Will be in charge of Elizabethtown’s $260M system
ELIZABETHTOWN, Ky. (Aug. 7, 2015) — Hardin Memorial Health has named Lennis Thompson the new vice president and chief financial officer (CFO), charged with overseeing the financial health of the more than $260 million healthcare system.
For the past year, Thompson has served as the controller in finance and was instrumental in improving HMH’s financial posture so much so that Becker’s Hospital Review recently named HMH one of “10 Hospitals and Health Systems with Strong Finances” in the nation.
Thompson has over 30 years of experience in financial management, system design and operational review. He has served as chief accounting officer with Catholic Health Partners and as a CFO with Baptist Healthcare System (now known as Baptist Health). Thompson has dual degrees in accounting and marketing from Murray State University.
“Lennis’ extensive background in business analysis, project planning and productivity management will be a tremendous asset to HMH,” said Dennis Johnson, president and CEO of HMH. “We are so pleased to have Lennis on the team in this leadership role.”
Thompson and Johnson attribute much of HMH’s financial success in 2015 and the anticipated profit in 2016 to growth in outpatient services as well as revenue cycle improvements. Revenue cycle includes billings and payment processing.
In June, the HMH Board of Trustees approved the 2016 fiscal year budget of $261.7 million, which Thompson will oversee. The budget projects revenue to outpace expenses by $7 million due in part to outpatient services growth.
“I have enjoyed being a part of the HMH family this past year,” Thompson said. “And I am thrilled and honored to be named its CFO. HMH is vital to this region and I welcome the opportunity to continue to serve an organization that provides Central Kentuckians with first-in-class healthcare close to home.”