Richard Stys

Senior Vice President, Finance and Treasurer

Professional Overview
Richard Stys is a seasoned finance executive with over 15 years of experience in the healthcare industry. As the Senior Vice President, Finance and Treasurer at Hartford HealthCare, he oversees the organization's financial operations, treasury management, and strategic investment initiatives.

Experience Summary

Current Role
Since 2009, Richard has served as the Senior Vice President, Finance and Treasurer at Hartford HealthCare, a leading regional healthcare system in Connecticut. In this role, he is responsible for managing the organization's $2 billion annual budget, optimizing its capital structure, and overseeing investment strategies to support long-term growth. Under his leadership, Hartford HealthCare has achieved significant improvements in financial performance, securing favorable credit ratings and expanding its access to capital markets.

Career Progression
Prior to joining Hartford HealthCare, Richard held various leadership positions in the finance and advisory sectors. He served as a Managing Director and Principal at Fairmount Capital Advisors, where he provided strategic financial guidance to healthcare organizations. Earlier in his career, he was the Associate National Director of Healthcare at Tatum, LLC, where he leveraged his expertise to advise clients on complex financial and operational challenges.

Academic Background
Richard holds a Master of Business Administration (MBA) from the University of Pennsylvania's Wharton School, where he specialized in Finance and Healthcare Management. He also earned a Bachelor of Science (BS) in Accounting from the University of Connecticut, graduating with high distinction.

Areas of Expertise

• Healthcare finance and treasury management

• Strategic capital planning and investment

• Financial risk management and regulatory compliance

• Mergers, acquisitions, and integration

• Financial reporting and performance optimization

Professional Impact
During his tenure at Hartford HealthCare, Richard has played a pivotal role in the organization's financial transformation. He has led the implementation of innovative financing strategies, including the successful execution of a $500 million bond offering to fund critical infrastructure projects. Additionally, he has spearheaded initiatives to enhance the system's cash management practices, resulting in improved liquidity and investment returns.

Richard's expertise and leadership have also been recognized beyond Hartford HealthCare. He serves on the Finance Committee of the Connecticut Hospital Association and is a frequent speaker at industry conferences, sharing his insights on emerging trends and best practices in healthcare finance.

Conclusion
With his exceptional track record of financial leadership and strategic vision, Richard Stys is a valuable asset to Hartford HealthCare. His dedication to driving sustainable growth and creating long-term value for the organization and its stakeholders positions him as a respected and influential figure in the healthcare finance industry.