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DKH's Beaudoin recognized as a 'Rural Hospital CFOs to Know'
PUTNAM — Day Kimball Health’s Chief Financial Officer Paul Beaudoin was named one of Becker’s Hospital Review’s “Rural Hospital CFOs to Know” list.
Becker’s Hospital Review identified CFOs who are instrumental in ensuring the financial health of their organizations and apply their expertise in financial planning helping to bring cost-effective, innovative, up-to-date, and accessible healthcare to their communities.
“Paul’s inclusion in Becker’s list highlights his expertise in navigating the unique challenges faced by rural healthcare facilities,” said Kyle Kramer, chief executive officer, Day Kimball Health. “His strategic engagement and his focus on performance improvement within the unique confines of rural health services have significantly strengthened our organization’s financial foundation, enabling us to continue providing excellent care while concurrently expanding our services”.
As DKH’s Chief Financial Officer since 2016, he is responsible for the development and administration of DKH’s financial operations. He provides recommendations for strategic and financial planning to the system’s administration and board of directors. Amid economic pressures, he successfully navigated the sudden withdrawal of a proposed healthcare affiliation, securing $15 million in legislative financial support to stabilize and improve Day Kimball’s services. His strategic financial maneuvers included a $28.6 million debt reduction through a pension settlement, renegotiation of service agreements, and the optimization of property use.
He has more than 30 years of experience in the financial management of community hospitals. Before joining DKH, he oversaw the financial operations of Kent Hospital and Memorial Hospital, both part of the Care New England system in Rhode Island. There, his leadership stabilized and grew the hospital’s financial performance and services.
He graduated Magna Cum Laude from Bryant College and holds an MBA. He is a Healthcare Financial Management Association (HFMA) Fellow and past board member and treasurer of the Massachusetts/Rhode Island chapter.
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