RM

Rick Mahalingam

Rick Mahalingam, CPA


Regional CFO at Prime Healthcare Services

Professional Overview


Rick Mahalingam is an accomplished finance executive with over 15 years of experience in the healthcare industry. As the Regional CFO at Prime Healthcare Services, he oversees the financial operations and strategic planning for multiple hospital facilities across California. Mahalingam's expertise spans financial reporting, budgeting, cash flow management, and strategic leadership, making him a valuable asset to his organization.

Experience Summary



Current Role


Mahalingam currently serves as the Regional CFO at Prime Healthcare Services, a role he has held since 2019. In this position, he is responsible for managing the financial operations of several hospital facilities in the Ontario, California region. His key achievements include:

  • Spearheaded the implementation of a new enterprise resource planning (ERP) system, resulting in a 25% improvement in financial reporting efficiency.

  • Developed and executed a comprehensive cost-savings initiative that generated $3.2 million in annualized savings for the regional operations.

  • Collaborated with hospital leadership to secure $8.4 million in grant funding to support the expansion of critical care services.


Career Progression


Prior to his current role, Mahalingam held the position of Corporate Controller at Prime Healthcare Services from 2014 to 2019. In this role, he was instrumental in streamlining the company's financial reporting processes and improving overall financial controls. Earlier in his career, he served as a Senior Accountant at a leading healthcare consulting firm, where he gained valuable experience in financial analysis and strategic planning for hospital systems.

Academic Background


Mahalingam holds a Bachelor of Science degree in Accounting from the University of California, Riverside. He is also a Certified Public Accountant (CPA) and has completed executive leadership training programs at the Harvard Business School.

Areas of Expertise


  • Financial reporting and analysis

  • Budgeting and forecasting

  • Cash flow management

  • Strategic financial planning

  • Healthcare financial operations

  • ERP system implementation

  • Cost optimization and savings initiatives


Professional Impact


Mahalingam's leadership and financial expertise have been instrumental in driving the success of Prime Healthcare Services' regional operations. He has played a pivotal role in improving financial performance, securing critical funding, and implementing technology solutions to enhance operational efficiency. His contributions have earned him recognition as a trusted financial strategist within the healthcare industry.

Conclusion


With his extensive experience, strong technical skills, and strategic mindset, Rick Mahalingam continues to be a valuable asset to Prime Healthcare Services. As the Regional CFO, he is committed to leveraging his expertise to support the organization's growth and financial sustainability, while contributing to the overall well-being of the communities it serves.