SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 14, 2013
FTI CONSULTING, INC.
(Exact Name of Registrant as Specified in Charter)
| Maryland | 001-14875 | 52-1261113 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
777 South Flagler Drive, Suite 1500, West Palm Beach, Florida 33401
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (561) 515-1900
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD Disclosure.
FTI Consulting, Inc. (“FTI Consulting”) intends to use a presentation from time to time relating to its healthcare and life sciences practices in its discussions with investors (the “Presentation”). Among other things, the Presentation addresses business drivers, service offerings to healthcare and life sciences clients, and revenues and operating information for FTI Consulting’s health solutions practice for fiscal 2012. A copy of the Presentation is furnished as Exhibit 99.1 and has been posted to the FTI Consulting website at www.fticonsulting.com.
The Presentation contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are necessarily based on certain assumptions as of the date such forward-looking statements were made and are subject to significant risks and uncertainties. FTI Consulting does not undertake any responsibility for the adequacy, accuracy or completeness or to update any of these statements in the future. Actual future performance and results could differ from that contained in or suggested by the forward-looking statements.
The information included herein, including Exhibit 99.1 furnished herewith, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any filing pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language in any such filing, except as expressly set forth by specific reference in such filing.
1
ITEM 9.01. Financial Statements and Exhibits
(d) Exhibits.
99.1 August 2013 Healthcare Presentation of FTI Consulting, Inc.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, FTI Consulting, Inc. has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| FTI CONSULTING, INC. | ||||||
| Dated: August 14, 2013 | By: | /S/ ERIC B. MILLER | ||||
| Eric B. Miller | ||||||
| Executive Vice President, General Counsel and Chief Risk Officer | ||||||
3
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 | August 2013 Healthcare Presentation of FTI Consulting, Inc. | |
1
 FTI Consulting
Avondale 1-1 Healthcare Conference
Exhibit 99.1
August
14
th
,
2013 |
 Cautionary Note About
Forward-Looking Statements
This presentation includes "forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934,
as amended, which involve uncertainties and risks. Forward-
looking statements include statements concerning our plans, objectives, goals,
strategies, future events, future revenues, future results and
performance, expectations, plans or intentions relating to acquisitions and other matters, business trends and other
information that is not historical, including statements regarding estimates of
our future financial results. When used in this presentation, words such
as “estimates,” “expects,”
“anticipates,”
“projects,”
“plans,”
“intends,”
“believes,”
“forecasts”
and
variations of such words or similar expressions are intended to identify
forward-looking statements. All forward-looking statements,
including, without limitation, estimates of our future financial
results, are based upon our expectations at the time we make them
and various assumptions. Our expectations, beliefs and projections are
expressed in good faith, and we believe there is a reasonable basis for
them. However, there can be no assurance that management’s expectations, beliefs and estimates will be
achieved, and the Company’s actual results may differ materially from our
expectations, beliefs and estimates. The Company has experienced
fluctuating revenues, operating income and cash flow in prior periods
and expects that this will occur from time to time in the future. Other
factors that could cause such differences include declines in demand for, or changes in, the mix of services and
products that we offer, the mix of the geographic locations where our clients
are located or where services are performed, adverse financial, real
estate or other market and general economic conditions, which could impact each of our segments differently, the
pace and timing of the consummation and integration of past and future
acquisitions, the Company's ability to realize cost savings and
efficiencies, competitive and general economic conditions, retention of staff and clients and other risks described under the
heading “Item 1A. Risk Factors”
in the Company’s most recent Form 10-K, our Current Report on
Form 8-K dated May 21, 2013 and in the Company's other filings
with the Securities and Exchange Commission, including the risks set forth under “Risks Related
to Our Operating Segments”
and “Risks Related to Our Operations”. We are under no duty to
update any of the forward-looking statements to conform such
statements to actual results or events and do not intend to do so.
2 |
 FTI Consulting’s Healthcare Offering |
 Current Industry Backdrop
The prevention, treatment, and management of illness and the preservation of
mental and physical well
being
—
provided
by
the
healthcare
and
life
sciences
industries
—
represent
one
of
the
largest,
fastest growing markets in the global economy
Healthcare in the United States is truly undergoing a game-changing
transition According to a recent American College of Healthcare
Executives study, the top three concerns for hospital CEOs are:
The
healthcare
industry
is
also
one
of
the
most
heavily
regulated—
never
before
have
the
operational
and
regulatory
demands
and
the
corresponding
risks
of
compliance
been
as
great
Healthcare growth drivers include: declining hospital margins, lower Medicare
and Medicaid spending and healthcare reform
FTI Consulting
provides
solutions
designed to help
healthcare and
life sciences
clients optimize
their
performance in
the short-term
and prepare for
the impending
strategic,
operational,
financial and
legal challenges
of the future
Deteriorating reimbursements, federal and state fiscal budgets and a complete
business model shift are the key issues putting pressure on hospitals and
health services This
transition
presents
our
healthcare
professionals
with
dynamic
growth
opportunities
in
the
United
States
and
abroad
Critical capabilities for success under reform include: operations improvement,
physician integration, care coordination, clinical performance improvement
and strategic rationalization 1.
