David Bussone: Principal and CEO of Apparo Healthcare.
He is a multi-facility manager and seasoned hospital and health system CEO, with significant consulting and turnaround experience. He has worked for leading investor owned hospital management companies, as well as major not-for-profit and academic healthcare institutions. In his roles as a multi-facility executive he has been responsible for from 2 - 12 hospitals.
David Bussone serves as a veteran hospital and health
system Chief Executive Officer with track record for turning organizational performance around. His serial successes in maximizing productivity and
profitability make David Bussone a sought-after health care executive.
Following his Assistant and Associate Administrator positions with HCA between 1979 and 1984, David
Bussone was hired as the Associate Director for the University of
Mississippi Medical Center in Jackson, Mississippi. He distinguished himself by improving hospital operations and conducting a $13
million turnaround.
Under an HCA Management Company (now Quorum) contract, David
Bussone became Director and Chief Executive Officer of the University of
Mississippi Medical Center's 3 hospitals. He expanded services, implemented referral programs for specialty
patients, and participated in efforts to secure more federal funding. By 1991, net patient revenues
reached $180 million.
His successes in Mississippi led David Bussone to accept a position
in Florida as President and Chief Executive Officer of Tampa General
Healthcare, a system consisting of a tertiary teaching hospital, rehab hospital, and
psychiatry facility. Within three years, David Bussone acquired a second
psychiatry facility, and implemented an
outpatient diversification program
For his next challenge, David Bussone advanced to HCA’s Chief
Executive Officer of two Plantation, Florida, acquisitions, Westside
Regional Medical Center and Plantation General Hospital. David Bussone
merged two different management teams, combined multiple physician
departments, and reorganized hospital bylaws, rules, and regulations to
improve revenue and EBITDA greatly during his three-year tenure.
David Bussone spent the ensuing five years as Senior Vice President
at Cambio Health Solutions (now FTI Cambio) in Brentwood, Tennessee.
With oversight of numerous turnarounds and performance improvement
projects, David Bussone generated as much as $37 million in savings on
individual projects through his efficiency efforts. In 2002, David
Bussone launched a consulting firm, Apparo LLC, which he
continues to operate today. As Chief Executive Officer, David Bussone
offers his expertise in improving operations, performance, and finances
to client health care systems and hospitals.
In addition, he provides M&A advice, due diligence consultation, and services to venture capitalists regarding healthcare related organizations.
Universal Health Services, Inc., offered David Bussone the position
of Group Director for four Las Vegas-area hospitals in 2005.He built a fifth greenfield facility, reduced expenses, elevated staff
performance, and increased operating margins by 14 percent to reach and
maintain market share leadership. Universal Health Services, Inc.,
promoted David Bussone to Senior Vice President of the Acute Division
and Vice President of the Western Region where he oversaw
operations and finances for 11 acute care hospitals, began construction
of a 12th, and improved net patient revenues to the near-$2 billion
mark.
Later, MedCath Corporation of Charlotte, North Carolina, employed
David Bussone (EVP & President - Operations Division) to assume responsibility for its base of 11 hospitals, the cath lab division, and a physician practice consultation group. MedCath was founded as a mobile
catheterization lab and heart hospital company. MedCath was a $600 million net patient revenue company in FY2010.