Allen Leaving CFO Position at Hospital

Valley Presbyterian Hospital’s chief financial officer resigned after accepting a position at another healthcare facility, the hospital announced. Bob Allen, who has been the Van Nuys hospital’s chief financial officer for three years, accepted the same position at both California Hospital Medical Center and Glendale Memorial Hospital and Health Center under Catholic Healthcare West. Valley Presbyterian Hospital CEO Gus Valdespino said Allen chose to resign because the new position would provide him with a significant career growth opportunity. Allen’s resignation goes into effect Aug. 10. The hospital’s leaders will be searching for an interim chief financial officer. Allen is credited with building a solid team of knowledgeable hospital directors and helping move Valley Presbyterian Hospital forward while its leaders searched for a new CEO after former CEO Al Greene passed away. As chief financial officer, Allen has renegotiated contracts and restructured debt, leading to significant increases in net revenue and improved revenue cycles. Allen has more than 20 years of financial experience. Before joining Valley Presbyterian Hospital, he served as executive vice president and chief financial officer at Hollywood Presbyterian Medical Center. He has also served as chief financial officer at several San Fernando Valley hospitals, including Verdugo Hills Hospital. – Jessica Selva