“Integrity cannot be taken away; it can be lost. Do the right thing whether anyone knows it or not”
David Robert Klementz is a distinguished healthcare executive whose career spans more than four decades of transformative leadership, financial stewardship, operational excellence, and strategic innovation. Known for his unwavering integrity and ability to navigate complex corporate landscapes, he has built a reputation as an influential industry leader with a rare combination of strategic insight, operational precision, and a deep commitment to improving the organizations and communities he serves. His work reflects not only mastery of healthcare operations and financial management but also a personal mission to guide, develop, and elevate the people around him.
Throughout his career, David has demonstrated an exceptional understanding of the healthcare continuum, particularly across the post-acute continuum including hospital, home health, hospice, post-acute services, and integrated provider systems. His leadership at Centrix Health Resources Fund as Managing Partner reflects his continued passion for shaping the future of healthcare through thoughtful investment, operational rigor, and strategic partnership. In this role, he spearheads deal sourcing, valuation, clinical oversight, regulatory strategy, and portfolio performance—ensuring that emerging organizations not only grow but do so with discipline, sustainability, and patient-centered focus. Under his guidance, the fund has successfully established operational frameworks and financial systems that enable portfolio companies to thrive.
Prior to his investment leadership, David served as Chief Executive Officer and President of Traditions Health, where he led a sweeping organizational transformation across an 18-state healthcare system. His tenure saw dramatic improvements in quality outcomes, financial performance, operational efficiency, and workforce alignment. By expanding the organization’s geographic footprint and executing high-value acquisitions and DeNovo strategies, he significantly increased revenue, improved clinical quality metrics, and built a more resilient and efficient business model. His leadership resulted in measurable gains—including star rating improvements, reductions in readmissions, and multimillion-dollar enhancements in EBITDA and SG&A optimization.
David’s influence in the healthcare sector deepened during his impactful years at Encompass Health, a $4.6 billion enterprise where he served as Chief Strategy Officer and, earlier, as Senior Vice President and Chief Financial Officer of Inpatient Operations. His work transformed the organization’s strategic planning process and drove growth through innovative market assessments, joint ventures, and the development of new hospitals across the country. He pioneered the Post-Acute Strategic Assessment (PACSA) tool, collaborated with Cerner to establish the Post-Acute Innovation Center, and refined systems that strengthened governance, transparency, and clinical coordination. His leadership helped deliver remarkable increases in market share, EBITDA, and national expansion.
During his early tenure at Progress Rail and Progress Energy, David set new standards for financial discipline, operational performance, and strategic execution. As Senior Vice President and Chief Financial Officer, he led large-scale integrations, public bond offerings, restructuring initiatives, and financial turnarounds that generated significant free cash flow and elevated corporate valuation. His ability to streamline operations, accelerate financial reporting, drive inventory efficiencies, and implement rigorous management processes demonstrated a leadership style rooted in clarity, accountability, and long-term value creation.
David’s earlier career experiences—from roles at Analytical Sciences, Oracle Corporation, ANSTEC, and Peer Consultants—shaped the foundation of his analytical expertise, financial acumen, and operational discipline. These formative years provided him with complex challenges across multiple industries, empowering him with a versatile leadership approach adaptable to organizations at any stage of maturity. Whether redesigning financial systems, reducing reporting cycles, implementing forecasting models, or leading multimillion-dollar proposal development, he consistently demonstrated a commitment to excellence and continuous improvement.
Beyond his executive achievements, David is a respected figure in healthcare advocacy and governance. He has served on influential boards including the Partnership for Quality Home Healthcare and the Hospice Action Network, contributing his insights to national policy discussions and legislative initiatives that shape the future of care delivery.
Despite a demanding career, David remains grounded in personal values that guide his professional journey. He is driven by a belief in the power of mentorship, human connection, and purpose-driven leadership. Outside of work, he is a proud father and grandfather who enjoys golf, fishing, and time with family—pursuits that reflect his appreciation for balance, reflection, and meaningful relationships.
What distinguishes David most is his consistent ability to bridge strategy with execution. He is equally adept at high-level enterprise visioning and hands-on operational transformation. His broad experience across finance, M&A, compliance, operations, and strategic development positions him as a powerful contributor to organizations seeking governance excellence, industry expertise, and principled leadership.
Today, David continues his mission to support organizations, leaders, and communities through service on boards, strategic advisory roles, and thoughtful investment leadership. His career reflects a lifelong dedication to integrity, disciplined growth, and the belief that strong leadership has the power to impact countless lives.
Character:
David exemplifies character through his unwavering commitment to integrity, a guiding principle that shapes every major decision he makes. His leadership style emphasizes accountability, ethical stewardship, and respect for those he works with. He consistently demonstrates humility, compassion, and a genuine desire to uplift individuals and organizations.
Knowledge:
His extensive experience across healthcare, finance, operations, and corporate strategy reflects a depth of knowledge gained through decades of executive leadership. He approaches complex challenges with analytical precision and a keen understanding of both market dynamics and organizational behavior. His cross-industry background enables him to offer informed, insightful perspectives that strengthen strategic decision-making.
Strategic:
David is a visionary strategist who excels at connecting long-term organizational goals with actionable execution plans. He has repeatedly led expansions, transformational initiatives, and large-scale integrations that required sophisticated foresight and disciplined follow-through. His ability to synthesize data, industry trends, and stakeholder needs allows him to craft strategies that drive sustainable success.
Communication:
A skilled communicator who articulates complex ideas clearly, persuasively, and with purpose. His ability to engage teams, boards, investors, and partners fosters trust and alignment across organizations of all sizes. Through public speaking, board service, and executive leadership, he consistently demonstrates communication tool to inspire action and influence positive certified Green Belt.
Education
- James Madison University — BBA, Finance (1986)
- University of Virginia — Certificate in Procurement and Contract Administration (1988)
- Duke University, Fuqua School of Business — Leadership Development Program (2001)
Certifications
- Certified Public Accountant (CPA)
- Six Sigma — Certified Green Belt
- Oracle Masters — Online Analytical Processing (OLAP), Oracle (1997)
Former Board & Professional Affiliations
- Partnership for Quality Home Healthcare — Board Member
- Hospice Action Network — Executive Committee & Board Member
- American College of Healthcare Executives (ACHE) — Member
- American Institute of Certified Public Accountants (AICPA) — Member
