Published on July 16, 2020

Joe Malas, CPA

Vice President, Finance, and Chief Financial Officer, Genesis Health System

Areas of Responsibility:  All financial matters for the health system, including but not limited to, oversight of finance, accounting, insurance, cash and debt management, payroll, revenue cycle management, payor contracting, financial regulatory compliance, internal audit, business analysis and reimbursement and budgeting. Responsible for the development, interpretation, coordination and administration of the organization's policies on finance, accounting, internal controls, financial planning, treasury functions and auditing.

Bio:  Malas joined Genesis In July 2020 after 18 years with Downers Grove-based Advocate Health Care, the largest health system in Illinois. There, he served as Controller/Director/Executive Director of Financial Services for Advocate Sherman Hospital, Elgin, Ill. His other positions within Advocate included: Vice President Finance and Integration, Advocate Children’s Hospital, Oak Brook, Ill. Executive Finance Director, Shared Revenue Cycle Organization; Controller/Director Financial Services, Advocate Good Samaritan Hospital, Downers Grove, Ill.; and Manager Financial Services, Advocate Good Samaritan Hospital, Downers Grove, Ill. He began his career in health care as an Accountant II at Advocate’s corporate headquarters, after working in the marketing and transportation industries.

Malas served as Chairman of the Board, Vice Chair/Treasurer and Treasurer of the Board of Directors of the Downers Grove Chamber of Commerce. He also serves as Chairman of the Finance Committee for St. Laurence Catholic Church in Elgin, Ill.

Malas graduated from Indiana University in Bloomington, Ind., with Bachelor of Science degrees in Accounting and Operations Management. He also holds a master’s degree in Business Administration, with a concentration in Finance, from Roosevelt University in Chicago.

Malas and his wife, Margaret, have two sons, ages 6 and 10.

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