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Montefiore in the News

Seasoned Financial Executive to Guide MHS Through Complicated Financial Waters and Reimbursement Streams

NEW YORK (January 15, 2016)—Montefiore Health System (MHS) has appointed Colleen M. Blye as executive vice president and chief financial officer. Ms. Blye, who brings more than 25 years of leadership in large, complex, healthcare organizations, will assume responsibility for financial strategy across Montefiore and Albert Einstein College of Medicine.

“With an academic medical center as our anchor, we are transforming how we deliver care and ensuring the economics and value of these services are better aligned,” Steven M. Safyer, M.D., president and CEO, Montefiore Health System. “Colleen’s experience leading integrated healthcare delivery systems makes her particularly well-suited to help build on our rich history of creating and taking on innovative payment arrangements aimed at improving care and advancing Montefiore’s financial standing.”

Ms. Blye joins Montefiore from Catholic Health Services of Long Island (CHS), an integrated healthcare delivery system, including six hospitals and three nursing homes At CHS she served as Executive Vice President and Chief Financial Officer and had direct responsibility for treasury management, revenue cycle, financial reporting and planning, third-party contracting, supply chain, accounts payable, payroll, and information technology.

“Change is needed in the way healthcare is delivered and paid for,” said Colleen M. Blye, executive vice president, chief financial officer, Montefiore. “I’m proud to join Montefiore, which is leading the way in creating a system where everyone receives the same level of high quality care, regardless of their ability to pay. I am excited to be part of the leadership team that will further this model and will achieve our goal of taking on risk for one million patient lives.”

Earlier in her career, she was Executive Vice President for Finance and Integrated Services at Catholic Health Initiatives, a health system with 78 hospitals in 20 states. Her work in two non-profit hospital systems have contributed to her professional commitment to advancing the health of communities and providing the same standard of excellent care to all, regardless of socioeconomic status.

Ms. Blye has been a certified public accountant since 1984 and is a member of the American Institute of Certified Public Accountants and the Healthcare Financial Management Association. She is a graduate of the University of Delaware with a Bachelor of Science degree in accounting.