Susan Nelson
Executive Vice President and Chief Financial Officer
Columbia, Maryland, United States
Professional Overview
Susan Nelson is an accomplished finance executive with extensive experience in the healthcare industry. As the Executive Vice President and Chief Financial Officer of MedStar Health, she is responsible for overseeing the organization's financial strategy, operations, and reporting. With a strong background in financial management, strategic planning, and operational optimization, Susan plays a pivotal role in driving the company's financial performance and supporting its growth initiatives.
Experience Summary
Current Role
As the Executive Vice President and Chief Financial Officer at MedStar Health, Susan is responsible for leading the organization's financial planning, budgeting, and forecasting processes. She oversees the company's accounting, treasury, and revenue cycle functions, ensuring accurate and timely financial reporting. Under her leadership, MedStar Health has achieved consistent financial stability and improved its credit ratings. Susan also plays a key role in strategic decision-making, partnering with the executive team to identify and implement initiatives that enhance operational efficiency and drive sustainable growth.
Career Progression
Prior to joining MedStar Health in 2017, Susan served as the Chief Financial Officer for a large regional healthcare system, where she spearheaded the implementation of a new enterprise resource planning (ERP) system and streamlined financial processes to improve overall operational performance. She has also held leadership positions in financial planning and analysis at several prominent healthcare organizations, gaining valuable experience in financial reporting, budgeting, and financial risk management.
Academic Background
Susan holds a Bachelor of Science degree in Accounting from the University of Maryland and a Master of Business Administration from the University of Baltimore. She is a Certified Public Accountant (CPA) and a member of the American Institute of CPAs (AICPA) and the Healthcare Financial Management Association (HFMA).
Areas of Expertise
- Financial management and reporting
- Strategic financial planning and analysis
- Healthcare industry regulations and compliance
- Operational efficiency and cost optimization
- Enterprise-wide risk management
- Organizational leadership and change management
Professional Impact
Under Susan's financial leadership, MedStar Health has consistently outperformed industry benchmarks, achieving strong financial results and improving its credit ratings. She has spearheaded initiatives to enhance the organization's revenue cycle management, resulting in improved cash flow and reduced days in accounts receivable. Additionally, Susan has played a key role in the development and execution of MedStar Health's long-term strategic plan, ensuring the organization's financial resilience and positioning it for continued growth in the evolving healthcare landscape.
Conclusion
With her exceptional financial acumen, strategic vision, and proven track record of success, Susan Nelson is a respected leader in the healthcare industry. As the Executive Vice President and Chief Financial Officer of MedStar Health, she continues to drive financial excellence and support the organization's mission of delivering high-quality, innovative healthcare services to the communities it serves.
