St.Vincent Announces New CFO

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St.Vincent has named Cheryl Harmon chief financial officer. She previously served in a similar role with Porter Health System in Valparaiso. March 3, 2015

News Release

INDIANAPOLIS, Ind. - Cheryl Harmon has been named the new Chief Financial Officer (CFO) of St.Vincent, a member of Ascension, the nation's largest Catholic and not-for-profit health system, effective March 9, 2015.

St.Vincent is a 22-hospital system, and one of the largest employers that serves central and southern Indiana. The 134-year-old health system is comprised of quaternary facilities, tertiary and critical access hospitals, specialty centers and a multi-specialty physician group. In addition, the faith-based health provider delivers high quality care in service areas such as cardiovascular, women’s health, pediatrics, neurosciences, cancer care, orthopedics, bariatrics and trauma.

In joining St.Vincent, Harmon will become part of Ascension’s integrated Finance team. The national health ministry's transition to a more aligned structure creates more consistency, enables the sharing of best practices and establishes more focus on its Mission of caring for all persons with special attention to those who are poor and vulnerable.

Harmon has previous experience in healthcare operations and financial strategy with skills in financial management with an emphasis on revenue enhancement and business growth. Prior to this new role, Harmon was the CFO at Porter Health System in Valparaiso, Ind. since 2006.

"I had the distinct pleasure of working with Cheryl during her time at Porter Health System, and she is an established health care executive who will be an integral part in helping lead our hospital system into the future," said Jonathan S. Nalli, chief executive officer of St. Vincent.

During her time at Porter, Harmon significantly boosted revenues through program growth, multiple acquisitions and partnerships; contract negotiations and improved revenue capture; reformed leadership culture to focus on growth, efficiency, and data driven decision making; secured more than 100 physician owners; and oversaw the successful completion of numerous clinical and financial system conversions.

Harmon has spent her career serving healthcare systems across the country - including in Wisconsin, Nevada and Illinois. Prior to joining Porter, she was Senior Vice President of the Central Illinois Region of Provena Health System in Mokena, Ill.

Harmon earned her bachelor's degree in Health Information Management from the University of Wisconsin and her Master of Business Administration from the University of Texas at Austin. She also earned designation as a Fellow of the Healthcare Financial Management Association.

About St.Vincent

St.Vincent is a nonprofit, spiritually-centered health system, sponsored by Ascension, the nation’s largest Catholic and not-for-profit health system. St.Vincent is one of Indiana's largest employers with 22 health ministries serving 57 counties in central and southern Indiana. The 134-year-old health system delivers high quality, compassionate care in service areas such as cardiovascular, women’s, children’s, neurosciences, cancer care, orthopedics, bariatrics, primary care, emergency medicine, imaging, general surgery and long-term acute care. For more information, visit www.stvincent.org.

About Ascension

Ascension is a faith-based healthcare organization dedicated to transformation through innovation across the continuum of care. As the largest non-profit health system in the U.S. and the world’s largest Catholic health system, Ascension is committed to delivering person-centered care to all with special attention to those who are poor and vulnerable. In FY2014, Ascension provided $1.8 billion in care of persons living in poverty and other community benefit programs. More than 150,000 associates and 35,000 affiliated providers serve in 1,900 sites of care - including 131 hospitals and more than 30 senior care facilities - in 23 states and the District of Columbia. In addition to healthcare delivery, Ascension subsidiaries provide a variety of services and solutions including physician practice management, venture capital investing, treasury management, biomedical engineering, clinical care management, information services, risk management, and contracting through Ascension’s own group purchasing organization.

Source: St.Vincent