David Mast, a veteran in hospital finance, will be the new regional chief financial officer for Providence Health & Services, Southern California, taking the reins of Los Angeles County’s second largest healthcare provider, an industry leader in meeting the challenges of federal reforms.
Mast will assume his new role Sunday, replacing Karl Carrier, who plans to retire but continue in a consulting capacity. Mast will oversee finances for a region that includes five medical centers in the San Fernando Valley and the South Bay, physician groups, numerous outpatient facilities, Providence TrinityCare Hospice and Providence High School in Burbank. Providence Southern California has more than 10,300 employees.
“David’s experience in healthcare finance, particularly during the last 12 years at Providence, will provide continuity of leadership for this critical area of responsibility,” said Michael Hunn, senior vice president and chief executive of Providence Southern California.
Mast, who has 25 years experience in healthcare finance, was instrumental in developing and implementing the Region’s budget achievement plan, which resulted in savings and growth opportunities that surpassed the organization’s goals. He also helped launch Providence Partners for Health, an innovative physician-led organization that enables independent physicians to collaborate with Providence to achieve improved quality, efficiency and coordination across the continuum of care.
“David faces two challenges – managing our finances during a time of unprecedented changes in the delivery of health care and ensuring funding critical to the Providence Mission, outreach to the poor and vulnerable at a time when so many are in need,” Hunn said.
Mast began his career at Providence as director of financial services and controller for the Valley Service Area. In 2003, he was appointed CFO of the Providence Northwest Washington Service Area, and he returned to California in 2007 as CFO for the Valley Service Area. He oversaw the financial side of the 2008 acquisition of Providence Tarzana Medical Center and developed and implemented a financial plan for Providence Saint Joseph Medical Center in Burbank.
Since 2010, he has served as CFO for the region’s Hospital Group, working in particular on a three-year expense reduction plan to ensure fiscal stability as healthcare reform continues.
About Providence Health & Services, Southern California
Providence Health & Services, Southern California, is a Catholic not-for-profit organization dedicated to providing quality and compassionate health care and reaching out to the poor and the vulnerable in the communities it serves. Providence Southern California operates five award-winning acute-care medical centers in the Los Angeles area, providing a full continuum of healthcare services: Providence Saint Joseph Medical Center in Burbank, Providence Holy Cross Medical Center in Mission Hills, Providence Tarzana Medical Center, Providence Little Company of Mary Medical Centers in Torrance and San Pedro. The region also has numerous ancillary facilities including Hospice care, long-term care, numerous outpatient clinics, Providence Medical Institute and Providence High School.