Mountain View, CA - February 28, 2014 - El Camino Hospital today announced that it has appointed Iftikhar Hussain as the hospital's new Chief Financial Officer (CFO). Mr. Hussain will replace interim CFO, Ned Borgstrom, starting in April.
”Iftikhar brings a proven track record of careful fiscal management, organizational leadership and innovative thinking that will be a tremendous asset to our hospital," said Tomi Ryba, president and CEO of El Camino Hospital. "The next couple of years will bring some exciting changes to El Camino Hospital that will allow us to better serve our patients and create greater operational and cost efficiencies. Iftikhar has experienced many of these changes and will be able to provide us with critical guidance as we embark on our journey.”
Mr. Hussain previously served as the chief financial officer of Mills-Peninsula Health Services in Burlingame, Calif., where he consistently exceeded earning targets while increasing charity care and investing in growth and process improvement initiatives. In 2013, he helped the hospital achieve record EBITDA, far above the industry average. He completed a hospital replacement project at a favorable margin of cost per bed and was the first in the Sutter Health system to implement the clinical and revenue cycle EPIC system achieving a national EPIC record by coordinating the distribution of patient bills 7 days post go-live. An innovative leader, he partnered Finance Masters graduates with operations teams to identify improvement initiatives, which led to a $21 million operations improvement plan. Further, he led the creation of a web site to help patients assess out-of-pocket healthcare costs, which had 3,500 hits in the first year.
Prior to his position at Mills-Peninsula Health Services, Mr. Hussain has held include Director of Finance at Alta Bates Summit Medical Center in Oakland, Calif., more than 12 years where he consolidated operations within four months of the merger between Alta Bates Medical Center and Summit Medical Center. He also spent five years as the Director of Accounting Services at Mercy Healthcare/Catholic Healthcare West in Sacramento, Calif., and four years at – what was formally known as – Arthur Andersen.
He holds a Bachelor of Science in Finance and Accounting from the University of California at Berkeley. He is a member of the Healthcare Financial Management Association.