Lance Freeman serves as the Director of Corporate Accounting at Henry Ford Health System, where he leverages his extensive expertise in finance to enhance the organization’s financial reporting and compliance functions. With a strong foundation in SEC reporting and US GAAP, Lance plays a pivotal...
Lance Freeman serves as the Director of Corporate Accounting at Henry Ford Health System, where he leverages his extensive expertise in finance to enhance the organization’s financial reporting and compliance functions. With a strong foundation in SEC reporting and US GAAP, Lance plays a pivotal role in ensuring the accuracy and timeliness of financial statements, both for internal stakeholders and external regulatory bodies. His leadership extends to overseeing the monthly accounting close process, which includes the consolidation of financial results across the system, thereby providing critical insights that inform strategic decision-making.
One of Lance's key initiatives has been his active participation in the System's $1 billion debt offering, a complex endeavor that required meticulous attention to detail and a deep understanding of purchase accounting and stock-based compensation. His proficiency in implementing ASC 606 and ASC 842 has also been instrumental in aligning the organization with the latest accounting standards, ensuring compliance while optimizing financial performance. Furthermore, Lance's experience with pension and other post-employment benefits (OPEB) accounting allows him to navigate the intricacies of financial reporting related to employee compensation and benefits, a crucial aspect of the healthcare industry.
In addition to his technical skills, Lance is committed to fostering a culture of continuous improvement within the Corporate Accounting department. He actively researches new accounting guidance and develops policies and procedures that enhance operational efficiency. His expertise in shared services and general ledger systems further supports the organization's goal of streamlined financial processes. As a finance executive with a comprehensive understanding of the healthcare landscape, Lance Freeman is dedicated to driving financial excellence at Henry Ford Health System.
