Identify: Alice Pope
Earlier title: Chief monetary officer, Inova Health System
New title: Govt vp and chief monetary officer, Novant Health
Courtesy of Novant Health
Pope will take on the CFO function on Could 13, the Winston-Salem, North Carolina-based Health system mentioned Thursday.
She beforehand served as CFO at Inova Health System in Virginia. She was additionally the chief monetary government at HonorHealth in Arizona and Wellmont Health System in Tennessee.
Pope will present strategic management, planning and suggestions to make sure monetary stability at Novant, the system mentioned.
The chief appointment helps fill out the system’s management staff, which has been impacted by current departures. Novant’s earlier CFO, Frederick Hargett, joined UPMC last year after 15 years on the North Carolina-based supplier. Jeff Lindsay, Novant’s former chief working officer, Health-welcomes-jeff-lindsay-as-new-president-and-coo/”>started work at UNC Health late final 12 months following an almost three-decade profession on the system.
Novant performed a number of rounds of layoffs final 12 months. In October, the system lower 160 Jobs, saying the layoffs throughout the system would assist IT function extra effectively amid a “difficult healthcare surroundings.” IT reported $460.8 million in extra revenues over bills in 2023, in contrast with a $222.8 million loss in 2022.
The system has pursued acquisitions in current months as nicely. In February, Novant closed a $2.4 billion buy of three South Carolina hospitals from Tenet Healthcare.
The supplier is making an attempt to purchase two North Carolina hospitals from Neighborhood Health Techniques too, however the Federal Commerce Fee sued to dam the deal earlier this 12 months. The company mentioned the acquisition would scale back competitors within the area and enhance healthcare prices. The case Health-inc-community-Health-systems-inc-matter”>is ongoing.
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