Healthcare Treasurers' Roundtable

March 18-19, 2021
The Healthcare Treasurers’ Roundtable is going virtual. Thursday will be a half-day of sessions and networking for treasurers and sponsors. Friday will be a closed-door virtual roundtable for all treasurers able to attend. The schedule below is in Central Standard Time. For questions, please email htr@coteriespark.com.
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Speakers

Sponsors

Schedule

  • 23 October
  • 18 March

Mark Amiri

Associate Vice Chancellor for Finance and Treasurer
Washington University in St. Louis
Mr. Amiri was appointed to the position of Associate Vice Chancellor for Finance and Treasurer for Washington University in St. Louis on August 1, 2016 after holding the position of Vice President and Chief Investment Officer for Baylor Scott & White Health System. Previously, he was Vice President and Treasurer at Baylor Health Care System beginning in May 2008. Prior to joining Baylor Health Care System, he was the Treasurer for Ascension Health, St. Louis, Missouri. He was a senior auditor for Arthur Andersen & Co. in 1978 and then joined Daughters of Charity National Health system in 1980, the predecessor corporation to Ascension Health. He obtained both his BSBA and MBA degrees from the University of Missouri-St. Louis and is also a Certified Public Accountant.

23 October

Ben Bartelt

Vice President Marketable Investments
Advocate Aurora Health
Ben Bartelt is Vice President, Marketable Investments, at Advocate Aurora Health where he is responsible for public equities, fixed income, and marketable real assets. Ben also provides leadership across the organization’s defined benefit plans, defined contribution plans, and insurance programs. Prior to joining Advocate in 2017, Ben served in a similar role for five years at Catholic Health Initiatives. Prior to that, Ben held positions at DiMeo Schneider & Associates and Harris Associates in Chicago. Ben holds a B.S. in Finance from Indiana University Kelley School of Business, is a CFA charterholder, and holds the Chartered Alternative Investment Analyst (CAIA®) designation.

18 March

Ann Carr

Treasurer
Hospital Sisters Health System
As the System’s Treasurer, Ann Carr’s responsibilities cover the investment and performance measurement of all funds for HSHS and its subsidiaries, as well as the issuance and administration of long-term debt. She coordinates the centralized cash management for HSHS and its entities and conducts reviews and consulting studies relating to collections, disbursement, cash concentration and other payments systems.

Ms. Carr joined HSHS in 1988 as Cash Manager. Prior to joining HSHS, she served as Controller, Director of Remittance Processing and Director of Operations for First National Bank in Decatur, Illinois. She is a magna cum laude graduate of Millikin University in Decatur, Illinois with a Bachelor of Science degree in Business Administration. She holds a Master of Business Administration degree from the University of Illinois in Champaign-Urbana.

18 March

Jennifer Daugherty

Managing Director
Ponder & Co.
Ms. Daugherty joined Ponder in 2008 and currently serves as a managing director in the Capital Advisory Group. She has more than 30 years of experience in providing investment banking and financial advisory services to hospital systems, academic medical centers, public hospitals and HMOs.

Ms. Daugherty has completed transactions totaling $30+ billion for healthcare providers, including tax-exempt and taxable debt issues, derivatives transactions and credit facilities. She has assisted clients with acquisitions, divestitures and joint venture opportunities.

Prior to joining Ponder, Ms. Daugherty had a 22-year career in healthcare investment banking, principally as a managing director at UBS. As a financial advisor and as an investment banker, she maintains long-standing relationships with her clients through an emphasis on consistent, unbiased advice and advocacy in the capital markets.

Ms. Daugherty holds an M.B.A. with a concentration in finance from New York University and a A.B. in economics from Princeton University with Cum Laude distinction. She is a registered Municipal Advisor (Series 50).

18 March

TH

Teri Hartman

Managing Director
RBC Capital Markets
Teri has over 30 years of investment banking experience providing a full range of underwriting, credit and strategic advisory services to large, not-for-profit single state and multi-state health systems, academic medical centers and children’s hospitals across the country.

