Becker's Healthcare December 30, 2024
Kirsten Largent, recently promoted to CFO of Peoria, Ill.-based OSF HealthCare in November, has been with the non-profit health system for 31 years, helping it navigate both significant growth and challenges brought on by the evolving healthcare industry.
Ms. Largent recently told Becker’s the system’s goal is to achieve a 2% operating margin in fiscal 2025, up from 0.3% in fiscal 2024.
“Prior to COVID-19, we were running about a 3% operating margin, then went down to a negative 3% in 2022,” she said. “In 2023, we worked on a lot of margin repair initiatives, got back to break-even, and now are continuing that improvement trend to get to a 2% operating margin in fiscal year 2025.”
Ms. Largent...
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