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May 10, 2017
May 10, 2017
Rich Silveria, a finance leader with more than three decades of experience in health care, has been appointed executive vice president and chief financial officer of the University of Chicago Medical Center. He will oversee finances for the medical center and its Community Health and Hospitals Division, which includes the recently merged Ingalls Health System. He will begin his new role July 1.
Silveria has extensive experience managing health care payment models and financial operations in academic medical centers. Since 2010, Silveria has served as the senior vice president of finance and system CFO of Boston Medical Center, a $2.9 billion health system that includes an academic medical center, a faculty practice group and a health plan. Silveria helped guide Boston Medical Center through a financial turnaround from a projected loss in fiscal 2010 to an operating gain in fiscal 2013, putting the system on a strong financial foundation. He was instrumental in evaluating Boston Medical's opportunities for growth and formulating strategies that have enabled it to thrive.
Prior to Boston Medical Center, Silveria spent 12 years as corporate director of revenue finance at Partners HealthCare in Boston.
"We look forward to having Rich join our team as we continue to expand our service offerings throughout the Chicago area," said Kenneth S. Polonsky, executive vice president for medical affairs at the University of Chicago. "His financial expertise will serve us well in this demanding time for health care providers."
Silveria earned a bachelor's degree from University of Massachusetts Lowell and an MBA, with a concentration in finance, from Northeastern University.
He replaces Gary Gasbarra, who served as interim CFO.