerous leadership positions during a period of seventeen years. He has extensive experience in budgeting, long range planning, operations improvements, capital analysis, systems analysis, as well as many other areas.

Mr. Ted Shaw has over 34 years experience leading and directing varied life science and managed-care professional service engagements. Mr. Shaw previously was regional director of healthcare for Ernst & Young and partner in charge of the Western US provider consulting practice of William M Mercer. Mr. Shaw also served as Sr. VP of Management Service for EPIC Healthcare Group, a large proprietary hospital chain, COO of two software development and Internet-based companies and as CEO/CFO of several turn-around companies.

Mr. John L. Hess has over 39 years financial management experience in various industries including Big Five accounting and consulting firm experience. He was a financial officer for 24 years with Baylor Health Care System in various management positions including chief financial officer and treasurer. At Baylor he served as senior advisor on financial matters to top management of the system and as the financial liaison with the Board of Trustees. Areas of specific expertise include long-range strategic financial and capital planning, financial feasibility studies, tax-exempt and taxable financings, investment banking, investor and rating agency relations and financial reporting, mergers, acquisitions, affiliations and divestitures planning, analysis and due diligence, and treasury and investment management.

Mr. Jeff Denum has over 25 years experience in the healthcare industry. Before founding Denum Services, Inc., he was a financial director at St. Luke's Episcopal Hospital, in Houston, Texas. As President of Denum Services, Inc., he formed a company focused on providing solutions to the healthcare market designed to reduce non-labor costs. His career has included substantial work in the areas of materials management, logistical operations contracting, HIPAA compliance, group purchasing analysis, systems implementation, and information services strategic planning.