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Tom Litaker

Professional Summary



Professional Overview


Tom Litaker is an accomplished financial executive with over 30 years of experience in the healthcare industry. As the Chief Financial Officer at Skagit Regional Health, he oversees all financial operations and strategic planning for the organization, helping to drive sustainable growth and operational efficiency.

Experience Summary



Current Role


As the Chief Financial Officer at Skagit Regional Health, Tom is responsible for leading the organization's financial strategy, reporting, and risk management initiatives. He manages a team of finance professionals and works closely with the executive leadership to ensure the organization's financial stability and long-term viability. Under Tom's financial stewardship, Skagit Regional Health has consistently achieved strong financial performance, maintaining a healthy balance sheet and optimizing resource allocation to support the delivery of high-quality patient care.

Career Progression


Prior to his current role, Tom served as the Corporate Controller at MultiCare Health System, a large healthcare network in the Pacific Northwest. In this position, he was instrumental in implementing robust financial controls, streamlining reporting processes, and driving cost-saving initiatives that contributed to the organization's overall profitability. Tom's exceptional financial and operational expertise, combined with his deep understanding of the healthcare industry, have been invaluable in shaping his successful career progression.

Academic Background


Tom holds a Bachelor of Science in Accounting from the University of Washington, where he graduated with distinction. He is a Certified Public Accountant (CPA) and maintains active memberships in several professional organizations, including the American Institute of CPAs (AICPA) and the Healthcare Financial Management Association (HFMA).

Areas of Expertise


  • Financial planning, budgeting, and forecasting

  • Healthcare financial management and regulatory compliance

  • Mergers, acquisitions, and integration strategies

  • Enterprise risk management and internal controls

  • Strategic decision-making and organizational transformation

  • Team leadership and performance management


Professional Impact


Throughout his career, Tom has consistently demonstrated his ability to drive financial and operational excellence within the healthcare industry. He has led successful initiatives to optimize revenue cycle management, streamline procurement processes, and enhance financial reporting capabilities, resulting in significant cost savings and improved financial performance for the organizations he has served. Tom's strategic vision, analytical prowess, and collaborative leadership style have made him a respected and influential figure in the healthcare finance community.

Conclusion


With his deep industry expertise, proven track record of financial stewardship, and commitment to driving organizational success, Tom Litaker is a valuable asset to Skagit Regional Health. As the Chief Financial Officer, he continues to play a pivotal role in guiding the organization's financial strategy and contributing to its long-term sustainability and growth.