Larry Farnand, CFO
Professional Overview
Larry Farnand is an experienced Chief Financial Officer (CFO) with a strong track record of driving financial success and operational efficiency in the healthcare industry. He currently serves as the CFO of Finger Lakes Health, where he leverages his expertise in financial management, strategic planning, and regulatory compliance to support the organization's growth and profitability.
Experience Summary
Current Role
As the CFO of Finger Lakes Health, Larry is responsible for overseeing the organization's financial operations, including budgeting, forecasting, and financial reporting. He plays a crucial role in developing and implementing financial strategies that align with the organization's overall business objectives. Under Larry's leadership, Finger Lakes Health has achieved significant cost savings and improved financial performance, contributing to the organization's ability to deliver high-quality healthcare services to the local community.
Career Progression
Prior to joining Finger Lakes Health, Larry held various financial leadership roles within the healthcare industry. He served as the CFO for a regional hospital network, where he played a pivotal role in streamlining financial processes, improving cash flow management, and ensuring regulatory compliance. Earlier in his career, Larry worked as a Senior Financial Analyst for a national healthcare provider, honing his skills in financial analysis, decision support, and strategic planning.
Academic Background
Larry holds a Bachelor of Science in Accounting from the University of Rochester and a Master of Business Administration (MBA) from the Simon Business School at the University of Rochester. He is a Certified Public Accountant (CPA) and has completed additional training in healthcare finance and strategic management.
Areas of Expertise
- Financial management and strategic planning
- Budgeting, forecasting, and financial reporting
- Healthcare industry regulations and compliance
- Process improvement and operational efficiency
- Risk management and internal controls
- Leadership and team development
Professional Impact
During his tenure as CFO, Larry has successfully implemented several initiatives that have had a significant impact on Finger Lakes Health's financial performance. He led the organization's transition to a new enterprise resource planning (ERP) system, which has improved data accuracy and streamlined financial reporting. Additionally, Larry played a key role in securing funding for a major infrastructure upgrade project, ensuring the organization's facilities and equipment remained up-to-date and capable of supporting the delivery of high-quality healthcare services.
Conclusion
With his extensive experience in the healthcare industry and proven expertise in financial management, Larry Farnand is a valuable asset to Finger Lakes Health. As the CFO, he continues to drive financial stability, operational efficiency, and strategic growth, positioning the organization for long-term success in the rapidly evolving healthcare landscape.
