Dr. Richard Wacksman
Cost-Cutting and Managing Professional
About Dr. Richard Wacksman
Leveraging more than 25 years of experience in medical administration, internal medicine, pediatrics, and palliative and hospice care, Dr. Richard Wacksman has practiced at hospitals all around the country. Starting at New York’s Ellis Hospital as a critical care physician, he graduated to the position of director of the intensive care unit (ICU). In 1990, Dr. Richard Wacksman joined Fargo Clinic in North Dakota as an intensivist. Concurrently, he served Saint Luke's Hospital in Fargo as medical director of clinical care services.
In 1997, Dr. Richard Wacksman accepted the position of executive partner at MeritCare Health System, the result of a merger between Fargo Clinic and Saint Luke's Hospital. Among his other responsibilities, he managed over 1,000 associates and a revenue stream of more than $200 million. In the interest of implementing more efficient measures, he led a movement to use clinical teams as a way of saving money in the ICU. Through his measures, MeritCare reduced its annual losses in the ICU by $1.5 million.
Dr. Richard Wacksman extended his efficiency practices to the facility's operating and emergency rooms. Working with the Surgical Services Team and Emergency Services Team, he improved throughput in the operating room and emergency room dramatically.
Before entering the medical field as a practicing physician and administrator, Dr. Richard Wacksman earned his MD from American University of the Caribbean and his MBA from Moorhead State University.