Professional Summary
Professional Overview
Ed Casteel is a seasoned healthcare finance and managed care executive with over 15 years of experience driving strategic initiatives and operational excellence. As the Director of Managed Care Contracting & Finance at Saint Francis Health System, he oversees the organization's payer relationships, contract negotiations, and financial performance optimization. With a strong background in managed care, Casteel leverages his expertise to enhance operational efficiencies and maximize revenue opportunities.
Experience Summary
Current Role
In his role as Director of Managed Care Contracting & Finance at Saint Francis Health System, Casteel is responsible for managing the organization's managed care contracts and overseeing the financial performance of the managed care portfolio. He leads a team of analysts and contracting specialists, ensuring that the health system maintains favorable contract terms and effectively manages risk-based arrangements. Under his leadership, Saint Francis has consistently achieved high performance ratings from its payer partners and optimized its managed care revenue by over 8% year-over-year.
Career Progression
Prior to his current role, Casteel served as the Regional Director of Managed Care at Health Management Associates \ Community Health Systems, where he was instrumental in integrating managed care strategies across a multi-state network of hospitals and physician practices. He also held the position of Director of Managed Care Finance at Saint Francis Health System, where he played a pivotal role in implementing value-based care initiatives and enhancing the organization's financial reporting capabilities.
Casteel began his healthcare career as a member of the Healthcare Roundtable, where he contributed to industry-wide discussions on managed care best practices and innovative reimbursement models.
Academic Background
Casteel holds a Master's degree in Healthcare Administration from the University of Mississippi, where he graduated with distinction. He also earned a Bachelor of Science degree in Finance from Mississippi State University, where he was recognized for his academic excellence.
Areas of Expertise
- Managed care contract negotiation and optimization
- Risk management and value-based care strategy
- Financial reporting and performance analytics
- Payer relations and network development
- Strategic planning and operational optimization
Professional Impact
Throughout his career, Casteel has consistently demonstrated his ability to drive operational and financial improvements within the healthcare organizations he has served. His leadership in managed care contracting and finance has resulted in significant revenue growth, improved payer relations, and enhanced organizational performance. Casteel's contributions have been recognized by his peers, and he is regularly invited to speak at industry events and conferences on topics related to managed care and value-based care initiatives.
Conclusion
With his extensive experience, strong analytical skills, and proven track record of success, Ed Casteel is a valuable asset to the healthcare industry. As he continues to advance his career, Casteel remains focused on leveraging his expertise to help healthcare organizations navigate the complex managed care landscape and achieve sustainable financial and operational success.
