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William Woeltjen Appointed SMH Chief Financial Officer

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Nov/10/2010

Sarasota, FL ( Nov. 10, 2010) – Sarasota Memorial Health Care System is pleased to announce the appointment of William Woeltjen to the position of Chief Financial Officer, effective immediately.

Woeltjen, who previously served as Sarasota Memorial’s treasurer, has been serving as the interim CFO since July 2010, when Sarasota Memorial’s former CFO David Verinder was appointed Chief Operating Officer.

"Bill has demonstrated a phenomenal ability to manage our bottom line, despite a challenging economic climate for health care,” Sarasota Memorial CEO Gwen MacKenzie said of the executive team’s decision to make the appointment permanent. “His depth of knowledge and experience with budget forecasting and project financing will be of particular importance in the months and years ahead as we build our new bed tower and strive to provide the best medical technology and care to our community.”

As CFO, Woeltjen is responsible for all financial matters related to the health care system, including financial reporting, financial planning, revenue cycle, reimbursement, debt management and managed care contracting. He has more than 20 years’ experience in corporate health care finance. Before joining Sarasota Memorial’s Finance Department in 2007, Woeltjen, a Certified Public Accountant, served as corporate treasurer and as corporate chief financial officer for University Community Health in Tampa. He has a bachelor’s degree in Economics and Management from Tulane University and a bachelor’s degree in Accounting and a master’s in Business Administration from the University of South Florida.

About Sarasota Memorial Health Care System
Based in Sarasota on southwest Florida’s Gulf Coast, Sarasota Memorial Health Care System is one of the nation's largest not-for-profit public health systems, with an 806-bed acute care hospital, network of outpatient care centers and specialized expertise in heart, vascular, cancer, and neuroscience services. The system includes state-of-the-art imaging and diagnostic centers, primary and specialty care physicians, interdisciplinary pain care clinics, as well as long-term care and rehabilitation among its slate of services. Founded in 1925, the hospital has been consistently recognized among the nation's best hospitals for quality, safety and superior patient outcomes.

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