Ben Ulrich, CVA

Managing Director

Ben Ulrich is a Managing Director in the Compensation Division at VMG Health and is based in the Dallas office. His focus is providing valuation and consulting services for contractual service arrangements within the healthcare services industry. He has particular expertise in valuations relating to provider employment, on-call coverage, physician administrative and executive services, telemedicine, hospital-based coverage, management / billing, and quality initiatives. Ulrich also developed and manages VMG Health’s FMV Tools service line providing expedited, cost-effective valuation solutions to clients nationwide.

Prior to joining the Compensation Division, Ulrich worked in VMG Health’s Business Valuation division where he provided valuation services related to hospitals, specialty/surgical hospitals, ambulatory surgical centers, diagnostic imaging centers, and single and multi-specialty physician practices.

Ulrich graduated summa cum laude and holds a Bachelor of Business Administration in Financial Consulting from the Edwin L. Cox School of Business at Southern Methodist University. He is currently designated as a Certified Valuation Analyst (CVA) and is a member of the National Association of Certified Valuation Analysts.

Cordell J. Mack is a Managing Director at VMG Health based in the Minneapolis office with over 19 years of experience in healthcare management and consulting. Cordell specializes in helping provider clients with strategic and financial needs.

Cordell has served a variety of clients across the country in various capacities related to health system positioning, capital/capacity availability, strategic planning, mergers and acquisitions, physician–health system partnerships, asset optimization, and performance improvement. He has served in a variety of leadership and administrative roles including owner/director of a sports medicine rehabilitation facility and administrator for a multispecialty clinic. Prior to joining VMG Health, Mack was a Partner at Health Care Futures.

A frequent author and speaker, Mack is a regular participant in regional and national HFMA and MGMA events on the topics of physician integration, service line joint ventures, and group performance.

Mack graduated with a bachelor’s and master’s degree in physical therapy from the University of North Dakota and a master’s degree in business from the University of Iowa. Mack is also a member of MGMA.

Don Barbo is a Managing Director with VMG Health and leads the firm’s Litigation & Disputes valuation practice. He has performed valuations exclusively for the healthcare industry for over 23 years involving mergers and acquisitions, divestitures, partnership transactions, leasing arrangements, financial reporting matters, divorces, diminution of value, and commercial damages. His extensive healthcare valuation engagements have included hospitals (acute care, long-term care, critical access, behavioral health, and surgical), physician practices (variety of primary care and hospital-based), ambulatory surgery centers, diagnostic imaging centers, cardiac catheter labs, pathology and clinical labs, cancer treatment centers, and dialysis centers. Barbo has also performed engagements for various contracts between hospitals and physicians, including medical director agreements, on-call agreements, lithotripsy service agreements, professional services agreements, and management services agreements.

Barbo also serves as an expert witness in litigation matters for his clients and has an extensive testifying experience in various state and federal courts. His testifying experience involves a wide range of issues including whistle-blower actions, breach of contracts, shareholder disputes, bankruptcy and distressed businesses, and marital divorces. He has spoken extensively to various legal and valuation organizations and has published articles regarding healthcare business valuation issues. Prior to his valuation career, he served as the chief financial officer for a physician practice management company that provides management services to a variety of physician practices. Before that, he served as the controller/financial officer for various emerging companies. He began his professional career as an auditor with a Big 4 national accounting firm.

Barbo is a CPA, holds the Accreditation in Business Valuation from the AICPA, is a member of the Medical Group Management Association (MGMA), and is a member of the Healthcare Financial Management Association (HFMA). He also served on the Technical Advisory Board for the AICPA’s Forensics & Valuation Section Consulting Digest and the Financial Valuation and Litigation Expert newsletter. He holds a BBA in Accounting from Texas Tech University, and an MBA from the Cox School of Business at Southern Methodist University.

