CFO Michael Scherneck: Financial Know-How at Southeast Georgia Health System

Michael Scherneck is executive vice president and CFO of Brunswick, Ga.-based Southeast Georgia Health System, a two-hospital public system with a portfolio of specialty and urgent care centers and physician clinics scattered throughout the region.

Michael Scherneck is CFO of Southeast Georgia Health System.Moody's Investors Services affirmed its "A2" rating on SGHS's bonds worth $166.6 million in March. SGHS has an 86 percent market share in Glynn County and has improved its operating cash flow over the past two years, closing the first nine months of its 2012 fiscal year with a 7.8 percent margin.

Before joining SGHS as CFO in 2003, Mr. Scherneck held CFO positions at Wyoming Valley Health Care System in Wilkes-Barre, Pa., Susquehanna Health System in Williamsport, Pa., and Williamsport (Pa.) Hospital.

He holds a bachelor's degree from St. Joseph's University and a master's degree from Bucknell University.

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