Financial challenges (Medicare & Medicaid reimbursements, government
funding cuts, etc.) 2.
Patient safety and quality
3.
Healthcare reform implementation, ACO (Accountable Care Organizations) and
bundled payment models 4 |
 Health Solutions Overview
FTI Consulting is
one of the
leading
providers
of operational,
strategic,
economic and
communications
services to
healthcare
providers, health
insurers and
other related
health services
stakeholders
20
Discrete Healthcare & Life Sciences
Disciplines
$92 million
in revenues¹
450+
Healthcare Clients
Served in Last 3
years
Top 10
Eighth Largest Hospital Management Consulting Practice in the U.S. as ranked
by Modern Healthcare’s 7th Annual Management Consulting Firms
Survey³ 200+
Healthcare Professionals²
5
¹
Healthcare and life sciences revenues from Health Solutions practice in fiscal
2012. ³
Source:
Modern
Healthcare's
seventh
annual
Management
Consultant
Firms
Survey.
Published
September
3,
2012.
²
Healthcare
and
life
sciences
professionals
in
Health
Solutions
practice
as
of
May
9
th
,
2013. |
 Holistic Healthcare Offering
FTI Consulting works closely with healthcare enterprises to anticipate
challenges and identify areas for potential growth. We
provide
unparalleled
expertise,
innovation,
and
the
necessary
global
reach
to
achieve
success.
6
Performance
Improvement/Restructuring:
Stakeholder Communications:
Our full scope of services covers
a wide range of transactional
events and clients, including the
restructuring of financially
distressed organizations
We are experienced in operating
and communicating within
politically charged environments
with multiple stakeholders at
national, local and internal
levels
The key objective is to ensure
the communications are
integrated into all aspects of the
change process
Strategic and Economic Analysis:
Our expertise and services involve
in-depth knowledge and
applications that help assess and
transform individual organizations,
and then identify and quantify
expected benefits from broader
transformation or re-alignments at
the market level
IMPROVED
SERVICES
&
RESULTS
Regulatory Compliance
Investigations & Disputes and
Data Analysis:
Increased government
expenditures, changing
regulatory requirements, and
heightened compliance
oversight are impacting all
players in the healthcare arena
By combining our unique
experience with cutting edge data
analysis we assist all segments
of the industry in conducting
investigations, responding to
litigation, and implementing
processes to prevent problems in
the first place
FTI Consulting offers a
comprehensive range of services to
healthcare organizations,
particularly in the hospital sector,
which encompasses improving and
transforming operational, financial
and clinical performance |
 Health Solutions Client Services
7
Healthcare
Payer
Life
Sciences
Strategy, Planning & Revenue Growth
Revenue Cycle/Charge Capture
Supply Chain Management
Labor & Productivity
Clinical Documentation
Physician Enterprise
Financial Advisory Services
Regulatory Compliance, Investigations & Disputes
Government Contract Compliance
Payer/Provider Collaboration
Operational Process Improvement
Data Analytics
Pharmacy Benefit Manager Services
Regulatory Compliance, Investigations & Disputes
Financial Advisory Services
Regulatory Compliance, Investigations & Disputes
|
 Health Solutions Client Value Proposition
8
Our health solutions professionals mentor clients following turnaround
engagements to ensure they are positioned to transfer, institutionalize and
sustain turnaround improvements realized.
In today’s increasingly intense regulatory environment, integrity and
compliance are the critical foundation for all other healthcare activities.
Building on our experience in many of the largest and most complex healthcare
investigations, claims and disputes, our regulatory compliance,
investigations and disputes professionals help organizations respond to issues,
risks and allegations in whatever form they arise. This team also
helps
to
prevent
problems
by
assisting
clients
in
developing
and
implementing
effective compliance programs.
Our Strategic Communications professionals have deep communications expertise
across a wide range of circumstances, including the restructuring
of
financially
distressed
healthcare
and
life
sciences
organizations
and
politically
charged
environments
with
multiple
stakeholders
at
national, local and internal levels helping to ensure communications are
integrated into all transformational processes. Our market-leading
Economic Consulting professionals bring in-depth knowledge of regulatory risks and opportunities that assess and transform
individual
organizations,
allowing
them
to
identify
and
quantify
expected
benefits from broader
market
transformations.
Our Technology professionals utilize proprietary software and models to
transform raw data into relevant information that underpins our
recommendations or supports our client’s positions.
The healthcare industry is facing significant structural changes, requiring
every provider to organize around a new set of standards –
including value, accountability, quality, efficiency and transparency. Our
Health Solutions professionals implement strategies designed to help
clients optimize their performance in this dynamic environment. FTI
Consulting’s proven track record of success provides the credibility necessary to win support and buy-in of key
internal
and
external
stakeholders,
including
but
not
limited
to
creditors,
physicians
and
payers. |
 Critical Thinking at the Critical Time ™ |