Published: Saturday, December 27, 2014 at 10:40 p.m. Last Modified: Saturday, December 27, 2014 at 10:40 p.m. Facts David C. Verinder

Age: 47 Position: CEO, Sarasota Memorial Hospital Education: MBA, Auburn University, Bachelor's in Accounting, Louisiana State University Hometown: Dallas, Texas Family: Wife Monica, daughters Hayden and Haley

The health care industry is undergoing a tectonic shift, as the federal government and insurance companies recalibrate paying for health care under the Affordable Care Act.

In the last two months, the hospital has renegotiated large insurance contracts with United Healthcare and Staywell Wellcare after breaking a management agreement with Baycare, a nonprofit health system based in Clearwater.

And as a public "safety net" hospital, Sarasota Memorial bears the largest responsibility for treating uninsured residents in Sarasota.

Florida lawmakers, meanwhile, continue to refuse federal money to expand Medicaid coverage to nearly one million low-income Floridians, leaving hospitals such as Sarasota Memorial responsible for millions of dollars in uncollected debt each year.

But if his eight years at the nonprofit public hospital are any sign, Verinder is up to the task. He led the push to develop Sarasota Memorial's new $250 million Courtyard Tower.

"The Courtyard Tower was probably what got him the job as CEO," said Dr. James Fiorica, who, as the hospital chief of staff, represents the interests of the hospital's 800 medical staff members.

"He made the tower fit physician needs and came in on budget. That's what physicians look for in a leader: someone who can deliver what he promises and keep things stable for the staff," added Fiorica, a practicing gynecologic oncologist.

Financial credibility

See more here:

Hospital's new CEO takes job at tumultuous time