Andrew Richard serves as Managing Director of Consulting Services for The Picard Group. His national network of relationships and depth of business knowledge in healthcare, energy and finance offers our clients an unparalleled degree of resources in the healthcare and business consulting division.
Prior to The Picard Group, Richard served as Vice President of Finance at Schumacher Clinical Partners, the nation’s third largest emergency physician management company that operates in 32 states and treats more than eight million patients a year. Richard oversaw all aspects of financial planning and management for the company, including creating and managing an annual budget in excess of $1.5 billion in revenue. He led corporate development, including evaluating more than 20 companies, leading to the acquisition of four, which added over $600 million of revenue and generated more than $65 million in EBITDA. He was responsible for all aspects of the acquisition from due diligence to financing to serving as interim CFO during the integration, ensuring the realization of planned synergies. He also led managed care strategy and execution, new business proforma development, and analytics for the company. Richard was a key member on the team that successfully led Schumacher through an initial round of Private Equity investment, as well as securing the credit facility for the transaction. He negotiated national payor contracts, bringing Schumacher’s more than 7,500 providers in network. As part of these agreements, he successfully negotiated settlement for prior claims in excess of $10 million.
Prior to joining Schumacher Clinical Partners, Richard served as an associate in Constellation Energy’s commodity trading office in Houston, Texas. Working in the risk management division, he oversaw reporting and risk analytics, as well as long-term structured transaction reviews. He created a reporting structure for senior management and played a significant role Constellation’s response to a FERC inquiry around the companies’ natural gas trading in the New York market, which ultimately cleared the group of any wrongdoing.
Richard graduated from McNeese State University, receiving Bachelor of Finance degree with a concentration in economics. He dedicates his time to several community organizations, including his service on the board of St. Francis School. He enjoys spending time outdoors, as well as spending time with his wife and three young children.