Summary
Overview
Work History
Education
Skills
Certification
Accomplishments
Affiliations
Selected Accomplishments
Timeline
Generic

Stephanie Schnittger

South Riding,VA

Summary

Highly energetic, talented, and dedicated health care financial leader with over 25 years of experience in health care operational and corporate finance, accounting, strategic financial planning, revenue cycle, treasury, mergers and acquisitions, and C-suite influence. Proven ability to build strategic relationships and establish trust with business leaders and board members, ensuring organizational success through collaborative teamwork, goal-setting, and effective leadership.

Overview

30
30
years of professional experience
1
1
Certification

Work History

Chief Financial Officer

Luminis Health
04.2024 - Current
  • The most senior financial leader of the system, responsible for overall financial integrity and protection of Luminis Health’s assets and liabilities
  • Serves as strategic partner and advisor to CEO and Board of Trustees
  • Leads all aspects of finance function across the health system including revenue cycle operations, reimbursement (including Maryland’s unique and innovative Total Cost of Care model), financial planning including capital and operating budgets, corporate accounting, treasury, supply chain management, real estate services, construction and facilities management and managed care contracting

Senior Vice President, Corporate Finance

Sentara Healthcare
08.2019 - 03.2024
  • Reporting to System CFO, led team of over 1,900 FTEs across the finance division for $13 billion organization including all revenue cycle functions, corporate accounting and financial reporting, financial planning and analysis, cash management, corporate reimbursement, tax, accounts payable and payroll; provides oversight for financial operations for Sentara Ambulatory Services Division; appointed executive program sponsor for Workday Cloud based ERP project
  • Direct reports included VP Revenue Cycle, VP of Finance/CFO Sentara Medical Group, VP/Corporate Controller, Director Financial Planning and Analysis

Senior Vice President, Corporate Finance

Inova Health System
01.2018 - 05.2019
  • Reporting to System CFO, led all aspects of corporate accounting and financial reporting, treasury, financial planning and analysis, corporate reimbursement, and revenue cycle operations for $3.6 billion health system, including five hospitals, a commercial health plan, a primary and specialty care physician group, ambulatory care facilities, and real estate services and non-acute care business
  • Direct reports included the Chief Accounting Officer, AVP Financial Planning and Analysis, Sr
  • Director Corporate Reimbursement and VP Revenue Cycle
  • Led team of over 1,100 direct and matrixed FTE’s across the finance division
  • Oversaw Inova’s treasury functions, including accounting and reporting for $5 billion investment portfolio and $1.9 billion diversified debt portfolio
  • Led numerous bond offerings totaling more than $1 billion
  • Instrumental in maintaining and subsequently upgrading Inova’s elite AA/AA+ credit rating (Moody’s/S&P) throughout tenure at Inova
  • Developed and maintained strategic banking relationships and relationships with rating agencies
  • Finance liaison to Inova’s Board of Trustees, including Audit and Compliance Committee and Investment Committee

Vice President, Corporate Finance

Inova Health System
05.2016 - 12.2017
  • Assumed additional responsibilities for oversight of over 60 FTEs and of all corporate accounting functions including payroll, accounts payable, general accounting and financial statement GAAP audits to include the adoption of various accounting pronouncements including revenue recognition standard ASC 606 and the FASB’s new standard for accounting for lease transactions
  • Added 6 indirect reports to include 5 Inova hospital CFOs and 1 medical group CFO and 44 additional matrixed FTEs under the 6 indirect reports

Assistant Vice President, Financial Planning

Inova Health System
09.2015 - 05.2016
  • Reported directly to the System CFO with collaboration with the Senior Vice President of Finance Operations
  • Reassumed prior responsibilities of Senior Director, Corporate Financial Planning and Analysis with additional responsibilities including accounting, budgeting and financial analysis for ambulatory services division which includes free standing imaging centers, joint venture ambulatory surgery centers, urgent care centers, laboratory services, physical therapy, international and 'Direct to Consumer' operations

Assistant Vice President, Finance, Inova Fairfax Hospital

Inova Health System
06.2014 - 09.2015
  • Reporting to VP and CFO of Inova Fairfax Medical Center, directed financial operations team for Inova’s 923-bed, $1.5 billion flagship hospital campus
  • Oversaw all aspects of hospital operations finance including service line planning, decision support, productivity management, revenue cycle, cost reductions, and operating budget development and achievement

Senior Director, Corporate Financial Planning and Analysis

Inova Health System
07.2001 - 05.2014
  • Reported directly to the System CFO with collaboration with the Senior Vice President of Finance Operations
  • Responsible for all corporate financial analysis and operations, managing a staff of nine accounting and finance professionals to coordinate, develop and present Inova’s $3 billion long range capital and financial plan
  • Member (staff) Inova Health System Finance Committee
  • Updated, prepared and routinely present Inova’s long term capital plan to Finance Committee of the Board of Trustees
  • Provided expert analysis in the implications of health care reform on the mid- and long-term financial position of Inova
  • Redesign and system-wide implementation of Inova’s capital management process to include consistent prioritization and systematic executive electronic review of all significant capital requests across the system
  • Annual capital plan range from $200-$550 million ($2.5-$3 billion over five years)
  • Assisted Inova Fairfax Hospital with the redesign of its capital process and the refocusing of its administrative Capital Allocation Committee
  • Responsible for ongoing system-wide capital allocation and management process, including prioritization and analysis of capital expenditures and facilitation of project proposals from concept initiation to investment decision
  • Managed and provided oversight for the system Capital Planning Committee used to evaluate long-term capital capacity and availability and major business investment priorities including projects ranging from $20 million to $850 million
  • Supervised, reviewed, analyzed, identified and implemented cost reductions to the system’s $300+ million corporate overhead budget, and budgets for Real Estate services and the Inova foundations ($200 million)
  • Project owner in charge of actively implementing a new quarterly rolling forecast process to financial management to replace annual static budget approach to better respond to the unpredictable and rapidly changing health care regulatory, reimbursement, cost and business environment
  • Assisted the system in improving its operating cash flow margin from 13.3% in 2001 to 16.7% in 2011

