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Michael Craig

Michael Craig


Chief Financial Officer



Professional Overview
Michael Craig is an accomplished finance executive with over 25 years of experience in the healthcare industry. As the Chief Financial Officer of IU Health Bloomington Hospital, he oversees all financial operations and strategic planning for the organization, contributing to its continued growth and stability.

Experience Summary

Current Role
As Chief Financial Officer at IU Health Bloomington Hospital since 2014, Michael is responsible for managing the hospital's financial strategy, budgeting, reporting, and compliance. Under his leadership, the hospital has achieved consistent profitability and implemented innovative cost-saving initiatives, positioning it as a financial leader within the IU Health system.

Career Progression
Prior to his current role, Michael served as the Chief Financial Officer at IU Health Southern Indiana Physicians, where he played a pivotal role in streamlining operations and improving financial performance. He also held the position of Director of Reimbursement and Financial Planning at IU Health Bloomington Hospital, where he gained in-depth expertise in healthcare finance and reimbursement. Earlier in his career, Michael was a Partner at Geo. S. Olive & Company and a Shareholder/Director at Kimmerling, Myers & Co., Inc., providing him with a well-rounded background in public accounting and financial consulting.

Academic Background
Michael holds a Bachelor's degree in Accounting from Indiana University Bloomington, where he graduated with distinction. His specialized financial expertise and commitment to professional development have earned him a reputation as a trusted leader in the healthcare finance community.

Areas of Expertise
  • Healthcare financial management and reporting

  • Strategic planning and budgeting

  • Reimbursement and revenue cycle optimization

  • Financial risk management and compliance

  • Merger and acquisition integration

  • Performance improvement and cost-saving initiatives


Professional Impact
During his tenure as CFO, Michael has led the implementation of several key initiatives that have significantly improved the hospital's financial performance. He spearheaded the development of a robust financial planning and analysis framework, enabling the organization to make data-driven decisions and achieve greater operational efficiency. Additionally, Michael has played a crucial role in securing funding for major capital projects, ensuring the hospital's infrastructure remains state-of-the-art and able to meet the evolving healthcare needs of the community.

Conclusion
With his extensive experience, strategic acumen, and commitment to financial excellence, Michael Craig is a valuable asset to IU Health Bloomington Hospital. As he continues to drive the organization's financial strategy and operational improvements, he remains focused on positioning the hospital for long-term sustainability and growth within the competitive healthcare landscape.