Professional Summary
Professional Overview
Joe Delenick is an accomplished finance executive with over 15 years of experience in the healthcare industry. As the Director of Finance at Suburban Hospital, he is responsible for overseeing the hospital's financial operations, including budgeting, forecasting, and financial reporting. Delenick's expertise spans financial management, strategic planning, and regulatory compliance, making him a valuable asset to the healthcare organizations he serves.
Experience Summary
Current Role
As the Director of Finance at Suburban Hospital since March 2024, Delenick is responsible for managing the hospital's financial operations and strategies. He oversees the development and implementation of budgets, financial forecasts, and reporting processes to ensure the hospital's financial stability and growth. Delenick also plays a key role in aligning the hospital's financial objectives with its strategic priorities, contributing to the organization's overall success.
Career Progression
Prior to his current role, Delenick served as the Director of Finance at Frederick Health from 2021 to 2024, where he led the finance team in optimizing the organization's financial performance and implementing cost-saving initiatives. Before that, he held the position of Deputy Director of Hospital Rate Regulation at the Maryland Health Services Cost Review Commission, where he gained valuable experience in the regulatory aspects of the healthcare industry.
Delenick's career also includes roles as a Business Intelligence Manager at Mercy Medical Center, a Project Manager at Frederick Health, and a Contracts Manager at Northrop Grumman. His diverse background, coupled with his strong analytical and problem-solving skills, has equipped him with a comprehensive understanding of the healthcare finance landscape.
Academic Background
Delenick holds a Master of Business Administration (MBA) degree from the University of Maryland, where he specialized in Finance and Accounting. He also earned a Bachelor of Science (BS) degree in Business Administration from Towson University.
Areas of Expertise
- Financial management and strategic planning
- Healthcare regulatory compliance and reimbursement
- Budget development and forecasting
- Financial reporting and data analysis
- Project management and process optimization
- Leadership and team management
Professional Impact
Throughout his career, Delenick has demonstrated a track record of driving financial improvements and strategic initiatives. At Frederick Health, he successfully implemented cost-saving measures that resulted in a 5% reduction in annual operating expenses. As the Deputy Director of Hospital Rate Regulation, he played a crucial role in shaping the state's hospital reimbursement policies, contributing to the overall sustainability of the healthcare system.
Conclusion
With his extensive experience in healthcare finance, Delenick is well-positioned to continue driving Suburban Hospital's financial success and contributing to the betterment of the healthcare industry. His deep understanding of the regulatory landscape, coupled with his strategic leadership and analytical acumen, make him a valuable asset to the organizations he serves.
