Richard Carrico, CPA

Chief Financial Officer

Professional Overview
Richard Carrico is an accomplished finance executive with over 30 years of experience in the healthcare industry. As the Chief Financial Officer at Baptist Health System KY & IN, he is responsible for leading the organization's financial strategy, reporting, and operational oversight. With a strong background in financial management, cost optimization, and business transformation, Richard has a proven track record of driving sustainable growth and operational excellence.

Experience Summary

Current Role
As the Chief Financial Officer at Baptist Health System KY & IN, Richard is responsible for overseeing all financial aspects of the organization, including budgeting, forecasting, and financial reporting. He works closely with the executive team to identify and implement cost-saving initiatives, optimize resource allocation, and ensure the organization's financial health and stability. Under his leadership, Baptist Health System KY & IN has achieved significant improvements in financial performance and operational efficiency.

Career Progression
Prior to his current role, Richard served as the Executive Vice President & CFO at WakeMed, where he successfully navigated the organization through a period of rapid growth and expansion. He has also held senior finance positions at Greater Hudson Valley Health System, Springstone, Inc., and Norton Healthcare, where he demonstrated his ability to drive financial transformation and operational improvements.

Throughout his career, Richard has been recognized for his strategic vision, analytical expertise, and ability to translate financial data into actionable insights. He has led numerous initiatives to enhance financial reporting, implement modern technology solutions, and foster a culture of financial discipline and accountability.

Academic Background
Richard holds a Bachelor of Science degree in Accounting from the University of Kentucky. He is a Certified Public Accountant (CPA) and has completed additional executive education programs at leading institutions.

Areas of Expertise

• Financial management and reporting

• Cost optimization and budget management

• Business transformation and strategic planning

• Healthcare industry knowledge and regulatory compliance

• Mergers, acquisitions, and integration

• Talent development and team leadership

Professional Impact
During his tenure at WakeMed, Richard played a pivotal role in the organization's successful expansion, leading to a significant increase in revenue and profitability. He has also been actively involved in industry associations and has contributed to various publications and presentations, sharing his expertise and insights with healthcare finance professionals.

Conclusion
With his extensive experience, strategic acumen, and commitment to excellence, Richard Carrico is a valuable asset to Baptist Health System KY & IN. As the Chief Financial Officer, he will continue to drive financial and operational improvements, ensuring the organization's long-term sustainability and growth.