Michael Schimming
Regional Director - Financial Services
Professional Overview
Michael Schimming is a seasoned financial services executive with over 15 years of experience leading high-impact initiatives in the healthcare industry. As the Regional Director of Financial Services at Shriners Hospitals for Children, he oversees the financial operations and strategic planning for multiple hospital locations, contributing to the organization's continued growth and financial stability.
Experience Summary
Current Role
In his current role as Regional Director of Financial Services, Michael is responsible for managing the financial performance, budgeting, and strategic planning for several Shriners Hospitals locations. He has been instrumental in driving cost optimization initiatives, implementing robust financial reporting systems, and enhancing overall operational efficiency across the regional network. Under his leadership, the hospitals have achieved significant improvements in financial metrics, positioning the organization for continued success.
Career Progression
Prior to joining Shriners Hospitals, Michael held senior financial roles at various healthcare organizations, including serving as the Chief Financial Officer (CFO) at Allegiance Health Management, Fishermen's Community Hospital, and North Metro Medical Center. In these positions, he demonstrated his ability to navigate complex financial challenges, improve profitability, and lead organizational transformations. Michael's diverse experience in the healthcare sector has equipped him with a deep understanding of the industry's dynamics and the ability to identify and implement effective financial strategies.
Academic Background
Michael holds a Bachelor of Science in Accounting from Texas A&M University, where he graduated with distinction. He is a Certified Public Accountant (CPA) and has completed advanced training in healthcare finance and strategic management.
Areas of Expertise
- Financial management and reporting
- Cost optimization and resource allocation
- Strategic planning and business development
- Healthcare industry regulations and compliance
- Team leadership and organizational transformation
Professional Impact
Throughout his career, Michael has contributed significantly to the financial success and operational excellence of the healthcare organizations he has served. His achievements include:
- Spearheading a cost-saving initiative that resulted in a 12% reduction in operating expenses at Allegiance Health Management
- Implementing a data-driven budgeting and forecasting system that improved financial decision-making at Fishermen's Community Hospital
- Leading the turnaround of North Metro Medical Center, which saw a 15% increase in revenue and a 20% improvement in profitability under his management
Conclusion
With his extensive experience, financial acumen, and strategic vision, Michael Schimming is a valuable asset to Shriners Hospitals for Children. In his role as Regional Director of Financial Services, he continues to drive operational efficiency, financial stability, and strategic growth, contributing to the organization's mission of providing high-quality healthcare to children in need.
