Larry Steenvoorden Cpa MBA
About Larry Steenvoorden Cpa MBA
Larry Steenvoorden is the Chief Financial Officer at CareCloud, where he has implemented key financial strategies and led significant cost reduction initiatives. He has held various senior financial roles, including positions at Chembio Diagnostics, Accordion Partners, and Siemens Healthcare Diagnostics.
Work at CareCloud
Larry Steenvoorden currently serves as the Chief Financial Officer at CareCloud, a position he has held since 2023. In this role, he has developed key performance indicators (KPIs) related to revenue and EBITDA that have guided the company's performance and communication with public markets. He has successfully negotiated a debt agreement with a lender, resulting in revised terms and covenant modifications favorable to the company. Additionally, he led a cost reduction initiative that improved cash flow by over $10 million. Steenvoorden also implemented a detailed 13-week cash flow modeling process, enhancing transparency in spending and cash management.
Previous Experience
Before joining CareCloud, Steenvoorden held several significant positions. He was the Chief Financial Officer and Executive Vice President at Chembio Diagnostics, Inc. from 2022 to 2023. Prior to that, he worked at Accordion Partners, where he served as Director from 2017 to 2018 and later as Senior Director from 2019 to 2021. His experience also includes a role as Controller and Global Head of Business Planning & Controlling at Siemens Healthcare Diagnostics from 2012 to 2016. Steenvoorden began his career as a Senior Accountant at Ernst & Young from 1992 to 1996.
Education and Expertise
Larry Steenvoorden has a solid educational background in finance and accounting. He studied at the University of Delaware, where he earned a Bachelor of Science degree in Accounting from 1988 to 1992. He later pursued further education at Rider University, achieving a Master of Business Administration (MBA) with a focus on Finance since 2000. His academic qualifications complement his extensive experience in financial management and strategic planning.
Background
Steenvoorden has built a career in finance and accounting over several decades, with a focus on leadership roles in various organizations. His professional journey includes significant contributions to financial strategy and operations in the healthcare diagnostics sector. He has developed a reputation for implementing effective financial practices and enhancing organizational performance through strategic initiatives.
Achievements
Throughout his career, Larry Steenvoorden has achieved notable milestones in financial management. At CareCloud, he has led initiatives that resulted in substantial cash flow improvements and enhanced financial transparency. His ability to negotiate favorable debt agreements and implement effective cash management processes demonstrates his expertise in navigating complex financial landscapes.