Adventist HealthCare Names New CFO and Continues Its Focus on Growth
Leadership transitions reflect healthcare system’s commitment to strategic innovation
Gaithersburg, MD – Adventist HealthCare (AHC) recently announced the appointment of a new Chief Financial Officer and the increased focus of its previous CFO to oversee the company’s strategy and growth in the changing healthcare marketplace.
James Lee, who has contributed significantly to Adventist HealthCare’s strong financial position for the past 20 years primarily as Executive Vice President and Chief Financial Officer, will be transitioning to the new role of Executive Vice President and Chief Strategy & Growth Officer. During his time as CFO, Lee’s leadership led to a significant reduction in net days in accounts receivable, reducing overall costs by $27M over five years, strengthening the system’s cash position and reducing facility and construction expenses while increasing use of green energy. Lee also directed the financial management that allowed the system’s historic Washington Adventist Hospital to transition into AHC’s state-of-the-art White Oak Medical Center, continuing the company’s legacy of being the first and largest provider of healthcare in Montgomery County.
Lee’s new role, overseeing the company’s strategy and growth, aligns with Adventist HealthCare’s focus on expanding high-quality healthcare services in the region. The recent purchase of Fort Washington Medical Center, a three-year MSA with Howard University Hospital and multiple joint ventures including the construction of medical pavilions in National Harbor reflect the company’s growth trajectory. Lee will oversee the system’s growth initiatives which will center on innovative ways to enhance the comprehensive patient journey, from building health awareness in community members to providing comprehensive care to maintaining total well-being. "I am excited to help bring new healthcare opportunities to our community and honored to be part of Adventist HealthCare’s leadership in modeling increasingly effective and advanced ways of delivering care," says Lee.
As part of this leadership transition, Kristen Pulio will serve as the system new Senior Vice President and CFO. In her most recent role as the company’s SVP and Chief Revenue Officer & CFO Non-Hospital Services, Pulio optimized revenue opportunities through favorable rate negotiation, evaluation of alternative reimbursement strategies, uncompensated care funding methodology improvements, and strategic consolidation of the company’s reimbursement structures.
Additionally, Pulio set strategic direction for a highly coordinated and consolidated health system revenue cycle function which drove a 25% reduction in the total cost to collect while continuing to accelerate cash and drive improved net revenue. Pulio also participated in a number of committees and workgroups at the state level to evaluate and recommend payment policy under Maryland’s all payer model and worked to implement an enterprise-wide data management and business intelligence function. "As CFO, I look forward to working with a remarkable and dedicated team of financial leaders as we focus on the continued and increasing financial strength of Adventist HealthCare in the pursuit of providing world-class care." says Pulio.
"I would like congratulate both James and Kristen on achieving many significant milestones and accomplishments for Adventist HealthCare," says Terry Forde, Adventist HealthCare President and CEO. "I am very optimistic that their leadership in these roles will continue to effectively expand our mission in this region."