Jim Morell - Finance Program

These are outside affiliates of Wiederhold & Associates who offer fee-for-service assistance that may be of interest to healthcare professionals.

Jim Morell is an acknowledged industry leader with over thirty-five years' experience as a consultant, administrator and patient care provider. His knowledge, integrity, and objectivity are reassuring for organizations seeking to develop and implement winning strategies, improve operational performance, and plan for the most appropriate healthcare facilities and sites.

JCM Advisors, LLC (JCMA) and its predecessor firm Morell & Associates (MA)

JCMA is the preferred source for healthcare providers seeking a strategic advantage in today's unsettling environment. Jim integrates years of experience in strategy formation, operations improvement, facilities development, and financial feasibility to effectively formulate viable solutions for the toughest management challenges facing today's healthcare organizations. This experience is also helpful to vendors to the healthcare industry as well as the courts in the areas of bankruptcy and medical malpractice. Jim also applies these years of experience in his coaching of boards and management teams.

Ernst & Young, Chicago, Illinois

Jim was an up through the ranks Partner in the Healthcare Management Consulting Practice. Early in his career he worked in the finance practice performing financial feasibility studies primarily for hospital bond offerings. He eventually assumed responsibility for the review and sign-off on all of the demand note sections of each financial feasibility study issued by the firm. During this period of default risk every organization successfully met their debt obligations, much to Jim's and the firm's relief. Following these assignments Jim assisted healthcare provider and vendor organizations in the development of their business strategies for a number of years. With this background Jim shifted his focus to the development and leadership of the firm's operationally focused facility development practice. This consultancy looked at the site and facility needs of healthcare providers through the perspective of strategy formation, operations improvement, and financial performance. Throughout Jim's tenure at E&Y he worked with both audit and non-audit client organizations ranging from academic medical centers to small rural hospitals, stand-alone hospitals to healthcare systems, faculty practice plans to small physician group practices, and for-profit as well as tax exempt providers located throughout the country.

In addition to his own consultancies and his tenure in public accounting, Jim has also provided management consulting services with two boutique healthcare firms.

Signature Leadership Qualifications

Jim serves as an Adjunct Faculty member at DePaul University, Chicago. He teaches the capstone Strategic Analysis course for both MBA and undergrad business majors at the Driehaus College of Business. As the capstone name implies, this is the final class for each student before graduation at both the MBA and undergrad levels. The curriculum is designed to bring the real world into the classroom with a curriculum that includes the following activities.

  • Classroom presentations and discussion focused on the text, the research project, the simulation, and career development
  • Text study and related quizzes
  • Research project designed to prepare the students for interviews through a comparative study of targeted firms of their choosing in the same industry. The analytics address each company's strategy, operations, management reports, and financial statements looking for alignment or dissonance. Depending on the size of the class, students are required to make one or more presentations relative to their research.
  • Capsim computer simulation team competition. The students form teams to operate a high tech company. Each team competes against other teams in the class as well as against an equal number of computer operated teams. This exercise is designed to have the students work together to apply what they have learned in class, through their respective research projects, and the body of knowledge and experience they have developed to date in their careers. Each team makes a presentation discussing their performance at the end of the competition.

Jim is a former federal auditor having served as an Inspector General - Audit for the U.S. Army. During is active military service Jim conducted financial audits of hundreds of military units through the Office of the Inspector General, 2d Armored Division.

Jim is a frequent speaker at the ACHE's Annual Congress on Administration, the AAHC's Fall Conference as well as various national, state and local professional associations. Jim has published articles on a variety of healthcare management issues.

Prior to making the commitment to management consulting Jim served as an administrative resident and administrator at The Ohio State University Hospital & Clinics, now The Ohio State University Medical Center. Jim also worked as a certified nursing assistance at the University of Minnesota Hospital & Clinics, now the University of Minnesota Medical Center.

Education and Certifications

Jim holds a Bachelor of Arts in Economics and Psychology (with a focus in Organization Design) from Case Western Reserve University, Cleveland, Ohio and a Master of Science in Hospital and Health Services Administration from The Ohio State University, Columbus.

He is a Fellow of both the American College of Healthcare Executives (ACHE or the College) and the American Association of Healthcare Consultants (AAHC or the Association). He is a Past Chair of the Association's Board and has chaired many of the Association's committees. He is also a Past Chair of the College's Consulting Special Interest Area, now the ACHE's Healthcare Consultants Forum.

The program Jim has prepared for those individuals needing additional assistance in the development of their financial acumen is multi-disciplinary and based in part upon results of the 2012 WA Financial Acumen Survey, his experience across a broad range of healthcare organizations, and his work at DePaul University. Elements of the Financial Acumen program include an assessment process, a customized skills development plan, associated learning modules, as well as individual coaching and consultation.

This program is designed to be customized to best meet the needs and goals of the individual executive. The goals of the program are to (1) assist each executive in their preparation for their upcoming interviews and (2) provide the financial acumen tools necessary to more effectively lead their new organization through these turbulent times.