I’ve asked St. Luke’s Health System Vice President and Controller Pete DiDio to share his perspective on what he and his team do. His thoughts are presented here. I’ve introduced Pete in a previous post, and you’ll be hearing more from him and other members of our executive team in this space in the future.
In 2006, I joined as the official first hire into St. Luke’s Health System.
Since then, I have seen our System grow and mature from a collection of hospitals and facilities into a highly coordinated organization with an expanded mission, vision, and positive impact on the lives of people across our region.
I am often asked what I do at St. Luke’s. My response, what rings true for me, is that I help save lives. My role is to support those who are next to our patients and their families by ensuring that St. Luke’s resources are managed and sufficient to serve those who come to us for care, our communities.
Saving lives for me can include tasks such as paying our employees or supply bills, or the more complicated ventures of issuing public bonds in distressed financial times, or analyzing health care regulation changes.
The day-to-day financial operations and financial planning tasks are always changing, and with the industry facing so many changes now and into the foreseeable future, it is important that we stay focused. Health care finance is complicated, but our organization is supported by a finance team that has been adaptive and responsive to the needs of our employees, communities, and the health care industry in general.
My background is with Big Four public accounting, and so by training I tend to be a structured, procedural individual. It’s served me well, and is doing so especially now, as we find new ways to do the same things more efficiently. I have been told that my greatest assets are my loyalty and tenacity, and I can think of no organization or industry that are in greater need of, or can be better served by, such characteristics at this time. Our patients and communities deserve and are worthy of my commitment.
When I left public accounting, I wanted to make a difference, and took considerable time to ensure the next step in my career was one that would motivate me every day. St. Luke’s has been a perfect fit. Regardless of the specific task, I could not be happier to bring my experience and diligence to bear for the benefit of this organization, its patients, their families, our physician partners, and our employees.
And while we don’t always know what’s waiting for us over the horizon, given the challenges ahead in health care and the world of financial management, I am confident that I am helping lead and support an organization that is trying to fix the health care delivery system for our region!
David C. Pate, M.D., J.D., is president and CEO of St. Luke's Health System, based in Boise, Idaho. Dr. Pate joined the System in 2009. He received his medical degree from Baylor College of Medicine in Houston and his law degree from the University of Houston Law Center.