Kennewick General Hospital announced Monday it has a new chief financial officer in place to replace Terry Litke, who resigned earlier this year.
New CFO Jerry Paule comes from Rolla, Mo., where he was chief financial and operating officer for the 240-bed Phelps County Regional Medical Center.
"I'm at a time in my life that I wanted a change of scenery and wanted to be able to work for a hospital where I could make a difference," Paule said.
He has a bachelor of science degree in business administration from the University of Missouri, St. Louis and is a member of the Healthcare Financial Management Association.
He has five children and one grandchild. His wife and two youngest children will join him in Kennewick in January.
KGH CEO Glen Marshall said he hired Paule in large part because of his background in both finance and operations.
"He's got well-rounded experience in financing, construction, operations and operating physician practices," Marshall said. "He's experienced with complex organizations, and health care is a complex business. ... We're excited to have him become part of the team."
Paule also has experience financing big hospital projects, including additional wings and medical office buildings for the Phelps County hospital.
Marshall said that experience will serve KGH well as Paule dives into the Kennewick hospital's efforts to secure financing for its Southridge project.
After a battle with Kadlec Regional Medical Center over expansions -- a battle that ended in July -- KGH in September submitted preliminary paperwork to the federal Department of Housing and Urban Development toward an eventual $112 million financing application.
The hospital first must go through a preliminary approval process of making sure all parts of the application are in order. Then the final application becomes more or less a formality, hospital officials have said.
Marshall said KGH got word that HUD started reviewing its preliminary paperwork this month, after the federal fiscal year started Oct. 1.
HUD hasn't given a timeline for responding, but Marshall said KGH officials hope word comes soon.
"(HUD) indicated they would give it a very thorough review and get back to us once that's complete," he said.
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