As the Managing Director of Managed Care and Payer Related Advisory Services at VMG Health, Jack Wolf and his team provide an array of expertise on managed care and payer/provider relationship activities. These include payer strategy development and deployment, leading major payer negotiations, establishing provider networks capable of earning shared savings, quality bonuses and/or premium savings, evaluating hospitals or health systems managed care portfolio performance, advancing payer contracting strategies, repairing service line rate inequities and payer rate variances, and providing interim executive management.

Wolf has worked with major payers and large for-profit and not-for-profit health systems. Most recently, Wolf was the Chief Payer Relationship Officer for Envision Healthcare, the largest provider of hospital-based physician services in the country.

Wolf holds a Bachelor of Science in Accounting from the University of Illinois and Master of Public Health from Saint Louis University. He is a Certified Public Accountant (CPA) and a Fellow of the Healthcare Financial Management Association.

Jonathan Helm is a Managing Director in the Compensation Division at VMG Health and is based in the Dallas office. He specializes in the valuation of complex contractual arrangements with a focus in provider compensation and management agreements.

His experience includes valuations related to administrative and management agreements, call and clinical coverage, medical directorships, clinical co-management, billing/collection, and ancillary services agreements (laboratory, radiation oncology, and imaging). Clients include for-profit and not-for-profit health systems, publicly owned and privately held healthcare operators, and private equity firms.

Helm also has experience providing valuation services for transactional and financial reporting purposes. Business entities valued include acute-care hospitals, rehabilitation hospitals, surgical hospitals, ambulatory surgical centers, diagnostic imaging centers, single and multi-specialty physician practices, and cancer treatment centers, among others.

Helm serves as a contributor to VMG Health’s FMV Tools™ which allows users to quickly establish compensation levels for employed and independent contractor physicians in various roles based on systematic and unbiased guidelines.

Helm holds a Bachelor of Business Administration in Financial Consulting from Southern Methodist University. He also holds a Master of Business Administration in Finance from the University of Texas at Dallas. He is designated as a Certified Valuation Analyst (CVA) through the National Association of Certified Valuators and Analysts.

Pam D’Apuzzo is a Managing Director at VMG Health leading the Coding, Compliance and Operational Excellence Management service line. She is a recognized leader and industry expert in the area of coding and compliance. Pam’s 30-plus years of healthcare consulting experience spans academic medical centers, community hospitals, faculty practice plans and large private practices.

A trusted adviser to New York’s leading healthcare institutions, she conducts educational and training seminars and provides comprehensive compliance programs. Pam also has a successful record of practice management services including operational and billing review, practice assessment, practice start-up assistance and EMR implementation.

Pam is a frequent speaker at conferences sponsored by the American Academy of Professional Coders (AAPC), Health Financial Management Association (HFMA), New York State Society of Physician Assistants (NYSSPA), Suffolk County Medical Society (SCMS) and American Association of Gynecologic Laparoscopists (AAGL).

Thomas A. Warrington, Jr. is a Managing Director in the Professional Service Agreements Division at VMG Health and is based in the Nashville office. He specializes in providing valuation and consulting services for professional service arrangements within the healthcare services industry.

Specifically, his areas of expertise are valuations for professional services including call coverage, clinical compensation, physician administrative and executive services, administrative management, billing and collection services, and subsidy coverage. Clients include for-profit and not-for-profit health systems and other public and privately held healthcare entities.

Prior to joining the Professional Services Agreements Division, Warrington worked in VMG Health’s Business Valuation Division where he provided valuation services for transaction purposes. Businesses valued included acute care hospitals, specialty and/or surgical hospitals, ambulatory surgery centers, diagnostic imaging centers, and physician practices, among others. Warrington holds a Bachelor of Business Administration in Finance from Tennessee Technological University. He is designated as a Certified Valuation Analyst (CVA) and is a member of the National Association of Certified Valuators and Analysts (NACVA) and Financial Consulting Group (FCG).

