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Olaf Faeskorn, Named VP Revenue Cycle

The Tolan Group (TTG), a Hunt Scanlon Top 40 Healthcare Executive Search Firm, is pleased to announce the successful placement of Olaf Faeskorn as the Vice President of Revenue Cycle for South Georgia Medical Center. South Georgia Medical Center is a leading healthcare institution committed to providing high-quality medical services to the communities it serves. With state-of-the-art facilities and a dedicated team of healthcare professionals, South Georgia Medical Center offers a comprehensive range of medical specialties and services, including advanced diagnostics, surgical procedures, and specialized care.

Prior to joining South Georgia Medical Center, Faeskorn held key leadership positions at Lahey Health in Burlington, MA, where he served as the Executive Director of Coding and Health Information Management and Utilization Review. In this capacity, he successfully restructured the utilization review process and the health information management teams, aligning them within the revenue cycle framework. Faeskorn provided operational and strategic support to the Chief Revenue Officer/Senior Vice President during a period of rapid organizational growth and hospital mergers.

With a strong focus on driving efficiencies and improving financial outcomes, Faeskorn effectively managed a $15 million budget for coding, health information management, and utilization management. He achieved significant savings on vendor contracts and enhanced the Case Mix Index (CMI) results through education, process changes, and operational efficiencies.

Faeskorn's leadership has been instrumental in driving several initiatives, including improving intra- and interdepartmental communication, preventing denials, optimizing clinical documentation, and implementing effective training and education programs for healthcare providers. Additionally, he has played a vital role in technological advancements, spearheading initiatives such as infusion coding and billing, and contributing to the successful rollout and adoption of the EPIC electronic health record system.

Faeskorn holds an MBA in Health Sector Management from Boston University School of Management, and he is a registered nurse with certifications as a Certified Professional Coder (CPC) and Certified Outpatient Coder (COC). He has actively participated in major EPIC rollouts at Lahey Health and Partners Healthcare/MGH-Brigham.

Throughout his career, Faeskorn has demonstrated a collaborative leadership style, empowering his teams and fostering a culture of mentoring. His dedication to building strong relationships between revenue cycle teams and clinical leadership, coupled with his clinical background, allows him to have meaningful conversations with providers and staff.

The Tolan Group (TTG), a Hunt Scanlon Top 40 Healthcare Executive Search Firm, executed this search assignment. Rachel Gauthier, Managing Partner, and Mallory Schmidt, Senior Search Consultant, led the search efforts for TTG.


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