CFO Diane Corrigan: Monitoring the Business of Philly's Largest Hospital
Since the start of the most recent millennium, Diane Corrigan has served as CFO of the Hospital of the University of Pennsylvania, and she has helped the hospital leaps and bounds in terms of its financial standing.
Before Ms. Corrigan joined the organization in 2000, HUP — the largest hospital in Philadelphia with 772 beds and the flagship facility of the University of Pennsylvania Health System — recorded three straight years of losses. Since then, Ms. Corrigan, in conjunction with the hospital's other executive leaders, has recorded operating margins above 10 percent from 2007 to 2011.
Her accomplishments prompted the Philadelphia Business Journal to name Ms. Corrigan as the city's "2011 CFO of the Year" for an extra-large company.
This past June, Ms. Corrigan told Inside Penn Medicine, the newsletter for Penn Medicine, that the hospital was having another positive year. "[HUP] is experiencing some growth in both our inpatient and outpatient sides, especially in our cancer services," Ms. Corrigan said. "We have good net operating margins as well, which means we have money available to reinvest in the hospital, our education programs and our people."
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