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Karen Testman

Karen Testman

Serving South Los Angeles and Orange Counties in Southern California, Ms. Testman was named Chief Financial Officer in 2013.  MemorialCare is a $2.5 Billion integrated health system with over 220 sites of care including 4 hospitals, 34 freestanding imaging centers, 8 freestanding ASCs, 16 dialysis centers, 23 freestanding physical therapy centers, an IPA and health plan collectively managing 250,000 at-risk lives.She has more than 30 years of experience in health care finance and was instrumental in the development of the system’s ambulatory growth strategy and focus on cost containment. Prior to her current position, she served for 9 years as SVP of Financial Operations for the Corporation.  As CFO, she is responsible for overseeing financial operations and various system wide consolidated functions including Treasury, Accounting and Financial Reporting, Information Services and Technology, Supply Chain, Decision Support, Financial Planning, Government Reimbursement, Patient Financial Services and Care Coordination.  She joined the Health System in 1998 and initially held positions as the Chief Financial Officer of Orange Coast Memorial and Saddleback Memorial Hospitals.  Prior to joining MemorialCare she was the Regional Director of Finance for Catholic Healthcare West’s (now CommonSpirit) Southern California region.  She spent the first five years of her finance career in public accounting as an auditor for Arthur Andersen & Co. focusing on health care clients and began her career in healthcare as a Registered Nurse.