Sister Frances Marie Masching
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Laureates
Past-President
OSF Healthcare System
Sister Frances Marie Masching, O.S.F., was a member of The Sisters of the Third Order of St. Francis from 1948 to her death on June 25, 2000. Sister Frances Marie held many positions of leadership, including serving as the Director of Nursing at OSF Saint Francis Medical Center 1957-1969 and Administrator of OSF Saint James Hospital in Pontiac, IL 1962-1968. Sister became the Director of Formation in 1968 where she served until 1972, at which time she became the Major Superior of the religious congregation.
Sister Frances Marie became executive vice president of OSF in 1982 and served until 1989 at which time she was appointed president of OSF Healthcare System and also served as Chief Executive Officer until 1999. During her tenure as president, Sister oversaw the growth of OSF Healthcare System with annual patient service revenue of $368,049,000 and total assets of $317,360,000 to $1,265 billion and $861,167,000, respectively in 2000. Additionally, the number of employees grew from slightly less than 5,900 in 1988 to more than 10,000 by 2000. Her vision and business acumen afforded the initial idea to transform the hospital-based healthcare system into a fully integrated system.
Sister Frances Marie served as a role model with her commitment to the Misson, “…to serve persons with the greatest care and love in a community that celebrates the gift of life.”