AVH tabs Tennessean as next financial officer
The overhaul of the upper management at Aspen Valley Hospital was completed yesterday as officials announced the hiring of a new chief financial officer.Terry Collins, the CFO at an elderly care center in Nashville, Tenn., will oversee the hospital’s finances beginning Dec. 14. Collins will work under CEO David Ressler, who started in September.Last January, the hospital uncovered a financial crisis sparked by billing problems that eventually resulted in estimated losses of around $7.5 million. Subsequently, 34 hospital employees lost their jobs. Collins replaces former CFO Verna Bartlett, who was dismissed in March after the financial crisis was uncovered.”While there are still opportunities for improvement, I believe AVH can achieve financial status equal to its already sterling reputation for excellent and friendly patient care,” Collins said in a prepared statement yesterday.Collins was identified this fall by an executive search firm that assisted with the recruitment of Ressler. It was Ressler who made the final decision to hire Collins. “Terry brings a wealth of experience to AVH,” Ressler said in a written statement. “I couldn’t be happier. He has knowledge and experience, a can-do attitude and I think he will be a good fit for our organization.”Jim Carris, the interim chief operations officer who along with former interim CEO Bob Karp is largely credited with stabilizing the hospital’s finances during the past six months, will likely step down later this year, said AVH spokeswoman Ginny Gyche.Collins holds bachelor’s degrees in accounting and psychology, and has a master of business administration degree from the University of Utah. His previous experience includes a stint as CFO at Baptist Memorial Healthcare System, an organization that includes two urban hospitals and 24 rural hospitals in Memphis. He is currently the CFO of Caregiver Services Inc., which provides assisted living services to elderly, physically disabled and mentally challenged clients in Nashville.Collins and his wife, Betty, have eight children. Two of the children still live at home, a daughter, age 16, and a son, 12. He and his wife are fitness enthusiasts who enjoy running and weight lifting, and they look forward to renewing their interest in skiing.Eben Harrell’s e-mail address is firstname.lastname@example.org
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