MINNEAPOLIS and ST. PAUL, Minn., Sept. 16, 2013 /PRNewswire/ -- Children's Hospitals and Clinics of Minnesota is pleased to welcome K. Alec Mahmood as its new chief financial officer, effective July 15. Mahmood succeeds Jerry Massman, who recently retired following a distinguished 18-year career with the organization.
Mahmood will oversee Children's financial activities, including financial planning, accounting, revenue management, treasury and accounts payable. He brings more than 20 years of experience in health care management and financial leadership to his new role. Most recently, he spent five years as the chief financial officer for HealthMarkets, a Dallas-based health and life insurance company. Prior to joining HealthMarkets, he was the chief financial officer and chief operating officer of the Medicaid division at Coventry Health Care. He has also held leadership positions at Ardent Health Services, Kaiser Permanente and Health Net.
"Alec brings thoughtful and varied expertise to the Children's team, with his past roles spanning the physician, hospital and payer realms, as well as with for-profit and non-profit organizations," said Alan L. Goldbloom, MD, chief executive officer, Children's Hospitals and Clinics of Minnesota. "I am confident he will continue the tradition of strong financial leadership that Jerry Massman established and we all look forward to his contributions in the next stage of our growth."
Mahmood said he is excited to help Children's navigate the transformation of the health care industry. "Children's has a strong track record of focusing on quality and efficiency, while providing extraordinary care for the children of Minnesota and beyond. I look forward to helping the organization continue to deliver on its mission and strategic objectives as we meet the growing needs of the community."
Mahmood was raised in Southern California, and after graduating from Creighton University in Omaha, Neb., returned to California to complete his master's in health administration at the University of Southern California. He, his wife and their four children are looking forward to settling into the Twin Cities.
About Children's Hospitals and Clinics of Minnesota
Serving as Minnesota's children's hospital since 1924, Children's Hospitals and Clinics of Minnesota is one of the largest pediatric health care organizations in the United States, with 381 staffed beds at its two hospitals in St. Paul and Minneapolis. An independent, not-for-profit health care system, Children's of Minnesota provides care through more than 12,000 inpatient visits and more than 300,000 emergency room and other outpatient visits every year. Children's is the only Minnesota hospital system to provide comprehensive care exclusively to children. Please visit childrensMN.org.
SOURCE Children's Hospitals and Clinics of Minnesota