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New CFO appointed at Saint Michael's Medical Center

  • Category: News
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  • Written By: Saint Michael's Press Office
New CFO appointed at Saint Michael's Medical Center

Carolyn Allen, a veteran healthcare professional with 30 years of progressive accounting, auditing, reimbursement, business planning, and leadership experience, has joined Saint Michael’s Medical Center in Newark as its new chief financial officer.

“We are thrilled to have Carolyn on the team,” said Saint Michael’s CEO Robert Iannaccone. “Her experience in the healthcare industry combined with her leadership skills will be an asset to Saint Michaels as we continue to build a financially strong hospital that serves the healthcare needs of our community.”

Saint Michael’s was purchased out of bankruptcy by Prime Healthcare in May 2016. In a short period of time, the 358-bed hospital has turned the corner financially. The hospital also dramatically improved its safety scores, moving from an F in 2016 to an A on Leapfrog this past fall. The hospital was also named a top 100 hospital for cardiac care by Healthgrades.

“Saint Michael’s has made a remarkable turnaround in the three years since it was purchase by Prime Healthcare,” Allen said. “I am dedicated to ensuring the hospital remains on strong financial footing so that it can continue to provide high quality healthcare to the community.”

Allen has worked as a CFO at hospitals throughout the United States. She comes to Saint Michael’s after a four-year stint as regional CFO and vice president of finance for the Western Region at WVUMedicine, the largest health system in West Virginia, where she had responsibility for the planning, coordination, and direction of financial activities of the member hospitals and related subsidiaries/affiliates within the western region, including the 325-bed Camden-Clark Medical Center.

Allen has also worked as a system vice president of financial operations and CFO at Southcoast Health System in New Bedford, MA, and as a CFO for Sharon Hospital in Sharon, CT, Clark Regional Medical Center in Winchester, KY, and St. Catherine Hospital in Garden City, KS.

Allen holds an MBA in finance and accounting from Regis University, a master’s degree in health care administration from Central Michigan University a bachelor’s in accounting from the University of Texas at San Antonio and a bachelor’s in management from the University of Texas at San Antonio. She is a Certified Public Accountant (CPA) and a Certified Healthcare Financial Professional (CHFP).

Allen has served as a board member on the American Red Cross and has volunteered for Habitat for Humanity, Children's Shelter and the Special Olympics.