Today David Kirshner becomes the next executive vice president and chief financial officer for Lifespan, where he will oversee the budget for the health system and serve as senior finance executive for all Lifespan hospitals and affiliates.
“David has a demonstrated track record of improving the financial performance of large health care organizations and using value-based care to drive outcomes and growth,” said Lifespan President and CEO Timothy J. Babineau, MD. “His depth of expertise and knowledge of an ever-changing health care landscape sets him apart as an executive and leader, and I am pleased to welcome him to the Lifespan team.”
Kirshner will develop operational, budgetary, and balance sheet goals that ensure Lifespan’s long- and short-term financial and operational stability. He will provide counsel to the CEO and board of directors on matters of financial management.
“I began my career trajectory working for and inside hospitals, and I was compelled to return when the COVID-19 pandemic made salient the need for a strong health care delivery infrastructure at the local level,” said Kirshner. “Lifespan is a leader in Rhode Island when it comes to primary medical education, research, and patient care facilities, and continued improvements in our financial position will help raise our national reputation.”
Kirshner has more than 30 years of experience in public accounting, hospital financial management, and chief financial officer positions in academic medicine. Over his career, David led the financial turnarounds of several hospitals in Massachusetts, most notably for Boston Children’s Hospital, where in his 15 years as senior vice president, treasurer and CFO, he engineered an improvement plan that transformed a $50 million operating loss in FY ’97 to an operating surplus of $62 million in FY ’05.
Kirshner joins Lifespan from Ernst & Young in Boston, where he was senior executive advisor for healthcare.
Kirshner holds a bachelor of arts from University of Pittsburgh, and a master of business administration in health care administration and management from Boston University. He is a certified public accountant.
Kirshner replaces Mamie Wakefield, who is retiring after nearly 24 years at Lifespan.