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Jefferson Names John P. Mordach New Chief Financial Officer of Jefferson Health and Thomas Jefferson University

PHILADELPHIA (February 8, 2023) — Jefferson’s CEO Joseph G. Cacchione, MD is pleased to announce that John P. Mordach has been named Executive Vice President and Chief Financial Officer of Jefferson, which consists of Thomas Jefferson University, Jefferson Health and Health Partners Plans. Effective March 20, 2023, Mordach will join the organization from Duke University Health System (DUHS) where he served as Senior Vice President, CFO and Treasurer for the $4.5 billion academic health system since 2020.

During his time at DUHS, and while navigating the pandemic, Mordach began the transition of the finance function into a data-savvy and tech-enabled team to provide more actionable reports for managers throughout the system and worked with the team to develop a more diverse and inclusive culture. He was responsible for leading, communicating and evaluating all elements of the DUHS short-term financial activities while working with the executive leadership team to develop a strategic long-term financial plan.

“John brings a depth of experience and knowledge of health systems, universities, large practice plans, physicians groups and health plans. He’s well-versed in leading change and his approach is rooted in operational rigor,” said Dr. Joseph G. Cacchione, CEO of Jefferson. “John is the ideal finance leader for this complex period in Jefferson’s history.”

Prior to DUHS, Mordach spent nearly a decade with Rush University System for Health & Rush University Medical Center in Chicago. While there, he helped lead the organization through significant growth while strengthening its financial performance. During his time as CFO, Rush received six ratings upgrades and six positive outlook upgrades. Mordach has also held significant leadership roles at Loyola University Health System (now Trinity Health), Edward Health Services, the University of Chicago Hospitals and Health System, and Tufts New England Medical Center.

He has twice been named one of the top 150 Hospital and Health System CFOs in Becker’s Hospital Review. In 2015, he was named CFO of the Year by the Chicago Chapter of the Financial Executives International Organization.

“I’m honored to join the Jefferson leadership team and look forward to continuing to build upon the strong financial foundation that has been established. Jefferson has an incredible reputation and has built a tremendous network,” said Mordach. “The recent acquisition of Health Partners Plans further reinforces the commitment to population health. I look forward to helping the organization achieve its mission to improve lives while also being the best employer.”

Some recent key accomplishments at DUHS include:

  • Led an effort with the Board, executive team, and finance leaders to develop and maintain a 10-year long-term financial plan.
  • Restructured the Supply Chain executive team and negotiated the Health System’s first Group Purchasing Organization (GPO) agreement.  In the first 15 months since incorporation of these changes the DUHS has realized approximately $60 million in supply chain savings.
  • Began the development of the finance team of the future at DUHS.  The core elements of this are diversity and inclusion, improving customer service, advanced analytics, accelerating adoption of technology and further development of the long-term financial plan.
  • Directly participated in ongoing efforts to innovate care delivery and accelerate efforts for direct strategic investments in start-up and disruptive healthcare technology companies.
  • Led efforts to optimize the System’s 5-year capital plan. As a result, reduced the capital plan by over $200 million as well as identify and accelerate strategic and accretive projects.