CLEVELAND, SC – December 26, 2008 – Patrick J. McMahon, CPA, was named the Senior Vice President/Chief Financial Officer of the Sisters of Charity Health System. In his new position, McMahon will be part of the leadership team charting the future of the Sisters of Charity Health System (SCHS) as it continues to play a significant role in the direction and overall operations of its 20 health, human service and philanthropic ministries in Canton and Cleveland, Ohio, and South Carolina.
When he assumes the CFO role on Feb. 2, 2009, McMahon will be responsible for developing strategic financial goals and objectives to monitor and enhance operating performance of SCHS-sponsored hospitals, establish benchmarks and best practices and craft uniform accountability standards and practice. In addition, McMahon will have responsibility over all finance functions, the annual budget and long-range capital budget development, decision support, treasury and investments, managed care, supply chain and information systems.
We are pleased to welcome Patrick McMahon to the Sisters of Charity Health System, said Sr. Judith Ann Karam, CSA, president and CEO. With his background we feel confident that Patrick has the wealth of expertise and experience in heath care necessary to achieve our strategic financial and operational goals moving forward.
McMahon joins SCHS from Southwest General Health Center in Middleburg Heights, where he was vice president for planning, audit and ambulatory operations.
I’m excited to join the organization, said McMahon. I do believe in the mission of the Sisters of Charity Health System and I think my values fit quite nicely with that mission. The organization has done wonderful work in the past and I look forward to helping it do so in the future as it continues to transition to an integrated health care delivery system.
Prior to his role at Southwest General, McMahon led a privately held for-profit corporate consulting practice that provided business, strategic, financial and health care consulting services. For more than 12 years, he was also Senior Vice President and Chief Financial Officer of Akron General Health System, where he directed all financial, audit, accounting, budgeting and treasury operations, including financial strategic planning, patient financial services, information systems, purchasing and materials management for a health system with more than 6,000 employees.
Before joining Akron General, McMahon was a partner with the international accounting firm of Coopers & Lybrand, where he served for 18 years.
A native of Cleveland, McMahon holds an MBA in finance and bachelor’s degree in accounting from Kent State University. He is also a member of the Ohio Society of Certified Public Accountants, the Akron Zoological Park’s Board of Directors, and a member of the Cleveland Catholic Diocese Finance Council.
About the Sisters of Charity Health System
Headquartered in Cleveland, Ohio, the Sisters of Charity Health System was established in 1982 as the parent corporation for the sponsored ministries of the Sisters of Charity of St. Augustine in Ohio and South Carolina. In 1999, Sisters of Charity Health System formed two Ohio not-for-profit corporations with University Hospitals to equally own and operate St. John West Shore Hospital, St. Vincent Charity Hospital, Mercy Medical Center, Cuyahoga Physician Network and West Shore Primary Care. Through this equal ownership, the Sisters of Charity of St. Augustine continue their legacy of high quality, compassionate care that began at the time of the founding of these organizations.
The Sisters of Charity Health System is the sole sponsor of Sisters of Charity Providence Hospitals, a leading cardiovascular center in South Carolina, which includes Providence Hospital/Providence Heart Institute and Providence Hospital Northeast in Columbia, South Carolina. The organization also oversees three grantmaking foundations located in Cleveland and Canton, Ohio, and Columbia, SC.
For more information on the Sisters of Charity Health System or its individual health care and outreach ministries, visit www.sistersofcharityhealth.org