Atlantic Health System Senior Vice President and Chief Financial and Administrative Officer Kevin Lenahan has again been lauded by industry heavyweight Becker’s Healthcare for his financial leadership of the 17,000-employee health system.
Becker’s Hospital Review named Lenahan one of 106 hospital and health system “CFOs to Know” in its 2019 annual list of top performers. Previous lists in 2017 and 2018, which also featured Lenahan, included 150 top CFOs. The annual list is culled from CFOs nationwide who lead financial departments at large health systems and smaller community hospitals alike. All nominees must go through an application process to be chosen.
Lenahan has helped Atlantic Health System grow to more than $2.7 billion in annual revenue since becoming CFO in 2010. In addition to its five hospitals and one pediatric hospital, Atlantic Health System encompasses Atlantic Home Care and Hospice, At Home Medical, Atlantic Ambulance Corp., and AHS Investment Corp., which manages most of the system’s real estate and joint ventures. Lenahan also presides over AHS Insurance, Ltd., the organization’s captive insurance company.
Under Lenahan’s leadership, Atlantic Health System maintained its S&P AA bond rating in 2018, which is the highest rating given to a healthcare system in New Jersey. It also maintained its Moody’s AA3 rating after being the first healthcare system in New Jersey to receive one.
“Kevin’s leadership has been instrumental in helping our team thrive in the fast-changing health care environment,” said Atlantic Health System President and CEO Brian Gragnolati. “Thanks to his unique insight and talent, we’ve forged innovative alliances and invested in cutting-edge technology and facilities that support the highest quality care for our patients and communities. We congratulate him on this well-deserved honor.”
Lenahan, a fellow of the Healthcare Financial Management Association, has received several other leadership awards, including a corporate leadership award from STOMP Out Bullying, a CFO Excellence Award from CFO Studio and CFO of the Year from NJBIZ.
About Atlantic Health System
Atlantic Health System is at the forefront of medicine, setting standards for quality health care in New Jersey, Pennsylvania and the New York metropolitan area. Powered by a workforce of almost 17,000 team members and 4,800 affiliated physicians dedicated to building healthier communities, Atlantic Health System serves more than half of the state of New Jersey including 11 counties and 4.9 million people. The system offers more than 400 sites of care, including seven hospitals: Morristown Medical Center in Morristown, NJ, Overlook Medical Center in Summit, NJ, Newton Medical Center in Newton NJ, Chilton Medical Center in Pompton Plains, NJ, Hackettstown Medical Center in Hackettstown, NJ, Goryeb Children’s Hospital in Morristown, NJ, and Atlantic Rehabilitation Institute in Madison, NJ.
In addition to the employed workforce, Atlantic Alliance, a Clinically Integrated Network represents more than 2,500 health care providers throughout northern and central NJ. This network includes 1,000 physicians and providers comprising one of the largest multi-specialty practices in New Jersey - Atlantic Medical Group, as well as members of the Atlantic Accountable Care Organization and Optimus Healthcare Partners which work to enhance patient care delivery.
Atlantic Health System provides care for the full continuum of health care needs including 12 urgent care centers, Atlantic Rehabilitation and Atlantic Home Care and Hospice. Facilitating the connection between these services on both land and air is the transportation fleet of Atlantic Mobile Health.
Atlantic Health System leads the Healthcare Transformation Consortium, a partnership of seven regional hospitals and health systems dedicated to improving access and affordability and is a founding member of the PIER Consortium – Partners in Innovation, Education, and Research – a streamlined clinical trial system that will expand access to groundbreaking research across seven health systems in New Jersey.
Atlantic Health System has a medical school affiliation with Thomas Jefferson University and is home to the regional campus of the Sidney Kimmel Medical College at Morristown and Overlook Medical Centers and is the official health care partner of the New York Jets.