Tony Banda, CPA, MBA, MHA
Tony Banda is a seasoned senior financial executive with extensive healthcare experience and a proven record of accomplishments in financial management and healthcare operations.
Prior to joining HMA, Tony served as vice president of finance and supply chain at JPS Health Network. He was responsible for the effective operations of accounting, financial planning and reporting, and reimbursement and supply chain functions for a $1.5 billion public hospital. He developed improved models for accounts receivable valuation and net revenue recognition and led successful operating budgets that met targets under incredibly challenging conditions. Tony instituted a capital budgeting process that employed a multidiscipline committee and traditional corporate finance methods for capital allocation.
Tony served as senior director of finance at Cook County Health and worked as the chief financial officer/CFO at Franciscan Health, where he provided effective leadership and financial and operational guidance. He led several million-dollar initiatives to enhance revenue and reduce costs, resulting in a $30 million turnaround and return to profitability. A major accomplishment while at Franciscan Health was leading a strategic financial analysis and planning project surrounding a $140 million master facility plan capital project to merge the campuses of a two-campus hospital that spanned a few years and was executed successfully.
Tony has prior healthcare consulting experience with a “big four” firm, where he advised clients on financial, operational, and regulatory matters, including transaction due diligence.
Tony’s areas of expertise include healthcare finance and financial and capital planning, financial turnaround, reimbursement and regulatory compliance, physician relations, managed care models, and process improvement. He is a creative problem-solver and strategic thinker focused on long-term organizational success and has extensive experience with cost reporting and reimbursement and regulatory matters.
Tony has a Master of Health Administration from the University of Saint Francis, a Master of Business Administration from Loyola University, and a bachelor’s degree in accounting from Illinois State University. He is a certified public accountant.