Tony Palazzo

Director of Finance, Physician Practices
Mobile, Alabama, United States

Professional Overview

Tony Palazzo is an accomplished finance executive with over 20 years of experience in the healthcare industry. As the Director of Finance for Physician Practices at Infirmary Health, he oversees the financial operations and strategic planning for a network of medical clinics. Palazzo's deep expertise in financial management, operational optimization, and data-driven decision-making has been instrumental in driving efficiency and profitability across the organization.

Experience Summary

Current Role

As the Director of Finance for Physician Practices at Infirmary Health, Palazzo is responsible for managing the financial operations, budgeting, and strategic planning for a diverse portfolio of physician practices. He has played a pivotal role in implementing streamlined processes, enhancing financial controls, and optimizing resource allocation, resulting in a 15% increase in practice profitability over the past three years. Palazzo's collaborative leadership style and data-driven approach have earned him the respect of his colleagues and contributed to Infirmary Health's reputation as a financially robust healthcare provider.

Career Progression

Prior to his current role, Palazzo held several executive positions in the healthcare industry, including Administrator at Urology Professional Association, Executive Director at Bienville Orthopaedics Specialists, and Chief Financial Officer at North Mississippi Medical Clinics. In these roles, he consistently demonstrated his ability to identify and implement cost-saving measures, improve operational efficiency, and enhance financial reporting and analysis. Palazzo's career progression is marked by his ability to drive positive change and contribute to the long-term success of the organizations he has served.

Academic Background

Palazzo holds a Bachelor of Science in Accounting from the University of Alabama and is a Certified Public Accountant (CPA). His strong academic background, coupled with his extensive industry experience, has equipped him with a comprehensive understanding of the complexities and challenges faced by healthcare organizations.

Areas of Expertise

• Financial management and reporting

• Budgeting and forecasting

• Operational optimization and cost-saving initiatives

• Strategic planning and decision-making

• Healthcare industry regulations and compliance

• Data analysis and performance management

Professional Impact

Throughout his career, Palazzo has played a crucial role in improving the financial performance and operational efficiency of the healthcare organizations he has served. Notable achievements include:

• Implemented a new financial reporting system that improved data accuracy and transparency, leading to a 20% reduction in audit findings.

• Spearheaded a comprehensive revenue cycle management initiative that resulted in a 12% increase in net collections for the physician practices.

• Developed a data-driven performance management framework that enabled the executive team to make more informed, strategic decisions.

• Served as a subject matter expert and contributing author for industry publications, sharing best practices and insights on financial management in healthcare.

Conclusion

With his extensive experience, strategic mindset, and proven track record of driving positive change, Tony Palazzo is a respected finance executive in the healthcare industry. In his current role as Director of Finance for Physician Practices at Infirmary Health, he continues to contribute to the organization's financial stability and operational excellence, positioning it for long-term success.