Robert Palermo, CPA
Executive Vice President & Chief Financial Officer
Professional Overview
Robert Palermo is an accomplished finance executive with over 30 years of experience in the healthcare industry. As the Executive Vice President and Chief Financial Officer at Maimonides Health, he is responsible for overseeing the organization's financial operations, driving strategic initiatives, and optimizing performance to support the delivery of high-quality patient care.
Experience Summary
Current Role
In his current role at Maimonides Health, Robert is responsible for managing the organization's $1.2 billion annual budget and overseeing a team of 50 finance professionals. He has played a pivotal role in streamlining financial processes, implementing robust risk management strategies, and securing funding to support the organization's growth and expansion efforts.
Under Robert's leadership, Maimonides Health has achieved significant financial milestones, including a 12% increase in operating margins and a 15% reduction in administrative costs. Additionally, he has been instrumental in securing $50 million in grant funding to support the development of new clinical programs and infrastructure improvements.
Career Progression
Prior to joining Maimonides Health, Robert served as the Chief Financial Officer at One Brooklyn Health System, where he led the successful integration of three hospitals and improved the organization's financial performance by 20% over a four-year period. Before that, he held senior finance roles at Hackensack Meridian Health and Meridian Health, where he gained extensive experience in financial planning, operational optimization, and strategic decision-making.
Earlier in his career, Robert worked as a Senior Manager at EY, where he provided financial advisory services to clients in the healthcare sector, developing expertise in areas such as financial reporting, tax planning, and regulatory compliance.
Academic Background
Robert holds a Bachelor of Science in Accounting from Rutgers University and is a Certified Public Accountant (CPA). He is also a member of the American Institute of CPAs (AICPA) and the Healthcare Financial Management Association (HFMA).
Areas of Expertise
- Financial management and strategic planning
- Operational optimization and cost reduction
- Revenue cycle management and reimbursement strategies
- Mergers, acquisitions, and integration
- Risk management and compliance
- Organizational transformation and change management
Professional Impact
Throughout his career, Robert has been recognized for his exceptional leadership and contributions to the healthcare industry. He has served on the board of directors for several industry organizations and has been a frequent speaker at industry conferences, sharing his insights on topics such as value-based care, financial sustainability, and the role of technology in healthcare finance.
Conclusion
With his deep industry knowledge, financial acumen, and strategic vision, Robert Palermo is a respected leader in the healthcare finance community. As the Executive Vice President and Chief Financial Officer at Maimonides Health, he is committed to driving the organization's financial and operational excellence, supporting its mission to provide exceptional patient care and improving the overall well-being of the communities it serves.
