Senior VP, Finance - Revenue Mgmt, Policy and Integrity, Reimbursement, Payer Contracting
Professional Overview
Francine Botek is an accomplished finance executive with over two decades of experience in the healthcare industry. As the Senior Vice President of Finance at St. Luke's University Health Network, she oversees critical functions including revenue management, policy and integrity, reimbursement, and payer contracting. Francine's expertise spans financial strategy, operational optimization, and strategic partnerships, enabling her to drive sustainable growth and operational excellence within the organization.
Experience Summary
Current Role
In her current role as Senior VP, Finance at St. Luke's University Health Network, Francine is responsible for leading a team of finance professionals and overseeing the organization's revenue management, policy and integrity, reimbursement, and payer contracting functions. She has played a pivotal role in enhancing the network's financial performance, optimizing revenue streams, and ensuring compliance with industry regulations and standards. Under Francine's leadership, the organization has achieved significant improvements in revenue cycle management and strengthened its relationships with key payer partners.
Career Progression
Prior to her current role, Francine served as the VP of Finance at St. Luke's University Health Network since 2000. In this position, she was instrumental in driving financial strategy, implementing cost-saving initiatives, and improving financial reporting and analysis. Her commitment to financial excellence and operational efficiency has been instrumental in the organization's continued growth and success.
Academic Background
Francine holds a Bachelor's degree in Accounting from the University of Pennsylvania, where she graduated with honors. She is a Certified Public Accountant (CPA) and has attended numerous executive leadership programs to further develop her strategic and management capabilities.
Areas of Expertise
- Healthcare finance and revenue cycle management
- Financial strategy and operational optimization
- Regulatory compliance and policy development
- Payer contract negotiations and reimbursement management
- Analytical and problem-solving skills
- Strategic leadership and team management
Professional Impact
Under Francine's leadership, St. Luke's University Health Network has achieved significant improvements in its financial performance, including:
- Increased net revenue by 15% over the past three years
- Implemented a comprehensive revenue integrity program that resulted in a 7% reduction in denials and improved reimbursement rates
- Negotiated favorable payer contracts, securing an average 8% increase in reimbursement rates across the network
- Spearheaded the implementation of a cutting-edge financial reporting and analytics platform, enabling data-driven decision-making
Conclusion
Francine Botek is a seasoned finance executive with a proven track record of driving financial success and operational excellence in the healthcare industry. Her strategic vision, financial acumen, and collaborative leadership style have been instrumental in enhancing St. Luke's University Health Network's financial performance and positioning the organization for continued growth and sustainability.
