Cortez, CO- Southwest Health System (SHS) Board of Directors has announced the appointment of Rick Shrader as permanent Chief Financial Officer of Southwest Health System.
“Rick’s leadership over the past year as interim CFO has been instrumental in our very successful turn-around. He brings a depth of knowledge and experience that allowed him to immediately have an impact on the organization and will continue to do so as we progress forward,” said CEO Tony Sudduth.
Rick’s team-focused approach over the last year has advanced the financial stability of SHS, developed improved revenue cycle processes, recruited a new Accounting Director, and provided mentorship and expertise to his reports.
SHS Board Chair Tom Rice confirmed, “Rick has been a core leader behind Southwest Health System’s financial turnaround over the last 12 months. The board looks forward to his ongoing leadership as Chief Financial Officer with a focus on improving the hospital’s financial situation.”
Shrader has over 26 years of healthcare financial management experience. Rick has primarily worked as a CFO or Revenue Cycle senior leader and has owned a healthcare consulting company specializing in financial and operations management and revenue cycle from 2009 to 2012. He has also worked for a healthcare real estate investment trust and has been in financial leadership roles for both proprietary and not-for-profit hospital organizations throughout his career.
Rick holds two undergraduate degrees from the University of Louisiana at Monroe: a Bachelor of Business Administration in Accounting and a Bachelor of Arts in History. Rick and his wife, Kandice, reside in Venice, Florida with their 3 of their 5 children: Eric (20), Thomas (17) and Jeb (17). The Shrader family are sports enthusiasts and very active.
It was our pleasure to host Representative Scott Tipton at Southwest Memorial Hospital on Thursday, August 8th. Rep. Tipton toured the facility including the new 20-bed inpatient wing, ICU, and Family Birthing Center, as well as our OR, ER, Rehab Department, 4-suite Medical Office building with primary and specialty care clinics. Tipton and his staff were impressed with the extensive services offered at our facility.
Following the tour, representation from support and clinical departments, MCHD and SHS Board members reviewed recent successes, challenges and opportunities with Rep Tipton. Discussions included challenges in recruiting rural primary care providers and surgical call coverage, opportunities and challenges with telemedicine to provide additional support to patients and clinical staff to improve mental and behavioral health, need for additional resources for suicide and substance abuse, access challenges for our service members, reimbursement, high-cost insurance premiums in rural communities, and infrastructure upgrades needed in the older part of the facility. It was a great opportunity to collaborate and share. Rep Tipton provided great feedback on current bills working through legislation that could potentially address some of our concerns.
We’d like to extend a special thanks to Cody Burke, CRNA for coordinating the visit!