Baptist Health South Florida has named Matthew Arsenault as its new executive vice president and chief financial officer, the organization announced Tuesday.
He succeeds Ralph Lawson, who has retired after three decades at the largest not-for-profit healthcare organization in South Florida.
Arsenault has been with Baptist Health for 12 years in a variety of roles — most recently as corporate vice president of Finance.
In his new role, Arsenault will be responsible for managing the organization’s finance, supply chain, risk management and mergers-and- acquisition activities. He is also the executive responsible for the relationship with Health Systems Solutions, a new revenue cycle — or payment-management system — joint venture between Baptist Health and Navigant Consulting, Inc.
“I am pleased to see Matt advance to the senior leadership role he has been preparing for through his years of service and the initiatives he has managed,” said Lawson in a statement. Lawson will continue to work with Baptist Health as a consultant.
Baptist Health reported $2.9 billion in reserves in February and has 20 new outpatient facilities planned over the next five years. The medical juggernaut owns nine hospitals across four counties: Monroe, Miami-Dade, Broward, and Palm Beach.