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Tom Litaker

Professional Summary



Professional Overview


Tom Litaker is a seasoned finance executive with over 30 years of experience in the healthcare industry. As the Chief Financial Officer at Skagit Regional Health, he leverages his deep expertise in financial management, strategic planning, and operational optimization to drive organizational growth and profitability.

Experience Summary



Current Role


As the Chief Financial Officer at Skagit Regional Health, Tom is responsible for overseeing all financial operations, including budgeting, forecasting, reporting, and risk management. He plays a critical role in aligning the organization's financial strategies with its long-term goals, ensuring optimal resource allocation and sustainable growth. Under his leadership, Skagit Regional Health has achieved consistent financial improvements, including a 12% increase in operating margins over the past three years.

Career Progression


Prior to joining Skagit Regional Health, Tom served as the Corporate Controller at MultiCare Health System, where he was instrumental in implementing robust financial controls and streamlining accounting processes. During his 12-year tenure, he played a key role in the organization's expansion, helping to facilitate the acquisition of several regional healthcare providers and drive a 15% increase in revenue.

Academic Background


Tom holds a Bachelor of Science in Accounting from the University of Washington, where he graduated with honors. He is also a Certified Public Accountant (CPA) and has completed several executive leadership programs, further enhancing his strategic and operational expertise.

Areas of Expertise


  • Financial management and reporting

  • Strategic planning and budgeting

  • Healthcare industry regulations and compliance

  • Mergers and acquisitions

  • Process optimization and cost management

  • Performance management and data-driven decision making


Professional Impact


Throughout his career, Tom has been recognized for his contributions to the healthcare industry. He has served on the board of directors for the Washington Healthcare Financial Management Association and has been a guest speaker at various industry conferences, sharing his insights on best practices in financial management and healthcare operations.

Conclusion


With his extensive experience, strong leadership skills, and proven track record of success, Tom Litaker is a valuable asset to Skagit Regional Health. As the Chief Financial Officer, he is poised to continue driving the organization's financial growth and operational excellence, while contributing to the overall advancement of the healthcare industry.