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October 14, 2008

CHW names two executives to share COO duties

Filed under: finance — Tags: , — ManInBlack @ 12:49 pm

Catholic Healthcare West, the San Francisco hospital system that is the eighth largest in the nation, said Monday that two senior executives will share executive vice president/COO positions within the 41-hospital organization.

Bill Hunt and Marvin O’Quinn, the two executives, will each have operational responsibility for about half of CHW’s facilities. They replace Michael Erne, who retired this month after being with CHW since 1997, officials said Oct. 13.

By making this move, CHW said, it has eliminated three “group president of operations” positions, resulting in a flattening of the operations structure for the organization.

Hunt was promoted from an internal position as president of group operations, responsible for overseeing the operations of 15 hospitals in Northern California and Reno, Nevada. He had held several leadership roles at CHW since 1996, officials said.

He also served as president/CEO of the CHW Medical Foundation, a 300-plus physician group practice in Northern California. In his new role Hunt will be responsible for operations in Northern California from the Oregon border south to Kern County, CHW said, along with “physician engagement efforts” throughout the 41-hospital system.

O’Quinn is currently president and CEO of Miami’s Jackson Health System, where he will remain until year-end. He will join CHW Jan. 1.

He will be responsible for facilities in Arizona, Nevada and California from San Luis Obispo south, along with integrated process management and ambulatory operations cheap payday advance.

“Bill and Marvin bring a breadth of health-care experience to CHW,” Lloyd Dean, CHW’s president and CEO, said in a statement. “They are ideally suited to this role, I have the utmost confidence in their leadership, and I look forward to working with them to further strengthen our ministry and ensure that all who need health-care are able to receive it.”

Dean added that the two-headed COO model’s benefit is “a much broader range of expertise and oversight for an organization of our size than would be possible under the conventional, single-executive approach.”

Late last week, CHW reported that its operating income for the fiscal year ended June 30 dropped 47 percent, revenue grew 12 percent, and investment income dropped 81 percent, due largely to accounting changes and one-time write-offs, according to a report in the Sacramento Business Journal, an affiliated publication. Operating income fell to $160 million in core businesses, down from nearly $300 million the previous year.

Net income, meanwhile, tumbled to $170 million from $891 million the prior year, the Sacramento paper reported, but would have been $485 million not including one-time events.

The three-state system has nearly 10,000 doctors and 53,000 employees.

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