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10 notable CFO transitions in 2023

Here are 10 of this year s hospital and health system CFO moves in 2023 that captured the attention of Becker s readers. 

Health systems shuffle CFOs

UPMC, MetroHealth, and Keck Medicine of USC have all announced new CFOs in the last month.

UPMC recruits Novant's CFO

UPMC has named Frederick Hargett as its new executive VP and CFO, joining from Novant Health where he served for 15 years. UPMC is a 40-

UPMC names new chief financial officer

UPMC has tapped Frederick Hargett as its executive vice president and chief financial officer, effective Oct. 1, succeeding Edward Karlovich. Hargett comes to UPMC from Novant Health, Inc., a Winston-Salem, N.C.-based health system that encompasses 16 medical centers, more than 1,900 physicians and outpatient surgery centers, rehabilitation programs, diagnostic imaging

UPMC sees growth in insurance usage during first 6 months of the year [The Tribune-Review, Greensburg]

UPMC operating income drops 82%

UPMC reported an 82% drop in operating income for the first six months of 2023, representing a 0.1 percent operating margin.

UPMC sees growth in insurance usage during first 6 months of the year

More people are using UPMC’s insurance options, particularly in Eastern Pennsylvania. The Pittsburgh-based health care giant reported an 11% increase in insurance enrollment, bringing membership to about 4.5 million during the first half of 2023. UPMC attributed the growth to its expansion of behavioral health and Medicaid products into the

UPMC's H1 2023 Financials Show Patient Care Investment Amid Challenges

UPMC still investing for the long term, CFO says

UPMC is investing in long-term priorities despite post-COVID-19 financial strain, increasing enrollment from 4 million to 4.5 million members and signing a lett

COVID leaves financial strain on health care systems