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Kenneth Hendren
Chief Financial Officer at Brookwood Baptist Health
Professional Background
Kenneth Hendren is a distinguished professional in the healthcare finance sector with a robust career marked by significant achievements and expertise in various groundbreaking developments within the industry. Recently, he displayed his commitment to professional excellence by successfully completing the American College of Healthcare Executives Board of Governor's Exam, with the Fellow of the American College of Healthcare Executives (FACHE) credential pending. Kenneth's deep understanding of the healthcare landscape encompasses various pivotal programs and regulations, including Accountable Care Organizations (ACOs), bundled payments, Meaningful Use criteria, the Patient Protection and Affordable Care Act, as well as the Center for Medicare and Medicaid Services (CMS) Value-Based Purchasing Incentive Plan.
As a Chief Financial Officer (CFO) in a hospital setting, Kenneth exhibited exceptional leadership skills by negotiating all managed care contracts, which are crucial in establishing beneficial partnerships between healthcare providers and insurance companies. His adeptness at maintaining corporate banking relationships played a pivotal role in ensuring the financial stability and flexibility of the institutions he served. One of his notable achievements includes negotiating an impressive $18 million tax-exempt bond, highlighting his expertise in financing large-scale healthcare initiatives.
Kenneth's career illustrates a profound ability to implement and monitor financial internal control processes across all key transaction cycles within healthcare organizations. His proficiency in overseeing these controls as a CFO and internal auditor has fortified the financial integrity and operational efficiency of the hospitals he has worked with. His comprehensive experience and in-depth understanding of compliance with Generally Accepted Accounting Principles (GAAP) empower him to conduct meticulous financial statement and disclosure reviews, which he presents to hospital boards of directors, ensuring transparency and accountability in financial reporting.
In addition to his executive contributions, Kenneth's background as a Certified Public Accountant (CPA) in public accounting has equipped him with a unique vantage point. He has successfully audited a wide array of healthcare clients, significantly contributing to the financial health of various healthcare providers. His auditing portfolio includes a physician practice company with 200 locations and 350 physicians, a nursing home company boasting 200 skilled nursing homes situated across 28 states, and an outpatient imaging company with 14 locations. This diverse experience has solidified his reputation as a credible leader in the finance sector of healthcare.
Education and Achievements
Kenneth Hendren's journey into the realm of healthcare finance is supported by a strong academic foundation and an ongoing commitment to professional development. His educational background has equipped him with the analytical skills and financial knowledge necessary to excel in the demanding healthcare finance industry. Kenneth actively nurtures his professional growth and seeks to keep abreast of industry innovations and regulatory changes, thus ensuring he remains at the forefront of emerging trends in healthcare finance.
His achievement of passing the Board of Governor’s Exam is just one testament to his dedication to elevating his professional standing in the healthcare executive community. The pending FACHE credential underscores Kenneth’s commitment to excellence and his goal to uphold the highest standards of healthcare leadership, finance, and management.
Notable Achievements
Kenneth boasts a portfolio of notable accomplishments that testify to his skills and dedication as a healthcare finance executive. Here are some highlighted achievements that illustrate his impact on the healthcare sector:
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Successful Completion of the ACHE Board of Governor's Exam: This accomplishment demonstrates Kenneth's knowledge and competency in healthcare management, preparing him for advanced leadership roles within the industry.
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Negotiation of Managed Care Contracts: His ability to negotiate effectively has played a crucial role in building sustainable financing models for healthcare organizations, helping in the efficient allocation of resources and improving revenue streams.
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$18 Million Tax-Exempt Bond Financing: Kenneth's successful negotiation of this substantial bond exemplifies his capability in securing critical funding for healthcare initiatives that enhance service delivery within the community.
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Comprehensive Auditing Experience: His extensive background in auditing significant healthcare clients adds a layer of credibility to his professional profile, reinforcing his competence in ensuring compliance and operational effectiveness in various healthcare settings.
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Implementation of Financial Controls: Kenneth’s efforts in establishing rigorous financial internal control processes have been instrumental in safeguarding the financial assets of healthcare institutions, while also promoting ethical practices within the financial operations.
In summary, Kenneth Hendren is an accomplished healthcare finance professional whose career reflects dedication, expertise, and a commitment to excellence in the industry. His diverse experience and demonstrated success make him a valuable asset to any healthcare organization, continually striving for improvement and excellence in financial management and regulatory compliance. Whether negotiating contracts or implementing controls, Kenneth’s work has made a significant impact in the healthcare domain, and his journey continues to inspire those within the profession.
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