Frances Spreer Albert Takes Charge as CFO of Westchester Medical Center Health Network

Frances Spreer Albert Appointed as Executive Vice President and CFO of WMCHealth

On August 17, 2026, Westchester Medical Center Health Network (WMCHealth) announced the appointment of Frances Spreer Albert as its new Executive Vice President and Chief Financial Officer (CFO). This move comes as part of WMCHealth's ongoing commitment to enhancing its financial strategy and operational performance, ensuring the delivery of high-quality healthcare services to the Hudson Valley community.

Frances Spreer Albert brings extensive experience in managing financial operations within healthcare systems. Prior to joining WMCHealth, she held key roles at Albany Med Health System, where she served as both CFO and COO. During her tenure at Albany Med, Albert showcased her ability to drive financial recovery and strengthen liquidity, particularly during challenging times such as the COVID-19 pandemic. Notable achievements include leading a $400 million public debt transaction and substantially improving the organization’s cash-to-total-debt ratio from 26% to an impressive 180%.

David Lubarsky, MD, MBA, FASA, President and CEO of WMCHealth, expressed confidence in Albert’s capabilities: "Patients across the Hudson Valley are counting on WMCHealth to invest wisely in the care they need today and the services they will need tomorrow." This statement underscores the critical nature of Albert’s role in ensuring sustainable growth and supporting the network's long-term mission.

Albert's extensive experience in the financial sector began with her 12 years at KPMG, where she started as a Staff Accountant and advanced to Senior Manager, delivering consulting services across various industries, including healthcare. This foundation in accounting laid the groundwork for her successful career trajectory, characterized by notable accolades, such as being named CFO of the Year by the Albany Business Review in 2018.

As WMCHealth’s new CFO, Frances Spreer Albert will lead initiatives aimed at identifying and optimizing financial opportunities within the network. Her focus will encompass enhancing operational efficiency and ensuring strategic investments that align with WMCHealth’s commitment to excellence in patient care. The seamless transition follows the retirement of interim CFO Michael Burke, who played a significant role in stabilizing WMCHealth’s financial standing during his tenure.

WMCHealth stands as the only academic medical center-led health network in the Hudson Valley, serving nearly 2.5 million residents across a substantial geographical area. The organization consists of multiple hospitals and ambulatory care sites, employing nearly 13,500 staff and 3,000 attending physicians. With services that include the region’s only Level 1 adult and pediatric trauma center, WMCHealth is dedicated to delivering comprehensive healthcare solutions to meet the diverse needs of the population.

In summarizing her vision for WMCHealth, Albert emphasized the importance of financial stewardship and community trust. She is poised to lead the organization into a new phase of growth while maintaining its focus on patient care, ultimately striving to advance the health of those it serves in the Hudson Valley region.

In this pivotal role, Frances Spreer Albert is expected to be instrumental in shaping the economic landscape of WMCHealth and ensuring that financial strategies align with the overarching goals of the health network. As the healthcare sector continues to evolve, Albert’s experienced leadership will undoubtedly play a significant role in WMCHealth's ability to address future challenges and opportunities for growth.