18 March

Tom Porcelli

RBC Capital Markets
Tom Porcelli is Managing Director and Chief U.S. Economist at RBC Capital Markets where he has worked for just over 10 years. He focuses on piecing together the US economic backdrop as part of the global economic effort. He works closely with the various functional units within RBC Capital Markets. Tom travels globally to meet with RBC clients to share his insights on the US economy and markets.

Prior to joining RBC he worked as an economist at Merrill Lynch where he was a member of the team responsible for economic forecasting and Fed watching.

He began his career at the Federal Reserve Bank of New York working on the Open Market Desk. In this capacity, Tom was closely involved with the execution of monetary policy. In addition, he was responsible for disseminating pertinent economic and market analysis to policy makers in an effort to provide them with critical information used in the policy making process.

He appears regularly on CNBC and Bloomberg and is quoted widely in the global press. Tom holds a Masters degree from Columbia University.

18 March

Jerry Judd

Senior Vice President and Treasurer
Bon Secours Mercy Health
Jerome Judd is the Senior Vice President, Treasury for Bon Secours Mercy Health, Inc., one the nation’s largest health care systems with $10 billion in net operating revenue and 51 hospitals in seven states and Ireland. Mr. Judd’s primary responsibilities include overall management of investment, debt and cash management programs. Mr. Judd oversees the investment programs with over $10.0 billion of assets under management, including operating, foundation, insurance and pension funds, and external debt of $4.6 billion. Prior to the formation of Bon Secours Mercy Health on September 1, 2018, Mr. Judd was the SVP & Treasurer for Mercy Health. Before joining Mercy Health in 2003, Mr. Judd was the Vice President, Treasury Services for Catholic Health Initiatives, Denver, Colorado and Sisters of Charity Health Care Systems, Cincinnati, Ohio. Mr. Judd started his career as an auditor with Arthur Andersen & Co. Mr. Judd received his B.A. in Accounting from the University of Notre Dame and M.B.A. from Xavier University. He was selected as one of Modern Healthcare’s “Up & Comers” in 1997. He is a Certified Public Accountant and Chartered Financial Analyst. Mr. Judd serves on the Boards of LifeCenter Organ Donor Network and Ursuline Academy Foundation and the Investment Committees of SCL Health, Franciscan Friars and Summa Health.

18 March

Leslie Lenzo

SVP, Investments
Advocate Aurora Health
Leslie K. Lenzo, CFA is SVP, Investments at Advocate Aurora Health in Illinois and Wisconsin. In her role at Advocate Aurora, Ms. Lenzo oversees the investment of $11 billion in corporate and pension assets. She also oversees the investment options available in the organization’s $6 billion defined contribution plans. Prior to Advocate Aurora Ms. Lenzo was a senior member of the investment team at Northwestern Memorial Healthcare in Chicago. Ms. Lenzo started her career with the investment program at Partners Health Care in Boston and she then took a brief detour to the sell side in equity research covering Healthcare Services at SG Cowen. Ms. Lenzo holds a BA in Economics and Government from Georgetown University and a MBA in Finance from Boston University. She is also a CFA charter holder. Ms. Lenzo resides in Illinois with her husband, four young sons, and their Boston Terrier.

18 March

Jacque Millard

VP & Chief Investment Officer
Intermountain Healthcare
Jacque Millard is Vice President and Chief Investment Officer for Intermountain Healthcare.Ms. Millard received her B.S. in Finance from Weber State University and her MBA from Westminster College.She earned her Certified Cash Manager certification in 1994 and the Chartered Financial Analyst designation in 1999.

Ms. Millard joined Intermountain in 1993 and is currently responsible for investment portfolio management, oversight of external investment managers, all employee savings and pension investments as well as cash management for all Intermountain entities.Ms. Millard has served on a variety of boards, including; Dignity Investment Committee, Westminster College Endowment Committee, Virginia Piper Foundation, FJM Mgmt. Investment Committee, Healthcare Credit Union Board, and US Bank and Key Bank Advisory Committees.

