March 24, 2009

BIRMINGHAM, Ala. - John Faulstich has been named Chief Financial Officer of UAB Health System, effective April 2009. In this role, he will oversee the financial affairs for a health system which handled over 400,000 patient visits at its hospitals and outpatient clinics during the 2007-2008 fiscal year.

Faulstich has been a financial health system leader since 1984.  He was senior vice president of finance and CFO the Cleveland-based Sisters of Charity of St. Augustine Health System, Inc. until 2008. The Sisters of Charity of St. Augustine Health System is comprised of twenty diverse ministries, including five wholly owned and joint ventured hospitals in Ohio and South Carolina with a total of over 1,500 beds, foundations, elder care services, and outreach organizations. His duties included high level oversight and governance, strategy, contracting, treasury, and merger and acquisition activities for the system. During his time at St. Augustine, he oversaw the system evolve from a holding company model to more of an operating company model, eventually entering a 50/50 joint operating venture with University Hospitals and Health Systems of Cleveland in 1999. He also developed and implemented a strategy to consolidate and manage information systems function for three hospitals in the St. Augustine system, which generated $5 million in annual savings and improved effectiveness.

Faulstich received his bachelor's and masters degrees in accounting science from the University of Illinois. He was born and raised in Peoria, Illinois. He and his wife Lynne have been married 31 years and have three adult children.

The UAB Health System includes all of UAB's patient care activities, including UAB Hospital, the Callahan Eye Foundation Hospital, UAB Highlands, the Kirklin Clinic, UAB Health Centers, VIVA Health insurance company, and affiliates Medical West and Baptist Health Montgomery.