Bileddo Associates

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.

Kalamazoo College

Western Michigan University

Western Michigan University