Executive Team

 

 

 

Michael P. Colucci, MSW, MBA

President & Chief Executive Officer

 

 

 

 

 

Michael Colucci has over 30 years of management and consulting experience in healthcare administration, mergers and acquisitions, healthcare business development and operations, healthcare information systems and healthcare financing.


Mr. Colucci spent the first 20 years of his career in progressively more responsible administrative positions in both not for profit and proprietary healthcare systems in Michigan, Missouri, and Illinois where his experiences ranged from the formation, financing and development of mental health and substance abuse programs, to the acquisition of small hospitals in rural areas of Nebraska, Missouri and South Dakota. In Illinois he spent 10 years with the MacNeal Health Network where he developed and managed a highly successful physician development initiative that added over 250 primary care and specialty physicians to a suburban community health system which accounted for over 20,000 admissions over 10 years and a position as a “Top 100” hospital in the United States. Additionally, he managed operational programs in primary care, and a nationally recognized program in orthopaedics.


In 1999, Mr. Colucci founded Idilus LLC. Under his direction the company has formed, financed and developed physician practices that have included Orthopaedics, Primary Care, Cardiology, Bariatric Surgery, and Trauma Surgery as well as negotiated mergers and acquisitions of both medical and surgical sub-specialty medical practices. The firm's clients include physician practices of all sizes as well as for profit and non for profit community hospitals and university teaching programs. In addition, the Idilus HR division provides employer services for physicians and their employees in Illinois and Indiana.

 

Some of the firm’s recent consulting engagements involving Mr. Colucci further illustrate his expertise:

  • Financial and Operational Analysis - Completed the financial and operational analysis of a health system that owned a 60 physician primary care network for a mojor not-for-profit health care provider in the Chicago metropolitan area.
  • Financial Workout - Engaged by a local bank as a “workout and litigation” consultant in both pre-petition and post petition Chapter 11 and Chapter 7 proceedings involving healthcare organizations and medical practices.
  • Merger and Acquisition – Negotiated complex merger of two nephrology practices including Asset Purchase Agreement, Employment Agreements and equity purchase options for a dialysis center.
  • Formation of a major trauma surgery practice from a group of employed physicians for a level one trauma center, negotiated agreements with physicians, sellers of practice and hospital client for the ongoing delivery of trauma surgical services.

Mr. Colucci received his BA from The University of Detroit, a Master degree in Clinical Social Work from Wayne State University of Detroit and an MBA in business and Finance from Michigan State University.  Mr. Colucci provides direct consultation to financial institutions in financial restructuring arrangements and solutions for troubled healthcare operations and works extensively with both lenders and venture capital firms to provide financing for new and developing healthcare operations. He has designed physician compensation and succession plans, and has also had significant expertise in strategic physician manpower planning for hospitals


He is respected as a creative and intuitive problem solver, with strong people skills and the ability to motivate people and readily resolve conflicts. Mr. Colucci provides advice to clients in physician and hospital information technology. He has extensive experience and is regularly consulted on the identification, evaluation, selection, and installation of both server-based and ASP (SAS) based software products for hospitals and physicians. These include Revenue Cycle Management Products, Business Intelligence Software and Electronic Medical records.


Mr. Colucci maintains long-standing relationships with the largest Federally Qualified Health Plan in the United States, Access Community Health, which provides medical services in underserved areas in and around Chicago.

 

He is also an active member of the Medical Group Management Association (MGMA), The National Society of Certified Business Consultants, The American Academy of Healthcare Executives, The Healthcare Financial Management Association, The American Health Information Association, The Academy of Certified Social Workers, and The Turnaround Management Association of Chicago.


Mr. Colucci resides in Naperville, IL, with his wife, Fran. He has two daughters, Karin and Angela, both of whom actively participate at Idilus.

 

 

 

Kirk Edwards, CPA

Chief Financial Officer

 

 

 

 

Mr. Edwards has been working in the employee benefits field for over 25 years. Prior to joining Idilus, he worked for a variety of pension and welfare funds overseeing financial management and administration. As a senior executive at Zenith Administrators, a third party administrator, he oversaw all aspects of claims processing, premium applications, customer service and client management.


At Idilus, he is responsible for both the strategic and day-to-day financial management of the company and organizations it manages.


Mr. Edwards received his BA from DePauw University and MBA from Indiana University. He is a member of the Illinois CPA Society and the AICPA.


Mr. Edwards resides in Winfield, IL with his wife Karen and two daughters.

 

 

 

Ryan Sample

Vice President of Sales and Business Development

 

 

 

Ryan Sample joined the Idilus team in late 2009 to head the Sales Department. He has extensive experience working with physician groups in the Illinois and Indiana markets filling their professional liability insurance needs.

 

Ryan spent three years with Gallagher Healthcare and ten years at Classic Insurance where he worked with all of the major malpractice insurance companies in Illinois and Indiana. He helped develop and implement the discounted medical malpractice program at Christ Hospital in the late 1990's and also worked closely with the Indiana Osteopathic Association.

 

Ryan earned his Bachelor of Business Administration degree from the University of Iowa, graduating in 1989. He lives in Elkhart, Indiana with his wife and three daughters.

 

   

 

Karin Colucci

Vice President, Employer Services Division

 

 

 

Ms. Colucci has extensive experience in healthcare human resources and benefit administration. As Vice President of the Employer Services Division of Idilus, she is responsible for the largest division of the company, developing and maintaining all of the systems and processes that support the unique human resources demands of Idilus and its healthcare centric clients. Specifically, she oversees employee benefits, payroll and 401k administration, employee education and mediation as well as all office and clinical support staffing and recruiting.

 

Ms. Colucci has a BA/BS in Sociology and Anthropology from Loyola University Chicago. She earned her MBA with an emphasis in Conflict Negotiation from Jones International University. She is a member of Society for Human Resource Management, American Society for Healthcare Human Resources Administration as well as the Society for Conflict Resolution.

 

Ms. Colucci currently resides in Naperville, IL.

 

 

 

Marie Pierce

Director of Revenue Cycle Management

 

 

 

 

Marie Pierce has 20 years of healthcare experience. She has worked for several healthcare companies as the Billing Manager, coordinating activities of staff responsible for charge capture and entry, coding, insurance follow-up, and reimbursement analysis.

 

Marie has experience with multiple specialties and insurance carriers. She is a Certified Professional Coder and received her BS from DeVry University with a concentration in Health Services Management. She is currently pursuing an MBA at Keller Graduate School of Business.