South Nassau Communities Hospital CFO Named a LIBN CFO of the Year
This is the second consecutive year that Mark Bogen has received the award.
Oceanside, NY, October 31, 2015 --(PR.com)-- For the second consecutive year, The Long Island Business News (LIBN) has named Mark Bogen a recipient of its CFO of the Year Award. Mr. Bogen, chief financial officer and senior vice president of finance at South Nassau Communities Hospital, is a recipient of the award in the category for “not-for-profit” organizations.
The LIBN CFO of the Year program recognizes Long Island’s top financial officers for their fiscal leadership and asset management, contributions to their company’s performance, their contribution and commitment to their profession and organizations as well as their involvement in the community. In addition to not-for-profit organizations, includes categories for emerging companies, private companies with revenue below $50 million and private companies with revenue below $50 million, public companies with revenue below $50 million and public companies with revenue above $50 million.
“South Nassau remains firmly positioned to tackle the financial and economic uncertainty in the healthcare industry as a result of Mark’s financial acumen,” said Richard J. Murphy, president and CEO at South Nassau. “He is a fine leader who understands that a steady, courageous hand is essential to using the challenges of today as the catalysts for long-term growth and the innovations of tomorrow.”
Under Mr. Bogen’s guidance, South Nassau‘s Fitch bond rating has been upgraded from BBB+ to A-. In addition, without investment income the operating profit for 2014 was approximately $4.1 million, $3.0 million above budget and $2.0 million better than in 2013. Furthermore, the projected total operating gain for 2014 was $8.0 million, $1.8 million above the 2014 operating budget. Total operating revenue in 2014 (Dec. 31 fiscal year end) was $431.1 million.
The financial stability South Nassau maintains under Mr. Bogen’s leadership, has positioned it to capitalize on opportunities to expand regionally and continue to renovate and add new services to its main campus in Oceanside. In August, South Nassau opened the Emergency Department in Long Beach and is conducting an intensive assessment to determine what additional medical services are needed on the barrier island.
As senior vice president and CFO, Mr. Bogen is responsible for the overall financial management of South Nassau and manages the Hospital’s financial reporting and related internal controls. He also directs the organization’s financial planning related to growth, financing and associated issues and coordinates all relationships with auditors, third-party reimbursement agents, managed care companies, investment bankers and the Dormitory Authority of the State of New York (DASNY).
Mr. Bogen has more than 35 years of experience in healthcare financial operations. Prior to joining South Nassau, he was a Director at a nationally recognized healthcare financial consulting firm, Besler Consulting, where he managed the startup of the company’s New York operations. In 1997, Mr. Bogen founded The Bogen Consulting Group, Inc., and merged it with Besler in 2004. Before venturing into the consulting business, Mr. Bogen served as chief financial officer at Preferred Health Network, Inc., a $400 million, four-hospital, 1,200-bed hospital network. Mr. Bogen’s background also includes 10 years of CPA firm experience, eight with Pannell Kerr Forster and two as an executive at Deloitte & Touche, performing audit, tax and consulting services.
A graduate of the State University of New York at Buffalo with a Bachelor of Science in Management, Mr. Bogen is active in numerous public accounting and healthcare financial management associations. His professional memberships include the New York State Society of Certified Public Accountants; the American Institute of Certified Public Accountants; the Healthcare Financial Management Association and the Healthcare Compliance Association.
The LIBN CFO of the Year program recognizes Long Island’s top financial officers for their fiscal leadership and asset management, contributions to their company’s performance, their contribution and commitment to their profession and organizations as well as their involvement in the community. In addition to not-for-profit organizations, includes categories for emerging companies, private companies with revenue below $50 million and private companies with revenue below $50 million, public companies with revenue below $50 million and public companies with revenue above $50 million.
“South Nassau remains firmly positioned to tackle the financial and economic uncertainty in the healthcare industry as a result of Mark’s financial acumen,” said Richard J. Murphy, president and CEO at South Nassau. “He is a fine leader who understands that a steady, courageous hand is essential to using the challenges of today as the catalysts for long-term growth and the innovations of tomorrow.”
Under Mr. Bogen’s guidance, South Nassau‘s Fitch bond rating has been upgraded from BBB+ to A-. In addition, without investment income the operating profit for 2014 was approximately $4.1 million, $3.0 million above budget and $2.0 million better than in 2013. Furthermore, the projected total operating gain for 2014 was $8.0 million, $1.8 million above the 2014 operating budget. Total operating revenue in 2014 (Dec. 31 fiscal year end) was $431.1 million.
The financial stability South Nassau maintains under Mr. Bogen’s leadership, has positioned it to capitalize on opportunities to expand regionally and continue to renovate and add new services to its main campus in Oceanside. In August, South Nassau opened the Emergency Department in Long Beach and is conducting an intensive assessment to determine what additional medical services are needed on the barrier island.
As senior vice president and CFO, Mr. Bogen is responsible for the overall financial management of South Nassau and manages the Hospital’s financial reporting and related internal controls. He also directs the organization’s financial planning related to growth, financing and associated issues and coordinates all relationships with auditors, third-party reimbursement agents, managed care companies, investment bankers and the Dormitory Authority of the State of New York (DASNY).
Mr. Bogen has more than 35 years of experience in healthcare financial operations. Prior to joining South Nassau, he was a Director at a nationally recognized healthcare financial consulting firm, Besler Consulting, where he managed the startup of the company’s New York operations. In 1997, Mr. Bogen founded The Bogen Consulting Group, Inc., and merged it with Besler in 2004. Before venturing into the consulting business, Mr. Bogen served as chief financial officer at Preferred Health Network, Inc., a $400 million, four-hospital, 1,200-bed hospital network. Mr. Bogen’s background also includes 10 years of CPA firm experience, eight with Pannell Kerr Forster and two as an executive at Deloitte & Touche, performing audit, tax and consulting services.
A graduate of the State University of New York at Buffalo with a Bachelor of Science in Management, Mr. Bogen is active in numerous public accounting and healthcare financial management associations. His professional memberships include the New York State Society of Certified Public Accountants; the American Institute of Certified Public Accountants; the Healthcare Financial Management Association and the Healthcare Compliance Association.
Contact
South Nassau Communities Hospital
Damian J. Becker
516-377-5370
southnassau.org
Damian J. Becker
516-377-5370
southnassau.org
Contact
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