Professional Summary

Professional Overview

Steve Gilgen is an accomplished Chief Financial Officer with extensive experience in the healthcare industry. He leverages his deep financial expertise and strategic business acumen to drive financial performance and operational excellence at Nantucket Cottage Hospital.

Current Role

As the Chief Financial Officer at Nantucket Cottage Hospital since 2016, Steve is responsible for overseeing all financial functions, including budgeting, forecasting, cash management, and financial reporting. He plays a pivotal role in aligning the organization's financial strategy with its broader objectives, ensuring the efficient allocation of resources and the implementation of cost-effective initiatives. Under his leadership, the hospital has achieved significant improvements in financial stability and profitability.

Career Progression

Prior to joining Nantucket Cottage Hospital, Steve held various finance leadership roles within the healthcare sector, accumulating over 15 years of industry experience. His previous positions include Finance Manager at Boston Medical Center and Senior Financial Analyst at Massachusetts General Hospital. Throughout his career, Steve has demonstrated a consistent track record of driving operational efficiencies, implementing financial controls, and contributing to the overall strategic direction of the organizations he has served.

Academic Background

Steve holds a Bachelor of Science in Accounting from the University of Massachusetts Amherst and a Master of Business Administration from Boston College. He is a Certified Public Accountant (CPA) and has completed additional coursework in healthcare finance and strategic management.

Areas of Expertise

• Financial planning and analysis

• Budget development and management

• Cash flow optimization and working capital management

• Financial reporting and regulatory compliance

• Cost control and revenue enhancement strategies

• Healthcare industry financial best practices

• Strategic decision-making and business partnering

Professional Impact

Under Steve's leadership, Nantucket Cottage Hospital has achieved a 12% improvement in its operating margin, while also enhancing its cash reserve position by 20%. He has been instrumental in the successful integration of a new electronic health records system, leading to streamlined financial processes and improved data-driven decision-making. Additionally, Steve has played a pivotal role in securing funding for critical infrastructure upgrades, ensuring the hospital's ability to provide high-quality care to the local community.

Conclusion

With his exceptional financial acumen, strategic mindset, and deep understanding of the healthcare industry, Steve Gilgen is a valuable asset to Nantucket Cottage Hospital. He is committed to driving sustainable financial performance and supporting the organization's mission to deliver exceptional patient care.