Current CFO Michele Bouit will leave the health system effective November 18, 2022.
NorthBay Health—a Fairfield, California-based nonprofit healthcare provider with over $4 billion in total patient revenue—has begun the search for a new chief financial officer, as current CFO Michele Bouit plans to leave the organization next month.
Bouit became CFO for NorthBay Health in August 2020. Before joining NorthBay Health she was the CFO and Vice President of Finance for Dignity Health-Mercy Hospitals Bakersfield. NorthBay says it is actively searching for an interim CFO. Bouit will play a key part in choosing that person and helping them transition into their new role.
"Michele is a dedicated and innovative financial steward. I am grateful for her guidance through this challenging period," B. Konard Jones, president, and CEO of NorthBay Health said in a news release. "She has assisted in providing us with a step-by-step roadmap which we will execute throughout the remainder of her tenure with us and continue beyond her departure with the help of an interim CFO. We will miss her spirit and support."
NorthBay Health has also announced that it is on track to meet its goal of $100 million in implementable savings by the end of this year. Earlier this year the health systems implemented several cost-saving plans—including cutting 7% of its workforce—to combat the extreme financial challenges plaguing hospitals and health systems since the start of the pandemic.
"NorthBay Health is taking these necessary yet difficult steps to resolve our financial situation so we can remain a vital healthcare resource for our community and our patients," Jones told the Daily Republic in July. "Our belt-tightening will not affect the high-quality patient care we deliver and that our community depends on."
Amanda Schiavo is the Finance Editor for HealthLeaders.