OAKLAND, Calif. — Kathy Lancaster, Kaiser Permanente’s executive vice president and chief financial officer, has been named to Modern Healthcare’s “Women to Watch” list. This is the first time the list has been published. Starting this year, it will appear annually with the publication’s existing “Top Women in Healthcare” feature.
Lancaster has held the role of CFO of the nation’s largest integrated health system since 2005, and in that time has seen annual operating revenues climb to $65 billion, and seen membership grow to more than 11 million people.
"Kathy exemplifies the new generation of CFOs who understand the strategic use and operational discipline of finance to achieve an organization's current and future objectives," said Kaiser Permanente Chairman and CEO Bernard J. Tyson. "She is a fierce and passionate advocate for putting our members first, and I'm pleased her leadership and contributions are being recognized."
Lancaster leads a staff of nearly 25,000 and oversees the Kaiser Permanente controller’s office, treasury, capital planning, and enterprise shared services, including national facilities services and pharmacy operations. She joined Kaiser Permanente in 1998 as director of finance and later held the role of vice president, strategic planning and analysis before being elevated to the CFO role 12 years ago.
She is a 35-year veteran of the health care industry. Before coming to Kaiser Permanente, she held a number of senior leadership roles in underwriting and network management for Prudential Insurance Company’s western region. She also spearheaded the company’s health maintenance organization in Northern California, leading the region’s successful financial turnaround.
Lancaster is the second Kaiser Permanente executive to be named to Modern Healthcare’s list of women leaders in the industry. In 2015, Donna Lynne, former executive vice president of Kaiser Foundation Health Plan, Inc. and Hospitals and president of Kaiser Permanente Colorado, was named among the top women in health care. Lynne is now lieutenant governor of Colorado.
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America’s leading health care providers and not-for-profit health plans. Founded in 1945, Kaiser Permanente has a mission to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve more than 11.3 million members in eight states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal physicians, specialists and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education and the support of community health.