Derrick O. Hollings is New Chief Financial Officer

EMHS president and CEO, M. Michelle Hood, FACHE is pleased to announce that following a nationwide search, Derrick O. Hollings, CPA, has been named senior vice president and chief financial officer (CFO). Hollings has more than 25 years experience in healthcare financial management. He has a strong entrepreneurial background and was instrumental in developing a national network of ambulatory surgery centers and a company that provides medical practice web portals to physicians.

Hood says EMHS contracted with MSA Executive Search in Kansas City, Missouri to identify a pool of qualified CFO candidates. In all, EMHS was presented with twelve exceptionally qualified candidates. Hollings was selected from the final group of five following two rounds of exhaustive interviews.  “Derrick is uniquely qualified to fill one of the most important roles in our system. He is a well-rounded, strategic thinker whose expertise in helping healthcare organizations position themselves strategically through financial best practices will greatly benefit EMHS. His experience and knowledge will complement what is an already high functioning executive leadership team,” says Hood.

Hollings says he is looking forward to everything about his new job. “At EMHS, I found an exemplary management team, an outstanding workforce, and a leading edge health delivery system that has made thoughtful decisions, such as sound investments in information technology, efficiency, and preparing for health reform. I am thrilled to have found what I was looking for in Maine – a beautiful state that my family and I have really enjoyed visiting. Now we look forward to making Maine our home.”

Hood also extended a heartfelt thank you to Scott Oxley for stepping in as interim CFO following Dan Coffey’s transition to president and CEO of The Acadia Hospital last May. “Scott continues to contribute to the system in many ways. I especially appreciate his leadership, including within his position as vice president of support services at Affiliated Healthcare Systems, which is part of the EMHS family,” Hood adds.

Hollings comes to EMHS from United Medical Center in Washington, DC. During his two and a half year tenure there, Hollings filled two separate roles; executive vice president of hospital operations and CFO.  Frank DeLisi, president and CEO of United Medical Center, says Hollings brings integrity and dignity to everything he does, “Derrick is an integral member of our management team. He was instrumental in an unprecedented turnaround of this hospital. He has the unique ability to understand healthcare’s financial realities and the functional tasks at hand, he is comfortable at all levels of an organization and he is mission driven. I wish him well at EMHS and at the same time I know what a loss his departure is for this hospital and this community.”

Hollings, who is a graduate of University of Alabama at Birmingham, spent half of his career at academic medical centers and the other half working at community hospitals and joint venture companies. Something he says makes him uniquely qualified to understand the many financial concerns of the broad array of companies within EMHS.

Hollings is expected to begin his new duties at EMHS on April 9, 2012.
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