CFO advisory for healthcare · Boston

Real economics under your strategic plan — and your biggest spend.

I work with health-system and physician-group leaders who need to justify where the money goes and know whether it's actually working. I've sat in the chair — most recently CFO for a $10 billion national provider business. Now I come in as a senior operator for focused sprints, not as a consulting team.

Assad Siddiqi
Assad Siddiqi · Founder

P&L led

$10B

Fresenius Kidney Care — the U.S. dialysis business of Fresenius Medical Care

Cost takeout delivered

$80M+

Cost and margin work across a hospital and physician enterprise — the full case is below

Years in healthcare finance

15

Academic medical centers, physician organizations, multi-site services

Where the chair was

Fresenius Medical Care

SVP of Finance, Fresenius Kidney Care

Chief financial partner for the $10B U.S. business; 150-person finance organization.

Tufts Medicine

System SVP of Finance

CFO accountability for Tufts Medical Center and the physician enterprise.

Mass General Hospital

A decade of finance leadership

Including Director of Finance for the MGH Cancer Center.

Eighteen months into the strategic plan, the board asks what's actually working — and everyone tap-dances.

— The moment most engagements begin

Or one spend category — diagnostics, pharmacy, external services — is clearly out of control, and the only options on the table are blunt cuts and political landmines. These are problems that need senior finance attention, not another consulting deck. That's the work I take.

How I help

Two ways most engagements start

Every engagement is scoped to answer one to three concrete questions with real economics — using your existing data, delivered by me, sitting with your leadership until the decision is made.

Strategic plan economics & tracking

Scoped sprint · 4–12 weeks

When you'd call. You have a board-approved plan and a lot of activity, but no clean way to show which initiatives are working, what's hitting the P&L and cash, and what to stop, fix, or double down on.

  • Translate the plan into a short list of economic questions — what each initiative is supposed to move on revenue, margin, and cash, and by when
  • Build a simple economics view of the major initiatives from your existing data
  • Leave behind a board-ready view and tracking cadence, so "are these bets paying off?" has an answer in dollars

Big spend bucket optimization

Scoped sprint · 4–8 weeks

When you'd call. Spend in one category has grown faster than volume for three straight years, nobody can fully explain why, and the only fixes on the table are ones leadership doesn't trust.

  • Map the spend with finance and operations: where it goes, how it's used, where leakage lives
  • Build a targeted recapture model — what's safely reducible, which levers, expected P&L and cash impact
  • Design a low-drama implementation path — pilots and phased changes that don't blow up care or morale

Also in scope

  • Physician comp & funds flow. A clean economic view of who's subsidizing whom, and scenario options that align incentives with strategy.
  • New-initiative business cases. Board-ready economics and simple scorecards for new service lines, digital, and growth bets.
  • Interim senior finance leadership. Steadying the function through CFO transitions while solving one or two high-leverage problems.

How engagements run

Small first step, tightly scoped from there

01

Working session 45 min

We pick one live issue — a plan, a spend bucket, an initiative — and I'll tell you plainly whether I can meaningfully help. If I can't, I'll say so and point you somewhere better.

02

Scoped sprint 4–12 weeks

A tightly bounded engagement built around the questions we scoped — never more than three — with clear deliverables and a defined split between what your team does and what I do.

03

Optional light support

If you want help implementing or tracking after the sprint, I stay on in a limited way. If not, you run it with your own team — the deliverables are built for that.

How I work: all work delivered by the principal — no leveraged team, no offshored analysis. Recommendations come as options with trade-offs, not mandates. Discretion is the default; engagements run under NDA.

Start with a working session

Results

Selected engagements

Representative work from the roles above and early advisory engagements, anonymized. Specifics are shared under NDA.

$80M+

Cost reduction & margin improvement · Academic health system

Funds flow & margin restructure

Problem. A multi-entity system needed to align economics across its hospital and physician enterprise while improving margin under pressure.

Result. Redesigned the system funds-flow model and deployed performance management across the system — alongside a board-ratified five-year financial plan.

→ 50th

Productivity raised to national median · Academic medical center

Physician compensation redesign

Problem. A large academic physician organization's comp plan had drifted from strategy, with productivity lagging national benchmarks.

Result. Full redesign aligning pay to productivity and market — shepherded through a 20-member physician committee to full-faculty approval.

1,000s

Sites with unit-level profitability visibility · Multi-site services

Performance frameworks at scale

Problem. A national multi-site organization lacked consistent visibility into cost, labor, and unit-level profitability across its network.

Result. Standardized performance management across thousands of company-owned and joint-venture sites, with modernized reporting and forecasting.

Engagement references available on request.

Fit

Who this is for

A good fit

  • Health systems and academic medical centers that need real economics under a plan, a spend category, or an integration
  • Physician organizations working through compensation, funds flow, or performance management
  • PE-backed and multi-site healthcare services platforms needing senior CFO attention without a full-time hire
  • Boards and CEOs navigating a CFO transition who need the function steadied and one or two hard problems solved

Not a good fit

  • Forensic investigation of named individuals — better handled by counsel and investigators
  • Organizations under active regulatory enforcement
  • Early-stage companies needing first-time finance setup
  • Non-healthcare engagements without an introduction

Background

Assad Siddiqi

Healthcare CFO. Fifteen years of finance leadership across academic medical centers, large physician organizations, and national healthcare services.

Most recently SVP of Finance at Fresenius Medical Care, serving as chief financial partner for Fresenius Kidney Care — its $10 billion U.S. kidney care and dialysis business — with a 150-person finance organization. Before that, System SVP of Finance at Tufts Medicine, with CFO accountability for both Tufts Medical Center and the Professional Group. Earlier, a decade of progressive finance leadership at Massachusetts General Hospital, including Director of Finance for the MGH Cancer Center.

Across those roles the work has centered on strategic plan economics, cost and margin discipline, physician compensation and funds flow, and performance management at scale. Siddiqi Advisory exists to bring that work to organizations on a focused, scoped basis — the part of the CFO job that puts decision-ready economics in front of leadership, without the full-time hire.

MBA, Boston University Questrom School of Business.

Focus areas · Academic medical centers · Physician organizations · Kidney care & dialysis · Ambulatory & multi-site services · PE-backed healthcare services

Contact

Bring one live issue.

I take on a small number of engagements at a time. Most start with a 45-minute working session — no pitch, no deck. We work the issue, and I'll tell you whether I can meaningfully help.

Book a working session

Picks a time directly on my calendar — 45 minutes, one live issue.

Location
Boston, MA

Or write a note

Thank you. I'll be in touch within a day or two.