PHS appoints new CFO, senior VP
Roger Larsen, with 23-plus years in health care, starts job Sept. 11
Presbyterian Healthcare Services has hired a new chief financial officer and senior vice president, five months after the former CFO, Dale Maxwell, assumed the job of president and chief executive officer at the health care system.
Roger Larsen, CFO for Sutter Health Northern California’s Bay Area Foundation and East Bay Hospitals, will begin the new job on Sept. 11, Presbyterian announced Friday.
With more than 23 years of health care experience, Larsen will oversee financial management and performance for PHS’ eight hospitals, statewide health plan and its multi-specialty medical group.
Larsen was chosen after an extensive national search, Maxwell said in a statement.
“The expertise he brings to New Mexico will further strengthen our leadership team as we address the needs of our communities while ensuring financial sustainability,” said Maxwell, who also is chairman of the Presbyterian Health Plan board of directors.
Before Sutter Health, Larsen spent more than 10 years with Sharp Healthcare in San Diego where he served as the CFO for the Sharp Rees Stealy Medical Group.
Larsen holds a master of science degree in accounting and a bachelor of science degree in international business, both from California State University in Sacramento.
He takes over in the midst of Presbyterian’s legal fight with the state. The Attorney General’s Office recently filed a lawsuit against Presbyterian alleging the system dodged tens of millions of dollars in insurance premium taxes. Maxwell said the legal action has no basis in fact and is damaging to the company’s employees and operations.
Founded in 1908, the nonprofit PHS is the state’s largest private employer with 11,000 employees. With eight hospitals and dozens of clinics in New Mexico, it reported $3.1 billion in revenue in 2016.