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Experienced Chief Financial Officer with demonstrated success in the health care and non-profit industries. Skilled in Financial Operations, Strategic Planning, Risk Management, Benefit Administration, Debt Financing, and Merger and Acquisitions. Adept at understanding organizational operations to quickly assess and support leadership in critical thinking and decision making.
Delaware Hospice, Inc.
View- Website:
- delawarehospice.org
- Employees:
- 183
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Chief Financial OfficerDelaware Hospice, Inc. May 2021 - PresentNewark, Delaware, United StatesDelaware Hospice is the leading licensed nonprofit community-based healthcare organization serving the state of Delaware and Pennsylvania’s southern Chester and Delaware counties, providing hospice, palliative, transitional and bereavement care for patients and family.. -
Senior ConsultantQuality First Solutions Oct 2019 - May 2021Cherry Hill, NjProviding healthcare organizations with solutions for expense reduction, contract management performance and price competitive analytics to improve bottom line results. -
Chief Financial OfficerMental Health Partnerships Oct 2015 - Oct 2019Philadelphia PennsylvaniaMHP is a nonprofit corporation that creates opportunities for individuals and family members to effectively respond to the challenges of mental health conditions through our work in five domains: advocacy, direct support to individuals, training and education, information and referral, and technical assistance. MHASP offers more than 40 services, most of which are peer-to-peer throughout Bucks, Chester, Delaware, Montgomery and Philadelphia counties and the state of Delaware. Statewide and nationally, MHASP provides training, advocacy and technical assistance. -
Chief Financial OfficerCentral Jersey Blood Center Sep 2013 - Sep 2015A community-based, regional non-profit blood collection and distribution organization serving NJ residents for almost 50 years. Operating three fixed site locations as well as mobile collections, the center provides blood products to over 20 hospitals, distributing 30,000 blood products annually. Responsible for all financial and facility operations of the center, working collaboratively with the CEO in evaluating future options for expansion and new services.
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Director Of Finance And OperationsUha - United Health Alliance Apr 2011 - Aug 2013Newark, DeA multi-partnership physician practice serving five hospitals in Delaware; the largest physician practice in the state, UHA provides high quality hospitalist staffing working collaboratively with each hospital to serve the needs of the patient and primary care physicians.Responsible for all financial performance and daily operations of the practice, ensuring sound accounting practices, cash management reporting, billing and compliance, statistical tracking, and tax planning.• Reviewed hospital subsidy contracts resulting in additional revenue billing of $130,000• Coordinated a large compliance project, addressing billing inconsistencies with federal payors; worked with attorneys to reduce risk and exposure while maintaining positive communications. • Secured financial backing letter of credit for lease construction project• Recommended strategic changes to reduce expense and capitalize on partnership strengths in the wake of the loss of a contract. -
Vice President Finance And TreasurerFox Chase Cancer Center May 2009 - Mar 2011A comprehensive Cancer and Research Center, it is the region's only hospital devoted entirely to cancer treatment, research and prevention and is consistently ranked by U.S. News and World Report among the top cancer centers.; Responsible for the financial and business operations of the center providing support and creative strategic thinking to the Center to achieve short and long range financial goals. Provided direct oversight to the areas of Accounting, Business Operations, Contracting, Disbursements, Financial Information Systems, Financial Planning, Budget and Reimbursement, Grants Management, Patient Financial Services, and Treasury functions. Collaboratively worked with staff and operational consultants to develop 13 week cash forecasting model to update banking institutions.Project Leader on the Patient Access Redesign team, achieving success in blending the Pre-visit and Ambulatory Care registration areas, resulting in 99% of new patients pre-registered which lead to improved charge capture and reconciliation, fewer denials, and improved customer service scores.Successfully secured $10M in necessary capital financing during a time of severe cash shortages and covenant defaults, negotiating optimal rates and structured within FASB 13 operating lease criteria to avoid further covenant issues.Evaluated Letter of Credit risk for various operational components, successfully reduced exposure and replaced with less costly coverage.Realigned excess coverage in our Insurance Captive resulting in the release of $4M in reserve requirements, thereby unrestricted $4M in cash and investments.Recommended significant changes to our Post Retirement Benefits program that will eliminate $8M in recognized liability and provide cash flow savings of $500k annually. -
Director Of Finance And TreasurerDeborah Heart And Lung Center / Foundation Aug 1990 - May 2009Functioned as financial manager for several subsidiaries, providing treasury support and administrative oversight. Responsible for direction of Accounting, Payroll, Accounts Payable, Financial Reporting and subsidiaries for a 161 bed tertiary care hospital as well as a $50 million foundation. Prepared and presented monthly financial statements to senior management and board of directors, coordinated all treasury cash/investment management and bank relations, facilitate the annual audit process and completion of federal and state tax returns for multiple organizations, directed the actuarial functions for pension and self insurance programs. Improved and enhanced internal controls resulting in elimination of all Audit 'management letter' comments and issues for twelve consecutive years.Initiated alternative financing Interest Rate Swap program to capitalize on variable rates, increasing annual cash flow by $800,000, and reduced effective borrowing rate from 6.2% to 4.5%.Appointed Director of Finance/CFO for Deborah Hospital Foundation in 2006 leading to increased efficiency of operations and improved reporting, resulting in annual savings of $500,000.Key leader in selection and implementation of our new financial system software. Project was completed within budget and on schedule. Instrumental in placing a $38 million public bond offering through NJHCFFA.
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Accounting ManagerMain Line Health / Lankenau Hospital Jan 1989 - Aug 1990Directed Accounting, Payroll, Accounts Payable and Cashier functions for a 475 bed teaching hospital. Prepared and presented monthly financial statements to Executive Staff and Corporate Office. Coordinated meetings with affiliate division managers to discuss financial performance and consistency in reporting amongst member hospitals.
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Accounting ManagerHospital Of The University Of Pennsylvania Apr 1985 - Jan 1989Directed Accounting department in the preparation of financial statements, statistical reporting, and fixed assets. Responsible for developing and implementing financial systems, policies, and procedures. -
Accounting SupervisorCapital Health Systems / Helene Fuld Medical Center Oct 1980 - Apr 1985Responsible for the performance and overall management of the Accounting and Accounts Payable departments for a 375 bed teaching hospital. Fully responsible for financial statement preparation and related analyses.
Christopher Nasto Skills
Christopher Nasto Education Details
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Business Administration -
Rutgers UniversityAccounting
Frequently Asked Questions about Christopher Nasto
What company does Christopher Nasto work for?
Christopher Nasto works for Delaware Hospice, Inc.
What is Christopher Nasto's role at the current company?
Christopher Nasto's current role is Chief Financial Officer at Delaware Hospice, Inc..
What is Christopher Nasto's email address?
Christopher Nasto's email address is cn****@****asp.org
What is Christopher Nasto's direct phone number?
Christopher Nasto's direct phone number is +121575*****
What schools did Christopher Nasto attend?
Christopher Nasto attended Monmouth University, Rutgers University.
What skills is Christopher Nasto known for?
Christopher Nasto has skills like Financial Reporting, Budgets, Accounting, Finance, Process Improvement, Internal Controls, Management, Auditing, Leadership, Financial Analysis, Hospitals, Insurance.
Who are Christopher Nasto's colleagues?
Christopher Nasto's colleagues are Debbie Mack, Michael Ntow, Dmin, Mdiv, Mba, Bca, Aa, Rsa, To, Toni Dyer, Patricia He, Nevan Sawyer, Kayla Mcginness, Roberta Templeton.
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Christopher Nasto
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Chris Nasto
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