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.
Lehigh Valley Health Network includes eight hospital campuses - three in Allentown including the region's only facility dedicated to orthopedic surgery, one in Bethlehem, one in East Stroudsburg, one in Hazleton and two in Pottsville, Pa.; 26 health centers caring for communities in seven counties; numerous primary and specialty care physician practices and 18 ExpressCARE locations throughout the region including the area’s only Children’s ExpressCARE at the Health Center at Palmer Township; pharmacy, imaging, home health services and lab services; extensive inpatient and outpatient rehabilitation services; and preferred provider services through Valley Preferred. Specialty care includes: trauma care at the region’s busiest, most-experienced trauma center treating adults and children, burn care at the regional Burn Center, kidney and pancreas transplants; perinatal/neonatal, cardiac, cancer care, orthopedics, and neurology and complex neurosurgery capabilities including national certification as a Comprehensive Stroke Center. The Lehigh Valley Cancer Institute, the Lehigh Valley Heart Institute and the Lehigh Valley Institute for Special Surgery give clinicians of the highest caliber the necessary infrastructure, programs and partnerships to help community members stay healthy and provide the most advanced treatment when needed. The Lehigh Valley Cancer Institute is a formal member of the Memorial Sloan Kettering (MSK) Cancer Alliance, a transformative initiative to improve the quality of care and outcomes for people with cancer in community health care settings, including access to key MSK clinical trials. Robotic surgery is offered in ten specialties across the health network with more than 10,000 procedures performed since 2007. Lehigh Valley Children’s Hospital, the only children’s hospital and Level 4 NICU in the region, provides care in more than 30 specialties and general pediatrics. Lehigh Valley Hospital–Cedar Crest has been recognized among the top five hospitals in Pennsylvania by U.S. News & World Report for for five consecutive years. Lehigh Valley Hospital–Cedar Crest, Lehigh Valley Hospital–17th Street and Lehigh Valley Hospital–Muhlenberg are national Magnet hospitals for excellence in nursing. Additional information is available by visiting LVHN.org, or following us on Facebook and Twitter.