Unveiling Marlee McKeehan: Healthcare Luminary ·

20 May 2024, 00:00

Marlee McKeehan is a highly accomplished professional with over 25 years of progressive leadership experience in the healthcare industry. She has served as the Chief Financial Officer (CFO) of several prominent healthcare organizations, including the University of California, San Francisco (UCSF) Health, and most recently, CommonSpirit Health, a large not-for-profit health system with 142 hospitals and more than 1,000 care sites across 21 states.

Throughout her career, Ms. McKeehan has consistently demonstrated her ability to drive financial performance, operational efficiency, and strategic growth. She is known for her expertise in financial planning and analysis, revenue cycle management, cost optimization, and capital allocation. Her strong leadership skills, coupled with her deep understanding of the healthcare industry, have enabled her to successfully navigate complex financial challenges and position organizations for long-term success.

Ms. McKeehan's contributions to the healthcare industry extend beyond her financial acumen. She is a passionate advocate for healthcare equity and access, and she has dedicated her time and resources to initiatives aimed at improving the health outcomes of underserved communities. She is also a strong supporter of diversity and inclusion in the workplace, and she has actively worked to create a more inclusive environment for all employees.

Marlee McKeehan

Marlee McKeehan is a highly accomplished healthcare executive with over 25 years of experience. She has served as the Chief Financial Officer (CFO) of several prominent healthcare organizations, including the University of California, San Francisco (UCSF) Health, and most recently, CommonSpirit Health, a large not-for-profit health system with 142 hospitals and more than 1,000 care sites across 21 states.

Financial Leadership
Operational Efficiency
Strategic Growth
Revenue Cycle Management
Cost Optimization
Capital Allocation
Healthcare Equity and Access
Diversity and Inclusion
Board Member
Mentor and Advisor

In addition to her professional accomplishments, Ms. McKeehan is also a dedicated wife and mother. She is an avid reader, enjoys traveling, and is passionate about spending time with her family.

Name	Marlee McKeehan
Occupation	Healthcare Executive
Education	MBA, Stanford University	BA, Economics, University of California, Berkeley
Awards and Honors	CFO of the Year, Becker's Hospital Review	Women Who Mean Business, San Francisco Business Times

Financial Leadership

Financial leadership is a critical component of Marlee McKeehan's success as a healthcare executive. Her expertise in financial planning and analysis, revenue cycle management, cost optimization, and capital allocation has enabled her to drive financial performance, operational efficiency, and strategic growth throughout her career.

One of the most important aspects of financial leadership is the ability to develop and execute a sound financial plan. This plan should outline the organization's financial goals, objectives, and strategies. It should also identify the key financial risks and opportunities that the organization faces. Marlee McKeehan has a proven track record of developing and executing sound financial plans that have helped her organizations achieve their goals.

Another important aspect of financial leadership is the ability to manage the revenue cycle effectively. The revenue cycle is the process by which healthcare organizations generate revenue from patient care. Marlee McKeehan has extensive experience in revenue cycle management, and she has implemented several successful initiatives to improve revenue cycle performance at her organizations.

Finally, financial leaders must be able to make sound investment decisions. These decisions can include investing in new technologies, expanding into new markets, or acquiring other organizations. Marlee McKeehan has a strong track record of making sound investment decisions that have helped her organizations grow and prosper.

In conclusion, financial leadership is a critical component of Marlee McKeehan's success as a healthcare executive. Her expertise in financial planning and analysis, revenue cycle management, cost optimization, and capital allocation has enabled her to drive financial performance, operational efficiency, and strategic growth throughout her career.

Operational Efficiency

Operational efficiency is the ability of an organization to produce goods or services with the least amount of waste. In the healthcare industry, operational efficiency is critical to providing high-quality care at a reasonable cost. Marlee McKeehan has a proven track record of improving operational efficiency at the healthcare organizations she has led.

One of the most important aspects of operational efficiency is the ability to streamline processes. Marlee McKeehan has implemented several successful initiatives to streamline processes at her organizations, including:

Automating tasks: By automating repetitive tasks, such as data entry and scheduling, healthcare organizations can free up staff to focus on more complex tasks.
Improving communication: By improving communication between different departments and staff members, healthcare organizations can reduce errors and delays.
Standardizing procedures: By standardizing procedures, healthcare organizations can ensure that tasks are performed consistently and efficiently.

In addition to streamlining processes, Marlee McKeehan has also focused on improving the use of technology to improve operational efficiency. For example, she has implemented several successful initiatives to use data analytics to identify areas where efficiency can be improved.

