Lue Thao

CFO at Community Health Centers

Lue Thao is currently the Chief Financial Officer at Community Health Centers. In this role, they oversee and manages all key finance functions for the organization, which has a budget of $160 million and over 800 employees. Lue has led a $75 million debt restructuring and bond financing to stretch shorter term loans to over 30+ years, resulting in interest expense savings and $40 million in cash flow reduction over the next 4 years. Lue has also increased cash flows by over 200% in one year, enhanced Medi-Cal reimbursement rates by 35%, and improved Days of Cash on Hand to 130+ days.

Prior to their current role, Lue was the Controller at Community Health Centers. In this role, they were responsible for accounting, financial forecasting and budgeting, revenue cycle process including billing and coding, accounts receivable, patient revenue collection, general and grant accounting, internal control, auditing, investment management, procurement, accounts payable, payroll, financial analysis, cost reports, financial reporting, and management of funding sources.

Lue has a degree in accounting from the University of Minnesota.

Lue Thao has a Master of Business Administration (MBA) from Lewis University and a Bachelor of Science (BS) in Accounting and Business/Management from Illinois State University.

The team of Lue Thao, CFO, is responsible for the financial operations of the company. This includes budgeting, forecasting, and reporting. They also work closely with the other departments to ensure that the company is running smoothly and efficiently.

Links

Previous companies

Snap-on logo

Timeline

  • CFO

    Current role