Kara Borodkin

Kara is a Vice President in Accordion’s Turnaround & Restructuring Practice. She has 14 years of experience focusing on interim management roles in the finance departments of distressed organizations, particularly in the healthcare space, as well as bankruptcy administration and out-of-court restructurings.

Before Accordion, Kara served as the Finance Manager on interim management engagements at ToneyKorf Partners. Most recently, she managed the cash flows, finance, and treasury functions with the interim Chief Financial Officer at Mercy Hospital in Iowa City, while guiding them through a formal bankruptcy process. Other interim roles included Finance Manager at Milford Hospital, monitoring cash flows and preparing the organization for integration into the Yale New Haven Health system. She also served as the Strategy Manager for US Family Health Plan, a managed care plan providing TRICARE benefits on behalf of the Department of Defense, implementing various initiatives across the organization, including IT enhancements, clinical reorganization, and quality improvement projects.

Previously, Kara was involved with the turnaround at the Brookdale University Hospital and Medical Center, a distressed hospital in Brooklyn, NY. There, she served as Finance Manager, working closely with the interim Chief Financial Officer to stabilize finances, develop trusted relationships with lenders, and manage a state grant-funded cash flow for seven years. She also acted as finance liaison for the state’s Value Based Purchasing programs, as well as the federally funded programs under the Medicaid Redesign Team Waiver Amendment.

Prior to ToneyKorf, Kara was at Grant Thornton and CRG Partners (now part of Deloitte). While at Grant Thornton, Kara worked on the team responsible for the bankruptcy and claims administration of Saint Vincents Catholic Medical Centers of New York.

Kara is a Certified Healthcare Financial Professional and a Certified Specialist of Accounting and Finance through the Healthcare Financial Management Association. She is a member of the International Women’s Insolvency & Restructuring.