Consulting Magazine - November 2017

Finix is a healthcare supply chain transformation and consulting firm focused on identifying strategies for health systems to save money by improving their processes and finding inefficiencies. Founded in 2000, Finix’s solutions have been deployed on some of the country’s largest health systems through a variety of systems and technologies. Josh Fuhr, Managing Partner of Finix, sat down with Consulting to discuss the firm’s performance.

Consulting: What were the main factors that contributed to your firm’s exceptional growth?

Fuhr: In an era of unprecedented regulatory volatility, it is become more important than ever for hospitals and health care systems to reduce costs while maintaining and improving quality of care. Once relegated to an afterthought, supply chain has become a popular area in which to cut costs and root out inefficiencies. Fortune favors the bold, and bold, transformational changes are required if providers want to take full advantage of these cost saving opportunities.

Consulting: How is this year shaping up for your firm?

Fuhr: We have continued to see
unparalleled growth in 2017. Our
functional consultants are current-
ly assisting a top- 10 healthcare
system at their flagship hospital in
Houston. The possibility of exten-
sion exists, with over 150 hospi-
tals within the system’s network.
In addition to several traditional
hospital audits, our AP Recovery
team recently secured the firm’s
first state-government contract, al-
lowing us to review the financials
of 23 state-run agencies.

Consulting: How would you describe your firm’s outlook for 2018? Where do you see the most opportunities?

Fuhr: We are projecting our growth to continue well into 2018. This growth is due in part to a refocused marketing strategy. Our sales team and managing partners have attended more than 10 industry expos and conferences, providing us with innumerable prospects, leads and insight.

Consulting: What would you say are your firm’s biggest challenges in 2018?

Fuhr: Over the last two years, our
firm has worked on refining and
perfecting our service lines to bet-
ter meet the needs of our clients and
partners. As we continue to grow, it
becomes vital to continue this pro-
cess of refinement, especially in an
era of unparalleled pressure. With a
relevant service offering in hand, it
becomes paramount to nurture and
expand our sales and marketing
pipeline while maintaining quality
delivery to existing clients. A prop-
erly positioned service platform
and a healthy pipeline will only
prove worthwhile if we are able to
scale our operations accordingly.

Consulting: What does being named one of Consulting’s Fastest Growing Firms mean to your firm, your employees and your clients? Fuhr: Being named one of Consulting’s Fastest Growing firms will confirm the direction in which our firm is taking, putting us in the ranks of admirable companies across the country. The honor is a validation of the hard work that our consultants put into their job and the long hours they work to complete projects on time. As for our clients, this award will add further credence to our positive reputation, allowing us to secure additional and more substantial projects.