Dive Brief:
- Longtime Dignity Heath Chief Financial Officer Michael Blaszyk has announced his retirement, effective at the end of this year.
- Under Blaszyk's leadership, Dignity Health has reported positive operating margins since 2003. Blaszyk joined in 2000 following a period of losses totaling over $1 billion; the system reported a profit margin of 8.3% on annual revenue of close to $11 billion in 2014.
- Blaszyk will go on to work with his wife with Year Up, which helps disenfranchised young people find jobs in healthcare and IT.
Dive Insight:
Blaszyk has been in the C-suite at Dignity through a lot of significant changes, not least its dramatic financial turnaround. During his tenure, the company acquired the national occupational medicine company U.S. HealthWorks, as well as billing and financial management venture Optum 360. According to The Sacramento Business Journal, he developed the system's patient financial assistance policy, during a time when shifting reimbursement structures often leave patients on the hook for high out-of-pocket costs.