LOS ANGELES — Diane Stanton began work Monday as executive director of the California Health Facilities Financing Authority, a conduit issuer for the state's non-profit hospitals.
"Diane is a proven leader with a deep knowledge of health care issues and a passion for helping the underserved, and families in crisis," California Treasurer John Chiang said. "I am happy to welcome her to my office, and I am confident she will help us improve health care in California communities."
CHFFA, a conduit issuer that falls under the treasurer's office, helps finance the construction and renovation of health care facilities, the purchase of equipment and technology improvements through loans, grants and tax-exempt bonds. It does this partly by acting as a conduit issuer on bond sales.
CHFFA also administers more than $1.7 billion in voter-approved bonds for California's children's hospitals, as well as $142 million in grant funds supporting capital improvements and start-up costs for mental health crisis programs.
It also provides financial assistance to nonprofit and public health facilities - from large, urban hospitals to small, rural clinics - for the purposes of broadening health access to the underserved, improving quality of care, and promoting more cost-efficient health care delivery, according to the treasurer's office.
Stanton most recently worked at California's Health Benefit Exchange, or Covered California. At the Exchange, she was deputy director of the External Affairs Division before moving to the Outreach and Sales Division, where she worked with certified agents, health care providers, and community-based organizations to ensure renewal and enrollment goals were met.
Prior to joining Covered California, Stanton was director of legislation for then-State Treasurer Bill Lockyer, a position she held for six years. In this position, Stanton shepherded the office's state and federal legislation, including that involving California's part in the Troubled Asset Relief Program, as well as the American Recovery and Reinvestment Act of 2009.
Stanton worked in the communications office at the California Department of Justice before she took the position working for Lockyer. Since 2005, Stanton has been a mentor with Wonder, Inc., a nonprofit that matches children in foster care with caring adults. She has degrees in political science and economics from Oregon State University.
