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Tag Archives: CFO
As Healthcare Changes, So Must its CEOs, CFOs, COOs…
http://www.healthleadersmedia.com/leadership/healthcare-changes-so-must-its-ceos-cfos-coos%E2%80%A6
To keep up with big changes in how healthcare is administered, financed, and organized, top leaders are finding a need for new talents and organizational structures.
Ex-executive who helped feds with Sacred Heart probe given year in prison
Top 10 Takeaways from the HealthLeaders Media CFO Exchange
More than three dozen top healthcare finance executives share insight and strategies for tackling their toughest business challenges.
Participants at the 2017 HealthLeaders Media CFO Exchangein Coeur d’Alene, Idaho last week said they are generally optimistic about weathering the storm of regulatory changes, new payment models, and shifting market forces buffeting their organizations.
The finance executives at the invitation-only event also shared many mutual concerns such as offsetting traditional revenue-stream declines at hospitals and assessing the appetite to adopt value-based care models in their markets.
Here are 10 of the most insightful comments from the gathered finance leaders:
Ex-CFO: Sonoma West Medical Center benefactor said ‘cook the books’
The former chief financial officer at Sonoma West Medical Center said a key hospital benefactor asked him to “falsely portray” the hospital’s finances to show positive net profit for the hospital, according to a whistleblower lawsuit filed this week.
The lawsuit against Sonoma West Medical Center was filed Monday by Douglas Goldfarb, who served as chief financial officer from Nov. 30, 2015 to June 6, 2016. It is the latest legal complaint against the embattled hospital, one that echoes charges made in a lawsuit filed two months ago by the hospital’s former chief nursing officer, Cheri AnDra.
As Sonoma West Medical Center officials said with AnDra’s lawsuit, they could not comment on the legal challenge because it involved personnel matters. Both Goldfarb and AnDra are represented by the same Bay Area attorney, Daniel Bartley.
The suits allege millionaire west county software entrepreneur Dan Smith, the hospital’s largest donor and most consistent financial supporter, is using the hospital as a testing ground for his “defective” tablet-based electronic medical records system called HarmoniMD.
150 hospital and health system CFOs to know 2016
Owner, CFO of Louisiana healthcare company get prison time for fraud
Barbara Sadler, the 63-year-old owner of Extraordinary Care Network, a Baton Rouge, La.-area attendant care services company, has been sentenced to 44 months in prison for her role in a scheme to defraud the Louisiana Medicaid program of more than $1 million, according to the Department of Justice.
The company’s CFO Sedric C. Blakes, 42, has been ordered to spend three years behind bars for his role in the scheme.
Former healthcare CFO charged with bribery, fraud
A federal grand jury returned a 47-count indictment Tuesday against the former CFO of a Medicaid-funded behavioral health system in North Carolina, according to the Department of Justice.
The indictment charged William Canupp, former CFO of Beulaville, N.C.-based Eastpointe Human Services, with conspiracy, bribery, organization fraud, wire fraud and money laundering. Eastpointe manages the public sector behavioral health system for several counties in Eastern North Carolina.
Critical Role of Hospital CFOs
The CFO dashboard: Healthcare leaders target the metrics that matter most
HENRY KOTULA 