by Mindy Aguon
Guam - If he's actually hired, he'll have what might say a monumental task of cleaning up the financial mess at the Guam Memorial Hospital. After weeks of interviews, hospital management announced today the selection of Alan Ulrich as the new chief financial officer for GMH.
Acting CFO Jun Infante says Ulrich beat out five other prospects, including two who lived on island. "He showed a lot of knowledge with information systems, as well as the accounting side so he'll bring a lot of knowledge there since we are now transitioning to a new software," he said.
Ulrich comes from Arizona, where he is CFO and interim healthcare executive at A. Ulrich Consulting, and interim chief financial officer for Gila River Health Care and the Northern California Health System. He lists himself as an accomplished financial professional with strong analytical and project management skills in healthcare. The contract is currently under review at the bureau of budget management and research.
Once approved by the governor, Ulrich will be employed at the hospital for two years under a performance-based contract. "He will be a GG1 employee on contract. He will have same life insurance, health insurance, annual and sick leave accumulation," Infante confirmed. "Hopefully Mr. Ulrich will bring a lot of knowledge and bring his experience and he'll give us direction and we get out of our financial problems."
According to the contract, Ulrich will receive $145,000 a year for two years. The hospital has agreed to pay for relocation expenses from Arizona to Guam, as well as his roundtrip airfare, the shipment of his household goods, 15 days per diem compensation at the rate of $255 per day for relocation, and he will be entitled to attend two professional conferences annually. "According to Mr. [Joseph] Verga [GMH's chief executive officer] we are trying to get him here this month, but sometimes the best laid plans doesn't work hopefully he comes here by December before the end of the year," added Infante.
December is also the time the hospital anticipates having its new billing system online that they hope will help improve billing and drastically increase collections.