Therese Day is a seasoned financial executive with over 20 years of experience in the healthcare industry. As the Chief Financial Officer (CFO) at UMass Memorial Medical Center, she is responsible for overseeing the organization's financial operations, strategic planning, and risk management initiatives. Therese is renowned for her expertise in financial management, process optimization, and driving organizational transformation.
Experience Summary
Current Role
As the CFO of UMass Memorial Medical Center, Therese Day is a key member of the executive leadership team, responsible for the financial health and strategic direction of the organization. In this role, she oversees a diverse portfolio of financial functions, including budgeting, forecasting, accounting, and financial reporting. Therese has been instrumental in implementing robust cost-containment measures, improving revenue cycle management, and enhancing financial transparency, all of which have contributed to the medical center's improved financial performance and sustainability.
Career Progression
Prior to her current role, Therese held various senior-level finance positions within the healthcare industry, including serving as the CFO at Baystate Health System and the Controller at Boston Medical Center. Throughout her career, she has demonstrated a strong track record of driving operational efficiencies, optimizing financial processes, and leading successful financial turnarounds. Therese's depth of experience and strategic acumen have been invaluable in guiding her organizations through complex financial and operational challenges.
Academic Background
Therese Day holds a Master of Business Administration (MBA) degree from the University of Massachusetts Amherst and a Bachelor of Science (BS) in Accounting from Bentley University. She is a Certified Public Accountant (CPA) and has completed additional executive leadership programs at Harvard Business School.
Areas of Expertise
- Financial management and strategic planning
- Revenue cycle optimization and cost containment
- Enterprise risk management and compliance
- Process improvement and organizational transformation
- Healthcare industry regulations and reimbursement models
- Leadership and team building
Professional Impact
During her tenure as CFO at UMass Memorial Medical Center, Therese has played a pivotal role in driving the organization's financial turnaround. She led the implementation of a comprehensive cost-reduction initiative that resulted in annual savings of over $50 million, while also spearheading the development of a long-term financial strategy that has positioned the medical center for sustained growth and profitability. Therese's expertise and strategic vision have been instrumental in helping UMass Memorial Medical Center navigate the evolving healthcare landscape and enhance its competitive position within the region.
Conclusion
Therese Day is a highly respected financial leader with a proven track record of success in the healthcare industry. Her exceptional technical skills, coupled with her strategic mindset and collaborative leadership style, make her a valuable asset to any organization seeking to optimize its financial operations and drive sustainable growth.
