FOR IMMEDIATE RELEASE – May 31, 2023
Media Inquiries: Brooke Russell | 985.801.6212 | email@example.com
Covington, Louisiana – Becker’s Hospital Review is delighted to release the 2023 edition of its “Hospital and health system CFOs to know” list. CFOs are indispensable to the financial operations of their healthcare organizations. These leaders are charged with handling massive operating budgets, managing complex revenue cycles, creating and executing financial plans, cultivating partnerships, and more.
CFOs in healthcare face a number of challenges, including:
> Rising healthcare costs
> Changing reimbursement models
> Regulatory compliance
> Workforce shortages
Stacey Zimmer, AVALA’s Chief Financial Officer, encompasses a broad range of financial management activities, with a focus on financial strategy, financial operations, revenue cycle management, risk management, leadership, and compliance. Stacey is a critical leader in ensuring the hospital’s financial stability, sustainability, and growth while adhering to financial regulations and best practices.
Working to oversee all AVALA campuses, including the expansion of the physician network satellite locations, Stacey ensures that the organization remains financially stable and able to provide first-class and state-of-the-art patient care. Through developing and implementing AVALA’s financial plans, including financial goals and objectives, Stacey develops department budgets and projects financial data to further established continued growth for AVALA.
Stacey demonstrates exceptional leadership qualities and exhibits a high level of competency in financial management, including financial and business acumen, strategic thinking, team management, innovation, continuous improvement of financial cycles, risk management, and ethical conduct. These qualities prove Stacey is a results-driven leader, with the communication and influential skills necessary to assist AVALA in becoming more adaptable to the modern healthcare environment, effectively helping the team to remain resilient in the face of challenges.
With a direct analysis of the healthcare industry and financial data, Stacey works to improve financial performance, including monitoring vital economic indicators such as revenue, expenses, and profitability. Stacey works closely with AVALA’s physician owners, executive leadership team, board of directors, and stakeholders to provide insight into AVALA’s performance and help guide future decisions for expansion. Stacey is working to build the foundation for the hospital’s revenue cycle management process by investing in a new system to manage the organization’s billing and collection activities, ensuring that ultimate reimbursement is provided for services. Ensuring AVALA meets relevant compliance guidelines for financial regulations, Stacey also identifies and manages financial risks related to investments, financing, and insurance. Overall, Stacey plays a critical role in ensuring that AVALA is financially stable and able to provide excellence to its patients, physicians, and team members, further aligning AVALA’s financial decisions with its overall mission and goals.
Strong leadership qualities are both important and make a large impact on the company that these leaders work with. CFOs must be able to effectively manage the financial operations of their organization, while also providing strategic guidance.
The CFOs featured on this list work to ensure the overall financial viability and sustainability of their hospitals and health systems. With their help, healthcare organizations are able to focus on bettering their establishments and providing the best possible care for patients.
This list honors CFOs for their dedication to enhancing the financial well-being of their hospitals and health systems. Becker’s Healthcare is excited to feature the accomplishments of these phenomenal leaders, who are crucial to the successes of their respective organizations.
The full list features individual profiles of all leaders and can be read here.
About Becker’s Healthcare
Becker’s Healthcare is the go-to source for healthcare decision-makers and one of the fastest-growing media platforms in the industry. Through print, digital and live event platforms, Becker’s Healthcare equips healthcare leaders with information and forums they need to learn, exchange ideas, and further conversations about the most critical issues in American healthcare today.