Professional Overview
Carol Barrett is an experienced healthcare finance executive with a demonstrated history of driving strategic initiatives and operational excellence in the nursing and hospital administration domains. As the Director of Nursing Finance at Elliot Hospital, she leverages her deep industry expertise to provide financial leadership and strategic guidance to the organization's nursing division.
Experience Summary
Current Role
In her current role as Director of Nursing Finance at Elliot Hospital, Carol is responsible for overseeing the financial operations and budgeting processes for the hospital's nursing department. She collaborates closely with nursing leadership to align financial strategies with clinical priorities, ensuring optimal resource allocation and financial sustainability. Under her guidance, the nursing finance department has achieved significant cost savings and operational efficiencies, contributing to the overall financial health of the organization.
Career Progression
Prior to her current position, Carol held various leadership roles at Elliot Hospital, including Director of Finance from 1985 to 1998 and Manager of Managed Care from 2007 to 2011. Throughout her tenure, she has demonstrated a keen ability to navigate complex financial challenges, implement innovative solutions, and drive organizational transformation.
Academic Background
Carol holds a Bachelor's degree in Accounting from the University of New Hampshire, where she graduated with honors. Her strong academic foundation, coupled with her extensive practical experience, has equipped her with a comprehensive understanding of healthcare finance and the ability to translate complex financial data into actionable strategies.
Areas of Expertise
Carol's areas of expertise include hospital finance, managed care contracting, budgeting and forecasting, financial reporting, and regulatory compliance. She is adept at identifying cost-saving opportunities, implementing process improvements, and aligning financial strategies with clinical priorities. Additionally, she possesses strong leadership and communication skills, enabling her to collaborate effectively with cross-functional teams and key stakeholders.
Professional Impact
During her tenure at Elliot Hospital, Carol has been instrumental in driving several transformative initiatives. Most notably, she led the implementation of a new financial management system, which streamlined reporting processes and enhanced data-driven decision-making. Her ability to leverage technology and data analytics has enabled the hospital to make more informed financial decisions, ultimately improving patient outcomes and the overall financial performance of the organization.
Conclusion
With her extensive experience, deep industry expertise, and proven track record of success, Carol Barrett is a valuable asset to Elliot Hospital. As the Director of Nursing Finance, she continues to provide strategic financial leadership, foster organizational growth, and contribute to the delivery of high-quality patient care.
