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Altru Health System Selects New CFO

Posted OnNovember 19, 2020

Grand Forks, N.D. – Altru Health System announced today that Doug Arvin, MBA, CPA, has been selected as the system’s new Chief Financial Officer, effective December 8. Arvin will take over from Craig Faerber, who has been serving as Interim CFO since February.

Arvin brings more than 20 years of financial leadership experience in the healthcare industry, most recently serving as Senior Vice President and Divisional Financial Leader at Wellstar Health System in Marietta, Ga. In this role, he was responsible for providing financial leadership, oversight, and direction for the health system, with annual revenues of $3.6 billion in system-wide operations. He also led the successful integration of six new hospital sites during his four years in the position. Prior to joining Wellstar, Arvin served as Vice President of System Strategy and Financial Operations at UC Health System in Cincinnati and Facility Chief Financial Officer (Southeast Houston and Pearland Market) at Memorial Hermann Healthcare System in Houston.

“As we continue to focus on financial performance and the steady growth of our operations, I am confident that Doug has the experience, leadership skills, and record of success that will help us achieve our ambitious goals for Altru,” said Dave Molmen, CEO of Altru Health System. “We’re excited to welcome Doug to the team and value the knowledge and expertise he will provide as we continue to ensure a strong financial future for our health system.”

Arvin received his Bachelor of Business Administration, Healthcare Administration, from the University of Evansville, and a Master of Business Administration, Accounting from the University of Houston. In 2012 he was named Chief Financial Officer of the Year by Cincinnati Business Courier.

“I’m proud to be joining an organization with such a deep legacy of providing high-quality, compassionate care to its communities,” said Arvin. “I look forward to working with the team to continue to position Altru for long-term success.”

About Altru Health System

Based in Grand Forks, North Dakota, Altru Health System is a physician-led, multispecialty group practice with an acute care hospital, Level II trauma center, specialty hospital, more than two dozen Grand Forks, and regional practice locations, and a large home care network. Altru Health System was the first member of the Mayo Clinic Care Network, extending Mayo Clinic knowledge and expertise to the patients we serve. For more information, visit