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David Skelton
PE-Backed Healthcare CFO & Consultant
Professional Background
David Skelton brings an impressive portfolio of nearly three decades of executive experience to the healthcare sector, particularly as a Chief Financial Officer (CFO) for private-equity backed companies. Since 2002, he has thrived in environments supported by billion-dollar sponsors, leading companies through financial complexities and strategic growth initiatives across various sectors of healthcare. His extensive experience encompasses revenue management, operational optimization, and growth strategies for companies generating up to $800 million in revenue. Some of the key sectors he has worked in include dialysis services, ambulatory surgery centers (ASCs), in-vitro fertilization (IVF), medication therapy management (MTM), specialty pharmacy, laboratories, behavioral health, and physician practice management (PPM).
David is adept at establishing companies from their conception to successful exit strategies, demonstrating exceptional leadership and innovation. Notably, he successfully transformed a company with multi-billion-dollar enterprise value in a fully virtual corporate environment, leveraging strategic acquisitions and partnerships to maximize value. His co-founding of a tech-enabled revenue cycle management (RCM) venture, which developed a groundbreaking machine-learning software, illustrates his commitment to integrating technology into healthcare finance, effectively identifying and collecting underpaid insurance claims.
His expertise extends to assisting various companies with special projects, interim management, performance enhancement strategies, mergers and acquisitions (M&A), due diligence, capital structuring, and exit planning and execution. His skill set is comprehensive, focusing on crucial areas such as revenue cycle optimization, financial communications, and strategy development.
Education and Achievements
A proud alumnus of Vanderbilt University, David graduated with a Bachelor’s degree in Economics, earning magna cum laude honors, and followed with an MBA from the Vanderbilt Owen Graduate School of Management, where he excelled in finance and accounting. His academic prowess is highlighted by his exceptional score in the top 2% nationally on the GMAT and the prestigious Wigginton Memorial Scholar recognition in finance. David's solid educational foundation has paved the way for his strategic insights and financial acumen, which are evident in his successful tenure in the finance sector.
Outside of his professional achievements, David has built a fulfilling family life—marrying his wife in 1992, and together they nurture a vibrant family with four children.
Notable Positions
Throughout his career, David has held pivotal roles in several esteemed organizations, amplifying his experience and influence across the healthcare finance landscape. Some of his notable positions include:
- Chief Financial Officer at Anodyne Pain & Wellness Solutions, Inc.
- Senior Director (Consultant) at Alvarez & Marsal
- CFO (Special Project) at SurgCenter Development, overseeing a vast network of 100 surgery centers across 20+ states.
- Co-Founder & Chief Financial Officer at Revenue Platforms, where he innovated in the financial technology space.
- CFO at National Renal Alliance, leading the company from inception to exceeding $100 million in revenues and completing a successful nine-figure exit without traditional investment banking support—saving millions in fees.
- Principal at Harpeth Capital, LLC, engaging in healthcare investment banking and commercial finance.
Skills and Expertise
David Skelton is an expert in performance improvement and possesses an in-depth understanding of financial operations, corporate finance, and M&A. His comprehensive set of skills encompasses several critical areas, including:
- Performance improvement
- Financial operations management
- Corporate finance and M&A strategy
- Revenue cycle intelligence and optimization
- Financial modeling and forecasting
- Strategic growth and planning processes
- Equity and debt procurement strategies
- Physician joint ventures establishment
- Business intelligence analytics
- Acquisition due diligence and integration processes
- Effective financial communications
By leveraging these skills, David has built a reputation as a leader in the healthcare finance domain, known for driving value and maintaining operational excellence in dynamic business environments. His strategic foresight and extensive network have enabled him to contribute significantly to the healthcare industry while ensuring sustainable financial health for the organizations he serves.