SVP and Chief Financial Officer
Confidential/597038
Financial professional with 15+ years of progressive executive leadership experience within large, complex health systems. Proven success in transforming organizations to achieve financial sustainability through innovation, change management, and leadership development.
CERTIFICATIONS AND LICENSES
Skills:
- Financial Sustainability/Stewardship
- Strategic Planning
- Change Management
- Complex Systems Leadership
- Financial Planning, Decision Support, & Analysis
- Budget, Forecasting & Capital Planning Managed Care Strategy
- Revenue Cycle Management
- Healthcare Financial Management Association, Fellow
SVP and Chief Financial Officer
SVP and Chief Financial Officer
10+ year in Accounting/Financial Services executive experience in hospital environment.
- Achieved financial sustainability across all organizations
- Demonstrated leadership vision and versatility by partnering with strategy
- Led rationalization, optimization, and implementation of information technology
- Improved FY2023 financial performance by $140M through operational improvements, cost management, and accountability reporting.
- Implemented new operating structure for revenue cycle excellence with over $12M of improvement in the first 6 months.
- Successfully negotiated renewals with major payers without disruption to patient care, while achieving targeted results that were 2-3 times better than previous increases.
- Completed joint venture transaction with large orthopedic ambulatory surgery center ,resulting in $35M increase in operating income.
- Achieved an upgrade in long-term debt rating by Fitch to AA-and a positive outlook by S&P ratings.
- Improved annual year-over-year financial performance by over $60M by streamlining key processes within the revenue cycle, supply chain, and clinical engineering, including operational alignment in several key areas: denial management, care documentation, vendor selection, and capital planning.
- Redesigned project review process and analytics for routine replacement and strategic projects, including the approval of an $18M ambulatory center.
- Completed a $670M, 2-hospital consolidation project, resulting in annual operating cost reduction of $19M.
- Increased profitability of services on an annual basis by over $10M, including productivity improvement, payer contract management and negotiation, vendor review and selection process, expanded use of technology, and implementation of competitive pricing strategies.
- Most recently with a Not-for-profit health system serving 14 communities in two states with 15 acute hospitals (1,600 beds), including 2 children’s hospitals, multispecialty physician groups (over 1,100 providers), college of nursing, captive insurance company, and several joint ventures that included 2 health insurance plans. Annual net revenues: $3B. FTEs: 13K+.
- Becker’s Hospital Review, 126 Hospital and Health System CFOs to Know 2023.
- Becker’s Hospital Review, 182 Women Hospital and Health System CFOs to Know 2023.
EDUCATION
BA, Physics
Kalamazoo College
MA, Nuclear Physics
Western Michigan University
MBA, Finance
Western Michigan University
Compensation Requirements
Rates will vary based on location and housing availability. Very reasonable for the market.