By Tania Chatila
William M. Gorenstein, CPA, has been appointed chief financial officer for Keck Medicine of USC, leading financial operations for the entire medical enterprise, and playing a key role in managing the system’s financial accountabilities, sustainability and long-term fiscal goals.
“This is a new role for our Keck Medicine senior team and one that is crucial to our journey forward, especially as we expand our system’s reach through ongoing investments and strategic partnerships,” said Tom Jackiewicz, MPH, senior vice president and CEO for USC Health, to whom Gorenstein reports.
As CFO, Gorenstein will be responsible for financial integration across the enterprise, funds flow management, financial evaluation of new business initiatives and long-range fiscal planning. Serving as a business partner to senior executives in the clinical, academic and research entities, Gorenstein will provide broad financial leadership and counsel to support improvements, growth and expansion. He also will maintain close relationships with USC leaders to position the clinical enterprise as a financial engine for the University’s growth.
“I’m extremely pleased to be taking on this new role at such a pivotal time for Keck Medicine,” said Gorenstein. “I have enjoyed participating with our exceptional faculty, nurses and staff to realize unprecedented growth for the organization. I am confident that growth will accelerate as we carry out the critical expansion efforts outlined in our strategic plan. Now is the time to further integrate the operations that span our clinical enterprise, and drive development of a self-sustaining, cohesive, fiscally sound health-care system.”
Gorenstein previously supported the organization as CFO of Keck Hospital of USC and USC Norris Cancer Hospital, leading initiatives to improve the hospitals’ financial performance. A search for a new CFO for those entities has commenced.
Before joining USC, Gorenstein served as vice president of financial operations at City of Hope. Prior to that, he served in various financial leadership positions at the University of Pennsylvania for more than 20 years. He holds a bachelor’s degree in accounting from Temple University and is a certified public accountant.