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Vernon Moore
Chief Financial Officer at Ochsner LSU Health System of North Louisiana
Professional Background
Vernon Moore is an accomplished corporate finance executive with extensive experience in healthcare finance and operational leadership. He has successfully reveled in key leadership roles at some of the most prestigious healthcare systems, consistently demonstrating a remarkable ability to implement effective financial strategies and change management initiatives. His leadership style is defined by collaboration, strategic foresight, and an unwavering commitment to excellence. Currently, he serves as the Chief Financial Officer at Ochsner Health System, where he oversees a significant operating budget of $600 million and leads business growth initiatives across the organization.
Previously, Vernon held several high-profile roles, including Chief Financial Officer at University Health and Chief Administrative Officer, where he played a vital role in driving financial performance and operational efficiency. His stewardship at The University of Texas Health Science Center at Tyler (UT Health Northeast) as Senior Vice President and Chief Business and Financial Officer showcased his abilities in budget management and revenue optimization, among other critical areas of healthcare finance.
Vernon has a proven track record of transforming financial operations and instigating revolutionary change management processes that align fiscal performance with healthcare service delivery. He led his organization’s successful transition from a state entity to a privately-held institution, strategically positioning the hospital as a key regional competitor focused on revenue recognition and sustainable financial growth. During his tenure, he achieved the remarkable feat of doubling net monthly patient collections while substantially reducing claims denial rates from an alarming 15% to less than 3%.
Education and Achievements
Vernon Moore's educational background is robust and well-rounded, with degrees in both Accounting and Finance from two reputable institutions. He completed his Bachelor of Business Administration (BBA) with a focus on Accounting and Finance at Stephen F. Austin State University. Additionally, he studied Liberal Arts and Sciences/Liberal Studies at The University of Texas at Austin. This diverse educational foundation has equipped Vernon with the analytical and critical thinking skills necessary to navigate the complexities of corporate finance within the healthcare sector.
Throughout his career, Vernon has demonstrated exceptional leadership and strategic prowess. He has built and led teams of finance executives, harmonizing their expertise with organizational goals to surpass performance and fiscal objectives consistently. His dedication to the principles of financial planning, budget development, risk management, and cost containment is evident in every role he undertakes, making him an invaluable asset to the organizations he serves.
Achievements
Vernon's career is marked by numerous significant achievements that speak to his capabilities as a finance leader:
- Revenue Recognition and Growth: Successfully transitioned an organization from a state entity to a privately-held institution, enhancing its competitive positioning in the healthcare market.
- Patient Collections Improvement: Doubled net monthly patient collections and dramatically improved claims processes, reducing denial rates from 15% to less than 3%, showcasing his ability to boost operational income and reduce inefficiencies.
- Operational Budget Oversight: Currently manages a comprehensive operating budget of $600 million, driven by insights gained through strategic planning and analysis.
- Team Leadership: Effectively leads a team of four finance executives, promoting an environment of teamwork and strategic alignment with healthcare objectives, which propels the organization towards financial success.
- Cross-Functional Expertise: Leverages a unique combination of corporate finance, healthcare operations, and budgeting proficiency to drive systemic improvements and enhance fiscal reliability.
Overall, Vernon Moore exemplifies a dynamic corporate finance executive adept in elevating healthcare finance operations to new heights through strategic leadership and empirical results. His broad experience and profound impact on financial management continue to influence not only those around him but also the greater landscape of healthcare finance. Vernon remains committed to driving organizational success and operational excellence, always striving for new achievements and innovations in the field.