Palm Medical Centers Names Jim McHugh Chief Financial Officer
October 15, 2021 at 08:00 AM EDT
Palm Medical Centers (“PMC”), an MBF Healthcare Partners II, L.P. (“MBF”) portfolio company, has named Jim McHugh as its Chief Financial Officer. The announcement was made as PMC continues to expand the company’s executive team to implement and execute on its growth strategy in Florida.
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Jim McHugh (Photo: Business Wire)
Mr. McHugh brings with him nearly 15 years of executive experience in senior-focused healthcare and has operated Medicare Advantage plans, ACOs, and physician networks in both Texas and North Carolina. Most recently, Mr. McHugh served as Vice President of Financial Planning & Analytics at Southwestern Health Resources in Dallas-Fort Worth. Prior to that, he was the Chief Financial Officer for North Texas Specialty Physicians (NTSP), an independent physician association that was acquired by Southwestern Health Resource in 2018, in Fort Worth, Texas.
“Jim brings a successful track record of guiding managed care organizations and growing top line revenue,” said Fowad Choudhry, CEO of Palm Medical Centers. “His financial and strategic acumen along with his experience in company transactions provides a great addition to PMC’s executive team as we continue to add new medical centers and expand PMC’s model of providing high-quality, cost-efficient medical care to our patients throughout our markets in both South and Central Florida.”
As Chief Financial Officer of NTSP, Mr. McHugh helped to significantly grow the company’s annual revenue, launched Medicare Advantage plans in Fort Worth and North Carolina, and served as Chief Financial Officer of a CMS Medicare Pioneer ACO.
Mr. McHugh earned a Bachelor of Arts with honors in Economics from Vanderbilt University and a Master of Business Administration from Texas Christian University Neeley School of Business where he was recipient of the Top Neeley Scholar award.
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