CFO Laurie Eldridge: Devoted to Marshall Medical Center's Fiscal Initiatives
Laurie Eldridge has been the CFO of Marshall Medical Center in Placerville, Calif., for the past nine years, and during that span, she has helped stabilize the hospital's finances, which has helped MMC remain independent.
In the past month, Ms. Eldridge played a key role in helping the hospital issue $17.8 million in tax-exempt, fixed rate bonds, which contributed to the hospital's new state-of-the-art emergency department and general south wing.
Ms. Eldridge also oversaw the major HHS Medicare settlement from this past spring. In April, HHS and CMS agreed to settle a dispute with roughly 2,200 hospitals over low reimbursements from the Medicare inpatient prospective payment system, and the total cost of the settlement cost roughly $3 billion. Although MMC is a smaller, independent hospital, it received $1.3 million due to its large Medicare population. Although Ms. Eldridge said the settlement payment helped, she told the Sacramento Business Journal that hospitals still need to be focused for more challenges ahead.
"I know hospitals are excited — and this will definitely help," she said in the report. "But we have a far bigger challenge heading our way with healthcare reform."
Ms. Eldridge has been with MMC since 1990 and has held several financial roles throughout her tenure, including senior accountant and controller. She officially became CFO in 2003 after James Whipple, the former CFO, became MMC's CEO.
More Articles on Hospital CFO Profiles:
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.