CHRISTUS Health Names Chief Financial Officer
Randy Safady will join CHRISTUS Health as the health care system’s executive vice president and chief financial officer no later than June 15.
In this role, Safady will provide guidance and strategic leadership regarding the finances and financial health of CHRISTUS and its regions to ensure the organization remains strong to meet the health care demands of the future, continuing to extend God’s healing presence to all those served by CHRISTUS facilities and programs. He will lead the following system departments: internal audit, managed care, revenue cycle and treasury, and will also be responsible for finance and capital, tax, system accounting, decision support, supply chain, reimbursement, forecasting/budgets, reimbursement and regional financial operations across the system.
Safady, 55, joins CHRISTUS with over 30 years of experience in finance, accounting and health care operations. He has served as executive vice president and chief financial officer of Centura Health, Colorado’s largest health system, since 2007. The system is a joint venture between Catholic Health Initiatives and Adventist Health System, operating 13 hospitals, seven senior living communities and home care and hospice services. At Centura, Safady has been successful in repositioning the financial operations of the health system in a hyper-competitive market. This turnaround entailed significant work in the areas of managed care contracting, revenue cycle, decision support and team development. Additionally, he played a significant role in the system’s Meditech conversion and the redesign of financial systems and business processes. He previously served as senior vice president and chief financial officer of Adventist Midwest Health, a region of the Adventist Health system.
“I am excited that Randy will be joining the CHRISTUS team, and am confident that his experience and leadership skills will be essential as we move forward to take advantage of the opportunities and challenges that await CHRISTUS,” said Ernie Sadau, president and CEO of CHRISTUS Health. “Randy has a proven track record of helping faith-based health systems live out a calling to care for all while ensuring they maintain the resources necessary to continue fulfilling their mission, and he will be an important asset as CHRISTUS builds upon its strong foundation and moves into the future."
Safady is active in the health care finance arena, and currently serves on the Colorado Hospital Association Finance Committee and the State of Colorado Provider Fee Board. He has previously served on the Board of Directors of the Killeen, Texas Chamber of Commerce and the Board of Directors of First State Bank in Keene, Texas. He is a member of the Healthcare Financial Management Association, American Institute of Certified Public Accountants and Texas Society of Certified Public Accountants.
He is a Certified Public Accountant, and earned a master’s degree in Management from the University of Central Texas (now Tarleton State) and a bachelor’s degree in Business Administration with a concentration in Accounting from Southwest Texas State University (now Texas State University).