Jake Halstenson

Chief Financial Officer

Professional Overview

Jake Halstenson is an accomplished Chief Financial Officer with over 20 years of diverse experience in the healthcare industry. He specializes in driving operational efficiency, enhancing financial performance, and leading strategic initiatives to propel organizational growth.

Current Role

As the Chief Financial Officer at Ballad Health, Jake oversees all financial operations and plays a pivotal role in shaping the company's long-term financial strategy. He is responsible for managing a multimillion-dollar budget, implementing robust financial controls, and ensuring compliance with regulatory and reporting requirements. Under Jake's leadership, Ballad Health has achieved significant improvements in profitability, cash flow, and overall financial health.

Career Progression

Prior to joining Ballad Health, Jake served as the Chief Financial Officer at River's Edge Hospital, where he successfully navigated the organization through a period of significant change and growth. He has also held leadership positions at Twin Cities Orthopedics and Vancouver Clinic, where he leveraged his expertise in operations management, strategic planning, and process optimization to drive sustainable improvements.

Jake's early career was marked by roles in the financial services industry, including positions at Wells Fargo and First National Bank, where he honed his skills in investment management and portfolio analysis.

Academic Background

Jake holds a Bachelor of Science in Finance from the University of Minnesota and a Master of Business Administration from the University of St. Thomas. He is a Certified Public Accountant (CPA) and has completed advanced training in healthcare finance and strategic management.

Areas of Expertise

• Financial planning and analysis

• Budgeting and resource allocation

• Revenue cycle management

• Capital investment strategies

• Merger and acquisition integration

• Performance management and reporting

• Operational excellence and process improvement

• Regulatory compliance and risk management

Professional Impact

Under Jake's leadership, River's Edge Hospital achieved a 20% increase in operating margins and a 15% reduction in days in accounts receivable. At Ballad Health, he has implemented data-driven decision-making processes and streamlined financial reporting, resulting in a 12% improvement in overall financial performance.

Jake is an active member of the Healthcare Financial Management Association (HFMA) and has served as a guest speaker at industry conferences, sharing his insights on best practices in healthcare finance and operations.

Conclusion

With his extensive experience, financial acumen, and strategic vision, Jake Halstenson is poised to continue driving transformative change in the healthcare industry. As Chief Financial Officer at Ballad Health, he is committed to optimizing financial performance, fostering innovation, and positioning the organization for long-term success.