Chief Financial Officer
Eric joined the Senior Leadership Team at Schoolcraft Memorial Hospital in January 2023. Eric is a Marine Corps combat veteran. He has worked in various accounting roles over the past 25 years, including working for several healthcare organizations.
Before completing a Master’s of Business Administration from Keller Graduate School of Management, he gained broad experience as an accountant working in mortgage banking, manufacturing, broadcast media, and global logistics. After completing his master’s degree in 2011, Eric entered the healthcare industry as CFO at Idaho State Hospital South, an inpatient psychiatric hospital. He went on to lead a larger and more complex inpatient psychiatric hospital system in the state of Oregon in 2015. To diversify his experience in healthcare leadership, Eric began working in Critical Access Hospitals in 2019.
Eric grew up ranching with his father, a respected cattleman, in a rural community in the Snake River Valley of Idaho. He has a passion for delivering effective healthcare services to the communities he lives in. Eric is familiar with the challenges and opportunities facing the healthcare industry in rural areas, having worked in rural communities in Idaho, Alaska, and Oregon before joining Schoolcraft Memorial Hospital.
Eric is recognized as a thought leader in the healthcare industry and is often invited to speak at various conferences and industry events.
Eric believes that a successful healthcare entity is one that effectively blends the competing constraints of financial efficiency and clinical excellence through a collaborative effort between the business operations and clinical operations teams. He believes that the success of any healthcare system is dependent upon effectively understanding the needs of the patients and the community it serves.
Eric is currently pursuing a Doctor of Health Administration at Central Michigan University. He is a member of the United Way, the Veterans of Foreign Wars (VFW), and the American Legion.
Eric enjoys spending his time outdoors with his wife, Ann, and they both enjoy kayaking, hiking, and surfing during the summer. During the winter, they enjoy snowshoeing, cross-country skiing, and snowboarding.
Eric J. Price, MBA, Chief Fina… – Becker’s Healthcare Podcast – Apple Podcasts
Below are a few articles from Becker’s Hospital Review that featured Eric.
What 91 healthcare leaders say they need most to thrive
One of the greatest challenges of the last five years has been the level of uncertainty and volatility in both operational and financial trends. This is in part due to the challenges of emerging from the pandemic and the impact that had on forecasting and volume trending and the corresponding impact on financial trends. The more complex the hospital system, the more variables get introduced into strategic planning. Having confidence in the operational and financial data and forecasts being presented at the C-suite level will be critical for effective decision-making. Having accurate projections and predictive analytics will be crucial in effectively navigating the complex operational, regulatory, and financial landscape facing the industry in the next five years.
Big opportunities ahead for 55 health systems – Becker’s Hospital Review | Healthcare News & Analysis
Our biggest growth opportunity over the next two to three years would be to continue to expand access to our specialty services as well as evaluating ways to become more efficient and cost-effective for the delivery of all care areas. We are also working to improve the quality and content of data which we are capturing in order to deliver information to our Board, CEO, and key stakeholders as we navigate the next few years. Being able to understand the reasons the trends we are seeing in utilization of services are occurring will assist us in managing growth opportunities and reducing avoidable costs. Effective strategic management requires accurate, timely, and effective financial and operational metrics.
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