Northern Light Health Influencing the Future of Data Analytics in Healthcare

Date: 08/19/2019

Randy Albert
Associate Vice President of
Finance and Analytics
for Northern Light Health
Randy Albert, associate vice president, Northern Light Health Finance and Analytics, has recently been appointed chair of the Healthcare Financial Management Association’s Financial Analytics Leadership Council—a group driving change in healthcare’s approach to using data and business intelligence to improve patient care.

“As chair of this council, I am able to share all I’ve learned from the great strides our system has made while also bringing back to Maine ideas from some of the country’s top financial minds in healthcare,” says Albert.  He adds, “I see this as an opportunity for Northern Light Health to become an influential health system in the analytics space.”

Tony Filer, CPA, senior vice president and chief financial officer of Northern Light Health says, “I congratulate Randy on his new appointment to chair of this prestigious council. He’ll be leading a group of representatives of large and complex national health systems. We’re proud to have him represent not only Northern Light Health but the people of Maine.”

By leveraging the enormous amount of data the health system produces, Northern Light Health’s team members are able to see in real-time, or near real-time, customized dashboards with much of the information critical to running their operations, and turning it into actionable information. “Our teams can see how long it takes patients to get an appointment in our primary care offices across the system, for example, and begin to make improvements where needed. Or, providers can see if a patient in the hospital experienced delays in care, then set to work on ways to lower the amount of time a patient needs to stay in the hospital,” Albert adds.

In his role at Northern Light Health, Albert manages the annual budgets and oversees financial forecasting, capital management, management reporting and analysis, productivity management, decision support, cost accounting, and business intelligence. He is a leader of Northern Light Health’s Operational Excellence program and serves on various multidisciplinary councils and committees within the organization. Albert is a graduate of the University of Maine with nearly 20 years of experience in financial management for businesses and financial institutions.

As chair of this council, I am able to share all I’ve learned from the great strides our system has made while also bringing back to Maine ideas from some of the country’s top financial minds in healthcare. I see this as an opportunity for Northern Light Health to become an influential health system in the analytics space.

- Randy Albert