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Vincent M. Kickirillo, CFA, CVA
Vincent M. Kickirillo is the leader of Valuation and Transaction Advisory Services at VMG Health and is based in the Dallas office. He has over 30 years of experience providing financial, valuation, and transaction advisory services and solutions to clients in the healthcare industry. His clients include corporations, boards of directors, “C-level” executives, and legal counsels for entities such as hospitals, health systems, ambulatory surgery centers, imaging centers, radiation therapy centers, physician practices, risk bearing entities, and other healthcare entities. He also has extensive experience serving Private Equity backed healthcare entities.
Prior to joining VMG Health in 2005, Kickirillo has held director roles at FTI Consulting, Inc. and at KPMG’s valuation and litigation practices. He has also worked in the financial advisory services practice at Ernst & Young.
Kickirillo has provided professional services for the purposes of merger, acquisition, divestiture, management planning, restructuring, tax planning, bankruptcy, and litigation. Kickirillo has provided testimony regarding valuation and other financial issues. He has extensive experience in valuation of businesses; financial securities, including common stock, preferred stock, and derivatives; intellectual property, such as patents, trademarks, and trade names; and other specific assets.
He received a Bachelor of Business Administration from The University of Texas at Austin, and a Master of Business Administration from Southern Methodist University. He holds the Chartered Financial Analyst (CFA) designation and is a Certified Valuation Analyst (CVA).
Aaron Murski serves as a Managing Director at VMG Health and is based in the Dallas office. He has developed expertise in providing valuation opinions, transaction consulting, and market research across many verticals within healthcare services. In addition to the extensive valuation experience in support of regulatory compliance, transaction planning, and financial reporting purposes, he has consulted on numerous development, feasibility, and recapitalization analyses for joint venture, restructuring, and denovo business development purposes. Clients include for-profit and not-for-profit health systems, providers, development companies, and their advisors across the United States.
Murski is also the lead research associate and collaborator in the development and publication of the Intellimarker Multi-Specialty ASC Benchmarking Study published annually by VMG Health. The Intellimarker presents hundreds of operating and financial benchmarking statistics using data from approximately 200 ambulatory surgery centers from around the country.
Murski received a Bachelor of Business Administration in Finance from the Mays Business School at Texas A&M University and a Master of Science in Jurisprudence, Health & Hospital Law Concentration, from Seton Hall University School of Law in Newark, NJ. He is designated as a Certified Valuation Analyst (CVA).
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.
Chance Sherer is a Managing Director at VMG Health and is based in the Denver office. He specializes in providing financial, valuation, and transaction advisory services to the firm’s healthcare clients. Sherer’s clients include health systems, ambulatory surgery centers, surgical hospitals, oncology centers, diagnostic imaging centers, dialysis centers, physician groups, and numerous other ancillary healthcare service businesses. In addition to extensive valuation experience for transaction planning and financial reporting purposes, he has consulted on numerous development, feasibility, and recapitalization analyses for joint venture, restructuring, and denovo business development purposes.
Sherer is a Certified Valuation Analyst (CVA) and is currently a member of the National Association of Certified Valuation Analysts (NACVA). He is also a member of the American Bar Association (ABA) Health Law Section and is a Subject Matter Expert in the Business and Transactions Interest Group. Sherer received a Bachelor of Business Administration in Finance from the Cox School of Business at Southern Methodist University.
Colin McDermott, CFA, CPA/ABV is a Managing Director with VMG Health and is based in the Dallas office. McDermott leads a team of professionals performing fair market value studies, fairness opinions, fair value analyses used for financial reporting, financial advisory services, and management consulting. McDermott has particular valuation experience with health plans, hospitals systems, ambulatory surgery centers, pharmacies, imaging centers, laboratories, home health and hospice agencies, and physician groups.
Additionally, McDermott often serves as a trusted financial advisor to clients and provides strategic advisory services as they contemplate a transaction. In this capacity, his experience includes financial advisory on behalf of buyer or seller, preliminary due diligence and support for evaluating transaction opportunities, merger or acquisition financial integration, divestiture planning and feasibility or research studies.
McDermott frequently presents at industry conferences and publishes on healthcare and valuation specific issues. He is also a contributor to VMG Health’s blog and healthcare valuation insights. McDermott serves on the planning committee for the AICPA Healthcare Industry Conference.
Prior to joining VMG Health, McDermott was Director in the Forensic and Litigation Consulting Group of FTI Consulting, Inc. and was an associate in KPMG’s Forensic and Litigation Consulting Group. In those roles, McDermott provided valuation and advisory services to firms in various industries, including healthcare, manufacturing, energy, and telecommunications.
McDermott received a Bachelor of Business Administration in Accounting and a Master of Science in Finance from Texas A&M University. He is a licensed Certified Public Accountant (CPA) in the state of Texas and holds both the Chartered Financial Analyst (CFA) and Accredited in Business Valuation (“ABV”) designations.
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.