Director of Finance, Inova Medical Group

Inova Health System
01.2000 - 06.2001
  • Appointed by the System CFO to assist in the divestiture of former Inova Medical Group that consisted of more than 100 physicians in more than 20 individual practices
  • Interacted routinely with physician leadership and administrative council

Corporate Accounting Manager

Inova Health System
10.1998 - 12.1999
  • Managed corporate accounting team with responsibility for accounting for debt, investments, joint ventures, acquisitions, fundraising, research, system overhead, real estate services, consolidations, external GAAP audits, and internal, board level and external financial reporting

Corporate Accounting Supervisor

Inova Health System
10.1997 - 09.1998

Senior Auditor

Ernst and Young LLP
09.1994 - 09.1997
  • Designed and implemented audit strategies for clients in a broad range of industries, including manufacturing, health care, mortgage banking, entrepreneurial services and not-for-profit organizations
  • Supervised staff accountants during financial statement and employee benefit plan audits

Education

B.S. - Accounting

The University of Dayton

Skills

  • Mergers and Acquisitions Experience
  • Strategic financial planning
  • Financial Management
  • Financial Reporting
  • Performance metrics analysis

Certification

Certified Public Accountant, Ohio, inactive

Accomplishments

  • Increased organizational wealth by growing operating cash flow by 300% from $125 million in 2001 to almost $400 million in 2018 and doubling days in unrestricted cash to over 620 during the same time frame.
  • Provided technical financial insight, regulatory research and coordination, leadership and influence over business development activities and critical decisions associated with the construction and real estate development activities of the $330 million Inova Schar Cancer Institute and the $500+ million Inova Center for Personalized Health campus redevelopment program.
  • Oversaw financial aspects of Inova’s $850 million master facility plan, including construction and renovation of two patient towers and the opening of a 630,000 square foot, $400 million Inova Fairfax Women’s and Children’s Hospitals.
  • Redesigned Inova’s capital management process to include best practice capital allocation, consistent prioritization, and systematic executive electronic review and approval of all significant capital requests across the system.
  • Served as executive program sponsor and led the design and implementation of Sentara’s successful organization wide conversion 'big bang' go-live in 04/2022 for full suite cloud-based Workday ERP project.
  • Led several strategic yield and patient financial experience improvement projects for revenue cycle operations including implementation of enhanced single bill pay digital experience and Robotic Process Automation (RPA) technologies.
  • Organized system wide $300 million in CARES Act and FEMA relief recovery efforts.
  • Directed numerous software selections, implementations and enhancements including Epic, Oracle, Workday, Lawson, Kronos, Visionware, Trendstar, Kaufmann Hall Enuff and Axiom products.

Affiliations

Healthcare Financial Management Association (HFMA)

Selected Accomplishments

· Increased organizational wealth by growing operating cash flow by 300% from $125 million in 2001 to almost $400 million in 2018 and doubling days in unrestricted cash to over 620 during the same time frame.

· Provided technical financial insight, regulatory research and coordination, leadership and influence over business development activities and critical decisions associated with the construction and real estate development activities of the $330 million Inova Schar Cancer Institute and the $500+ million Inova Center for Personalized Health campus redevelopment program.

· Oversaw financial aspects of Inova’s $850 million master facility plan, including construction and renovation of two patient towers and the opening of a 630,000 square foot, $400 million Inova Fairfax Women’s and Children’s Hospitals.

· Redesigned Inova’s capital management process to include best practice capital allocation, consistent prioritization, and systematic executive electronic review and approval of all significant capital requests across the system.

· Served as executive program sponsor and led the design and implementation of Sentara’s successful organization wide conversion “big bang” go-live in April 2022 for full suite cloud-based Workday ERP project.

· Led several strategic yield and patient financial experience improvement projects for revenue cycle operations including implementation of enhanced single bill pay digital experience and Robotic Process Automation (RPA) technologies.

· Organized system wide $300 million in CARES Act and FEMA relief recovery efforts

· Directed numerous software selections, implementations and enhancements including Epic, Oracle, Workday, Lawson, Kronos, Visionware, Trendstar, Kaufmann Hall Enuff and Axiom products.

Timeline

Chief Financial Officer

Luminis Health
04.2024 - Current

Senior Vice President, Corporate Finance

Sentara Healthcare
08.2019 - 03.2024

Senior Vice President, Corporate Finance

Inova Health System
01.2018 - 05.2019

Vice President, Corporate Finance

Inova Health System
05.2016 - 12.2017

Assistant Vice President, Financial Planning

Inova Health System
09.2015 - 05.2016

Assistant Vice President, Finance, Inova Fairfax Hospital

Inova Health System
06.2014 - 09.2015

Senior Director, Corporate Financial Planning and Analysis

Inova Health System
07.2001 - 05.2014

Director of Finance, Inova Medical Group

Inova Health System
01.2000 - 06.2001

Corporate Accounting Manager

Inova Health System
10.1998 - 12.1999

Corporate Accounting Supervisor

Inova Health System
10.1997 - 09.1998

Senior Auditor

Ernst and Young LLP
09.1994 - 09.1997

B.S. - Accounting

The University of Dayton
Stephanie Schnittger