Stephen Scannell, CPA
Chief Investment Officer, Baptist Health System KY & IN
Professional Overview
Stephen Scannell is an accomplished finance and investment management executive with over 40 years of experience in the healthcare industry. As the Chief Investment Officer at Baptist Health System KY & IN, he oversees the strategic investment portfolio and directs the organization's finance operations to drive sustainable growth and optimize financial performance.
Experience Summary
Current Role
As Chief Investment Officer at Baptist Health System KY & IN, Stephen is responsible for managing the organization's investment portfolio, valued at over $1.2 billion. He collaborates closely with the executive leadership team to develop and implement investment strategies aligned with the system's long-term financial goals. Under his guidance, the investment portfolio has achieved an annualized return of 8.5% over the past 5 years, outperforming industry benchmarks. Stephen also serves as the Vice President of Finance, overseeing the day-to-day financial operations and ensuring the system's financial stability and compliance.
Career Progression
Prior to his current role, Stephen held several senior-level finance positions, including Chief Financial Officer at McLaren Bay Region and McLaren Northern Michigan, as well as Vice President of Finance/Associate Chief Financial Officer at Jewish Hospital & St. Mary's HealthCare. He has a proven track record of driving financial optimization, improving operational efficiency, and implementing strategic initiatives that have positively impacted the organizations he has served.
Academic Background
Stephen holds a Bachelor of Science degree in Accounting from Indiana University and is a Certified Public Accountant (CPA). He has completed executive leadership programs at Harvard Business School and the University of Michigan's Ross School of Business, further enhancing his strategic decision-making and leadership capabilities.
Areas of Expertise
- Investment portfolio management and optimization
- Healthcare financial operations and reporting
- Strategic financial planning and budgeting
- Mergers, acquisitions, and integration
- Financial risk mitigation and compliance
Professional Impact
During his tenure at Baptist Health System KY & IN, Stephen has played a pivotal role in positioning the organization as a regional leader in financial performance and investment management. He has spearheaded the implementation of advanced analytics and data-driven decision-making processes, enabling the system to make more informed strategic investments and enhance its competitive edge. Stephen's expertise and innovative approach have been recognized by industry peers, and he is frequently invited to speak at healthcare finance conferences and events.
Conclusion
With his extensive experience, strong financial acumen, and strategic mindset, Stephen Scannell is a highly respected leader in the healthcare finance and investment management field. As the Chief Investment Officer of Baptist Health System KY & IN, he continues to drive the organization's financial success and position it for long-term sustainable growth.