Wayne Pryor is a Managing Director in VMG Health’s Financial Due Diligence division in the Nashville office. He has over 30 years of experience in the healthcare industry, with a focus on transaction services. Pryor has worked on over 450 buy-side and sell-side transactions in every sub-sector of the industry, ranging from $1 million to $10 billion deals.

Prior to joining VMG Health, Pryor was a Partner and Head of Mazars’ Healthcare Transaction Advisory Services division and was a Managing Director in a large national accounting firm’s Transaction Services Practice where he focused on the healthcare sector. He has also held roles at a Big 4 accounting firm; was the Director of Planning, Analysis and Decision Support Systems for the Mayo Clinic and St. Luke’s Hospital in Jacksonville, Florida; was Corporate Controller for Sterling Healthcare Services; was Finance Director for Baptist St. Vincent’s Health System; and was Contract Administrator/Senior Financial Analyst for Cigna HealthCare.

Pryor received his bachelor’s in accounting from Western State College and attended the University of Arizona, where he pursued a master’s in public administration.

Anthony Domanico is a Director at VMG Health and is the head of VMG Health’s provider compensation design and consulting service line. With nearly 15 years of experience in the valuation and design of provider compensation arrangements, Domanico’s practice has a national focus on compensation design and consulting services for both employed and non-employed physicians and advanced practice providers (APPs) within the healthcare services industry.

He specializes in assisting clients in the development and design of clinical, administrative, and academic compensation structures that align provider incentives with the mission, vision, values, and strategic goals of the organization.

In addition to compensation design and consulting, Domanico values compensation for professional service arrangements that include clinical coverage, call coverage, medical directorships, academic and faculty appointments, physician consulting, clinical co-management, administrative management, physician executive, and many other types of service arrangements. His clients include for-profit and not-for-profit health systems, academic medical centers, and other publicly owned and privately held healthcare entities.

Prior to joining VMG Health, Domanico was a Senior Consultant at SullivanCotter and focused on employed provider compensation design, fair market value, and commercial reasonableness analyses. Before that he worked for two not-for-profit health systems in Minneapolis, Minnesota focused on employed and non-employed provider in the disciplines of finance, human resources, and business development.

Domanico holds a bachelor’s degree in social psychology from Beloit College in Beloit, Wisconsin. He also holds a Master of Business Administration from Hamline University in Saint Paul, Minnesota. He is designated as a Certified Valuation Analyst (CVA) through the National Association of Certified Valuators and Analysts.

Bartt B. Warner is a Director in the Compensation Division at VMG Health and is based in the Nashville office. His focus is on providing valuation, consulting, and advisory services for compensation arrangements within the healthcare services industry.

Warner has particular expertise in arrangements for clinical services, on-call coverage, medical director and physician executive services, coverage arrangements, management services, graduate medical education, and quality initiatives. Clients include for-profit and not-for-profit health systems, academic medical centers, and other publicly owned and privately held healthcare entities. Warner started his career at VMG Health in the Business Valuation Division where he provided valuation services related to hospitals, ambulatory surgery centers, diagnostic imaging centers, single and multi-specialty physician practices, and cancer treatment centers, among others.

He holds the Certified Valuation Analyst (CVA) designation from the National Association of Certified Valuators and Analysts (NACVA). In addition, he has been published in the NACVA QuickRead, Becker’s Hospital Review, the American Health Law Association, and the Health Care Compliance Association.

Warner has also presented at the American Health Law Association, Healthcare Financial Management Association, the University of California, Johns Hopkins Medicine, and the NACVA. He currently serves as the Chair for American Health Law Association’s Fair Market Value Affinity Group.

Sector Experience

Ambulatory Surgery Centers
Behavioral Health
Dialysis
Hospitals
Hospital-Based Medicine
Imaging & Radiology
Oncology
Physician Practices
Laboratories
Medical Device & Life Sciences
Post-Acute Care
Telehealth & Healthcare IT
Urgent Care & Freestanding EDs

Areas of Expertise

Fair Market Value Opinions
Physician Compensation
Management & Administration Agreements