http://www.jacksonexecutives.com/2016/07/19/interim-healthcare-chief-restructuring-officer-cro/

When the survival of the organization is at stake and things have reached crisis proportions, traditional chief restructuring officers are a solid option and best fit. A CRO immediately brings credibility and objectivity to the restructuring process, while stabilizing the ranks and quickly devising a plan to lead the turnaround.

Confidence builders and skilled communicators, they bring deep financial and industry-specific experience. This allows them to identify the root cause(s) of under-performing organizations, and to work in concert with CEOs to transform organizations from the inside out using strong strategic and negotiation skills.