Dave Smith, CPA
Senior Vice President and Chief Financial Officer, Memorial Healthcare System
Professional Overview
Dave Smith is an accomplished finance executive with over 30 years of experience in the healthcare industry. As the Senior Vice President and Chief Financial Officer at Memorial Healthcare System, he oversees all financial operations and strategic planning for this leading integrated healthcare network.
Current Role
In his role as SVP and CFO, Dave is responsible for directing the financial strategy and performance of Memorial Healthcare System's $2.5 billion annual operating budget. He provides executive leadership to the accounting, treasury, revenue cycle, and financial planning teams, driving continuous process improvements that have yielded $15 million in cost savings over the past 3 years. Under Dave's financial stewardship, Memorial has maintained a strong credit rating and healthy balance sheet, enabling strategic investments in facilities, technology, and service line expansions.
Career Progression
Dave joined Memorial Healthcare System in 1998 as the CFO of Memorial Regional and Joe DiMaggio Children's Hospital, where he played a key role in integrating the finances of these two entities. Prior to Memorial, he served as the CFO at Kendall Regional Medical Center, overseeing all aspects of the hospital's financial operations. Earlier in his career, Dave was a Senior Manager at Ernst & Young, providing audit and advisory services to healthcare clients.
Academic Background
Dave holds a Bachelor of Science in Accounting from the University of Florida. He is a Certified Public Accountant (CPA) and maintains memberships with the American Institute of CPAs and the Healthcare Financial Management Association.
Areas of Expertise
- Financial strategy and planning
- Revenue cycle management
- Mergers, acquisitions, and integration
- Cost containment and operational efficiency
- Compliance and regulatory reporting
- Financial risk management
Professional Impact
Under Dave's financial leadership, Memorial Healthcare System has achieved exceptional performance, including:
- Sustained 'A' credit rating from S&P and Moody's for the past 8 years
- Implemented a system-wide revenue cycle optimization initiative that increased net revenue by $12 million
- Led the successful integration of two hospital acquisitions, streamlining financial operations and realizing $8 million in synergies
- Spearheaded the implementation of a new enterprise-wide financial management system, enhancing reporting and data-driven decision making
Conclusion
With his extensive experience, strategic vision, and proven track record of driving financial excellence, Dave Smith is a trusted advisor and valued member of the executive team at Memorial Healthcare System. He is committed to leveraging his expertise to support the organization's mission of providing high-quality, accessible healthcare to the communities it serves.
