Special to UM News

David. F. Ertel

David F. Ertel, the chief financial officer of Einstein Healthcare Network in Philadelphia, has been named chief financial officer and chief strategy officer for health affairs.

As CFO, Ertel will be responsible for the business systems of the Miller School of Medicine and UHealth – the University of Miami Health System, reporting to Steven M. Altschuler, M.D., Senior Vice President for Health Affairs and CEO of UHealth.

“The success of the value-based health system we are creating will depend, in part, on the sound financial decisions we make, and David will lead the way in critical areas including contracting, budgeting, prioritizing initiatives and business development,” Altschuler said.

Ertel will also have oversight of short- and long-term forecasting, managed care contracting and other financial operations, such as local health market concentration.

“David’s depth of experience will make him a strong leader for the transformation of our health system,” said Altschuler.

The Einstein network in Philadelphia consists of three acute-care hospitals, a nationally recognized rehabilitation hospital, and a physician network that includes 450 employed physicians. The principal medical center — Einstein Medical Center Philadelphia — is affiliated with Thomas Jefferson University and trains 435 residents and fellows and more than 1,000 medical students annually.

As the CFO of Einstein, Ertel has collaborated on service line initiatives in behavioral health and women’s and children’s health, as well as a restructuring of investments and debt.

Previously Ertel was a managing director at Morgan Stanley and head of the National Health Care Group, advising health systems and academic medical centers in financial and strategic matters. He also worked as Vice President and Director of the Health Care Public Finance Group at PaineWebber. Before his investment banking career, he was Budget Director of the New Jersey State Department of Human Services, managing budget planning and control activities.

As a health system trustee, Ertel helped Princeton HealthCare System grow its clinical footprint, including the development of a new hospital.

Ertel holds M.B.A. and M.P.H. degrees from Columbia University. He will begin his new role in late July.