CFO Rich Scheinblum: Thinking Ahead at Monadnock Community Hospital
With sequestration in effect, many hospitals are losing six or seven figures in Medicare reimbursements. At MCH, sequestration will cost roughly $400,000 per year. However, Mr. Scheinblum and the executive team have prepared for the Medicare cuts for more than two years, and the preemptive planning has helped the hospital stay in the black without having to cut staff."We try to stay abreast of these things. We're already starting the budget for our fiscal year that starts Oct. 1. We'll make adjustments based on what happens," Mr. Scheinblum told the Monadnock Ledger-Transcript in March. "We've tried to be proactive so we don't have to make rash, quick decisions."
In MCH's fiscal year 2011, the hospital recorded roughly $76.7 million in total revenue and profit of $2.7 million for a 3.6 percent operating margin.
Mr. Scheinblum joined MCH in 2000 as controller and director of perioperative services. He has also worked at a children's hospital, an insurance company, a mental health facility and a rehabilitation facility.
If you have more information or updates for this profile or would like to recommend a leader to be profiled in the future, please contact Lindsey Dunn, editor in chief, Becker's Hospital Review at ldunn@beckershealthcare.com.
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