Richard Crater is an experienced Chief Financial Officer with a strong track record of driving financial performance and strategic growth. He currently serves as the Chief Financial Officer at NYU Langone Medical Center, where he oversees all financial operations and plays a pivotal role in shaping the organization's long-term financial strategy.
Current Role
As the Chief Financial Officer at NYU Langone Medical Center, Richard is responsible for managing the organization's financial planning, budgeting, and reporting processes. He works closely with the executive team to align financial initiatives with the overall business objectives, ensuring the efficient allocation of resources and the achievement of profitability targets. Under Richard's leadership, the finance department has implemented robust cost-control measures and improved financial reporting, contributing to the organization's continued success.
Career Progression
Richard has over a decade of experience in senior finance roles, having worked his way up through the ranks of various organizations. Prior to his current position, he served as the Vice President of Finance at a leading healthcare system, where he played a pivotal role in driving operational efficiency and improving financial performance. Earlier in his career, Richard held finance positions in the manufacturing and technology sectors, gaining a diverse set of experiences that have informed his approach to financial management.
Academic Background
Richard holds a Bachelor of Science in Accounting from the University of Massachusetts Amherst. He is a Certified Public Accountant (CPA) and has completed executive education programs in strategic financial management and healthcare finance from prestigious institutions.
Areas of Expertise
- Financial planning and analysis
- Budgeting and forecasting
- Treasury management
- Reporting and compliance
- Strategic financial decision-making
- Healthcare finance and reimbursement
- Business process optimization
Professional Impact
Under Richard's leadership, NYU Langone Medical Center has consistently achieved its financial targets, with the organization reporting record-breaking profits in the last three fiscal years. He has spearheaded the implementation of data-driven analytics to improve resource allocation and identify cost-saving opportunities, resulting in significant operational efficiencies. Richard's expertise in healthcare finance has also been instrumental in navigating the complex regulatory landscape and ensuring the organization's compliance with industry regulations.
Conclusion
With his extensive finance expertise, strategic mindset, and proven track record of success, Richard Crater is well-positioned to continue driving financial excellence and supporting the long-term growth and sustainability of NYU Langone Medical Center. His collaborative approach and focus on aligning financial strategies with organizational goals make him a valuable asset to the leadership team.
