June 01, 2004
Andrew DeVoe Appointed Senior
Vice President and Chief Financial Officer for the
University of Pennsylvania Health System
(Philadelphia, PA) -- Andrew DeVoe
has been named Senior Vice President and Chief Financial
Officer for the University of Pennsylvania Health
System (UPHS), effective May 10, 2004. Prior
to joining UPHS, DeVoe served as Regional Vice President
of Finance for Tenet Healthcare Corporation.
other major responsibilities, DeVoe will be accountable
for leading the UPHS capital- and operating-budget process,
providing financial support to the UPHS leadership team
in the development of strategic and operating plans,
partnering and integrating financial services to support
UPHS business objectives and missions, leading the implementation
and oversight of efficient customer-focused financial
processes and systems, and providing appropriate management
controls and stewardship of assets.
“Andrew’s career path shows wide experience
in financial management and operations, as well as planning
and strategy,” said Ralph W. Muller,
Chief Executive Officer of UPHS, in announcing the appointment.
“He has successfully guided financial turnarounds
and stable operations; and we are confident of his ability
to support us in developing long-term financial strategies
“At UPHS, Andrew will work closely with the leadership
teams at the Health System, the School of Medicine,
and the University to meet performance objectives of
the PENN Medicine Strategic Plan,” added Muller.
“He will also work closely with our financial
managers on critical day-to-day operations.”
DeVoe’s extensive and geographically diverse
experience in for-profit health-care systems has positioned
him well to assume the top financial position in UPHS,
one of the nation’s leading academic health systems.
During his eight-year tenure with Tenet Healthcare Corporation,
DeVoe served as Chief Financial Officer for three discrete
hospitals/medical centers in the eastern United States
before assuming the top finance job for Tenet’s
Philadelphia market. Prior to that, he held positions
of increasing responsibility with Health Management
Association, Inc. (of Naples, FL) and Hospital Corporation
of America (of Nashville, TN).
“I am delighted to join one of the nation’s
leading academic health systems, and look forwarding
to working with the Health System’s leadership
to identify and positively exploit additional opportunities
for cost-savings and revenue growth,” said DeVoe.
“My previous experience in for-profit medicine
has given me a perspective that may prove valuable in
improving the fiscal operations of our health system
at the operations level.”
In 1991, DeVoe earned his bachelor’s degree in
Finance from Belmont College, in Nashville, TN. He is
a member of the Healthcare Financial Management Association;
and, for four nearly-consecutive years (1999, 2001,
2002, and 2003), he earned Tenet Corporation’s
“Outstanding CFO Award.”
Andrew DeVoe and his wife, Susan, live in Ardmore,
PA, with their five children.
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PENN Medicine is a $2.5 billion enterprise dedicated
to the related missions of medical education, biomedical
research, and high-quality patient care. PENN Medicine
consists of the University of Pennsylvania School of
Medicine (founded in 1765 as the nation’s first
medical school) and the University of Pennsylvania Health
System (created in 1993 as the nation’s first
integrated academic health system).
Penn’s School of Medicine is ranked #2 in the
nation for receipt of NIH research funds; and ranked
#4 in the nation in U.S. News & World Report’s
most recent ranking of top research-oriented medical
schools. Supporting 1,400 fulltime faculty and 700 students,
the School of Medicine is recognized worldwide for its
superior education and training of the next generation
of physician-scientists and leaders of academic medicine.
Penn Health System consists of four hospitals (including
its flagship Hospital of the University of Pennsylvania,
consistently rated one of the nation’s “Honor
Roll” hospitals by U.S. News & World Report),
a faculty practice plan, a primary-care provider network,
three multispecialty satellite facilities, and home
health care and hospice.