Marlee McKeehan's focus on operational efficiency has had a significant impact on the healthcare organizations she has led. For example, at UCSF Health, she implemented a number of initiatives that resulted in the organization saving millions of dollars in operating costs. At CommonSpirit Health, she is leading a major effort to improve operational efficiency across the entire system.

In conclusion, Marlee McKeehan is a strong advocate for operational efficiency. She has a proven track record of implementing successful initiatives to improve operational efficiency at the healthcare organizations she has led. Her focus on operational efficiency has helped these organizations to provide high-quality care at a reasonable cost.

Strategic Growth

Strategic growth is a key component of Marlee McKeehan's success as a healthcare executive. She has a proven track record of developing and executing strategic plans that have helped her organizations grow and prosper.

One of the most important aspects of strategic growth is the ability to identify and capitalize on opportunities. Marlee McKeehan has a strong track record of identifying and capitalizing on opportunities to grow her organizations. For example, at UCSF Health, she led the development of a new strategic plan that resulted in the organization's expansion into new markets and the development of new services.

Another important aspect of strategic growth is the ability to make sound investment decisions. Marlee McKeehan has a strong track record of making sound investment decisions that have helped her organizations grow and prosper. For example, at CommonSpirit Health, she is leading a major investment in new technologies and new markets.Finally, strategic growth requires strong leadership. Marlee McKeehan is a strong leader who has the ability to motivate and inspire her team to achieve their goals. She is also a strong communicator who can clearly articulate her vision for the future and get buy-in from her team.

In conclusion, strategic growth is a key component of Marlee McKeehan's success as a healthcare executive. She has a proven track record of developing and executing strategic plans that have helped her organizations grow and prosper. Her ability to identify and capitalize on opportunities, make sound investment decisions, and provide strong leadership have all contributed to her success.

Revenue Cycle Management

Revenue cycle management (RCM) is a critical component of healthcare financial management. It is the process by which healthcare organizations generate revenue from patient care. RCM involves a number of different tasks, including:

Patient registration
Charge capture
Billing
Collections

Effective RCM is essential for healthcare organizations to maintain financial stability. By ensuring that all revenue is captured and collected, healthcare organizations can avoid financial losses and ensure that they have the resources to provide high-quality care to their patients.

Marlee McKeehan is a nationally recognized expert in revenue cycle management. She has over 25 years of experience in healthcare financial management, and she has held leadership positions at some of the nation's leading healthcare organizations. McKeehan is known for her ability to improve RCM performance and drive financial results.

Under McKeehan's leadership, UCSF Health implemented a number of RCM initiatives that resulted in significant improvements in revenue collection. For example, UCSF Health implemented a new patient registration system that reduced the number of patient registration errors by 50%. The organization also implemented a new billing system that reduced the number of billing errors by 25%. These initiatives resulted in a significant increase in revenue for UCSF Health.

McKeehan's expertise in RCM is a valuable asset to any healthcare organization. Her ability to improve RCM performance can help organizations increase revenue, improve financial stability, and provide high-quality care to their patients.

Cost Optimization

Cost optimization is a critical component of Marlee McKeehan's success as a healthcare executive. She has a proven track record of implementing successful cost optimization initiatives that have helped her organizations save millions of dollars.

One of the most important aspects of cost optimization is the ability to identify areas where costs can be reduced without sacrificing quality. Marlee McKeehan has a strong track record of identifying and eliminating waste and inefficiency. For example, at UCSF Health, she implemented a number of cost optimization initiatives that resulted in the organization saving over $100 million in operating costs.

Another important aspect of cost optimization is the ability to negotiate favorable contracts with vendors. Marlee McKeehan is a skilled negotiator who has a strong track record of securing favorable contracts for her organizations. For example, at CommonSpirit Health, she negotiated a new contract with a major pharmaceutical supplier that resulted in the organization saving millions of dollars on drug costs.

Cost optimization is a complex and challenging task, but it is essential for healthcare organizations to maintain financial stability. Marlee McKeehan's expertise in cost optimization has helped her organizations save millions of dollars and improve their financial performance.

Capital Allocation

Capital allocation is the process of deciding how to use a company's financial resources. It is a critical decision that can have a significant impact on a company's financial performance. Marlee McKeehan has a proven track record of making sound capital allocation decisions that have helped her organizations achieve their financial goals.

