Richard Peters is a seasoned Chief Financial Officer with extensive experience in the healthcare industry. He possesses a proven track record of driving financial strategy and operational excellence, with a strong focus on the Medicaid and managed care markets. As the Chief Financial Officer for the Massachusetts Market at Molina Healthcare, Richard leverages his deep expertise to oversee financial planning, risk management, and strategic decision-making for the organization.
Experience Summary
Current Role
As the Chief Financial Officer for the Massachusetts Market at Molina Healthcare, Richard is responsible for leading the organization's financial strategy and operations. He oversees budgeting, forecasting, and reporting processes, ensuring financial integrity and alignment with the company's strategic objectives. Richard's data-driven approach and collaborative leadership have been instrumental in driving cost optimization, revenue growth, and operational efficiency within the Massachusetts market.
Career Progression
Prior to his current role, Richard held various senior financial and operational positions within the healthcare industry. He served as the Chief Financial Officer for the New York Market at UnitedHealthcare Community & State, where he played a pivotal role in improving financial performance and enhancing provider relationships. Earlier in his career, Richard held roles in medical economics, provider reimbursement, and quality data management at Fidelis Care New York and HealthCare Partners, IPA & MSO. This diverse background has equipped him with a comprehensive understanding of the complex financial and operational challenges faced by healthcare organizations.
Academic Background
Richard holds a Bachelor's degree in Accounting from Baruch College, City University of New York. He is a dedicated professional committed to continuous learning and development, leveraging his strong analytical and problem-solving skills to drive strategic decision-making.
Areas of Expertise
- Financial planning and analysis
- Risk management and regulatory compliance
- Managed care and Medicaid program administration
- Provider contracting and reimbursement
- Data-driven decision-making and performance optimization
- Cross-functional collaboration and team leadership
Professional Impact
Throughout his career, Richard has demonstrated a commitment to driving positive change and delivering measurable results. At UnitedHealthcare Community & State, he implemented data-driven initiatives that led to a 12% improvement in the organization's medical cost ratio within the New York market. During his tenure at Fidelis Care New York, Richard spearheaded the development of a robust provider reimbursement model, enhancing financial transparency and strengthening provider relationships.
Conclusion
With his wealth of experience, strategic mindset, and unwavering dedication to the healthcare industry, Richard Peters is poised to continue making a significant impact as the Chief Financial Officer for the Massachusetts Market at Molina Healthcare. His ability to navigate complex financial and operational challenges, combined with his collaborative leadership style, positions him as a valuable asset in driving the organization's growth and success.
