CONTACT: EVE HOMAN
8798 John Pappajohn Pavilion
Iowa City IA 52242
UIHC names Ann Madden Rice new chief financial officer
IOWA CITY, Iowa -- Ann Madden Rice, vice president and chief financial
officer of the Mary Greeley Medical Center in Ames, has been named associate
director and chief financial officer of the University of Iowa Hospitals
and Clinics, effective May 3, 1999.
As UIHC's new chief financial officer and director of the Office of
Financial Management and Control, Rice, 41, will have direct oversight
of an annual operating budget in excess of $400 million.
Rice succeeds Kenneth H. Yerington, who is entering phased retirement
after 33 years of service with the UIHC, most recently as director of financial
management and control.
"Ann Madden Rice brings to the UIHC first-rate financial management
experience, proven excellence in leadership, and fresh insight regarding
the changing climate of health care," said R. Edward Howell, UIHC
director and chief executive officer. "We're very excited and pleased
to welcome her back."
Rice served two years as a financial analyst at the UIHC while pursuing
her master's degree in accounting, which she received from the UI in 1983.
"I'm delighted to be coming back. The UIHC is a world-class institution,"
said Rice, a certified public accountant. "I was attracted to the
UIHC's great programs and high quality of care. It's a great opportunity."
Rice, who was named an "up and comer" in the health care industry
by Modern Healthcare Magazine in 1994, is a diplomate of the American College
of Healthcare Executives and a fellow of the Healthcare Financial Management
Howell said, "We're grateful for Ken Yerington's service, which
has spanned a time of great growth and change in hospital services and
facilities. We couldn't be more pleased to know that in Ann Madden Rice
we have found a person who will build on that foundation of excellence
Rice, a native of Mason City, received a bachelor's degree in industrial
administration from Iowa State University in 1979. She moved to Vermont
in the early 1980s, returning to Ames in 1996 to join the leadership team
at the Mary Greeley Medical Center. Her husband, Tom Rice, received his
doctorate in political science at the UI in 1984 and is a professor of
political science at Iowa State University.
"We're delighted to have Ann join our team," said Robert P.
Kelch, M.D., dean of the UI College of Medicine. "We're confident
she's going to be a tremendous asset, not only to the hospital and the
university, but to the community as well."