Fabian A. Stone – MHA, MBA, MT (ASCP), Vice President, Revenue Cycle Operations
Children's Hospital of Philadelphia (CHOP)
Fabian is Vice President, Revenue Cycle Operations at Children’s Hospital of Philadelphia (CHOP), Philadelphia, PA. In his current role, Fabian leads initiatives for transforming the revenue cycle. He leads the effort to redesign processes, implement new technologies, and optimize workflows to achieve operational excellence and financial stability. Specifically, he is guiding actions related to: (a) revenue integrity, which involves incorporating best practices to ensure revenue integrity, including charge capture, coding accuracy, documentation improvement, compliance, and billing regulations and guidelines; (b) maintaining internal control safeguards, which involves ensuring compliance with relevant regulations, standards, and directives from regulatory agencies and third-party payers, and providing accurate information on all facility or health system coding and billings; (c) ensuring patient financial experience satisfaction, which involves cost-effective and efficient processes, managing internal and external customer outcomes, and maintaining relationships with management at all system facilities; (d) incorporating technology innovations, which involves emerging evidence-based technologies and digital solutions for revenue cycle optimizations; and (e) spearheading financial forecasting and planning, which involves cost center salary and direct expenses, financial reporting, receivable levels, cost center productivity, and departmental strategic planning.
Fabian is an experienced healthcare professional who has worked in the field for over 28 years. He was an Associate Vice President of Revenue Cycle and Health Information Management for the Patient Revenue Management Organization at Duke University Health System in Durham, North Carolina. He has also held various positions, including clinical provider, healthcare, and revenue cycle leader. Fabian has a strong record of transformational leadership and has tackled essential topics such as health equity and social determinants. He is passionate about addressing health disparities and systematic barriers to equitable healthcare. Fabian’s expertise includes health workforce and leadership, including change management, leadership development, and talent management. He is knowledgeable in data analytics and has used it for decision-making, quality improvement, and care coordination. Furthermore, Fabian is passionate about healthcare innovation and entrepreneurship. He enjoys fostering innovative collaboration to drive and support healthcare startups, incubators, and accelerators to develop and scale innovative solutions that improve healthcare delivery.
Fabian has demonstrated high standards in various administrative and leadership roles, earning him the respect of his constituents. As a qualified thought leader, he is always willing to share his knowledge and experience with others. In 2015, Fabian was recognized by his colleagues with the Award for Outstanding Achievement in Healthcare Leadership.
Fabian is a skilled leader with a strong scholarly background in strategic cost optimization, talent management, technology, and revenue cycle management in healthcare. He has been featured in the American Healthcare Leader newsletter twice – once in September 2023, where he spoke about the importance of transparency in bringing about change, and again in November 2018, where he presented his innovative tech-centered approach to addressing healthcare revenue challenges.