“It’s refreshing to be part of a team that has such diverse skill sets. It allows us to yield creative, alternative solutions for our clients.”
Areas of Expertise
- US Family Health Plan
- The Brookdale University Hospital and Medical Center
- Interfaith Medical Center
- Milford Health and Medical, Inc.
- Saint Vincents Catholic Medical Centers of New York
Publications and Recognitions
Christopher P. Karambelas is a Managing Director of ToneyKorf Partners with 15 years of experience in Healthcare advisory, finance, bankruptcy, and restructuring across various industries including Automotive, Healthcare, Manufacturing, Oil and Gas, Real Estate, and Retail.
Since joining ToneyKorf Partners in 2015, Chris has served in various interim management and advisory roles. His most notable engagements include Milford Health & Medical, Brookdale Hospital Medical Center, and Saint Vincents Catholic Medical Centers of New York.
During his time at Milford, Chris served as an executive leader, overseeing all non-clinical daily operations, while also planning and executing the integration of operations into a large health system. Operational turnaround efforts he led included developing the capital replacement plan, leading the IT implementation and integration efforts for a new Electronic Medical Record system, and completed the turnaround and sale of a Home Health Care agency, a subsidiary of Milford.
While at Brookdale, Chris served in several leadership roles in Finance, Operations, Facilities, Engineering, and IT. His role as the Chief Information Officer was his most prominent contribution to the organization during his tenure, overseeing all IT operations at the executive level. Chris was also involved in the creation of Brookdale’s strategic forecast for organizational growth, along with greatly contributing to the development and planning for One Brooklyn Health, a $700M plan to create a three hospital system in Brooklyn, NY.
Currently, Chris is member of the senior leadership team at Saint Vincents, which currently operates a TRICARE Prime health plan. Chris was brought in to lead various special projects in the organization, including the implementation of major IT applications, restructure clinical operations, and oversee the transition of Saint Vincent’s claims administrator to a new vendor.
Chris is a Certified Insolvency and Restructuring Advisor and a Certified Healthcare Financial Professional. He is a member of the Association of Insolvency and Restructuring Advisors, Healthcare Financial Management Association, American Bankruptcy Insititute, and the Turnaround Management Association. He holds an Associate of Science Degree in Computer Engineering from Vermont Technical College and a Bachelor of Science in Business Administration from Northeastern University, with a concentration in Finance and Accounting.
Get to Know Chris
What I do outside of work: I love to be outdoors, skiing, biking, hiking, loving the mountains as well as the shore. Traveling to all these locations is also exhilarating as I thoroughly enjoy driving. Well, all but city driving of course.
My passion: Food, good food. I have always had a well-developed palate. My parents like to remind me that when I was 6 years old I asked for lobster for my birthday dinner. Of course, good food is always paired with fine wine. I have attended seminars on assorted wines and wine regions, which only enhanced my fascination with wines.
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