Lynn Krutak, executive vice president and chief financial officer for Ballad Health, has received more national recognition. She was recently named among “182 women hospital and health system CFOs to know” for 2023 by Becker’s Healthcare Review.
Krutak was previously recognized by Becker’s as being one of the top health system “CFOs to know” in 2023, and she was also selected by Modern Healthcare in 2019 as being one of 10 “women leaders to watch” in healthcare – described as being accomplished rising executives who are advancing healthcare.
The most recent Becker’s article noted that the number of women holding CFO positions at Fortune 500 and S&P 500 companies has nearly doubled over the past decade; women made up 16% of CFOs in 2022. “Female CFOs of hospitals and health systems skillfully handle strategic financial planning, annual budgets, investments and more,” the article stated.
The Becker’s list’s bio summary for Krutak reads: “Her role as executive vice president and CFO of Ballad Health entails the oversight of the health system’s financial operations, processes and systems. With her deep industry experience, she is instrumental in leading long-term financial sustainability efforts, including identifying growth opportunities, assessing healthcare trends and regulatory changes, and driving innovative business models. She was a key player in the merger of Wellmont Health System and Mountain States Health Alliance to create Ballad Health. Her achievements include effective cost-cutting measures in a challenging payer mix and low-wage index environment and the successful consolidation and refinancing of both legacy health systems’ debts.”
Congratulations to Lynn for the well-deserved recognition!
