Dougan named Wellmont's interim CFO
Contributed To The Press • Yesterday at 4:05 PM
KINGSPORT - Todd Dougan, a 34-year finance professional who has worked for 23 years in health care, has been selected as interim chief financial officer for Wellmont Health System.
will assume this position effective April 23 and succeed Alice Pope.
Bart Hove, Wellmont's president and CEO, said the transition will be smooth because Dougan has served as the organization's senior vice president of finance for 10 years.
In that position, Dougan is a member of the executive leadership team and plays an integral role in ensuring Wellmont is on solid financial ground.
"Todd is an outstanding financial leader who has demonstrated extraordinary skill and integrity in his stewardship of our finances," Hove said.
is the primary day-to-day contact with Wellmont's
lenders, bondholders and ratings agencies.
The health system regularly interacts with these entities and recently learned Standard and Poor's
Ratings Service and Fitch Ratings had reaffirmed Wellmont's
BBB+ bond rating.
"My career with Wellmont
has been fulfilling and provided me with wonderful opportunities to work on innovative approaches to health care that have further advanced our organization," Dougan
"We have set a high bar, and everyone's efforts have enabled us to attain impressive heights in the delivery of high-quality care for our patients.
As we take the next steps to continue our progress, I am thankful to have a strong financial team working behind the scenes with me to help ensure our success."
Prior to joining Wellmont, Dougan served as chief financial officer within Hospital Corporation of America and Columbia/HCA Healthcare Corp.; chief financial officer and treasurer for the Trover Clinic Foundation in Madisonville, Kentucky; a consultant for Murray-Calloway County Hospital in Murray, Kentucky; and interim chief financial officer for St. John's Regional Medical Center in Joplin, Missouri.
A certified public accountant, Dougan began his career at Price Waterhouse, rising to manager and senior manager of the auditing and business advisory firm.
Dougan is a member of American Institute of Certified Public Accountants and the Healthcare Financial Management Association.
Previously, he co-founded the Hopkins County Community Clinic in Madisonville and served as co-chair of the American Cancer Society's Relay for Life Committee in Hopkins County.
He has a bachelor's degree in business administration from the University of Evansville.
Roger Leonard, chairman of Wellmont's board, said the selection of Dougan as interim CFO is a textbook example of good succession planning.