Lehigh Valley Health Network Names New Chief Financial Officer
Lehigh Valley Health Network (LVHN) has named Thomas Marchozzi, MBA, CPA, of Conshohocken, Pa., its new Executive Vice President and CFO, effective January 1. He succeeds Ed O’Dea, who will retire at the end of 2017, after holding that position since 2012.
Marchozzi has extensive and diverse experience in not-for-profit and for-profit health care finance and financial strategy. He joins LVHN from Universal Health Services, Inc. (UHS), a for-profit integrated health care delivery system that operates 28 acute care hospitals. He served the past three years as Senior Vice President and CFO for the Acute Care division out of Universal’s King of Prussia, Pa., headquarters, where he was responsible for hospitals across the U.S. in high-growth, competitive markets.
Prior to joining UHS, Marchozzi served as the Executive Vice President and CFO at Hartford HealthCare in Hartford, Conn., where he led a turnaround in that organization’s financial performance. He also helped cultivate Hartford Health’s relationship with Memorial Sloan Kettering Cancer Alliance, of which LVHN also is a member.
During his more than 30 years of professional experience, Marchozzi has held senior-level finance positions at MedStar Health in Columbia, Md., Jefferson Health System in Radnor, Pa., and Thomas Jefferson University in Philadelphia.
“Throughout his career, Tom has demonstrated financial expertise, strategic thinking and leadership in helping large health networks navigate and flourish in the increasingly complex, challenging and unpredictable area of health care finance,” says Brian Nester, DO, MBA, FACOEP, LVHN’s President and Chief Executive Officer. “He has the exceptional skills necessary to fill the shoes left by Ed O’Dea.”
Marchozzi earned a bachelor’s degree in business administration from Drexel University, and a master’s degree in business administration, with a concentration in finance, from Villanova University. He is a certified healthcare financial professional and a certified public accountant. He is also a member of the American Institute of Certified Public Accountants.