MemorialCare CFOs Among Nation's Best

Karen Testman and John Bishop Named Top Hospital and Health System CFOs

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Jun 10, 2015, 08:07 ET

FOUNTAIN VALLEY and LONG BEACH, Calif., June 10, 2015 /PRNewswire/ -- Two MemorialCare Health System Chief Financial Officers (CFOs) have been named among "150 Hospital & Health System CFOs to Know in the U.S." by Becker's Hospital Review. MemorialCare is the only health system in Los Angeles and Orange counties with two CFOs on the list.

Karen Testman, RN, CFO of MemorialCare Health System, and John Bishop, CFO of Long Beach Memorial, Miller Children's & Women's Hospital Long Beach, Community Hospital Long Beach and Seaside Health Plan, are described by Becker's Hospital Review as "the most impressive health care finance executives in the country."

With more than 20 years of health care experience, Testman was MemorialCare Health System's Senior Vice President of Financial Operations before becoming CFO in 2013. Since joining MemorialCare in 1998, she has been CFO at Orange Coast Memorial in Fountain Valley and Saddleback Memorial Medical Center in Laguna Hills and San Clemente. Previously Testman was in public accounting and began her career as a registered nurse. She is a popular national speaker on health care finance, mergers and acquisitions, and operational topics, as well as quoted frequently in business publications.

Bishop became Senior Vice President & CFO of MemorialCare's three Long Beach hospitals in 2009 and CFO for Seaside Health Plan in 2014. He also oversees the financial operations of Memorial Medical Center Foundation, a philanthropic support organization with more than $180 million in assets. He was previously CFO at Saddleback Memorial in Laguna Hills and San Clemente and spent 12 years in public accounting, serving prominent health care organizations. He is treasurer of California Children's Hospital Association, is a CPA and speaks frequently on health care topics.

In recognizing MemorialCare for financial strength and innovations in health care quality and leadership, Testman and Bishop were lauded for "navigating their organizations through the stormy seas of health reform and keeping their ships upright during the shift to value-based health care." Leaders were selected through a comprehensive process by Becker's Hospital Review, one of the nation's largest media companies covering the health care arena.

"On behalf of our 15,000 employees, affiliated physicians, volunteers and board members, we congratulate Karen and John on this outstanding achievement," says Barry Arbuckle, PhD, president & CEO, MemorialCare Health System. "Their contributions ensure we are able to provide the highest quality and most compassionate care to the many communities we serve.

With more than 200 care locations throughout Orange and Los Angeles counties, MemorialCare Health System is a nonprofit, integrated delivery system that includes six top hospitals – Long Beach Memorial, Miller Children's & Women's Hospital Long Beach, Community Hospital Long Beach, Orange Coast Memorial Medical Center in Fountain Valley and Saddleback Memorial Medical Center in Laguna Hills and San Clemente; MemorialCare Medical Group; Greater Newport Physicians Independent Practice Association (IPA); Seaside Health Plan; ambulatory surgery centers, imaging centers, urgent care centers and numerous outpatient health centers. To learn more, visit memorialcare.org.

SOURCE MemorialCare Health System