CFO Joel Perlman: Building a Balanced Portfolio

Montefiore Medical Center, based in the Bronx, N.Y., runs on slim operating margins, but CFO Joel Perlman has helped the organization thrive due to smart investments.

Montefiore has a particularly high reliance on government payors — 40 percent Medicare and 40 percent Medicaid. Because Montefiore stays "practical" about their margin potential, Mr. Perlman said they are still able to be a successful health system.

Mr. Perlman, a certified public accountant and former CFO of St. Francis Medical Center in Trenton, N.J., has served as Montefiore's CFO for the past 20-plus years. With roughly $3 billion in revenue and four hospitals scattered through a challenging New York City environment, he said there are a few different strategies that have helped Montefiore stay vibrant in spite of the razor-thin profit margin.

Some of those strategies include developing a highly integrated care delivery system, making smart investments in programs and specialties that will increase admissions and market share and moving toward the mass employment of physicians.

More Articles on Hospital CFO Profiles:

CFO Kerri Ruppert Schiller: Changing the Financial Tides of CHOC Children's

CFO John Faulstich: Approaching 30 Years of Financial Health System Leadership

CFO Mark Bogen: South Nassau's Financial Mainstay

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