Vanderbilt University Medical Center is pleased to announce the appointment of Lakmini Kidder, MBA, as the new Senior Vice President of Finance and Chief Revenue Officer (CRO). With her previous experience as Vice President of Enterprise Revenue Cycle Management at Johns Hopkins Health System, Kidder brings a wealth of expertise to her new role, which she will assume on July 22.
In this expanded capacity, Kidder will be responsible for overseeing all aspects of VUMC’s integrated revenue cycle, including hospitals, clinics, the Vanderbilt Medical Group, and Vanderbilt Integrated Providers. Her duties will also entail managing revenue management and reimbursement functions, such as charge master management, pricing strategies, and governmental reporting.
Cecelia B. Moore, VUMC’s Chief Financial Officer & Treasurer, underscored the significance of Kidder’s extensive experience in revenue-related leadership and consulting roles in prior organizations. Given the health system’s growth, Kidder’s appointment signifies the need for cohesive strategic leadership and broad expertise in revenue management functions.
In addition to her crucial role, Kidder will serve as an advisor to the leadership team on revenue cycle management, reimbursement, and strategic revenue cycle operations. Collaboration with the VUMC Finance team will be essential to drive integration and transformation throughout revenue management processes, with the objective of improving efficiency, increasing reimbursement, and implementing advanced technologies to enhance the patient experience.
Kidder’s commendable track record includes exemplary leadership roles at Johns Hopkins and Regions Hospital and HealthPartners in St. Paul, Minnesota, where she led her team to receive the “MAP” award from the Healthcare Financial Management Association for pursuing revenue cycle excellence. With her background and experience, Kidder is well-prepared to address the complex challenges at VUMC.
Expressing her enthusiasm for the new role, Kidder said, “I am deeply humbled to join Vanderbilt University Medical Center, an institution renowned for its commitment to excellence in teaching, research, and patient care. With a rich history and contemporary environment, Vanderbilt presents an exciting opportunity for collaboration and innovation. I am eager to work with our talented teams and harness the power of technology to further enhance the patient experience and provide unwavering support to VUMC’s dedicated physicians and care teams. Together, we will continue to prioritize patient-friendly solutions and innovative approaches to health care revenue cycle management, ensuring that VUMC remains a beacon of compassionate care and clinical excellence.”
With her impressive academic background including a Master of Business Administration from the Massachusetts Institute of Technology, Kidder is well-prepared to assume her responsibilities at VUMC.
This announcement solidifies VUMC’s commitment to excellence in healthcare revenue cycle management, as they continue to prioritize patient-friendly solutions and innovative approaches to ensure the institution remains a beacon of compassionate care and clinical excellence.