NASHVILLE – HCA (NYSE:HCA), which operates 164 hospitals and 112 freestanding surgery centers in 20 states and England, today announced Michael O’Boyle has been named a senior officer and President and CEO of Parallon Business Solutions, effective January 3, 2012.
O’Boyle currently is President of UnitedHealth Networks, where he is responsible for contractual and service relations with care providers for all of UnitedHealthcare’s benefit businesses.
Parallon, which launched in May, is a subsidiary of HCA and offers healthcare providers a complete range of industry-leading business solutions that have been proven over the last ten years. Parallon’s full portfolio of unique business solutions includes group purchasing through HealthTrust Purchasing Group®, one of the nation’s leading group purchasing organizations, staffing management, supply chain services, project management, revenue cycle management and other business solutions.
O’Boyle replaces Beverly B. Wallace, a 28-year veteran of HCA, who led the company’s shared services group and the launch of Parallon. Her plan to retire was announced in July. O’Boyle will report to HCA’s President and Chief Financial Officer, R. Milton Johnson.
“We are pleased to have Michael join Parallon and HCA’s senior management team,” said Johnson. “We look forward to Parallon’s growth under his leadership.”
As President of UnitedHealth Networks since 2008, O’Boyle has been responsible for the aforementioned services for UnitedHealth Group’s commercial, Medicare, Medicaid, and veterans and military lines of business, which serve its members through a vast network of hospitals, doctors and ancillary providers.
Before that, O’Boyle served as the Cleveland Clinic’s Chief Operating Officer from 2005 to 2008. In this role, he was responsible for the operations of all of the system’s regional hospitals (Ohio and Florida). O’Boyle joined the Cleveland Clinic as Chief Financial Officer in 2001 and served in that capacity until 2005.
From 1991 to 2001, he served as chief financial officer for Medlantic Healthcare Group and MedStar Health, Inc. and helped lead the merger that created Medstar Health in 1998. From 1987 to 1991, he held several financial leadership roles, including chief financial officer, for three hospitals.
All references to “Company” and “HCA” as used throughout this release refer to HCA Holdings, Inc. and its affiliates.