What You Need To Know
Hackensack Meridian Health announced the appointment of Michael Allen, MHA, CPA, FHFMA, as President, Financial Services Division and Chief Financial Officer, effective December 9, 2024. Allen will succeed Bob Glenning, who is retiring after 18 years with HMH.
Allen will oversee the financial services, revenue operations, purchasing and materials management, and investment management teams. In this role, Mike will manage HMH’s short- and long-term financial plans, serve as a strategic business partner to the CEO, and advise the board of trustees on all financial-related matters.
Allen brings over 35 years of experience in business and healthcare, including 28 years as a CFO for health systems. He most recently served as CFO of OSF Healthcare System, where he oversaw all financial operations and led a team of 1,600 finance professionals. During his tenure, he also served as a voting committee member of the $250 million venture fund OSF Ventures, which achieved an impressive internal rate of return exceeding 25% on portfolio exits.
Allen holds a Master's Degree in Healthcare Administration from the University of Minnesota and a Bachelor of Science from Illinois State University. He is a dedicated volunteer leader for the Healthcare Financial Management Association, recently serving as Chair of the Board.