Nonprofit CFO of the Year: Jennifer Parkhurst

Jennifer Parkhurst
CFO
City of Hope

Jennifer Parkhurst is the chief financial officer at City of Hope, one of the world’s foremost cancer treatment hospitals and academic research institutions, where she is responsible for the financial strategy, long-term investment portfolio, treasury, debt portfolio, capital planning, financial planning and analysis, accounting and financial operations, and revenue cycle operations for the enterprise. An accomplished, mission-driven and strategic health care executive, Parkhurst has over 30 years of experience across the health care ecosystem. Her sound financial stewardship has helped the organization not only weather the COVID-19 crisis, but thrive in order to benefit patients. While other health care organizations saw an (expected) dip in revenue during the coronavirus pandemic, City of Hope remained on track. During her time as CFO in the last three years from 2018 to 2020, City of Hope grew total clinical, research and contribution revenues by 25%, and increased total cash and assets by over 30%.

Among Parkhurst’s outstanding accomplishments throughout her tenure at City of Hope, she mobilized an approximately $1 billion expansion of the cancer center in L.A. County, serving as the hub for care across the region and acquired and expanded numerous community practice sites to further provide City of Hope’s specialized care to patients who need it. She also mobilized the $1 billion investment of a bold new strategy to establish a cancer campus in Orange County focused on patient care, research and wellness and facilitated numerous investments in innovation and leading patient care in precision medicine, development of new medicines and diagnostics, and clinical trials.

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