Marshall Chief Financial Officer Laurie Eldridge was among the 12 local
CFOs honored at the Sacramento Business Journal’s Annual CFO Awards
banquet earlier this month. Eldridge won in theMedium Company/Healthcare category.
An El Dorado County resident since 1980, Eldridge replaced current Marshall
CEO James Whipple as CFO in 2003. She joined Marshall in 1990 and has
held a number of positions during her tenure, including senior accountant
and controller. When Whipple pursued the chief executive role, he asked
Eldridge what her thoughts were about becoming Marshall’s top financial official.
“I thought he was crazy,” said Eldridge, a 1989 graduate of
UC Davis and member of the Healthcare Financial Management Association
(HFMA). “I thought to myself — why would I want to do this?
I have a young son at home and a family to balance with my work life?
He subtly kept presenting things for me to think about and secretly mentoring
me until I finally realized ‘hey, maybe I could actually do this
In the Business Journal’s 2016 Book of Lists (based on data from
Fiscal Year 2014-15) Marshall ranked No. 7 in revenue among all private
companies in the Sacramento region. The independent, nonprofit healthcare
provider collected $969.5 million in revenue during 2014-15.
Marshall’s solid foundation exists in a decidedly unstable time for
its peers. In 2009, the California Hospital Association (CHA) reported
69 independent acute care hospitals in the state. Six years later, the
number had fallen to around 40.
The healthcare provider is El Dorado County third-largest employer (behind
Red Hawk Casino and Blue Shield of California), according to the Business Journal.
Despite reduced government payments, Marshall maintains a financially conservative
– but upwardly mobile – approach. Roughly 80 percent of Marshall’s
patients are Medicare or Medi-Cal beneficiaries, according to the provider’s
most recent annual report.
In November of last year, Marshall Hospital opened a state-of-the-art ICU,
increasing facility’s bed count from 113 to 125. Expansion in 2017
has included a new orthopedics/sports medicine clinic in El Dorado Hills
and the addition of 11 full-time practitioners to Marshall clinics.
Marshall Medical Center is an independent, nonprofit community healthcare
provider located in the heart of the Sierra Foothills. Marshall Medical
Center includes Marshall Hospital, a fully accredited acute care facility
with 125 beds in Placerville; several outpatient facilities in Cameron
Park, El Dorado Hills and Georgetown; and many community health and education
programs. Marshall has more than 200 physicians and 1,500 employees providing
quality healthcare services to more than 180,000 residents of El Dorado County.