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Stanford Health Care – ValleyCare Hires New Chief Financial Officer

Hospital news | Friday, August 30, 2019

Contact: Denise Bouillerce

Pleasanton, CA (August 30, 2019) --- Stanford Health Care – ValleyCare announced that Kyle Wichelmann will be joining as the new Chief Financial Officer on September 3, bringing more than 20 years of experience in operations, financial management, and strategic planning to his new position. Most recently, Wichelmann was CFO at Seton Medical Center, an acute care hospital and skilled nursing facility in Daly City, Calif., and has worked in senior finance positions at Kaiser Foundation Hospitals, El Camino Hospital District, and in other hospital and health care plan-related fields. He has a strong record of achievement across multiple areas including revenue increases, bottom line improvements, quality assurance, risk management, and team building.

"Kyle will be a strong addition to Stanford Health Care - ValleyCare as we continue to serve the needs of the growing Tri-Valley area. He brings the right strategic thinking, service-delivery planning, and performance improvement expertise that will help us continue to offer our community the highest care possible. We're also pleased that he has roots in our Bay Area community — he grew up in Santa Cruz, and was born at Stanford Hospital," said Rick Shumway, Stanford Health Care – ValleyCare President and CEO. "We could not be more pleased and are excited about the many contributions he will make to our Stanford Health Care -ValleyCare family."

While CFO at Seton Medical Center, Wichelmann achieved many noteworthy results: he spearheaded the opening of a new Skilled Nursing Facility within the medical center; improved authorizations and the billing process for Medicaid collections; improved Medicare reimbursement for in-patient acute psychiatry services; and implemented a lean performance improvement system. In addition, at El Camino Hospitals District he served on the executive team for a performance improvement initiative that improved operating margin by $79 million in one year.

According to Wichelmann, "I am honored to join Stanford Health Care - ValleyCare. The biggest advantage I see — the combination of a local community hospital with the amazing quality and in-depth expertise of Stanford Health Care. I hope to look at the opportunities ahead and focus on those that will be most beneficial to the community. As CFO, I will work closely with operations and clinical leaders on how to add the best value and solutions."

Wichelmann has extensive expertise in operations management, financial and operational reporting, strategic planning, budget development and financial forecasting, decision support and service line reporting, process improvement, and more. He holds an MBA from the University of Florida, and a BS in business administration and finance from California State University at Chico.

About Stanford Health Care - ValleyCare

In 2015, ValleyCare and Stanford Health Care partnered to become Stanford Health Care – ValleyCare. Through highly skilled physicians, nurses and staff, and state-of-the art technology, Stanford Health Care ValleyCare offers a wide range of health care services at its Livermore, Pleasanton, and Dublin medical facilities. Visit www.valleycare.com.