Karen Testman, RN
Chief Financial Officer
MemorialCare Health System
 

Ms. Testman was named Chief Financial Officer of the Corporation in 2013.  MemorialCare Health System is a $2.5 Billion integrated health system with over 220 sites of care including 4 hospitals, 35 freestanding imaging centers, 9 freestanding ASCs, 13 dialysis centers, a medical group, IPA and health plan collectively managing 250,000 at-risk lives, serving South Los Angeles and Orange Counties.  She has more than 30 years of experience in health care finance. Prior to her current position and for the past 9 years, she served as SVP of Financial Operations for the Corporation responsible for overseeing financial operations and various system wide consolidated functions including Decision Support, Budgeting, Government Reimbursement, Materials Management/Purchasing, Patient Financial Services, Accounting and Financial Reporting.  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 Dignity) 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.  She received her nursing degree from Loma Linda University and her Bachelor of Business Administration degree in Accounting from Loma Linda University – La Sierra Campus.