BayCare, a 16-hospital nonprofit system headquartered in Clearwater, Fla., has appointed Deirdre Franzese vice president of system financial shared services, effective Feb. 2.
Four things to know:
1. The newly created role expands leadership capacity for enterprise-wide financial accounting and shared services, according to the health system. BayCare said the position reflects its focus on operational excellence, transparency and long-term financial sustainability.
2. In the role, Ms. Franzese will lead net revenue management, financial reporting and finance-related technology platforms. She will also oversee shared services functions including accounts payable and payroll to support consistency, standardization and accuracy across the system. She will report to CFO Janice Polo.
3. Ms. Franzese will be responsible for ensuring compliance with generally accepted accounting principles, IRS regulations and internal financial policies, and will partner with BayCare’s government relations team on reimbursement and regulatory strategies.
4. She has served as director of finance for BayCare Medical Group since 2017, overseeing financial operations for the $750 million multispecialty physician enterprise. During her tenure, she led automation initiatives across provider compensation, budgeting and reporting, reducing manual processes by 20% and generating $80,000 in annual cost avoidance. She also directed a 25-member finance team while supporting a 60% increase in providers.
“Deirdre brings strong leadership in fast-growing, complex environments, and her skills will take our shared services team to the next level,” Ms. Polo said in a news release.
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