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New CFO at Rugby hospital

By Staff | Aug 3, 2018


When thinking about careers in high school, Lee Holter had always wanted to be an accountant.

And the new chief financial officer at the Heart of America Medical Center got to do it in, as he put it, a “roundabout” way.

Holter came to the realization that if he wanted to stay in his accounting field he was going to have to learn computers. He developed in skills in older programs, some of which are no longer in use, and got qualified to teach certain programs. When there was an opening as a financial analyst in the budget department at Sioux Valley Hospital (now Sanford Health) in Sioux Falls, S.D., Holter took it.

“When I got into healthcare, I just never looked back,” Holter said.

In nearly 30 years of financial experience, Holter has served in various roles, including Director of Finance, and as a CFO in non-profit, critical access hospitals.

“Serving small hospitals, rural communities, has been a challenge to keep hospitals financially viable,” said Holter, “and it’s a challenge I enjoy.”

Holter started in his post as HAMC’s CFO on June 18, coming from a community medical center in Cordova, Alaska. Holter saw that Rugby has a diverse healthcare organization that offers a critical access hospital, a rural health clinic, basic care and assisted living.

“These are all programs the community needs and the hospital can furnish,” Holter said.

As CFO Holter’s duties including overseeing HAMC’s finances; making sure procedures and accounting standards are in place so everything is accounted for; reporting budgets and finances to the hospital administration and governing board; and submitting cost reports to the state and federal governments.

Aware of the difficult transition the hospital has gone through, Holter said another duty of his has been to encourage hospital employees to continue in their jobs.

“We’re a team, we have to work together,” said Holter. “As we continue on into the future there will be cross-training going on and celebrations of success. Not only do I have to control the finances, I also have to encourage people. And that’s fun.

“There’s good people here and they want the hospital to do well. They continue to work in their chosen fields, nurses on down to housekeeping, they’re all important.”

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