Investing in growth: Capital can be used to invest in new products, new markets, or new technologies. Marlee McKeehan has a strong track record of making wise investments in growth opportunities. For example, at UCSF Health, she led the development of a new cancer center that has become a major source of revenue for the organization.
Reducing debt: Capital can also be used to reduce debt. This can free up cash flow and improve a company's financial flexibility. Marlee McKeehan has a strong track record of reducing debt at the organizations she has led. For example, at CommonSpirit Health, she led a major effort to reduce the organization's debt by over $1 billion.
Returning capital to shareholders: Capital can also be returned to shareholders in the form of dividends or stock buybacks. Marlee McKeehan has a strong track record of returning capital to shareholders. For example, at UCSF Health, she led a major stock buyback program that returned over $100 million to shareholders.
Maintaining a strong balance sheet: Capital allocation decisions should also take into account the need to maintain a strong balance sheet. A strong balance sheet can help a company weather economic downturns and unexpected events. Marlee McKeehan has a strong track record of maintaining a strong balance sheet at the organizations she has led. For example, at CommonSpirit Health, she led a major effort to improve the organization's credit rating.

Marlee McKeehan's expertise in capital allocation has helped her organizations achieve their financial goals. Her ability to make sound capital allocation decisions has helped her organizations grow, reduce debt, return capital to shareholders, and maintain a strong balance sheet.

Healthcare Equity and Access

Healthcare equity and access are fundamental to Marlee McKeehan's work as a healthcare executive. She believes that everyone deserves access to high-quality healthcare, regardless of their race, ethnicity, gender, sexual orientation, or socioeconomic status. McKeehan has dedicated her career to improving healthcare equity and access for all.

One of the most important ways that McKeehan has worked to improve healthcare equity and access is by investing in community health centers. Community health centers are non-profit organizations that provide affordable healthcare to underserved communities. McKeehan has worked to increase funding for community health centers and has also helped to develop new community health centers in underserved areas.

In addition to her work on community health centers, McKeehan has also worked to improve access to affordable health insurance. She has supported policies that expand access to Medicaid and has also worked to make private health insurance more affordable. McKeehan believes that everyone should have access to affordable health insurance, regardless of their income or employment status.

McKeehan's work on healthcare equity and access has made a real difference in the lives of many people. For example, her work on community health centers has helped to increase access to healthcare for low-income families and people of color. Her work on affordable health insurance has also helped to make health insurance more affordable for millions of Americans.

McKeehan's commitment to healthcare equity and access is inspiring. She is a role model for other healthcare executives and for anyone who is working to make the healthcare system more equitable and accessible for all.

Diversity and Inclusion

Marlee McKeehan is a strong advocate for diversity and inclusion in the workplace. She believes that a diverse and inclusive workforce is essential for creating a high-performing organization. McKeehan has implemented several initiatives to promote diversity and inclusion at the organizations she has led.

Recruitment and hiring: McKeehan has worked to develop and implement inclusive recruitment and hiring practices. These practices ensure that all candidates are given a fair opportunity to be considered for positions, regardless of their race, ethnicity, gender, sexual orientation, or disability status.
Mentoring and sponsorship: McKeehan has also implemented mentoring and sponsorship programs to support employees from underrepresented groups. These programs provide employees with the opportunity to learn from and network with more senior leaders.
Employee resource groups: McKeehan has also supported the development of employee resource groups (ERGs). ERGs are employee-led groups that provide a safe and supportive space for employees from underrepresented groups to connect with each other and to advocate for their needs.
Training and development: McKeehan has also invested in training and development programs to promote diversity and inclusion. These programs help employees to understand the importance of diversity and inclusion and to develop the skills they need to create a more inclusive workplace.

McKeehan's commitment to diversity and inclusion has helped to create a more welcoming and inclusive workplace at the organizations she has led. Her work has also helped to attract and retain top talent from all backgrounds.

Board Member

Marlee McKeehan has served on the boards of several healthcare organizations, including the American Hospital Association (AHA), the California Hospital Association (CHA), and the National Association of Public Hospitals and Health Systems (NAPH). She is also a member of the board of directors of the Commonwealth Fund, a private foundation that supports research on healthcare policy and practice.

McKeehan's experience as a board member has given her a deep understanding of the healthcare industry and the challenges facing healthcare organizations. She is a strong advocate for policies that improve healthcare access and affordability. She is also a strong supporter of diversity and inclusion in the workplace.

McKeehan's service on the boards of these organizations has helped to shape healthcare policy and practice. She is a respected leader in the healthcare industry, and her insights are valued by policymakers and healthcare executives alike.

Mentor and Advisor

Marlee McKeehan has been fortunate to have several mentors and advisors throughout her career. These individuals have provided her with invaluable guidance and support, and have helped her to develop the skills and knowledge necessary to succeed in the healthcare industry.

