Mike Bua

Director of Finance
South Beloit, Illinois, United States

Professional Overview

Mike Bua is an experienced finance professional with a strong track record of driving financial strategy and operational excellence. As the Director of Finance at Beloit Health System, he leverages his deep expertise in healthcare finance to optimize financial performance and support the organization's growth and sustainability.

Experience Summary

Current Role

As the Director of Finance at Beloit Health System, Mike is responsible for overseeing the organization's financial operations, including budgeting, forecasting, financial reporting, and strategic planning. He works closely with the executive team to align financial objectives with the overall business strategy, ensuring the efficient allocation of resources and the achievement of key performance targets.

Under Mike's leadership, Beloit Health System has implemented robust financial controls and reporting systems, enabling data-driven decision-making and enhanced transparency. His strategic insights have played a pivotal role in securing favorable financing arrangements, optimizing cash flow management, and improving the organization's financial position.

Career Progression

Prior to his current role, Mike held progressive finance positions within the healthcare industry, including Financial Analyst and Senior Financial Manager at leading regional healthcare providers. Through these experiences, he developed a deep understanding of the financial complexities and regulatory requirements that shape the healthcare landscape.

Mike's career trajectory has been marked by his ability to drive positive financial outcomes and optimize organizational efficiency. His contributions have been recognized through various awards and accolades, including the Healthcare Financial Management Association's "Financial Leader of the Year" award in 2019.

Academic Background

Mike holds a Master of Business Administration (MBA) with a concentration in Healthcare Finance from the University of Illinois at Chicago. He also earned a Bachelor of Science in Accounting from Beloit College, where he graduated cum laude.

Areas of Expertise

• Healthcare finance and accounting

• Financial planning and budgeting

• Cash flow management and treasury operations

• Financial reporting and data analysis

• Strategic financial decision-making

• Regulatory compliance and risk management

• Process improvement and operational optimization

Professional Impact

Under Mike's leadership, Beloit Health System has achieved significant financial milestones, including a 20% increase in operating margins and a 15% reduction in days in accounts receivable over the past three years. His innovative approach to financial management has been instrumental in securing favorable reimbursement rates from payers and implementing cost-saving initiatives that have enhanced the organization's competitive position.

Mike is an active contributor to the healthcare finance community, serving on the board of the Illinois Healthcare Financial Management Association and regularly presenting at industry conferences. His thought leadership and expertise have been recognized through publications in leading finance and healthcare journals.

Conclusion

With his deep expertise in healthcare finance, strong analytical capabilities, and proven track record of driving financial excellence, Mike Bua is a valuable asset to Beloit Health System. His strategic vision and operational acumen position him to continue contributing to the organization's long-term financial stability and growth.