Professional Summary
Professional Overview
Joyce Stafford is a seasoned finance professional with over 25 years of experience in the healthcare industry. As the Director of Finance at Sentara Healthcare, she oversees all financial operations, strategic planning, and risk management for the organization.
Experience Summary
Current Role
As the Director of Finance at Sentara Healthcare, Joyce is responsible for managing a team of 20 finance professionals and overseeing a budget of $1.2 billion. In this role, she has implemented several cost-saving initiatives that have resulted in $5 million in annual savings, while also improving financial reporting and forecasting processes. Under her leadership, Sentara Healthcare has maintained a strong financial position, earning an "AA" credit rating from S&P.
Career Progression
Prior to her current role, Joyce held various finance positions at Bon Secours Health System, where she advanced from a Financial Analyst to the Assistant Controller over the course of 10 years. During her tenure, she played a key role in the integration of two hospital systems, leading the consolidation of financial systems and processes, which resulted in $3 million in annual savings.
Academic Background
Joyce holds a Bachelor of Science in Accounting from the University of Virginia and a Master of Business Administration from the University of Richmond. She is a Certified Public Accountant (CPA) and has completed additional executive leadership training at Harvard Business School.
Areas of Expertise
- Financial planning and analysis
- Budgeting and forecasting
- Risk management and internal controls
- Healthcare industry regulations and compliance
- Mergers and acquisitions integration
- Team leadership and strategic decision-making
Professional Impact
Under Joyce's leadership, Sentara Healthcare has maintained a strong financial position, even during challenging economic conditions. She has played a pivotal role in identifying and implementing cost-saving initiatives, while also streamlining financial reporting and improving operational efficiency. Her contributions have been recognized through several industry awards, including the Healthcare Financial Management Association's (HFMA) "CFO of the Year" award in 2018.
Conclusion
With her exceptional financial acumen, strategic vision, and proven track record of success, Joyce Stafford is a highly respected finance leader in the healthcare industry. She is committed to driving continued growth and financial stability at Sentara Healthcare, while also mentoring and developing the next generation of finance professionals.
