Memorial Hermann Names Alec King as Chief Financial Officer
HOUSTON, July 17, 2020 /PRNewswire/ -- Memorial Hermann Health System is pleased to announce Alec King as its new Executive Vice President and Chief Financial Officer, effective Oct. 1, 2020. In this role, King will oversee financial operations for Memorial Hermann's 17 hospitals and more than 300 care delivery sites.
"In this time of rapid change and uncertainty for the future of health care, Alec brings an admirable level of experience and performance Memorial Hermann strives to embody for its employees, patients and community," said Dr. David L. Callender, President & CEO of Memorial Hermann. "His strategic leadership will allow us to support the long-term needs and goals of our health system in a transformational way. We are incredibly pleased to have Alec join Memorial Hermann and help ground our vision with fiscal and operational strength."
With nearly 13 years in the healthcare sector, King joins Memorial Hermann from Children's National Health System in Washington, where he was CFO. In his role, King provided fiscal, operational and strategic leadership for more than $1.6 billion in operating revenue and cultivated four years of record financial performance. Prior, King held multiple financial leadership roles within Texas Children's Hospital in Houston over a span of nine years. Both financially and operationally, his work has focused on supply chain services, infrastructure modernization, payer relations, information technology and innovation, patient financial services and revenue cycle, internal audit and more.
"For many years, I have admired the extraordinary work being done at Memorial Hermann and am thrilled to be joining one of our country's premier health systems," King said. "I am equally as excited to return to Texas and again play a role in delivering essential and exceptional care throughout Greater Houston."
In the community, King is board director of Safe Kids Worldwide and Brainy Camps Medical Education Youth Camps in Washington, and is founder and board chairman of Camp Awesome Youth Camp in Buda, Texas. He is a former member of the State of Texas Hospital Payment Advisory Committee, an advisory board member for Texas A&M University's Mays Business School, and former chairman of the board for the Institute of Pediatric Innovation. King earned his master's degree from Stanford University and his bachelor's degree from Texas A&M University.
King succeeds Brian Dean, who served as Memorial Hermann's CFO since 2018 and recently relocated to California. Cindy DeMoya, Senior Vice President and Chief Accounting Officer, will serve as interim CFO until King assumes his new role in October.
About Memorial Hermann
Charting a better future. A future that's built upon the HEALTH of our community. This is the driving force for Memorial Hermann, redefining health care for the individuals and many diverse populations we serve. Our 6,700 affiliated physicians and 27,000 employees practice the highest standards of safe, evidence-based, quality care to provide a personalized and outcome-oriented experience across our more than 300 care delivery sites. As one of the largest not-for-profit health systems in Southeast Texas, Memorial Hermann has an award-winning and nationally acclaimed Accountable Care Organization, 17* hospitals and numerous specialty programs and services conveniently located throughout the Greater Houston area. Memorial Hermann-Texas Medical Center is one of the nation's busiest Level I trauma centers and serves as the primary teaching hospital for McGovern Medical School at UTHealth. For more than 112 years, our focus has been the best interest of our community, contributing more than $588 million annually through school-based health centers and other community benefit programs. Now and for generations to come, the health of our community will be at the center of what we do – charting a better future for all.
*Memorial Hermann Health System owns and operates 14 hospitals and has joint ventures with three other hospital facilities, including Memorial Hermann Surgical Hospital First Colony, Memorial Hermann Surgical Hospital Kingwood and Memorial Hermann Rehabilitation Hospital-Katy.
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SOURCE Memorial Hermann