John Ulberg Jr. is the new chief financial officer for NYC Health & Hospitals, the organization announced Friday.
For the past 10 years, Ulberg was the CFO for the New York State Medicaid program, where he helped set annual rates and premiums for providers. He helped design the five-year, $8 billion New York State Medicaid Redesign Team Waiver, which was credited with spurring collaboration between providers and framing outcome-based payments.
"He knows New York, he knows large organizations, he knows Medicaid, our single largest payer—he checks off all the key boxes on what would be the absolute ideal for us," Dr. Mitchell Katz, the health system's president and CEO, wrote in a statement.
The largest public health system in the country has been restructuring to try to rectify high costs and inefficiencies throughout the organization.
The 11-hospital system has cut back its workforce and shuffled its leadership as it aims to avoid a $1.8 billion budget deficit by the 2020 fiscal year. Payment changes and delays at the federal and state levels have also buffeted NYC Health & Hospitals, which now looks to invest in primary and specialty care to cut down on long appointment wait times.
Ulberg has more than 25 years of experience in New York State government, during which he oversaw fiscal operations of the New York State Office of Mental Health's network of 22 hospitals and outpatient programs.
