Three CFOs recount their proudest moments as finance chief.
Steve Filton, executive vice president and CFO of Universal Health Services (King of Prussia, Pa.): What I take great pride in is the growth of the company. When I joined the company in the mid-1980s, it had maybe 35 [or] 40 hospitals around the country and maybe $500 million of consolidated revenues. This coming year we'll have well over 300 domestic facilities and another 100 or so in the United Kingdom and over $11 billion of revenue. And what I'm proud of is not just the growth of the company, but the way the company has grown and yet really adhered to its core principles.
Michael McAnder, CFO of Piedmont Healthcare (Atlanta): One of our CEO Kevin Brown's strategic imperatives is stewardship — to make the best use of our resources as a nonprofit. With that in mind, I picked up the mantle of our Strategic Transformation and Resource Stewardship program. Since the [cost-cutting] program began in 2014 Piedmont has implemented about $220 million in margin improvements.
Jeanette Wojtalewicz, CFO of CHI Health (Omaha, Neb.): I'm so connected with the mission of Catholic healthcare, and our ability to serve patients is a big deal to me. But during this time [at CHI Health], the proudest moments were probably when we're faced with a significant challenge and a need to dramatically change how we manage our care and maybe bring costs down. [The proudest moments are] coming together to make the change and being successful.
More articles on healthcare finance:
Providence St. Joseph Health acquires revenue cycle platform: 4 things to know
For-profit hospital stock report: Week of Feb. 4-8
Intermountain, R1 RCM to open Salt Lake tech center in May