Richard Caffrey is a seasoned health care finance executive currently serving as the Director of Reimbursement and Financial Planning at McLeod Health, where he leverages over 36 years of professional experience to drive financial strategy and compliance in a complex healthcare landscape. With three decades...
Richard Caffrey is a seasoned health care finance executive currently serving as the Director of Reimbursement and Financial Planning at McLeod Health, where he leverages over 36 years of professional experience to drive financial strategy and compliance in a complex healthcare landscape. With three decades in directorship roles across Acute Care and Skilled Nursing Care, Richard has honed his expertise in Medicare and Medicaid reimbursement, making him a vital asset to the organization. His responsibilities encompass the meticulous preparation and audit of governmental and third-party reports, ensuring that McLeod Health maximizes its reimbursement potential while adhering to stringent regulatory standards.
In his current role, Richard is at the forefront of managing payment issues arising from health care reform initiatives, including Value-Based Purchasing (VBP), Readmissions, and Meaningful Use (MU) of Electronic Medical Records (EMR). His proactive approach not only identifies areas for improvement but also implements strategic changes that optimize reimbursement processes. Collaborating closely with Patient Financial Services (PFS) and Patient Access Services (PAS), Richard fosters a culture of financial accountability and transparency within the organization.
As a Fellow of the Healthcare Financial Management Association, Richard is well-versed in the intricacies of healthcare management, revenue cycle optimization, and financial reporting. His commitment to process improvement and compliance with HIPAA regulations underscores his dedication to enhancing operational efficiencies. Richard Caffrey’s leadership at McLeod Health exemplifies a mission-driven approach to healthcare finance, ensuring that the organization remains resilient and responsive to the evolving demands of the industry.
