Fairfield Memorial Hospital is pleased to announce the appointment of Randy Russell as the organization’s new Chief Financial Officer (CFO), effective June 1st. Randy Russell earned his Master of Business Administration from Ball State University in December 2003 and his Bachelor of Science degree in Economics, with a minor in Mathematics, from the University of Southern Indiana in May 1995.
Russell brings more than 33 years of experience in finance and accounting, with a distinguished career focused on healthcare financial leadership and administration. His extensive expertise includes financial management, accounting, auditing, forecasting, reimbursement, fiscal operations, and regulatory compliance. Throughout his career, Russell has served in several executive leadership roles, including Chief Financial Officer positions with Deaconess and Ascension St. Vincent, as well as Vice President of Finance and CFO at Memorial Hospital and Health Care Center. He also previously worked as a Senior Accountant with KPMG and as a Financial Analyst with St. Mary’s Medical Center.
During his tenure at KPMG, Russell specialized in healthcare reimbursement and operational analysis, preparing Medicare and Medicaid cost reports, conducting reimbursement reviews, assisting with merger and acquisition support, and performing regulatory and operational analyses to maximize reimbursement opportunities for healthcare organizations.
“We are excited to welcome Randy to Fairfield Memorial Hospital,” said Andy Flemer, CEO of Fairfield Memorial Hospital. “His extensive financial leadership experience and deep understanding of healthcare operations will be a tremendous asset to our organization as we continue to grow and serve our communities.”
Fairfield Memorial Hospital would also like to extend its sincere appreciation to Jim Basch, Interim CFO, for his dedication, leadership, and contributions to the organization. Since coming to Fairfield Memorial Hospital, Jim has helped guide important initiatives and has done wonderful things for FMH through his commitment, expertise, and support of our mission. We are deeply grateful for the positive impact he has made on our hospital, staff, and community.