Rudy Manthei, D.O. ,F.O.C.O.O
President and CEO of ProMed Management Group
Rudy Manthei, D.O., President and CEO of ProMed Management Group, is a highly respected and successful Southern Nevada surgeon, business executive and developer. Dr. Manthei began his career nearly 30 years ago, founding the recently divested Nevada Eye & Ear, a nine clinic, fourteen physician practice grossing in excess of $14,000,000 in revenue and generating nearly 50,000 annual patient visits. In addition, Dr. Manthei founded and was managing partner of two fully credentialed multi-specialty ambulatory surgery centers containing seven operating rooms encompassing over 30,000 square feet.
Dr. Manthei was the driving force, creator and principle manager of Nevada’s largest Ophthalmology/Optometry IPA/MSO. This organization consisted of four competing practices and generated net revenues of over $70,000,000 with negligible administrative costs. The IPA managed over 80,000 Medicare Advantage lives under a full risk-based contract and achieved physician reimbursement in excess of 100% of Medicare.
Dr. Manthei has personally experienced the entire Private Equity process vis a vis his own practice, transforming a $14,000,000 single entity with a likely multiple of five to six into a networked IPA/MSO made up of four entities and a platform practice with over $70,000,000 in revenue and a multiple of eleven.
Dr. Manthei has always been and continues to be active in the local and national communities related to his profession. Dr. Manthei is past president of the Nevada State Board of Medical Examiners, the American Osteopathic College of Ophthalmology and Otolaryngology, the Las Vegas and Nevada Ophthalmology Societies and the Nevada Osteopathic Medical Association. In addition to these professional affiliations, Dr. Manthei founded and chaired the Keep Our Doctors in Nevada initiative which was successful in changing the medical liability laws in Nevada, stemming a mass exodus of Nevada physicians and thusly ensuring continued access to quality and affordable healthcare in Nevada.
Dr. Manthei now turns his considerable clinical and business expertise toward ProMed Management Group and assisting other physicians in growing the value of their practices via private equity transactions, and he does so with the same vigor, intensity and integrity that has resulted in so much of his personal and professional success as a physician and entrepreneur.