Health News 5/22/13
Adena Names New Healthcare CFO
Kevin M. Murphy has joined Adena Health System as its Chief Financial Officer (CFO). He has more than 22 years of experience as a healthcare CFO in the health care industry.
Murphy most recently served as Senior Vice President & CFO for Hurley Medical Center, located in Flint, MI. There he led efforts to affect financial turnaround, yielding positive operating margins following five proceeding years of loss. Murphy also served as Vice President of Finance/CFO for the Middletown Regional Health System, located in Middletown, OH. He represented the hospital in negotiations with Premier Health Partners, resulting in a joint-operating agreement that provided Middletown with an $80 million equity infusion. Murphy was also the responsible executive overseeing the development of the health system’s 2007 Atrium Medical Center development project.
“Kevin brings a strong background in health care financial management to Adena,” said Adena President and CEO Mark Shuter. “I’m confident he has the expertise to assist Adena in financially navigating today’s changing health care climate, while offering the maximum potential for future success.”
Murphy earned a Bachelor of Arts in Economics from St. Anselm College (Manchester, NH); a Master of Arts in Economics from the University of Notre Dame; and a Master of Business Administration from Wharton School, University of Pennsylvania. He and his wife plan to make their home in Chillicothe.