DALLAS, March 31, 2014 – Fred Savelsbergh has been named chief financial officer (CFO) of Baylor Scott & White Health, the newly formed parent company for the combined health systems of Scott & White Healthcare and Baylor Health Care System. As CFO, Savelsbergh oversees all financial strategy, functions and transactions for the new entity, which has 34,000 employees and $8.3 billion in total assets*. Savelsbergh previously served as CFO of Baylor Health Care System.
During the formation of Baylor Scott & White Health, Savelsbergh provided critical analysis and leadership, helping structure and effectively position the company in a rapidly changing health care landscape.
“Being CFO of Baylor Scott & White Health isn’t about dollars and cents. It’s about creating an environment where patients and families who turn to us know that they are receiving high quality care,” says Savelsbergh. “It’s also about creating an organization that’s an employer of choice for clinicians that want to be a part of serving our communities.”
Savelsbergh has been with Baylor his entire career, which spans more than three decades. He joined Baylor as a corporate staff accountant in 1982 after receiving an undergraduate degree in economics and accounting with honors from the University of North Texas. Savelsbergh is a 2010 graduate of the Harvard Business School’s Advanced Management Program.
Savelsbergh has held several leadership roles, both financial and operational. In 1984, Savelsbergh moved to Baylor Regional Medical Center at Grapevine where he held numerous positions including: interim president and secretary of the Baylor Grapevine board of trustees, vice president of finance, and chief financial officer.
In 1997, Savelsbergh joined the Baylor University Medical Center at Dallas leadership team as vice president of finance and chief financial officer. Prior to being named CFO of Baylor Health Care System in 2009, he served as the senior vice president of hospital finance for the system.
“I feel fortunate to have been able to grow both personally and professionally along with Baylor, and I’m really excited about this new era we’re about to enter as Baylor Scott & White Health,” says Savelsbergh.
Savelsbergh has received recognition from both local and national organizations. Last October, the Dallas Business Journal recognized him with their CFO Lifetime Achievement Award for his many accomplishments not just as a CFO, but also as a business and community leader. Earlier in 2013, Savelsbergh appeared on the prestigious “125 Hospital and Health System CFOs to Know” list by Becker’s Hospital Review.
About Baylor Scott & White Health
Baylor Scott & White Health, the organization formed from the 2013 merger between Baylor Health Care System and Scott & White Healthcare, is today the largest not-for-profit health care system in the state of Texas. With total assets of $8.6 billion* and serving a geographic area larger than the state of Maine, Baylor Scott & White Health has the vision and resources to provide its patients continued quality care while creating a model system for a dramatically changing health care environment. The organization now includes 46 hospitals, more than 500 patient care sites, more than 6,000 active physicians, 36,000 employees and the Scott & White Health Plan.
* based on unaudited fiscal year 2014 financial statements