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Michael Herron

Michael Herron, Chief Financial Officer



Professional Overview



Michael Herron is an experienced Chief Financial Officer with a proven track record of driving financial strategy and performance optimization within the healthcare industry. Leveraging his expertise in financial planning, reporting, and risk management, he has played a pivotal role in enhancing the operational efficiency and profitability of leading healthcare organizations.

Experience Summary



Current Role


As the Chief Financial Officer at St. Mark's Hospital since 2014, Michael is responsible for overseeing all financial operations, including budgeting, forecasting, and capital allocation. Under his financial leadership, St. Mark's Hospital has achieved consistent revenue growth and improved profitability, with a 15% increase in operating margins over the past three years.

Career Progression


Prior to his current role, Michael served as the Chief Financial Officer at MountainView Hospital and Southern Hills Hospital and Medical Center, where he spearheaded initiatives that resulted in significant cost savings and enhanced financial reporting capabilities. During his tenure at Southern Hills Hospital and Medical Center, Michael led the successful implementation of a new enterprise resource planning (ERP) system, streamlining financial processes and improving data-driven decision making.

Earlier in his career, Michael held the position of Accounting Controller at St. Mark's Hospital and Southern Hills Hospital and Medical Center, where he honed his expertise in financial accounting, internal controls, and regulatory compliance.

Academic Background


Michael holds a Master of Business Administration (MBA) degree from the University of Utah, with a concentration in Finance. He also earned a Bachelor of Science (BS) degree in Accounting from Brigham Young University, where he graduated with magna cum laude honors.

Areas of Expertise


  • Financial planning and analysis

  • Budgeting and forecasting

  • Revenue cycle management

  • Risk management and compliance

  • Process improvement and automation

  • Strategic decision-making

  • Leadership and team development


Professional Impact


During his tenure as Chief Financial Officer, Michael has played a key role in driving financial performance and operational excellence at the healthcare organizations he has served. His strategic initiatives have resulted in significant cost savings, improved cash flow, and enhanced overall financial stability. Michael's industry expertise and collaborative leadership style have earned him recognition as a trusted financial advisor and a valuable member of the executive team.

Conclusion


With his extensive experience, strong financial acumen, and proven track record of success, Michael Herron is well-positioned to continue guiding healthcare organizations towards sustainable growth and profitability. As he progresses in his career, Michael remains dedicated to leveraging his expertise to create lasting value for his employers and the patients they serve.