IBJNews

2012 CFO OF THE YEAR: William Anthony Buckles

Sam Stall
November 28, 2012
Back to TopCommentsE-mailPrintBookmark and Share

Honoree, Private Companies (revenue $100 million or less)

Most chief financial officers report to a chief executive officer, but William A. Buckles’ chain of command is a bit more unorthodox. His employer, the Indiana Hand to Shoulder Center, treats hand and shoulder issues with a staff of 16 doctors, a central facility in Indianapolis and six satellite central Indiana offices that together treat approximately 25,000 patients annually. In 2008 the group changed its management structure, vacating the CEO position and making an elected physician managing partner.

These days Buckles works shoulder-to-shoulder with that partner, helping to oversee the practice—a change in responsibility that he’s executed seamlessly, and without increasing the size of his department staff. As lead member of the corporate operations group, which handles day-to-day corporate activity (a leadership position he assumed in the absence of a designated CEO), he is the IHTSC’s staff representative on the company’s executive committee and serves as the managing partner’s representative with all outside business contacts.

wbuckles-6-1col.jpg (IBJ photo/ Eric Learned)
 

Age: 52

Family: Wife Sharon; sons Alex, 26, and Ethan, 22

Hometown: Lafayette, Ind.

Education: bachelor's degree in accounting, Ball State University; CPA

Civic Involvement: Current chairman of the board for West Deanery Unified Catholic Schools

Hobbies: Golf, sports and family travel

 

It’s just the latest in a respectable list of achievements during Buckles’ 13 years with the group—years that, according to Indiana Hand to Shoulder Center staff, were marked by careful control of overhead that led to solid and sustained financial success. Upon his arrival in 1999, Buckles reorganized the company’s accounting practices and business office functions.

“Many medical practices have had short runs of success and then fallen upon hard times,” said group president Dr. William B. Kleinman. “The Indiana Hand to Shoulder Center has been fortunate to have Mr. Buckles help steer the group through the many challenges in health care economics.”

Buckles also worked with the Center’s owner-physicians to modify the company’s compensation arrangements and has re-structured and continues to maintain the company’s third-party reimbursement contracts for all physician services. In addition, he was instrumental in converting the Center’s 401(k) plan from a trustee-driven model to an employee self-directed plan in 2010, dropping the cost to participants by more than 75 basis points.

He also helped his employer and its patients navigate the economic downturn. Operating costs were controlled or decreased, and clients received help in coping with health care cost increases. For instance, surgery patients got estimates of their out-of-pocket expenses, then advice from the Center’s financial counselors on how to pay.

Under Buckles’ leadership, during 2012 the Center decreased operating expenses compared to 2011, while increasing the number of patients treated. However the CFO also wrestled with far more intractable issues than simply jibing accounts payable with accounts receivable.

“The biggest challenge for all health care administrators in 2012 was to understand how the new regulations from the federal government will be implemented,” he said. “Many private physician practices were integrated into hospital systems ... Strategic planning to remain an independent physician practice has been a high priority for the Indiana Hand to Shoulder Center.”

He expects more of the same in 2013. “Changes in federal health care regulations will shape our industry,” he said.•

___

Click here to return to the CFO of the Year landing page.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Yes sir keep cashing those 300K a year checks direct to IMS, while millions disappear from the teams like Rahal's. Guess there wasn't enough ka- ching going around to keep Sarah Fisher in business without their "merger". LOL._____.Meanwhile back in Realville the series with the "best racing in the world" drew what appeared to be about 5000 live spectators ( and probably 1500 of those Target "freebies", and was beaten in the ratings by a series that reportedly consists of "parades" and aired while most people are still sleeping. That will generate those big ka-chings for sure. :-). But, hey, as long as the Speedway gets the cash who gives a damn about the teams?

  2. Welcome to PETERSON LOAN AGENCY Company (A Personalized Service for All Your Financial Needs) We, Liberal Investment Company Providers offers loan at a very low interest rate of 2%, we offer Personal loans, Debt Consolidation Loan, Venture Capital, Business Loan, Educational Loan, Home Loan, and Loan for any reason and urgent needs!. with a maximum duration of 30 years. Have you been turned down by your bank? Do you have bad credit? Do you have unpaid bills? Are you in debt? Do you need to set up a business? Worry no more as we are here to offer you a low interest loan. Our loan ranges from $5,000-USD (Five Thousand US dollars) to $50, 000,000.00.(Fifty Million US dollars). We also lend in USA DOLLARS EURO and POUNDS ! Fill in this form and forward it to our email: PETERSONLOANAGENCY@GMAIL.COM 1. Your Full names:_______ 2. Contact address:_______ 3. Country Of Residence:______ 4. Loan Amount Required:________ 5. Duration:_____ 6. Gender:_____ 7. Occupation:________ 8. Monthly Income:_______ 9. Date Of Birth:________ 10.Telephone Number:________ 11. Purpose of loan:_________ Yours In Service, MR PERRY, PETERSONLOANAGENCY@GMAIL.COM

  3. If I could actually get the prices...I would do this on my own. We need laws that force provides to publish the costs they will charge. Everyone else gives you the price in advance...except hospitals.

  4. I was under the impression that fencing is not allowed on a front yard and that on a corner, both sides are considered "front" yards, therefore can't be fenced without a variance. Also impedes the visibility for drivers at the intersection. Am I understanding this correctly? Might be why a fence was not included in the plans and a request for a variance will have to be made?.

  5. I was a big fan of Cowards and Carrots, which I got a chance to see at the show. It's currently on Kickstarter, but the designer also put out What's He Building in There last year, which got a fair amount of buzz.

ADVERTISEMENT