IOWA CITY — After nearly a year without a permanent chief financial officer — a period that saw fiscal tumult in the form of deficits, revenue shortfalls and budget cuts — University of Iowa Health Care on Thursday announced it has hired Bradley Haws to fill the vacancy.
He will start Aug. 20.
Haws now is chief executive officer of the University of Virginia Physicians Group, a multispecialty practice of more than 1,000 UVA physicians and health professionals employed with the group and the University of Virginia School of Medicine.
He has served as senior associate dean for finance and chief operating officer of the university’s School of Medicine, and also was the founding chief financial officer of the Intermountain Medical Group in Salt Lake City, a nonprofit health care system.
UI Health Care encompasses UI Hospitals and Clinics, UI Physicians and the Carver College of Medicine.
In his new role, Haws will oversee financial operations for all patient care activities as well as medical education programs and the research enterprise, according to a UIHC news release.
“He also will serve as a key member of the executive leadership team and maintain responsibility for coordination and collaboration with UI finance and operations, the Board of Regents, the state of Iowa and other key constituencies,” the release said.
Haws succeeds Doug True, who has served as interim associate vice president and CFO over UI Health Care since Ken Fisher left July 4, 2017.
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Fisher retired after 10 years in the role, putting him among a handful of administrative departures atop the UI Health Care system.
Jean Robillard, former vice president of medical affairs and dean of the College of Medicine, left in October after nearly 15 years in a top UIHC leadership post.
Ken Kates, UI Health Care associate vice president and UI Hospitals and Clinics chief executive officer, in January announced he plans to retire this summer.
The UI hired Brooks Jackson in October to replace Robillard, a transition that happened as the enterprise was weathering damaging health care headwinds and statewide changes creating fiscal challenges manifest as an end-of-year deficit and below-budget performance.
UI officials, in response, initiated an $86 million plan to cut costs and increase revenue, and administrators in April reported progress — realizing $41.4 million in savings so far, with 60 percent of the initiatives planned for the second half of the budget year.
Of the $86 million goal, $46 million was tied to reduced labor expenses, targeting the equivalent of 500 full-time jobs.
Administrators last month reported having cut 487 positions through attrition and layoffs — although Jackson said it was mostly through attrition.
UI Health Care also is part of the campuswide five-month building moratorium that UI President Bruce Harreld enacted in response to state appropriation cuts.
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In his new role, Haws will earn a salary of $540,000. That is above Fisher’s salary when he retired of $504,722 — although Fisher actually earned $648,359 in 2017, according to state records.
In a statement, Jackson welcomed Haws to campus and said he’ll bring “a tremendous amount of experience in the financial management in health care, especially in academic medicine.”
Haws, who earned bachelor’s and master in business degrees from Brigham Young University, spent 14 years as CFO of the Intermountain Medical Group before joining the University of Virginia Physicians Group as chief operating officer and CFO in 2004.
He added to those roles his duties with the School of Medicine in 2007 and then in 2010 became CEO of the University of Virginia Physicians Group.
In 2013, he ended his tenure as senior associate dean for finance and COO of the School of Medicine and returned as full-time CEO of the physicians group.
“We look forward to his expertise in support to our tripartite mission of medical education, research, and patient care,” Jackson said in the statement.
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