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Lourdes Announces New Chief Financial Officer

(Camden, New Jersey) –Michael J. Hammond has been named Chief Financial Officer (CFO) for Lourdes Health System, announced health system President and CEO Alexander J. Hatala. As a member of the senior leadership team at Lourdes, Hammond will responsible for General Accounting, Budget and Reimbursement, Health Information Management and Patient Access.

Hammond comes to Lourdes from Sisters of Providence Health System (SPHS) where he served as Senior Vice President and Chief Financial Officer. The Lourdes Health System and SPHS are both members of Catholic Health East. Prior to being named Chief Financial Officer of SPHS in 2008, he served as the Senior Internal Consultant, Business Process Redesign for the Mercy Health System in Conshohocken, Pennsylvania. He was Project Leader for the reorganization of the Corporate Finance and Human Resource Management Systems through the Lawson Enterprise Resource Planning System.

“In his broad experience, Mr. Hammond has demonstrated the highest level of stewardship and has a successful track record of accomplishments in both revenue development and resource allocation,” said Hatala. “We welcome him to Lourdes and believe he will be a valuable addition to our health system.”

Before joining the CHE ministries, Michael was the Associate Vice President for Corporate Finance at the University of Pennsylvania Health System (UPHS). He was also the Chief Financial Officer of the UPHS primary care physician network. Hammond started his career in public accounting at Ernst & Young. He received his Bachelor of Science degree in accounting from Temple University, and masters degrees in both finance and information systems from Drexel University. He is a Fellow of the Healthcare Financial Management Association (FHFMA), a Certified Public Accountant and a Member of the American and Pennsylvania Institutes of CPAs.

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