Michael Petit
About Michael Petit
Michael Petit serves as the Chief Financial Officer at Novocardia, where he has worked since 2021. He has extensive experience in finance within the healthcare sector, having previously held CFO positions at APDerm and ConvenientMD Urgent Care, as well as various finance roles at Aetna and BAE Systems.
Current Role at Novocardia
Michael Petit serves as the Chief Financial Officer at Novocardia, a position he has held since 2021. In this role, he has played a significant part in transforming healthcare delivery through value-based care initiatives. He specializes in building financial infrastructure that supports aggressive scaling within healthcare organizations, enhancing operational efficiency.
Previous Experience in Healthcare Finance
Prior to his current role, Petit held various financial leadership positions in the healthcare sector. He was the Chief Financial Officer at ConvenientMD Urgent Care from 2020 to 2021. Before that, he served as Vice President of Finance at Aetna, a CVS Health Company from 2010 to 2015, and as Director of Finance from 2006 to 2010. His experience includes leading financial diligence and integration for multiple acquisitions in healthcare.
Background in Financial Management
Michael Petit has a robust background in financial management, having worked at BAE Systems in various roles including Program Controller, Finance Manager, and Contract Negotiator from 1996 to 2004. His early career laid the foundation for his expertise in financial operations and negotiations, which he has applied in the healthcare industry.
Education and Qualifications
Petit earned a Bachelor of Science in Accounting from the University of Massachusetts Lowell, where he studied from 1992 to 1996. He further advanced his education by obtaining a Master of Business Administration (M.B.A.) from Bentley University, completing his studies from 1997 to 2000. His educational background supports his extensive experience in finance and management.
Expertise in Revenue Cycle Management
Michael Petit has developed expertise in revenue cycle management improvement, focusing on enhancing financial operations within healthcare settings. His extensive experience in payer negotiations and developing value propositions for healthcare services has positioned him as a knowledgeable leader in the financial aspects of healthcare delivery.