Becker's Hospital Review recognizes Ivinson's CEO and CFO

CEOs to know, Doug Faus

Community hospital CEOs are tasked with delivering coordinated and affordable care to local patients. Top community hospital executives ensure that patients can access not only acute care but also primary care, rehabilitation, public health services and other resources.

The leaders featured on the Becker’s list shape workforce culture, plan for the future, broaden hospital offerings and sustain financial wellness for their community hospitals. The list honors CEOs for their dedication to improving community health. Becker’s Healthcare is thrilled to feature the accomplishments of these leaders, who are critical to the successes of their respective organizations.

The Becker’s Hospital Review editorial team accepted nominations and curated the list to highlight the great work of CEOs from community hospitals across the nation.

Under Faus’ leadership, Ivinson Memorial Hospital has been recognized as a top 20 rural and community hospital by the National Rural Health Association (NRHA) in the Spring of 2026. Faus has led Ivinson through two major transitions during his tenure as CEO. In 2019, Ivinson transitioned to a 501c(3) nonprofit hospital and successfully implemented a new electronic health record system. In the thirteen years of Faus’ leadership, Ivinson has experienced tremendous growth with numerous renovations and expansions to the hospital facilities, most recently taking on Ivinson Urgent Care to keep a locally loved clinic and its services available to the community. The substantial growth is also attributed to reinvesting in the extended life of the hospital as seen with the renovation and expansion of the Meridith and Jennie Ray Cancer Center.

CFOs to know, Jim Bands

Ivinson Memorial Hospital’s Chief Financial Officer, Jim Bands was recently recognized by Becker’s Hospital Review as one of 41 Rural Hospital and Health System CFOs to Know in 2026.
Rural hospital CFOs play a critical role in preserving healthcare access in the communities they serve. These financial leaders are responsible for ensuring their organizations remain stable and sustainable while providing high-quality and affordable care.

Each CFO featured on Becker’s list demonstrates strong financial stewardship, strategic planning and a commitment to strengthening the long-term success of rural healthcare. The list highlights CFOs for their dedication to improving access to care and supporting the vitality of the communities they serve. Becker’s Healthcare is proud to recognize the innovation and leadership of these executives.

Since joining Ivinson in 2016, Jim Bands has overseen all financial operations for the licensed 99-bed rural community hospital, including accounting, patient financial services, third-party reimbursement, and financial and statistical reporting. He leads revenue cycle, materials management, IT, and compliance, partnering with the hospital foundation on long-term sustainability.

Under Bands’ leadership, he led the hospital system’s 2019 conversion to a 501(c)(3) nonprofit and secured $3.1 million in state grant funding to expand and renovate the emergency department. Major projects under his direction include improvements to the behavioral health unit and infusion room expansion for the Meredith & Jeannie Ray Cancer Center. Additionally, he spearheaded a master facility plan and instituted a conservative, liquid investment strategy, supporting award-winning performance recognized by Chartis, Global Healthcare Exchange, Leapfrog, and CMS.

See the full lists featuring individual profiles of all CEOs and all CFOs to know.