CFO Brian Derrick: A Positive Influence at Summa Health System

Share on Facebook
Brian Derrick joined Akron, Ohio-based Summa Health System in November 2011 as CFO. Although he has only been with the organization for roughly nine months, he has helped maintain its solid operating levels and strong liquidity metrics — all while following his leadership mantra.

Brian Derrick is CFO of Summa Health System.According to The Pulse, Summa Health System's employee newsletter, Mr. Derrick takes his CFO leadership role seriously and wants to promote a positive culture within the system.

"A good leader is someone who understands the way you make effective and positive change happen is often times through influence and not by being directive," Mr. Derrick said.

Fitch Ratings has noticed his positive aura, as it affirmed the health system's BBB+ debt rating. Since Mr. Derrick joined Summa Health System, it has improved operating profitability, and liquidity metrics have improved each year since fiscal year 2008. As of March 31, 2012, Summa Health System's cash-to-debt ratio was 95.8 percent, and its cushion ratio was 12 times.

Before Summa Health System, Mr. Derrick led the finances at Philadelphia-based Albert Einstein Healthcare Network as CFO. He has also held various financial leadership roles at Jefferson Health System in Philadelphia and University of Pittsburgh Medical Center.

If you have additional information or updates for this profile, or would like to recommend a leader to be profiled in the future, please contact Lindsey Dunn, editor in chief, Becker's Hospital Review at ldunn@beckershealthcare.com.

More Articles on Hospital CFO Profiles:

CFO Eddie Soler: Medicare Manager Extraordinaire

CFO Linda Hoff: Balancing Meriter Hospital and HMO Duties

CFO Bernadette Spong: Reaching Record-High Cash Flows at Rex Healthcare

© Copyright ASC COMMUNICATIONS 2014. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.