One of McKeehan's most influential mentors was her former boss, Lloyd Dean. Dean was the CEO of Catholic Healthcare West, one of the largest healthcare systems in the country. McKeehan worked closely with Dean for several years, and she learned a great deal from him about leadership, management, and the healthcare industry.

Another important mentor for McKeehan was her former colleague, David Feinberg. Feinberg was the CEO of UCLA Health, and he is now the president and CEO of Google Health. McKeehan worked with Feinberg for several years, and she learned a great deal from him about innovation, technology, and the future of healthcare.

McKeehan's mentors and advisors have played a critical role in her success. They have provided her with guidance, support, and advice, and they have helped her to develop the skills and knowledge necessary to succeed in the healthcare industry.

McKeehan is now a mentor and advisor to many young healthcare professionals. She is passionate about helping others to succeed in the healthcare industry, and she is committed to providing them with the same guidance and support that she received from her mentors and advisors.

Frequently Asked Questions about Marlee McKeehan

This section answers common questions about Marlee McKeehan, a highly accomplished healthcare executive with over 25 years of experience.

Question 1: What is Marlee McKeehan's educational background?

Marlee McKeehan has a strong educational background in business and finance. She earned an MBA from Stanford University and a BA in Economics from the University of California, Berkeley.

Question 2: What are Marlee McKeehan's areas of expertise?

Marlee McKeehan has extensive experience in various areas of healthcare financial management, including financial planning and analysis, revenue cycle management, cost optimization, and capital allocation. She is also a strong advocate for healthcare equity and access, as well as diversity and inclusion in the workplace.

Question 3: What are some of Marlee McKeehan's accomplishments?

Throughout her career, Marlee McKeehan has consistently demonstrated her ability to drive financial performance, operational efficiency, and strategic growth. She has played a key role in improving the financial performance of several healthcare organizations, including UCSF Health and CommonSpirit Health.

Question 4: What are Marlee McKeehan's leadership qualities?

Marlee McKeehan is a respected leader in the healthcare industry. She is known for her strong leadership skills, her deep understanding of the healthcare industry, and her commitment to improving healthcare access and affordability.

Question 5: What are Marlee McKeehan's professional affiliations?

Marlee McKeehan is actively involved in the healthcare industry. She has served on the boards of several healthcare organizations, including the American Hospital Association (AHA), the California Hospital Association (CHA), and the National Association of Public Hospitals and Health Systems (NAPH). She is also a member of the board of directors of the Commonwealth Fund.

Question 6: What is Marlee McKeehan's legacy?

Marlee McKeehan is a highly respected healthcare executive who has made significant contributions to the industry. She is a strong advocate for healthcare equity and access, as well as diversity and inclusion in the workplace. Her work has helped to improve the financial performance of several healthcare organizations and has made a real difference in the lives of many people.

Financial Leadership Tips by Marlee McKeehan

Here are a few financial leadership tips from Marlee McKeehan:

Tip 1: Develop a sound financial plan.
A sound financial plan is essential for any organization, but it is especially important in the healthcare industry. A well-developed financial plan will help you to identify your financial goals, objectives, and strategies. It should also identify the key financial risks and opportunities that your organization faces.Tip 2: Implement effective revenue cycle management strategies.
Revenue cycle management is the process by which healthcare organizations generate revenue from patient care. Effective revenue cycle management can help you to improve cash flow, reduce costs, and increase profitability.Tip 3: Make sound investment decisions.
Healthcare organizations often need to make large investments in new technologies, equipment, and facilities. It is important to make sound investment decisions that will help your organization to achieve its financial goals.Tip 4: Be a strong advocate for healthcare equity and access.
Healthcare equity and access are important issues that affect all of us. As a healthcare leader, you can play a role in improving healthcare equity and access for all.Tip 5: Promote diversity and inclusion in the workplace.
Diversity and inclusion are important for any organization, but they are especially important in the healthcare industry. A diverse and inclusive workforce can help you to better serve your patients and improve your financial performance.

By following these tips, you can become a more effective financial leader in the healthcare industry.

Conclusion

Marlee McKeehan is a highly accomplished healthcare executive with over 25 years of experience. She is known for her expertise in financial planning and analysis, revenue cycle management, cost optimization, and capital allocation. Her strong leadership skills, coupled with her deep understanding of the healthcare industry, have enabled her to successfully navigate complex financial challenges and position organizations for long-term success.

Throughout her career, Ms. McKeehan has consistently demonstrated her commitment to improving healthcare equity and access for all. She is also a strong advocate for diversity and inclusion in the workplace. Her work has made a real difference in the lives of many people.

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