UCSF Health has named Raju Iyer as its new senior vice president and chief financial officer (CFO). In the role, he will be responsible for the financial strategy and services of the health system, which has an annual revenue of more than $4 billion.
“As the health care environment evolves and becomes increasingly competitive, our long-term financial strategy is key to UCSF’s continued success,” said Mark Laret, president and chief executive officer of UCSF Health, in a communication to employees. “With more than 18 years of experience in health care finance at a diversity of organizations, Raju brings an array of best practices as well as familiarity with the complexities of a health system like UCSF Health.”
Most recently, Iyer served as the regional chief financial officer for Providence St. Joseph Health in Northern California, where he was responsible for managing financial operations of five acute care hospitals, including forming a joint operating company with St. Joseph Health and Adventist Health. He also was chief financial officer for the Hospital Corporation of America Inc., Methodist Hospital & Methodist Children’s Hospital in San Antonio, a 900-bed quaternary care hospital including Methodist Children’s Hospital, Methodist Heart Hospital and Methodist Women’s Hospital.
He has managed financial operations of for-profit and nonprofit medical institutions, as well as adult and children’s hospitals. His work on mergers and acquisitions also will be valuable as UCSF Health continues to execute on its strategy of affiliating with other providers to develop a network of high-value care.
Iyer holds a master of science degree in accounting from the University of Illinois, Chicago and a bachelor of science degree in commerce from the University of Bombay.
He will oversee financial reporting, as well as capital management, decision support, government reimbursement, revenue cycle and health information management services for UCSF Health, including its affiliated physician networks. Iyer also will work closely with the dean of the UCSF School of Medicine, the clinical department chairs, and financial colleagues across the UC system.
Iyer will begin Nov. 1 and replace Barrie Strickland, who has served as CFO for the past eight years.
“Barrie has led a strong financial team through the transition from financial reporting for UCSF Medical Center to UCSF Health, and the affiliation with UCSF Benioff Children’s Hospital Oakland and other entities,” Laret said in a communication to UCSF Health employees. “She was central to the development of our Vision 2020 strategic plan, and an advocate for tight financial controls as well as prudent strategic investments.”