Paul Beaudoin has been named Chief Financial Officer of Day Kimball Healthcare (DKH), the major provider of healthcare services in Northeast Connecticut and the region’s largest employer. Beaudoin is responsible for the development and administration of the nonprofit healthcare system’s overall financial operations and will also provide recommendations for strategic and financial planning to the system’s administration and board of directors.
Beaudoin brings to DKH more than 25 years of experience in the financial management of community hospitals. Most recently he oversaw the financial operations of Kent Hospital and Memorial Hospital, both part of the Care New England system in Rhode Island. There, his leadership helped to stabilize and then grow the community hospitals’ financial performance and array of services. Beaudoin says he’s looking forward to undertaking that same process at DKH.
"I'm excited to be here at Day Kimball," Beaudoin says. "I have a strong commitment to community hospitals. I've worked at them my entire career and I feel passionately about the important role they play in the community and in today's healthcare delivery system. That’s why I’m here. There’s just something about the feeling of a community hospital that you don’t get in the larger systems; that sense of family, dedication, the ability to really make a difference.”
Making a difference in DKH’s bottom line in order to strengthen and expand the healthcare services available in Northeast Connecticut is a challenge that Beaudoin says he’s ready to meet.
“Having been through the same situation at community hospitals in Rhode Island, I know what needs to be done and I do think I can make a difference here,” he said.
Beaudoin praised Day Kimball’s efforts to improve operational efficiency in the face of steep funding cuts from the state in recent years and says he has plans to build upon that in the future.
“There’s been a lot of great work done already to set a new and stronger foundation and some impressive gains have been made. I'm looking forward to building on that to help Day Kimball grow in the future,” Beaudoin said. “There are always things you can’t control – state funding is one of them. But you need the ability to be flexible in the face of those challenges, and for that you need growth. That’s where my efforts will be focused as we continue to move forward," he continued.
DKH President and CEO Robert Smanik welcomed the addition of Beaudoin to Day Kimball’s administration. “Paul will play a key role in the next chapter of Day Kimball Healthcare’s history,” Smanik said. “It’s been a difficult few years for us financially, but we have ultimately come through those challenges a stronger organization. Now, we’re looking ahead and planning for an even stronger future and I know that I also speak for the rest of our administration and board of directors when I say I believe Paul has much to offer in helping to ensure our success.”
Beaudoin graduated Magna Cum Laude from Bryant College and holds a master’s degree in business administration. He is a Healthcare Financial Management Association (HFMA) Fellow and past board member and treasurer of the Massachusetts/Rhode Island chapter. Beaudoin is a native Rhode Islander and currently resides in West Greenwich, RI.