Executive Vice President and CFO Honored with Leaders in Finance Award
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WYCKOFF, NJ — Kevin Stagg, CPA, Executive Vice President and CFO of Christian Health, was named a 2023 Leaders in Finance Honoree by NJBIZ, New Jersey’s leading business journal. The award celebrates New Jersey’s financial executives for their innovative contributions to the success of their company and to the community.
Mr. Stagg holds essential responsibilities toward ensuring the overall financial viability of Christian Health and exemplifies leadership by continuously seeking new innovative solutions and process improvements. He carries out his work enthusiastically and displays managerial competence, decisiveness and loyalty.
“Kevin’s innovation, ambition and dedication make him an undeniably vital asset to Christian Health’s success and longevity,” said Douglas Struyk, CPA, LNHA, Christian Health CEO. “We are so grateful to have him on our leadership team and are proud to congratulate him on receiving this deserved honor.”
In his role as CFO, Mr. Stagg has developed a strategic debt-restructuring program that allowed Christian Health to decrease its borrowing cost by more than 50 percent. He redesigned and implemented new revenue-cycle processes, which significantly increased the organization’s revenue. Mr. Stagg also developed multiple operational, financial and clinical dashboards for real-time management to allow company leaders to make calculated and timely decisions. Along with other Christian Health leaders, Mr. Stagg pioneered the implementation of the first full electronic medical record system in New Jersey for nursing homes and assisted living residences.
Mr. Stagg was instrumental in many financing transactions for a variety of challenging projects, including the construction of Christian Health’s continuing care retirement community, The Vista, and renovations to the Summer Hill community. His innovative approach to financing and diligent work to secure federal and state funding during the COVID-19 pandemic has ensured Christian Health’s viability and continued growth.
In addition to overseeing the Finance Department at Christian Health, Mr. Stagg is responsible for the Health Information Management, Information Services and Materials Management departments and is the current executive board chair of the Health Care Association of New Jersey (HCANJ).
Mr. Stagg will receive his award at a ceremony held at The Doubletree by Hilton Somerset, in Somerset, New Jersey, on April 25, 2023, at 8 a.m.
About Christian Health
Founded in 1911, Christian Health is a nonprofit health care organization offering a continuum of high-quality senior living, short-term rehabilitation, and mental health services. For more than a century, Christian Health has grown and expanded to meet the changing needs of the community. Today it offers excellence in independent living, assisted living, skilled nursing care, short-term rehabilitation (post-acute care), memory support, and mental health services in a manner consistent with the Christian principles upon which the organization was founded.