Northwell Health has appointed a pair of veteran finance executives to the helm of their business strategy and finance operations.
Richard Miller, who joined Northwell in 2008, will serve as executive vice president and chief business strategy officer. Michele Cusack will manage finance operations as senior vice president and chief financial officer, the system said.
Mr. Miller will lead efforts directed at revenue optimization and financial strategies. Ms. Cusack's responsibilities include financial reporting, financial planning, system-wide budgeting and internal auditing.
Miller and Cusack will replace current Executive Vice President and Chief Financial Officer Bob Shapiro, who is retiring after 17 years in that role and more than three decades with the system.
"His fiscal leadership helped transform and grow Northwell Health into one of the state's most-integrated health systems and largest private employer," Northwell said in a statement.
Before joining Northwell, Miller served as CFO for NYU Hospitals Center. During his tenure with Northwell, he has been promoted to deputy CFO of business strategy and senior vice president overseeing value-based payment arrangements, contracting and business development strategies, payer relations and contract negotiations. He will continue in his concurrent role as chair of the Northwell Health Plans Holding Company.
Ms. Cusack has been part of the Northwell system since 1996, and stepped into the role of deputy CFO and senior vice president of finance last year. She has managed corporate financial reporting, budgeting, cash management and tax management, as well as the planning, development and implementation of our financial policies, strategies and operational standards. She serves on the Northwell Board of Trustees' finance and audit committees as an administrator.
"Both are insightful individuals with vast knowledge of our health system who have been instrumental in strengthening our financial performance and guiding prospective ventures," said Northwell President and CEO Michael J. Dowling. "Both will transition into new, complementary roles that will drive our financial health. Their guidance will be critical as we continue to innovate and grow."