Arthur Schwacke, Executive Vice President and Chief Financial Officer, is responsible for the overall financial operations of QMMS USA. Mr. Schwacke worked for ENT and Allergy Associates, LLP for over 21 years as Chief Financial Officer. During his tenure, ENTA grew into one of the largest and most well-respected group medical practices in the United States, comprised of 220 physicians practicing in 46 state-of-the-art clinical locations throughout New York and New Jersey. Due to Mr. Schwacke’s efforts, ENTA was able to secure over $45 million in bank financing to fund group expansion. During this period, the group transitioned to a self-insured health plan, introduced an electronic health record and web portal management system, added a centralized call center, implemented a new defined benefits program for its partners, introduced a software-based materials management solution to automate the group’s purchasing function and established and expanded prestigious clinical partnerships with Mount Sinai Medical Center, Montefiore Medical Center and Northwell Health Systems. His financial leadership resulted in ENTA receiving the coveted MAP Award for High Performance in Revenue Cycle Management from the Healthcare Financial Management Association (HFMA) for the past 5 consecutive years. Mr. Schwacke was a 3-time finalist (2013, 2014 and 2015) in the Westchester County CFO of the Year Awards sponsored by Westfair and the Westchester Business Journal.
As a QMMS USA board member, Mr. Schwacke works closely with the CEO and Board of Directors on strategy, providing support for tactical initiatives. He is also a co-founder of OASIS – the risk retention group started by ENTA in 2009 to insure its medical malpractice risk. He currently serves as Treasurer and is a member of the Subscriber Advisory Committee.
Mr. Schwacke began his career in public accounting and spent 9 years in the broadcasting, cable and construction industries before entering healthcare in 1989. He served as Controller for a large, publicly traded home healthcare company until 1995 and as Chief Financial Officer for a home healthcare startup before joining ENTA in 1998. He is a graduate of Rutgers University and a Certified Public Accountant with memberships in the AICPA, New Jersey Society of CPAs and the AOA’s Large Group Executive Forum.