CFO Bert Zimmerli: Intermountain-Sized Financials
Intermountain Healthcare, a 22-hospital health system based in Salt Lake City, doesn't just have a large balance sheet — it has a mountain-sized one.
Bert Zimmerli is senior vice president and CFO of Intermountain, and he is responsible for the oversight of all Intermountain financial operations. In fiscal year 2010, Intermountain recorded more than $3.36 billion in net patient revenue, $1.28 billion in non-patient activity revenue (such as health insurance premiums from Intermountain's health plan, SelectHealth) and $164.5 million from investments.
In addition to managing the gargantuan revenue streams, Mr. Zimmerli has helped to launch several initiatives to standardize finances and reduce costs. For example, Intermountain has an established Supply Chain Organization, which is tasked with finding cost savings in non-labor expenses. That group has saved an estimated $164 million over several years through more efficient supply chain contracts and supply/service purchases.
Before joining Intermountain, Mr. Zimmerli held several positions within the Houston healthcare landscape. He was CFO of The Methodist Hospital System, served as senior vice president and CFO of Memorial Hermann Healthcare System and also was a partner in Ernst & Young's Houston office specializing in healthcare.
More Articles on Hospital CFO Profiles:
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.