Henry Ford Appoints Chief Financial Officer

September 09, 2014
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DETROIT - Edward G. Chadwick, who has served in health care finance leadership roles for more than 30 years, has been selected as the new executive vice president & chief financial officer of Henry Ford Health System.

Chadwick will join Henry Ford later this month.

“In his roles at both Wake Forest Baptist and Trinity, he was an effective advocate for strong financial stewardship to allow the organizations to maximize their mission,” says Nancy Schlichting, CEO of Henry Ford Health System. “He brings extensive experience relative to financial and strategic planning, group and private physician practice and clinical integration to Henry Ford.”

“I am very excited and honored to join Henry Ford Health System,” says Chadwick. “It is a great organization committed to improving the health of the communities it serves.”

As CFO, he will have executive leadership and accountability for Henry Ford’s financial operations including financial planning and reporting, accounting, treasury, tax, insurance and revenue cycle.

Chadwick comes from Wake Forest Baptist in Winston-Salem, North Carolina, where he was as executive vice president and CFO.

Previously he served as senior vice president and CFO at Trinity Health, a large Catholic health system based in Livonia, MI. with more than 40 hospitals, physician practices, managed care plans and other health services located coast-to-coast. Chadwick spent 21 years at Trinity, and its predecessor, Mercy Health Services.

“Ed will be a major asset to the health system,” says Jack Martin, a vice chair of the Henry Ford’s Board of Trustees and chair of the Henry Ford’s Finance Committee of the Board. “He is nationally respected for his operational, strategic and financial expertise.”

His experience also includes treasury, revenue cycle, performance improvement, insurance and affiliations.

Chadwick facilitated the financial integration of Trinity Health following its formation, and established customer-focused, centralized shared services. He helped raise operating income to 6.3 percent, operating cash flow to 13.1 percent and days cash to 242.

At Wake Forest Baptist, Chadwick played a central role in creating a successful, integrated, academic health system.

Chadwick is an adjunct faculty member of the Wake Forest University School of Business, and is a frequent speaker at national conferences and author of numerous articles. He holds an MBA in Finance from the University Of Chicago School Of Business and a bachelor's degree in economics from the University of Michigan.

About Henry Ford Health System

Henry Ford Health System, one of the largest and most comprehensive integrated U.S. health care systems, is a national leader in clinical care, research and education. The system includes the 1,100-member Henry Ford Medical Group, six hospitals, Health Alliance Plan (a health insurance and wellness company), Henry Ford Physician Network, a 150-site ambulatory network and many other health-related entities throughout southeast Michigan, providing a full continuum of care. In 2013, Henry Ford provided $314 million in uncompensated care. The health system also is a major economic driver in Michigan and employs more than 23,000 employees. Henry Ford is a 2011 Malcolm Baldrige National Quality Award recipient. The health system is led by CEO Nancy Schlichting. To learn more, visit HenryFord.com