Edward J. McGrath is a Managing Director at VMG Health based in the Chicago office. He specializes in physician relationships/partnerships strategic planning, mergers and acquisitions, service-line planning and strategy, ambulatory care planning, physician compensation arrangements, and financial analyses. McGrath’s client base includes large healthcare systems, academic medical centers, single-and multi-specialty physician group practices, and post acute/long term care organizations. Prior to joining VMG Health, McGrath was a partner at Health Care Futures. His background also includes nearly 12 years with KPMG where he spent the last 18 months of his KPMG career as a partner in the National Health Care Strategy Practice leading the Chicago healthcare advisory practice.
McGrath has bachelor’s degrees in accounting and in business administration from Augustana College. He earned his master’s degree in health administration from St. Louis University. He has been a member of various committees and boards including multiple hospital boards. McGrath currently serves on an advisory board for a collaboration of Catholic Women Religious.
John S. Trabold III has experience in the valuation of commercial, industrial, and investment grade properties to estimate Market Value and Fair Market Value for ad valorem purposes, allocation of purchase price, financing, Stark compliance, and investment decisions. Industries served include medical, banking, hospitality, manufacturing, and financial services.
Trabold has extensive experience in the valuation of complex healthcare properties including hospitals, medical office buildings, surgery centers, imaging centers, and long-term acute care hospitals.
Trabold has served clients in 40 of the United States and Puerto Rico. Clients include Glacier Hospital, Capella Healthcare, Wise County Regional Health System, Texoma Medical Center, Reliant Hospital Partners, HCA, Saint Peter’s Healthcare System, Henry Ford Health System, Cirrus Health, Saint Joseph Healthcare, University General Hospital, MultiCare Health System, Baylor Health Care System, HMA, LifeCare Hospitals, USPI, CHRISTUS Spohn Health System, CHS, Kutak Rock, LLP, HealthSouth, Emerus, BayCare Health System, Shore Medical Center, Butler, Snow, O’Mara, Stevens & Cannada, PLLC, 21st Century Oncology, Citrus County Hospital, Jones Day and Hunton & Williams, LLP.
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).
- American Academy of Professional Coders (AAPC) – CPC, CPMA
- American College of Medical Coding Specialists (ACMCS) – PCS
- Board of Medical Specialty Coding (BMSC) – ACS-EM, ACS-MS
- ICD-10-CM Trainer
- Member, AAPC
- Member, AAPC
- Member, ACMCS
- Member, AHIMA
- Member, BMSC
- Member, HCCA
- Member, HFMA
- Member, MGMA
- Suffolk County Medical Society
- 2018 Revenue Cycle Summit: Road Map to Revenue – NYHIMA/HFMA Partnership Education Series
- Coding and Documentation Guidelines for PA Practice – NYSSPA
- Appropriate Workflow Options and Compliance for Hospital and Office Based PA Practice – NYSSPA
- Risky Business: The World of Physician Auditing – AAPC Selden Chapter
- Module 4 – Revenue Cycle Quality Assurance – Primary Care Development Corporation
- Module 3 – Corporate Compliance: Concepts for Policy and Procedure Development – Primary Care Development Corporation
- Module 2 – The Medical Billing Process – Primary Care Development Corporation
- Module 1 – Building Your Internal Billing Infrastructure – Primary Care Development Corporation
- Collections for Medical Practice: Getting All You’re Owed in a Changing Insurance Landscape – Decision Health
- Risky Business: The World of Physician Auditing – St. Joseph’s College
- Risky Business: The World of Physician Auditing – NEHIA 2017 Audit & Compliance Conference
- Health Care Fraud: Audit, Compliance, and Regulatory Guidelines – St. John’s Law School
- Compliance: How to Use (tiring) Documentation Requirements to Our Advantage – Eastern PA Healthcare Executive Network (EPAHEN) Symposium ACHE
- Understanding MACRA and Preparing for Its Impact – 45th AAGL Global Congress on Minimally Invasive Gynecologic Surgery
- Breaking the Code: A Refresher on Maximizing Billing & Reimbursement for Hysterectomy – AAGL Global Hysterectomy Summit: Expanding the Surgical Armamentarium & Optimizing Outcomes in a Value-Based Medical World
- Physician Assistant Reimbursement Workshop: Practice Billing and Reimbursement Rules – NYSSPA
- Physician Assistant Reimbursement Workshop: NonPhysician Practitioners Rules: Incident-To and Shared Visits – NYSSPA
- Physician Assistant Reimbursement Workshop – NYSSPA
- ICD-10 Coding and Documentation: What Every OB/GYN Needs to Know – GATE Institute of Holy Cross Hospital
- ICD-10 Coding and Documentation: What Every OB/GYN Needs to Know AAGL – 5th Annual Meeting on Laparoscopic, Robotic & Vaginal Hysterectomy
- Mid Level Physician Billing and Coding – East Stroudsberg Local Chapter AAPC
Ambulatory Surgery Centers
Imaging & Radiology
Risk-Bearing Organizations & Health Plans
Urgent Care & Freestanding EDs
Areas of Expertise
Fair Market Value Opinions
Financial Due Diligence
Mergers & Acquisitions
Growth Strategy & Development