CFO Jeff Taylor: Transforming Financial Operations at St. Luke's in Idaho
St. Luke's Health System in Boise, Idaho, is the largest health system in the state, and CFO Jeff Taylor has helped transform St. Luke's financial operations from a single-hospital initiative to a five-hospital endeavor with annual operating revenue of more than $1 billion.
Mr. Taylor has been at St. Luke's since 1994, when he was hired on as the director of finance. In 2006, he was named vice president of finance and CFO of St. Luke's Treasure Valley, and in 2008, Mr. Taylor took on his current role of system CFO. The St. Luke's administration says Mr. Taylor's "creativity and ability to look at situations and possibilities from a variety of perspectives," in addition to his financial experience and leadership, has allowed St. Luke's to record significant financial milestones.
For example, Mr. Taylor has led St. Luke's to gain an A rating from Moody's Investors Service and Standard & Poor's. Last week, Moody's assigned A2 ratings to St. Luke's most recent bond issuance and said the health system has a "history of strong operating performance" and an "experienced, stable management team."
Mr. Taylor has also led the $100 million implementation of the electronic medical record system across all St. Luke's facilities and physician clinics, and he also helped develop a plan with the Idaho Hospital Association and the state Medicaid program for hospital assessments that eventually retained more than $100 million in federal Medicaid funding.
"Thanks in great part to Jeff's financial acumen, foresight and remarkable leadership, St. Luke's is now Idaho's largest and only locally-controlled healthcare system," according to health system officials. "He is an integral part of the guiding force that allows the organization to serve hundreds of thousands of patients throughout southwest and central Idaho and eastern Oregon. Jeff's vision and dedication have created a level of financial support and stability that should serve as a model of excellence for hospitals and health systems across the country."
More Articles on Hospital CFO Profiles:
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.