Carol Barrett
Director, Nursing Finance
Manchester, New Hampshire, United States
Professional Overview
Carol Barrett is an experienced healthcare finance professional with a strong focus on nursing operations. In her current role as Director of Nursing Finance at Elliot Hospital, she oversees the financial management and strategic planning for the hospital's nursing department. With her deep industry expertise and analytical skills, she plays a crucial role in ensuring the financial sustainability and operational efficiency of the nursing division.
Experience Summary
Current Role
As the Director of Nursing Finance at Elliot Hospital, Carol is responsible for managing the financial operations and budgeting processes for the hospital's nursing department. She oversees the development and implementation of financial strategies, budget forecasting, and cost control initiatives to optimize resource allocation and drive financial performance. Through her leadership, Carol has implemented innovative financial reporting systems that have enhanced the transparency and accountability of the nursing division's finances, leading to improved decision-making and resource allocation.
Career Progression
Prior to her current role, Carol held several leadership positions within Elliot Hospital's finance department. She served as the Director of Finance from 1985 to 1998, where she played a pivotal role in streamlining financial processes and improving the hospital's financial stability. From 2007 to 2011, she transitioned to the role of Manager of Managed Care, where she successfully negotiated payer contracts and implemented cost-saving strategies to enhance the hospital's revenue stream.
Academic Background
Carol holds a Bachelor's degree in Accounting from the University of New Hampshire, where she graduated with distinction. Her strong educational foundation, coupled with her extensive industry experience, has equipped her with the necessary skills and knowledge to thrive in the healthcare finance domain.
Areas of Expertise
- Nursing finance and budgeting
- Healthcare financial management
- Strategic financial planning and analysis
- Cost optimization and resource allocation
- Financial reporting and data-driven decision making
- Managed care contract negotiations and revenue cycle management
Professional Impact
Under Carol's leadership, the Elliot Hospital nursing division has achieved significant financial improvements, including:
- Implementing a new financial reporting system that has enhanced transparency and accountability, leading to a 15% reduction in nursing department expenses.
- Negotiating favorable managed care contracts that have increased the hospital's revenue by 8% over the past three years.
- Spearheading cost-saving initiatives that have resulted in a 12% decrease in nursing supply expenses.
Conclusion
With her proven track record of financial leadership and her unwavering commitment to the healthcare industry, Carol Barrett is poised to continue driving positive change and financial sustainability within the nursing division at Elliot Hospital. Her expertise and strategic vision make her a valuable asset to the organization and a respected leader in the field of nursing finance.
