Patrick J. McMahon Named Senior Vice President/CFO of Sisters of Charity Hea...( CLEVELAND Dec. 26 - P...),Health

CLEVELAND, Dec. 26 /PRNewswire-USNewswire/ - 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."