Mr. Bleacher holds enterprise responsibility for all financial operations across St. Christopher’s Hospital for Children in North Philadelphia, including the hospital, medical physician practice, foundation and retail pharmacy. Through rigorous financial management, he reversed negative cash flow and reduced annual operating losses by more than $75 million within one year, while restructuring physician compensation, optimizing workforce resources and implementing targeted cost controls. Mr. Bleacher established the organization’s financial infrastructure, including enterprise budgeting, rolling forecasts and a five-year financial projection model, and oversaw external audits, IRS Form 990 filings and reporting to the board of directors. He expanded the funding base by helping secure participation in the Philadelphia Hospital Assessment Program, bringing millions of dollars to offset the cost of caring for the hospital’s large Medicaid population. He also launched a children’s philanthropic foundation that generated $15 million in its first year, secured federal assessment and Federal Medical Assistance Percentage matching funds, and implemented a 340B pharmacy program. In addition, he helped form a coalition among Philadelphia-based organizations, including Children’s Hospital of Philadelphia, Philadelphia College of Osteopathic Medicine, Jefferson Health, Independence Blue Cross and Temple Health that committed more than $85 million over four years to sustain the hospital’s operations. Earlier, Mr. Bleacher served nearly four years as senior vice president of financial operations at Camden, N.J.-based Cooper University Health Care and spent more than two decades at the Children’s Hospital of Philadelphia, including as vice president of revenue cycle and reimbursement strategy.
