Ted Sirotta – Forging Future of Financial Strength
When he was growing up, Ted Sirotta was a numbers kid through and through. Even before he went to college and graduated with an Accounting degree from USC, he had a knack for numbers. Over the past nearly seven years, he has been putting his skills to work as the Senior Vice President-Chief Financial Officer of Henry Mayo Newhall Hospital, helping lead the hospital through and out of the extremely financially challenging period of COVID. His most recent prior position was Senior Vice President-Chief Financial Officer of Vail Health.
In any given week, Ted puts in 60-70 hours at the hospital, often working 6-day weeks overseeing all financial operations of Henry Mayo and related entities, and serving as a key member of the Executive Leadership Team. His job entails much more than simply sitting behind a desk and crunching numbers, though; he works intimately with all departments in the hospital, and his day-to-day tasks extend far beyond the corners of his office. As an independent, not-for-profit hospital governed by a volunteer Board of Directors, several local community and business leaders serve on Henry Mayo’s finance and audit committees which Ted also facilitates.
Since he joined the Henry Mayo team in 2017, Ted has forged significant relationships with the more than 2,000 employees and many of the 500+ medical staff members. When he thinks about highlights and significant achievements throughout the course of his time as CFO, he associates these moments mainly with the camaraderie he’s established with people who are the front line of patient care and related services.
“The physicians and clinical staff are top-notch, and have a significant passion for serving our community,” says Ted.
Indeed, throughout the most challenging of times during his tenure at CFO, Ted has developed the utmost respect for those that he works with on a daily basis.
“I encourage the Santa Clarita community to really get to know Henry Mayo and to learn about the services – oftentimes cutting-edge – that are available to them right here in their own community,” he says. “It’s extremely impressive for a stand-alone hospital.
When he’s not at Henry Mayo, Ted spends time with his wife Monika, and their daughter Alexis who lives with them in their Valencia home. Over the years, both his wife and daughter have been very supportive of Ted’s career and understanding of the high demands of his position.
“Leading the hospital to success is what gets me out of bed every morning,” he shares. “I feel a great personal responsibility to ensure that the hospital is financially successful. There are a lot of employees who rely on the hospital not just to support themselves, but their families, too, so as a business we must be financially viable. And, as we plan for future growth in patient care programs, a strong balance sheet is critical.”
In addition to learning about what services the hospital offers, Ted encourages SCV residents to take time to acknowledge the hard work put in by the staff at Henry Mayo. Too often, he notes, establishments like the hospital are taken for granted, until disasters strike and the community turns to it for support and guidance in times of need.
“It’s a very challenging job, but I’m glad to be doing what I do, and the work that the clinicians and hospital staff put in is incredible,” Ted says. “I wouldn’t have it any other way.”
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