A homecoming for new Baptist Health CFO

December 07, 2022

Rick Carrico is returning to his home state.

(LOUISVILLE, KENTUCKY) DEC. 7, 2022 – Rick Carrico is returning to his home state to take the position of chief financial officer for Baptist Health, Kentucky’s largest health system.

He will be replacing Steve Oglesby who will be retiring after nearly 30 years of service. Oglesby opted for early retirement to spend more time with his family and perform more volunteer work.

Carrico currently serves as executive vice president and CFO for WakeMed Health and Hospitals in Raleigh, North Carolina where he is responsible for finance, including planning, analytics, information systems technology, revenue cycle, managed care contracting and strategic business planning. The 941-bed health system includes three full-service hospitals, seven emergency departments, a dedicated Children’s Hospital and Rehabilitation Hospital, more than 80 physician offices and 715 employed physicians and advanced practitioners.

 Carrico earned a bachelor’s degree in accounting at Bellarmine University and his MBA from the Mendoza College of Business at the University of Notre Dame. He graduated from St. Xavier High School in Louisville and previously served on the school’s board of directors.

With nearly 40 years of healthcare-related experience under his belt – and deep roots in Kentucky – the certified public accountant was a natural fit for the position.

“Rick Carrico has the background that we were looking for – experience with bond rating agencies, strategy development, investment management, treasury, the workings of a complex healthcare organization and the desire to take on a new challenge,” said Gerard Colman, Baptist Health CEO. “He will be joining us as Baptist Health expands access to our healthcare facilities and continues to execute on our key strategies while strengthening our financial position.”

“I am honored to join the Baptist Health team as chief financial officer,” said Carrico. “It is exciting to return to Kentucky, where I was born and raised and my healthcare career began. Given the challenges of today/s healthcare industry, I look forward to furthering Baptist Health’s mission to provide high quality care and improve the health of the Kentucky and southern Indiana communities they serve.”

Prior to joining WakeMed, Carrico served as vice president and CFO of Greater Hudson Valley Health System in Middletown, New York from 2014 to 2017. From 2011 to 2014, he was the executive vice president and CFO of Springstone LLC, in Louisville, a developer and operator of a national network of behavioral health hospitals.

From 2004 to 2011, he served as associate CFO at Norton Healthcare which he joined after 15 years of increasing responsibility at Kindred Healthcare where he rose to vice president of internal audit.  

Carrico began his healthcare career in the internal audit department at Humana, followed by a stint in Florida with Basic American Medical at its flagship hospital in Fort Myers.  

The married father of three is a U.S. Masters swimmer and former marathon runner who has also climbed Mount Rainier.