As Co-Founder and Senior Managing Director at ToneyKorf Partners, Mark Toney leverages an extensive career in crisis management and operational reorganizations to corporate clients across the healthcare sector and beyond. Under the auspices of this position, he has served as CEO and President of Milford Health and Medical as well as Brookdale University Hospital & Medical Center.
Before founding his namesake company in 2012, he worked as national managing partner in corporate recovery and restructuring services for Grant Thornton and was a managing director at AlixPartners for eight years. Toney earned a bachelor’s degree in accounting and finance from West Virginia University.
Areas of expertise
Successful execution of complex projects, Operational improvements and organizational assessments and realignments, Negotiation.
Group Overview
Healthcare Industry Sector Experience
ToneyKorf Partners’ senior professionals, whether serving in advisory or management capacities, have held CEO, CFO, COO, and CRO positions at stand-alone and system-level hospitals in highly competitive healthcare markets
HOSPITAL SYSTEMS
ToneyKorf Partners’ senior professionals, whether serving in advisory or management capacities, have held CEO, CFO, COO, and CRO positions at stand-alone and system-level hospitals in highly competitive healthcare markets
ACADEMIC MEDICAL CENTERS
The evolving healthcare market requires advisors and management consultants with deep and proven expertise to drive value and execute strategic options
NURSING HOMES
ToneyKorf’s team has decades of experience in a multitude of stressed or distressed post-acute, skilled nursing and rehabilitation centers, where detailed analyses of every aspect of an organization’s finance, operations and clinical performance is paramount to developing an objective view of the current state, as well as identifying the best strategic pathway forward.
ADDICTION AND REHABILITATION CENTERS
ToneyKorf’s recent experience during a time of significant change for the Addiction and Rehab sector includes management and advisory services to JourneyPure, Inc.
PHYSICIAN PRACTICE MANAGEMENT
ToneyKorf’s professionals have worked with clients to create faculty practice plans and can help design an effective and actionable physician compensation model
PAYERS
ToneyKorf has experience in managing and administering managed care plans to improve quality and increase revenues. Read more about our experience on USFHP
CONTINUING CARE RETIREMENT COMMUNITIES
ToneyKorf can help CCRCs facing financial distress find workable solutions and optimize performance.
Firm Overview
ToneyKorf Partners work with you to find solutions and achieve results
ToneyKorf is a results-driven management and advisory firm founded in 2012 that specializes in helping healthcare organizations address complex situations. ToneyKorf Partners lead and advise organizations that are experiencing strategic, operational, or financial challenges.
ToneyKorf Partners commit to help create strategies, plans, and implementations that revitalize their clients, and they are passionate about helping them achieve their goals.
ToneyKorf Partners’ professionals focus on transforming organizations by increasing revenue, reducing costs, and incorporating key constituents into the processes.
ToneyKorf Partners, LLC is a leading business advisory firm of experience-based professionals who specialize in creating value and restoring performance at every stage of the business life-cycle.
ToneyKorf was founded in 2012 by industry veterans Mark E. Toney and Steven R. Korf to serve a market need for experienced and credible advisors and managers for underperforming companies. For over 30 years, their professionals have participated in some of the largest and most complicated workout, restructuring and interim management engagements across a variety of industries, specializing in creating value and restoring performance at every stage of the business life-cycle. ToneyKorf Partners’ professionals use their experience to make a difference in high-impact situations and deliver actionable solutions in an efficient and cost-effective manner.
Based in New York, ToneyKorf serves clients nationally and in several industries, with deep experience in the healthcare industry and healthcare related organizations. ToneyKorf Partners provides an independent and objective view to issues affecting clients with no attachment to historical views or preferences. ToneyKorf project leaders are experienced at quickly assessing issues and identifying solutions, and serve clients in management and advisory roles, typically reporting to the Board of Directors or Trustees.
The foundation of their firm is the belief that long-term relationships are built by directness, solutions, and results.
