Eastern Maine Healthcare Systems Names Derrick O. Hollings New Chief Financial Officer

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Eastern Maine Healthcare Systems, serving all of Eastern, Northern and Central Maine, selects Derrick O. Hollings as Senior Vice President, Treasurer and Chief Financial Officer following a nationwide search.

Healthcare management consulting
Derrick is a well-rounded, strategic thinker whose expertise in helping healthcare organizations position themselves strategically through financial best practices will greatly benefit EMHS.

MSA Executive Search, the executive search practice of Integrated Healthcare Strategies, a national consulting firm dedicated exclusively to healthcare, announced today that a nationwide search for Eastern Maine Healthcare Systems (EMHS) concluded with the placement of Derrick O. Hollings as the new Senior Vice President, Treasurer and Chief Financial Officer. Hollings will begin his new post on April 9, 2012.

EMHS President and CEO, M. Michelle Hood, FACHE said, “We contracted with MSA Executive Search to identify a pool of qualified CFO candidates. In all, EMHS was presented with twelve exceptionally qualified candidates. Derrick Hollings was selected from the final group of five following two rounds of exhaustive interviews.”

“Derrick is uniquely qualified to fill one of the most important roles in our system,” continues Hood. “He is a well-rounded, strategic thinker whose expertise in helping healthcare organizations position themselves strategically through financial best practices will greatly benefit EMHS. His experience and knowledge will complement what is an already high functioning executive leadership team.”

In the Senior Vice President, Treasurer and Chief Financial Officer position, Hollings will oversee strategic and tactical matters relating to financial services, treasury, property management and self-insurance programs. Responsibilities include oversight of support services that are provided across the system and nearly 200 full and part-time employees - including EMHS staff based at various system member organizations.

“EMHS tasked MSA Executive Search with finding a healthcare leader to perform a key role in leading a continually evolving, mission-driven health system toward higher levels of integration,” said Jane Groves, Executive Vice President and Senior Advisor at MSA Executive Search. “Derek Hollings was clearly a highly qualified candidate and a front runner when we presented the slate of candidates.”

Hollings comes to EMHS from United Medical Center in Washington, DC. During his two and a half year tenure there, Hollings filled two separate roles: executive vice president of hospital operations and CFO. Hollings, a graduate of University of Alabama at Birmingham, has spent his career in academic medical centers, community hospitals and joint venture companies. Experience in these settings, Hollings believes, makes him uniquely qualified to understand the many financial concerns of the broad array of companies within EMHS.

About Eastern Maine Healthcare Systems
EMHS is a technologically advanced regional healthcare system serving all of central, eastern and northern Maine. Its hospitals offer access to high-quality healthcare, while striving for efficiencies that will control costs and stabilize availability. EMHS is committed to delivering quality and cost-effective patient care, despite the difficult healthcare environment that is challenging the nation and the residents of Maine. While challenges have escalated in recent years, EMHS’s continued success exemplifies the tremendous commitment the organization has to its mission to improve the health and well-being of the people who live in the nine-county region. For more information, please visit http://www.emh.org.

About Integrated Healthcare Strategies
Integrated Healthcare Strategies provides healthcare organizations with direct access to a comprehensive array of healthcare-specific services, delivered by professionals from the industry who understand the rigors of running a healthcare organization – from the lunchroom to the Board Room. Its client list is a “who’s who” of healthcare organizations including over 1,200 major healthcare providers, 1,800 hospitals and 700 independent and affiliated medical groups. Integrated Healthcare Strategies specializes in the areas of physician strategy and compensation, employee compensation, executive compensation, human resource solutions, labor relations, leadership transition planning, executive search, compensation and employee engagement surveys, performance management, board governance solutions, and M&A transition issues. Visit http://www.ihstrategies.com. Read our blog at http://ihstrategiesblog.com.

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Julie McCauley
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