ML

Michele Forgues Lackie

Professional Summary



Professional Overview


Michele Forgues-Lackie is a seasoned healthcare finance executive with over 15 years of experience in the industry. As the SVP/CFO at Valley Medical Center, she oversees the organization's financial operations and strategic planning, with a focus on driving cost optimization and revenue growth. Additionally, she serves as the Chief Contracting and Payer Relations Officer at UW Medicine, where she leads the negotiation and management of complex provider contracts and payer relationships.

Experience Summary



Current Roles


SVP/CFO, Valley Medical Center (2022-01-01 to Present)
  • Responsible for the overall financial management and strategic planning of a 321-bed acute care hospital and its affiliated clinics

  • Spearheaded the implementation of a new enterprise resource planning (ERP) system, resulting in a 20% increase in operational efficiency

  • Developed and executed a comprehensive revenue cycle management strategy, leading to a 12% reduction in days in accounts receivable


Chief Contracting and Payer Relations Officer, UW Medicine (2014-05-01 to Present)
  • Oversees the negotiation and management of provider contracts, ensuring alignment with organizational goals and maximizing reimbursement rates

  • Cultivated strong relationships with major insurance payers, securing favorable terms that contributed to a 15% increase in net patient revenue

  • Played a key role in the successful integration of a major healthcare system acquisition, streamlining contracting and payer integration processes


Career Progression


Director, Contracting and Payer Relations, UW Medicine (2010-10-01 to 2014-05-01)
  • Managed a team of contract specialists responsible for negotiating and maintaining provider contracts with over 50 payer organizations

  • Developed and implemented a comprehensive contract management system, leading to a 25% reduction in contract renewal cycle times


Director, Business Development, Valley Medical Center (2003-09-01 to 2010-10-01)
  • Spearheaded the development and launch of several new service lines, including a comprehensive stroke center and a bariatric surgery program

  • Secured over $8 million in grant funding to support the expansion of outpatient and community-based healthcare services


Academic Background


Michele holds a Bachelor of Science in Accounting from the University of Washington and a Master of Business Administration from Seattle University. She is a Certified Public Accountant (CPA) and a member of the Healthcare Financial Management Association (HFMA).

Areas of Expertise


  • Healthcare finance and strategic planning

  • Contract negotiation and payer relations

  • Revenue cycle optimization and cost management

  • Mergers and acquisitions integration

  • Business development and service line expansion


Professional Impact


  • Recognized as a thought leader in the industry, regularly speaking at national healthcare finance conferences

  • Served on the board of directors for the Washington State Hospital Association, contributing to the development of industry-wide best practices

  • Awarded the HFMA's "40 Under 40" recognition for her exceptional leadership and contributions to the healthcare finance field


Conclusion


With her deep understanding of healthcare finance, strategic vision, and demonstrated track record of driving operational and financial improvements, Michele Forgues-Lackie is poised to continue making a significant impact in the industry. Her commitment to excellence and innovative approach to problem-solving make her a valuable asset to any healthcare organization.