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Karen Testman, RN

CFO

MemorialCare

Fountain Valley, CA

From an early career as a nurse, Ms. Testman has gained national recognition for her pioneering efforts in value-based care and helping to drive unprecedented transformation as a CFO. She leads the finance division for MemorialCare and has been credited as among the very first to embrace value-based care with many successes over the years. These include the region’s biggest 24/7 virtual options, and her taking a leadership role in creating a diversified care network of four hospitals and hundreds of outpatient locations with hundreds of ambulatory surgery, imaging, dialysis, urgent care, breast health, rehabilitation, dental, primary and specialized care centers, and more. Under her leadership, MemorialCare combines cost discipline with strong clinical outcomes to provide the region’s most value-based employment and health plan contracts, with annual savings to employers and health plans exceeding $200 million. A popular speaker who is often quoted in industry articles, Ms. Testman was among the first nurses to become CFO of an integrated delivery system. She joined MemorialCare in 1998, later became senior vice president of financial operations and was promoted to CFO in 2013.

Becker's Recognition

Karen Testman, RNhas been named a Becker's honoree on the lists below.

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