NASSAU HEALTH CARE CORPORATION LAUNCHES NATIONAL SEARCH FOR NEW CHIEF FINANCIAL OFFICER FOR NASSAU UNIVERSITY MEDICAL CENTER AND RELATED FACILITIES
FOR IMMEDIATE RELEASE
MAY 11, 2022
CONTACT: Niki Jones – njones@nikijones.com
(P): 845-856-1266
NASSAU HEALTH CARE CORPORATION
LAUNCHES NATIONAL SEARCH FOR NEW CHIEF FINANCIAL OFFICER
FOR NASSAU UNIVERSITY MEDICAL CENTER AND RELATED FACILITIES
Search will help attract top talent to help address hospital’s financial management
EAST MEADOW, NY – – As part of a comprehensive strategy to reform and strengthen the financial management of Nassau County’s public health facilities, the Nassau Health Care Corporation, parent of Nassau University Medical Center (NUMC), is commencing a national search for a new Chief Financial Officer. The Corporation has been without a CFO since June 2020. A request for proposals will be issued for an executive search firm to help the hospital reach a larger pool of highly qualified candidates for the position.
Once selected, the new CFO will oversee the finances of NHCC which includes NUMC, AHP nursing facility, the infirmaries at Nassau Correctional Center and specialized outpatient clinics. NUMC is Nassau’s only public hospital and Level One Trauma Center equipped with Burn, Stroke and Detox Centers. AHP is the County’s only public skilled nursing facility for rehabilitation, long-term and short-term care.
NUMC Chairman Matthew Bruderman, who has been evaluating the hospital’s financial standards and practices since taking office in April stated, “Ensuring this hospital provides the top-quality care our community deserves means ensuring its financial stability. That starts with strong fiscal management. It was irresponsible to operate this hospital without a CFO for the last two years. The lack of financial controls undoubtedly contributed to fraud, waste and the budget deficit. No major corporation can function well without a CFO. This search will bring the best qualified candidates to us and that will benefit the entire hospital community,” Bruderman continued.
The new CFO will help establish and monitor sound budgets, assist with obtaining available government grants, hone billing and collections procedures and assist with acquisitions or other potential growth initiatives. The CFO will also aid in the establishment of internal accounting protocols to prevent waste, fraud and abuse, as well as help craft and execute strategies to increase revenue.
NUMC CEO Dr. Anthony Boutin welcomed the search stating, “This is an important first step toward sustainability. It was a significant deficit to not have a CFO, particularly during the depths of the pandemic and adding one to our management team will go a long way toward improving the financial health of the hospital.”
Bruderman and Boutin are expected to make more announcements in the coming weeks regarding additional reforms for NUMC to improve operations, facilities and finances. NHCC hopes the search will be concluded and new CFO installed by the early Fall.
ABOUT THE NASSAU HEALTH CARE CORPORATION
Nassau Health Care Corporation (“NHCC”) is a Long Island health care organization delivering essential medical care and lifestyle management to everyone at every stage of life. NHCC is a public benefit corporation managing the operations of Nassau University Medical Center, A. Holly Patterson Extended Care and a network of Family Health Centers that bring primary and specialty care out into the community. By emphasizing wellness and cultural sensitivity NHCC is working to make good care more affordable and easier to access. For more information about NHCC, visit www.numc.edu.