Chief Executive Officer

Chief Executive Officer – High Volume Physician-Owned Orthopaedic Practice | Catonsville, MD Area

Our client is a highly respected, physician-owned orthopaedic organization seeking an accomplished Chief Executive Officer (CEO) to lead the organization through its next phase of strategic growth, operational excellence, and continued clinical success.

The organization is a financially stable, well-established independent practice with a strong reputation for clinical quality, physician leadership, and patient care. The organization generates approximately $40 million in annual revenue and includes 17 physicians, 12 Nurse Practitioners and Physician Assistants, and 250+ employees.

The organization operates four clinical locations and eight physical therapy locations, with a robust in-house physical therapy platform and a diversified ancillary services model that includes after-hours care, durable medical equipment (DME), and diagnostic X-ray services. The organization also maintains strong relationships with hospitals and surgery centers throughout Central Maryland.

This is a planned leadership succession and represents an exceptional opportunity for an experienced healthcare executive to assume leadership of a healthy, profitable organization with a strong foundation and meaningful opportunity for continued growth.

The successful candidate will partner closely with the Board of Directors and physician shareholders to preserve the organization's culture of clinical excellence while strengthening its infrastructure, expanding services, improving operational performance, and positioning the organization for long-term success.

The Opportunity:

The CEO will have broad responsibility for the organization's strategic, financial, and operational performance. This is a highly visible, hands-on executive leadership role requiring a combination of strategic vision, financial sophistication, operational discipline, and the ability to build strong relationships with physicians and other key stakeholders.

The CEO will lead a seasoned administrative team, including the Director of Operations, Finance Director, HR Director, and Clinical Services Managers, while working collaboratively with physician leadership to establish priorities and execute the organization's long-term vision.

The ideal candidate will be an accomplished healthcare operator who understands the unique dynamics of physician-owned organizations and can balance growth and financial performance with physician alignment, employee engagement, and exceptional patient care.

Key Responsibilities:

Strategic Leadership

• Partner with the Board of Directors and physician shareholders to develop and execute a 3–5-year strategic plan.
• Establish organizational priorities and translate the Board's vision into measurable operational and financial objectives.
• Identify and evaluate opportunities for organic growth, service-line expansion, ancillary services, strategic partnerships, and geographic expansion.
• Monitor healthcare industry trends, reimbursement dynamics, competitive activity, and regulatory developments.
• Position the organization for sustainable growth while preserving its independence, culture, and physician-led governance model.

Financial Leadership & P&L Management

• Assume overall responsibility for the organization's financial performance.
• Partner with the Finance Director and physician leadership on budgeting, forecasting, financial reporting, and capital allocation.
• Drive revenue growth, expense management, productivity, and margin improvement.
• Oversee revenue cycle performance and identify opportunities to improve collections, reimbursement, and financial efficiency.
• Ensure physician compensation and incentive structures support organizational performance and physician alignment.
• Provide the Board with transparent, timely, and actionable financial information.

Operational Excellence

• Provide executive oversight of clinical operations, administration, human resources, information technology, billing/revenue cycle, compliance, facilities, and ancillary services.
• Establish and monitor key performance indicators across patient access, patient satisfaction, provider productivity, staffing, revenue cycle, expenses, and profitability.
• Build scalable operational infrastructure capable of supporting future growth.
• Evaluate processes, systems, and technology to improve efficiency, communication, and patient experience.
• Ensure appropriate regulatory, compliance, risk-management, and governance practices are maintained.
• Partner with operational leaders to establish accountability and consistent execution across all locations.

Physician Leadership & Governance

• Develop strong, collaborative relationships with physician shareholders and members of the medical staff.
• Serve as a trusted business partner to physician leadership while maintaining appropriate organizational accountability.
• Facilitate alignment between physician priorities and organizational financial and operational objectives.
• Support physician recruitment, onboarding, retention, and succession planning.
• Maintain and strengthen the organization's culture of clinical excellence, professionalism, collaboration, and patient service.
• Communicate effectively with physicians regarding strategy, financial performance, operational initiatives, and organizational change.

Organizational Development

• Strengthen the organization's administrative leadership infrastructure and build a high-performing leadership team.
• Develop leadership bench strength and succession plans for key administrative positions.
• Establish clear accountability, performance expectations, and management processes.
• Lead organizational change initiatives with transparency and strong stakeholder communication.
• Develop systems and processes that allow the organization to scale while maintaining its culture and quality standards.

Candidate Profile:

The ideal candidate will be a proven healthcare executive with a track record of successfully leading a physician practice, healthcare platform, or similarly complex healthcare organization.

Required Qualifications:

• 10+ years of progressive healthcare leadership experience, with significant experience in a senior executive capacity.
• Demonstrated success leading a physician group, multi-specialty practice, orthopaedic organization, ASC platform, MSO, or closely related healthcare organization.
• Previous responsibility for a significant P&L, ideally $20 million or greater.
• Strong understanding of healthcare operations, financial management, physician compensation, and revenue cycle management.
• Demonstrated ability to lead through organizational growth, change, and leadership transition.
• Proven experience working directly with physicians, boards, and/or physician shareholders.
• Strong financial acumen combined with hands-on operational leadership experience.
• Excellent communication, relationship-building, negotiation, and leadership skills.

Preferred Qualifications:

• Experience in a physician-owned, independent, or physician-governed organization.
• Prior CEO, COO, Executive Director, President, Regional President, or comparable senior operating leadership experience.
• Experience within orthopaedics, musculoskeletal care, physical therapy, ambulatory care, ASC, or related healthcare services.
• Experience managing ancillary service lines and diversified healthcare revenue streams.
• MBA, MHA, or other relevant advanced degree.
• Experience developing and implementing a multi-year strategic growth plan.

Leadership Characteristics:

The successful CEO will be:

• Physician-aligned while maintaining appropriate executive accountability.
• Collaborative and relationship-oriented, with the ability to build trust across diverse stakeholders.
• Financially sophisticated and data-driven, with a strong understanding of P&L management.
• Operationally disciplined, with a bias toward measurable results and accountability.
• Decisive and pragmatic, while understanding the importance of physician consensus in a physician-owned environment.
• Growth-oriented, with the ability to identify and execute opportunities without compromising quality or culture.
• Hands-on and accessible, willing to engage directly with physicians, employees, and operational leaders.

Compensation & Benefits:

The organization will offer a highly competitive executive compensation package commensurate with experience and qualifications, including:

• Competitive base salary
• Performance-based annual incentive opportunity tied to EBITDA, operational performance, and strategic milestones
• Comprehensive benefits package
• Long-term retention and/or incentive opportunity, negotiable based on experience