Healthcare Veterans Named to Two New Miller School/UHealth CFO Positions
Two veteran Chief Financial Officers have joined the Miller School-UHealth team, bringing a wealth of experience and expertise in healthcare finance to the University of Miami Medical Group and the Hospital Division at a critical time, the new era of healthcare ushered in by the Affordable Care Act.
Formerly CFO of one of the nation’s leading healthcare service companies, Jerry W. Winters, CPA, is already onboard as CFO of UMMG, the physician practice, where he is fortifying the infrastructure needed to support about 1,000 UHealth physicians. William “Bill” L. Devoney Jr., CPA, M.B.A., the CFO of the University of Illinois Hospital & Health Sciences System in Chicago for the past seven years, will begin his duties as CFO for the hospital division at the end of this month, overseeing financial operations at University of Miami Hospital, Sylvester Comprehensive Cancer Center and University of Miami Hospital and Clinics, and Bascom Palmer Eye Institute.
“With the addition of Jerry and Bill to our financial team, the Miller School and the UHealth enterprise are well-positioned to capitalize on the opportunities and meet the challenges of our rapidly changing healthcare landscape,” said Mark Diaz, Interim CFO of the Miller School and UHealth and Vice President of Budget and Planning for the University. “Each brings special talents to the table and shares our commitment to maintaining and growing the medical enterprise by providing excellent patient care, access and follow-up.”
Winters reports to Diaz and Steve Falcone, M.D., M.B.A., Interim Executive Dean for Clinical Affairs and Interim Chief Executive of the UHealth Clinical Practice, and Devoney will report to Diaz, UMHC/Sylvester Administrator Rich Ballard, UMH CEO Dan Snyder and Bascom Palmer Administrator Michael Gittelman.
Winters’ experience in financial management and operations, budgeting, financial accounting, and forecasting and financial analysis spans more than 20 years, during which he managed the fiscal operations of eight companies. He spent the last six years as CFO of the Tennessee-based HCA Physician Services (HCAPS), which has more than 3,000 providers in 20 states and more than $1 billion in revenues.
A graduate of Marshall University in his native West Virginia, he has worked in a number of other healthcare finance capacities in Tennessee, Massachusetts and Florida, including as North East Regional CFO for Vencor, the nation’s largest intensive care hospital company with eight acute care hospitals and integrated nursing home, home health, hospice and other services; Vice President and CFO of the Boca Raton-based Home Care America, Inc., a multi-state company providing comprehensive home healthcare services; and as CFO at the former Las Olas Community Hospital and assistant controller of the former HCA North Beach Hospital, both in Fort Lauderdale.
At HCAPS’s Nashville-area headquarters, Winters was instrumental in restructuring the fiscal departments, streamlining operations, developing operational metrics, and identifying revenue and cost improvements. He looks forward to doing the same at UM – all with an eye on helping faculty physicians deliver high-quality, cost-effective healthcare and supporting their commitment to improving the human condition.
“I’m happy to be back in South Florida, where I have family and friends, and even happier to be part of the U,” Winters said. “It’s an exciting time and a great opportunity to help the UHealth enterprise prepare for upcoming changes in healthcare, like the Affordable Care Act, Patient-Centered Medical Homes and Population Management.”
In his 38 years in healthcare finance, Devoney has distinguished himself with his technical expertise, intimate knowledge of hospital operations, and outstanding team-building and financial management skills.
At the University of Illinois, where in addition to his CFO duties, he assumed the role of Assistant Vice President for Enterprise Finance in the Office of the Vice President of Health Affairs in 2011, he was responsible for revenue cycle and accounting functions, managed care contracting and development, registration, health information management, and marketing and business planning for the health system, which includes a 495-bed tertiary care medical center, and more than 600 physicians and 1,300 medical students and residents. During his tenure, cash reserves for the health system grew from $44 million to $153 million.
Among Devoney’s other notable accomplishments at UI, he re-negotiated all managed care contracts, updated the strategic planning process and helped establish a primary care development strategy. He also served as an adjunct faculty member, teaching healthcare finance to students in the Master of Healthcare Administration program.
An accounting graduate of John Carroll University in Cleveland, Ohio, Devoney earned his M.B.A. from DePaul University in Chicago, where he served in a number of healthcare finance capacities, including 16 years as Senior Vice President and CFO of Edward Health Services Corporation, a comprehensive healthcare system with more than 800 physicians and 4,000 employees.
Devoney said he is excited about joining a leadership team focused on providing excellent patient care and access while maintaining and growing financial performance in a highly competitive market.
“I was initially attracted here by the great opportunity and the geography,’’ Devoney said. “However, the best selling point was that, in all my interviews, it was consistently brought out that everyone may have different priorities and agendas, but when the going gets tough, everyone can get together and make an appropriate decision. This is critical to success in the evolving world of healthcare delivery, where breaking with tradition will require flexibility and trust from all parties.”