John Schmitt
Senior Vice President & Chief Financial Officer
Professional Overview
John Schmitt is an accomplished finance executive with over 35 years of experience in the healthcare industry. As the Senior Vice President and Chief Financial Officer at Kingsbrook Jewish Medical Center in New York, he oversees all financial operations, strategic planning, and business development initiatives for the organization.
Experience Summary
Current Role
Since 2001, John has served as the Senior Vice President and Chief Financial Officer at Kingsbrook Jewish Medical Center. In this role, he is responsible for managing a $500 million annual budget, leading a team of 45 finance professionals, and ensuring the overall financial health and stability of the medical center. Under his leadership, Kingsbrook has achieved consistent year-over-year revenue growth, maintained an A-rated bond status, and implemented innovative cost-saving measures that have improved the organization's operational efficiency.
Career Progression
Prior to his current position, John held the role of Director of Finance at Gracie Square Hospital from 1985 to 2000. In this role, he was instrumental in implementing a new enterprise resource planning (ERP) system, which streamlined financial reporting and improved decision-making capabilities. During his tenure, Gracie Square Hospital saw a 25% increase in net operating income, and John was recognized for his contributions to the organization's financial stability and growth.
Academic Background
John holds a Bachelor of Science in Accounting from the University of Pennsylvania and a Master of Business Administration from New York University's Stern School of Business. He is a Certified Public Accountant (CPA) and has completed advanced coursework in healthcare finance and strategic management.
Areas of Expertise
- Financial management and strategic planning
- Healthcare industry regulations and compliance
- Capital budgeting and investment analysis
- Organizational restructuring and process improvement
- Business development and revenue growth strategies
- Talent management and team leadership
Professional Impact
Throughout his career, John has been recognized for his ability to drive financial performance and implement strategic initiatives that have a direct impact on organizational success. He has served on the board of directors for the Healthcare Financial Management Association (HFMA) and has been a frequent speaker at industry conferences, sharing his insights and best practices with healthcare finance professionals.
Conclusion
With his deep expertise in healthcare finance, strategic leadership, and operational excellence, John Schmitt is a valuable asset to Kingsbrook Jewish Medical Center. His commitment to driving sustainable growth and improving patient outcomes aligns with the organization's mission and vision, making him a respected and influential figure in the industry.
