Cynthia Thormodson

EVP, CFO at Blue Cross Blue Shield of North Dakota
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us****@****om
(386) 825-5501

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Credentials

  • CHFP
    Healthcare Financial Management Association (HFMA)
    Mar, 2016
    - Nov, 2024
  • CPA
    -

Experience

    • United States
    • Insurance
    • 500 - 600 Employee
    • EVP, CFO
      • Jan 2022 - Present

    • United States
    • Hospitals and Health Care
    • 700 & Above Employee
    • Senior Vice President/CFO
      • Sep 2017 - Jan 2022

    • Vice President & CFO
      • Apr 2017 - Sep 2017

    • Director of Finance
      • Aug 2016 - Apr 2017

    • United States
    • Hospitals and Health Care
    • 700 & Above Employee
    • Vice President Operational Finance
      • Oct 2013 - Jul 2016

    • United States
    • Hospitals and Health Care
    • 100 - 200 Employee
    • Audit Senior Manager
      • Jul 2010 - Oct 2013

      Through a risk-based and consultative approach, I work autonomously on-site with senior staff, including the CEO, CFO and Governance, to identify and evaluate risk, as well as develop and execute the internal audit function for the organization. Through a risk-based and consultative approach, I work autonomously on-site with senior staff, including the CEO, CFO and Governance, to identify and evaluate risk, as well as develop and execute the internal audit function for the organization.

    • United States
    • Accounting
    • 700 & Above Employee
    • Director
      • Nov 2005 - Jul 2010

      Provided external audit services to healthcare clients, which included health systems, hospitals, clinics, academic medical centers and long-term care facilities. Client size ranged in net patient service revenue from multi-million to multi-billion dollar organizations. Extensive OMB Circular A-133 audit experience. I was responsible for overseeing all aspects of an audit - planning, supervising fieldwork (teams of people ranging from three to ten), financial statement preparation and review… Show more Provided external audit services to healthcare clients, which included health systems, hospitals, clinics, academic medical centers and long-term care facilities. Client size ranged in net patient service revenue from multi-million to multi-billion dollar organizations. Extensive OMB Circular A-133 audit experience. I was responsible for overseeing all aspects of an audit - planning, supervising fieldwork (teams of people ranging from three to ten), financial statement preparation and review and presentation of deliverables reports to committees and boards of directors. I was responsible for serving as a career advisor to five employees. Responsibilities included meeting with advisees to set annual goals, formal and informal check-ins throughout the year to ensure that they were on track to meet goals and performed year end evaluations. Designated as a subject matter related to the healthcare revenue cycle. Responsibilities included offering thoughts and suggestions to audit teams in the planning phase of an audit to assist them with identifying and addressing the appropriate risks related to healthcare revenue cycle. Researched questions/issues as requested by audit teams. Developed a national training course on healthcare revenue cycle which was taught to experienced healthcare auditors. Member of a national team of people charged with the task of updating and enhancing the healthcare audit methodology utilized by the Firm. Duties included establishing goals and timelines and coordinating the distribution and collection of feedback and information from a variety of resources in order to update the existing methodology. Show less Provided external audit services to healthcare clients, which included health systems, hospitals, clinics, academic medical centers and long-term care facilities. Client size ranged in net patient service revenue from multi-million to multi-billion dollar organizations. Extensive OMB Circular A-133 audit experience. I was responsible for overseeing all aspects of an audit - planning, supervising fieldwork (teams of people ranging from three to ten), financial statement preparation and review… Show more Provided external audit services to healthcare clients, which included health systems, hospitals, clinics, academic medical centers and long-term care facilities. Client size ranged in net patient service revenue from multi-million to multi-billion dollar organizations. Extensive OMB Circular A-133 audit experience. I was responsible for overseeing all aspects of an audit - planning, supervising fieldwork (teams of people ranging from three to ten), financial statement preparation and review and presentation of deliverables reports to committees and boards of directors. I was responsible for serving as a career advisor to five employees. Responsibilities included meeting with advisees to set annual goals, formal and informal check-ins throughout the year to ensure that they were on track to meet goals and performed year end evaluations. Designated as a subject matter related to the healthcare revenue cycle. Responsibilities included offering thoughts and suggestions to audit teams in the planning phase of an audit to assist them with identifying and addressing the appropriate risks related to healthcare revenue cycle. Researched questions/issues as requested by audit teams. Developed a national training course on healthcare revenue cycle which was taught to experienced healthcare auditors. Member of a national team of people charged with the task of updating and enhancing the healthcare audit methodology utilized by the Firm. Duties included establishing goals and timelines and coordinating the distribution and collection of feedback and information from a variety of resources in order to update the existing methodology. Show less

    • United States
    • Hospitals and Health Care
    • 100 - 200 Employee
    • Senior Manager
      • Aug 2004 - Nov 2005

      I worked in internal audit at a 200 bed hospital. Responsible for developing a risk-based audit plan and completing audits on the plan and presenting to the audit committee. Managed 2 other audit managers. I worked in internal audit at a 200 bed hospital. Responsible for developing a risk-based audit plan and completing audits on the plan and presenting to the audit committee. Managed 2 other audit managers.

    • Senior Associate
      • 1999 - 2004

    • United States
    • Accounting
    • 700 & Above Employee
    • Associate
      • 1997 - 1999

Education

  • Concordia College
    Bachelor of Arts, Accounting
    1993 - 1997
  • Rolla High School
    Diploma
    1989 - 1993

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