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Jonathan Ma

Executive Vice President, CFO and Treasurer

Sutter Health

Sacramento, CA

Mr. Ma is responsible for overall financial operations at Sutter Health, an integrated nonprofit health system. There, he has helped position the organization as financially stable and mission-driven while expanding access to care. Sutter’s 2025 audited financials reflect that stability, with $509 million in operating income and a 2.6% operating margin while serving 3.6 million patients, approximately 112,000 more than in 2024. Under Mr. Ma’s financial guidance, the system has continued investing in growth, including new care sites, workforce expansion, and digital and AI-enabled capabilities that improve access and patient experience. He emphasizes disciplined capital allocation aligned to mission, supporting nearly $1.2 billion in community health investments. Known for his collaborative leadership style, Mr. Ma prioritizes alignment across teams and a strong connection to purpose. He joined Sutter Health in 2019 from Morgan Stanley.

Becker's Recognition

Jonathan Mahas been named a Becker's honoree on the lists below.

2026 Winner

Executives

180 Hospital and Health System CFOs to Know

The chief financial officers featured on this list are helming financial functions for health systems and hospitals throughout the U.S. These leaders are instrumental in strategic financial planning, expansions and joint ventures for their organizations. These CFOs take on responsibility for the financial sustainability of their hospitals and health systems, and are key to their organizations’ overall success.

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