Drake Named Vice President and Chief Financial Officer, Site Financial Operations at Kaleida Health
Matt Drake, MBA, CMA, FHFMA, has been named vice president and chief financial officer (CFO), site financial operations for Kaleida Health.
In this role, Drake will provide overall financial leadership for the various operating entities and divisions within Kaleida Health, working to ensure Kaleida Health achieves overall financial performance and operational targets. He will be responsible for developing and implementing an operational plan that drives the annual budget process, as well as working with divisional leaders on adherence to the budget plan and implementation of corrective actions. In addition, Drake will support the provision of financial education and leadership to hospital managers and directors, contribute financial expertise in strategic planning of new services, and find efficiency opportunities within current expense structures.
Drake was recruited from Rochester Regional Health, where he worked since 2009 and most recently served as vice president of business development and network growth. As the business development leader of the $2.9 billion health system, Drake led efforts to expand the network of providers, hospitals, ambulatory destination campuses and urgent care centers. He also led the planning and implementation of five ambulatory destination campuses; business planning process for a 3-hospital health system acquisition; and acquisition of 80 practices, representing 140 physicians and 86 advanced practice providers.
Previous roles at Rochester Regional Health included: vice president of accountable care, Greater Rochester IPA (GRIPA); director of finance, population health and business planning; director of financial planning and decision support; manager of financial systems, planning and decision support; and project and cost manager. Prior to joining Rochester Regional Health, Drake was a revenue management analyst at Excellus Blue Cross and Blue Shield in Rochester.
He has a Bachelor of Science in Business Administration and a Master of Business Administration from Alfred University. He is a Certified Management Accountant (CMA) and Fellow of the Healthcare Financial Management Association (FHFMA), and is a member of the Healthcare Financial Management Association (HFMA) and the Institute of Management Accountants (IMA).
Drake will report to Paul Belter, executive vice president and chief financial officer for Kaleida Health.