- Managing Director
- T: +1 312 533 6700
- F: +1 312 759 8119
- 227 West Monroe Street
- Suite 900
- Chicago, IL, 60606
- United States
- T: +1 312 759 8100
- F: +1 312 759 8119
- MHA, Health Administration, Washington University School of Medicine
- BS, Biology Pre-Medicine, University of Illinois Urbana-Champaign
- Corporate Finance
- Strategy Consulting & Research
- Healthcare & Life Sciences
Stephen Straka is a Managing Director at FTI Consulting and is based in Chicago, IL. He is in the Health Solutions practice. His more than 25 years of experience in healthcare includes 8 years in senior level administration at an urban academic medical center and over 17 years in consulting. He has expertise in clinical and non-clinical healthcare operations in both the inpatient and outpatient settings. His particular strengths include strategy development, strategic facility and activation planning, clinical integration/consolidation and operations improvement. He has significant experience with managing complex projects, leading teams and facilitation at all levels of an organization.
Mr. Straka has led strategic planning projects at both the enterprise level as well as for select individual service lines, including clinical programming rationalization efforts. He is adept at conducting market and demand analyses, volume forecasting, competitor analyses and identification of resource requirements. He has also managed, or assisted with, the due diligence process for facility acquisitions and mergers for academic medical centers and faith-based health systems. His primary focus has been on programmatic growth projections, physical capacity assessments and identification of opportunities for clinical program and non-clinical support function integration.
He has assisted in several master facility planning projects, primarily for academic medical centers and large community-based integrated delivery networks. His involvement has included analyzing demographic trends, utilization patterns, productivity and capacity modeling as well as assisting with strategic site evaluations and the creation of conceptual facility alternatives in consideration of the ideal patient and staff experience. He has led organizational programming engagements for inpatient and outpatient facilities, including clinics, diagnostic and treatment centers and medical office buildings. He has been involved in developing assumptions for future state operational requirements, and creating alternative models to support the future state vision.
Mr. Straka has managed a number of facility activation projects for large academic medical centers and community hospitals. The projects have ranged in size and scope from new departmental space to full replacement hospitals. He has led the creation of structural project elements, critical pathways, detailed work plans, transition and occupancy planning tools and transition budgets. He has provided objective guidance and assistance with overall project management to mitigate risk and heighten predictability and safety for the activation of these new facilities. In addition, Mr. Straka has facilitated work groups and steering committees, and integrated the work efforts of various subcontractors and their outputs.
Mr. Straka holds his M.H.A. from Washington University School of Medicine and his B.S. in Biology Pre-Medicine from the University of Illinois Urbana-Champaign.