Hello from Chicago! This
summer, I had the opportunity to intern for 10 weeks as a Summer Associate at
Deloitte. I was assigned to the Chicago office and moved to the city for the
summer, luckily, I found an apartment just a 10–15-minute walk to office so it
has given me the chance to not only explore the city but meet new friends! The
summer has been filled with multiple networking opportunities, professional
growth, and the chance to work on an impactful project that aligns to my career
goals.
For the summer, I was staffed
on a non-public joint venture between an academic medical center (AMC) and a
community hospital. The AMC has reached a point where they are at a capacity
constraint and require relief for their inpatients and an additional care
destination for their patient pool. On the other hand, the community hospital
is looking to utilize their excess capacity across various service lines and
grow. Together this will not only benefit both entities but promote accessible
affordable care to the community in a timely matter. As our client, Deloitte
has stepped into this project to manage the joint venture while facilitating
conversation between not only one, but both clients. Multiple teams from
Deloitte are working with the client, however I was placed on a team that
focused on the operational side of the joint venture. There is a total of six
workstreams: Due Diligence, Valuation, Financial Modeling, Operational
Planning, Clinical Operating Model & Governance, and Definitive Agreement &
Closing Documents. I have had the opportunity to work in the Operational
Planning and Clinical Operating Model & Governance workstreams.
On a joint venture project, we
typically meet with the client 2 – 4 times a week. This requires decks or
PowerPoint presentations to be presented to the client with project updates,
operational status, due diligence requirements, and next steps to consider. I
worked closely with my team to prepare client presentations, operational
planning, and conducted internal research to prepare for milestones related to
the project. My role in the project was to bring in a clinical point of view to
the team, this includes considering the patient, clinical staff, CMS
requirements (Medicare and Medicaid), federal and state policies and
procedures, laws (HIPPA), technology, and health information system
considerations (e.g., electronic health records: EPIC).
The project allowed me to
experience not only the clinical and health side of the healthcare industry,
but the business side as well. I have gained such an insight when it comes to
the back end of a hospital especially in the merger and acquisition (M&A)
space. My team is located out of different office across the United States, we
had the opportunity to co-locate to Atlanta, GA early July and attended the
Mets vs Braves baseball game (my first ever baseball game!). Additionally,
while I write this blog, I am currently on the plane to go to a Summer
Associate intern conference in Scottsdale, Arizona! All in all, my summer
internship has been such an amazing experience and I cannot wait to be back in
Iowa to see everyone!
Go Hawks!
*A Note From
The Editor*
If you would
like to keep up with AJ, you can find her here on LinkedIn!
For the summer, I was staffed
on a non-public joint venture between an academic medical center (AMC) and a
community hospital. The AMC has reached a point where they are at a capacity
constraint and require relief for their inpatients and an additional care
destination for their patient pool. On the other hand, the community hospital
is looking to utilize their excess capacity across various service lines and
grow. Together this will not only benefit both entities but promote accessible
affordable care to the community in a timely matter. As our client, Deloitte
has stepped into this project to manage the joint venture while facilitating
conversation between not only one, but both clients. Multiple teams from
Deloitte are working with the client, however I was placed on a team that
focused on the operational side of the joint venture. There is a total of six
workstreams: Due Diligence, Valuation, Financial Modeling, Operational
Planning, Clinical Operating Model & Governance, and Definitive Agreement &
Closing Documents. I have had the opportunity to work in the Operational
Planning and Clinical Operating Model & Governance workstreams.
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