18 March

David Smith

Managing Director
Marquette Associates
David H. Smith is a managing director for Marquette Associates and serves on the firm’s executive committee. An owner of the firm, Dave has been with the company since 2009 and has 23 years of investment experience. He serves as the lead investment consultant on key client relationships.

Prior to joining Marquette, Dave was a vice president of investor relations at Northern Trust Asset Management where he was responsible for servicing large institutional investors. He began his career at the Chicago Mercantile Exchange with a Eurodollar derivatives trading firm.

Dave holds a B.S. in business administration from the University of Richmond, an M.B.A. in finance from the University of Chicago’s Booth School of Business.

Dave is a CFA charterholder and serves on the board of directors of the CFA Society of Chicago. He is co-chair of the Investment Management Alumni Roundtable at the University of Chicago’s Booth School of Business and is a member of the Economic Club of Chicago.

18 March

Marquette Associates

An independent investment consulting firm, Marquette Associates guides institutional investment programs with a focused client service approach and careful research grounded in real-world experience. We specialize in healthcare consulting by offering clients in-depth analysis on issues that are pertinent to them. We currently advise on over $222 billion in client assets, of which $28 billion* are in healthcare assets, and our efforts result in the formulation of customized strategies for each healthcare organization based on their individual risks and goals. We’ve served clients with a single mission for over 30 years — enable institutions to become more effective investment stewards.

*As of September 30, 2019

Ponder & Co.

Ponder & Co. is a healthcare finance and strategic advisory firm focused exclusively on providing leading capital advisory, mergers & acquisitions, strategic advisory and management consulting services to not-for-profit hospitals and healthcare systems.With 45 years of healthcare advisory experience, we have perfected the art of objective advice and the science behind skilled transaction to bring seamless healthcare financial, strategy, and organizational transformation services to a wide range of provider organizations, from standalone community hospitals and specialty & children’s hospitals, to academic medical centers, regional health systems, and some of the largest multi-state health systems in the country.

RBC Capital Markets

RBC Capital Markets is a full service global investment bank with domestic operations headquartered in New York. We provide services to the Not For Profit Healthcare space in three primary areas. 1) Debt Capital Markets 2) Credit Lending 3) Strategic Advisory. Our team is comprised of 15 investment banking professionals solely dedicated to the Not For Profit Healthcare sector.

Treasurers' Roundtable

10:00 AM 12:00 PM https://us02web.zoom.us/j/85398114545

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Speakers

Pre-Function

09:45 AM 10:00 AM

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The Election and the Economy

10:00 AM 10:30 AM

Discussion of the elections and potential impact on the economy, the markets and key policy initiatives including healthcare.

Speakers

Pension De-Risking Strategy

10:30 AM 11:00 AM

Two large healthcare systems will share their pension de-risking strategies, including plan terminations, lump sum windows, retiree buyouts and plan lift-outs. The discussion will focus on goals of these strategies, the timing of initiating in the low rate environment of 2020 and the impact on the pension investment portfolios.

Speakers

Networking

11:00 AM 11:30 AM https://us02web.zoom.us/j/83478902150

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Interest Rate Environment & Asset Allocation Trends

11:30 AM 12:00 PM

Health systems are now facing the choice between accepting lower expected returns in exchange for balance sheet stability or taking on greater portfolio volatility in exchange for higher potential returns to offset operational challenges. This session will address the trade-offs inherent in the decision to adjust asset allocation.

Speakers

Capital Structure Trends During the Pandemic

12:00 PM 12:30 PM

In this session, we delve into capital market themes and trends of 2020, including tax-exempt and taxable fixed rates amidst COVID, and the actions and tools utilized by health systems across the nation to preserve liquidity and normalize operations. Additionally, we explore key near-term strategies of NFP health systems for de-levering bank debt, prioritizing strategic investments and capital spending, and managing their credit profile.

Speakers

Networking

12:30 PM 01:00 PM https://us02web.zoom.us/j/82319750722

Click here to join our Zoom Networking Room.