As a result of Mr. Bogen’s financial acumen, South Nassau‘s Fitch bond rating was recently upgraded from BBB+ to A-. In addition, without investment income the operating profit for 2013 was approximately $5.7 million.

1. For Immediate Release January 23, 2015
Contact: Damian Becker,
Manager of Media Relations
(516) 377-5370
SNCH Finance Officer Named a
Long Island Business News CFO of the Year
Oceanside, NY — The Long Island Business News (LIBN) recently named Mark Bogen, chief financial
officer and senior vice president of finance at South Nassau Communities Hospital, a recipient of its 2014 CFO
of the Year Award. Mr. Bogen is a recipient of the award in the category for “not-for-profit” organizations.
The LIBN CFO of the Year program recognizes Long Island’s top financial officers for their
outstanding fiscal leadership and asset management, contributions to their company’s performance, their
contribution and commitment to their profession and organizations as well as their involvement in the
community. In addition to not-for-profit organizations, includes categories for emerging companies, private
companies with revenue below $50 million and private companies with revenue below $50 million, public
companies with revenue below $50 million and public companies with revenue above $50 million
As a result of Mr. Bogen’s financial acumen, South Nassau remains uniquely positioned to manage the
ongoing financial and economic uncertainty in the healthcare industry. Under his guidance, South Nassau‘s
Fitch bond rating was recently upgraded from BBB+ to A-. In addition, without investment income the
operating profit for 2013 was approximately $5.7 million, $2.7 million above budget and $9.8 million better
than in 2012. Furthermore, the projected total operating gain for 2013 was $13.4 million, $4.7 million above
the 2013 operating budget and $9.4 million higher than 2012. Total operating revenue in 2012 (Dec. 31 fiscal
year end) was $392.6 million.
The financial stability South Nassau maintains under Mr. Bogen’s leadership, has positioned it to
capitalize on opportunities to expand regionally to begin the process of restoring needed healthcare services in
Long Beach, NY, and continue to renovate and add new services to its main campus in Oceanside.
On Thursday, October 16th
, 2014, South Nassau Communities Hospital closed on an asset purchase
agreement (APA) to acquire substantially all of the assets of Long Beach Medical Center (LBMC), which had
been severely damaged by the effects of Super Storm Sandy and had remained shuttered since October 2012.
Under the Asset Purchase Agreement (“APA”) approved by the US Bankruptcy Court in May, 2014, South
Nassau agreed to a purchase price of approximately $11.8 million for the LBMC assets, including 5.5 acres of
property, buildings and equipment. The closing signifies major progress in South Nassau’s effort to fulfill its
mission to meet the need for patient-centered healthcare services in Long Beach and surrounding South Shore
communities. A key service that South Nassau will pursue is an off-campus hospital-based emergency services
News From:

2. medical center in Long Beach. This past spring and summer, the South Nassau Urgent Care Center at Long
Beach and the nearby Family Medicine opened, providing hospital-grade medical care to the community.
As a continuation of its ongoing expansion and renovation program to modernize its main campus,
South Nassau is on the verge of completing a major rebuilding and renovation project of its F-1 and F-2 Units.
The $18.6 million project will result in a new state-of-the-art, 23-bed Medical/Surgical Unit and a 20-bed
Transitional Care Unit.
As senior vice president and CFO, Mr. Bogen is responsible for the overall financial
management of South Nassau and manages the Hospital’s financial reporting and related internal controls. He
also directs the organization’s financial planning related to growth, financing and associated issues and
coordinates all relationships with auditors, third-party reimbursement agents, managed care companies,
investment bankers and the Dormitory Authority of the State of New York (DASNY).
Mr. Bogen has more than 35 years of experience in healthcare financial operations. Prior to joining
South Nassau, he was a Director at a nationally recognized healthcare financial consulting firm, Besler
Consulting, where he managed the startup of the company’s New York operations. In 1997, Mr. Bogen
founded The Bogen Consulting Group, Inc., and merged it with Besler in 2004. Before venturing into the
consulting business, Mr. Bogen served as chief financial officer at Preferred Health Network, Inc., a $400
million, four-hospital, 1,200-bed hospital network. Mr. Bogen’s background also includes 10 years of CPA
firm experience, eight with Pannell Kerr Forster and two as an executive at Deloitte & Touche, performing
audit, tax and consulting services.
Mr. Bogen is a graduate of the State University of New York at Buffalo with a Bachelor of Science in
Management, Mr. Bogen is active in numerous public accounting and healthcare financial management
associations. His professional memberships include the New York State Society of Certified Public
Accountants; the American Institute of Certified Public Accountants; the Healthcare Financial Management
Association and the Healthcare Compliance Association.
Designated a Magnet® hospital by the American Nurses Credentialing Center (ANCC), South Nassau®
Communities Hospital is one of the region’s largest hospitals, with 435 beds, more than 900 physicians and
3,000 employees. Located in Oceanside, NY, the hospital is an acute-care, not-for-profit teaching hospital that
provides state-of-the-art care in cardiac, oncologic, orthopedic, bariatric, pain management, mental health and
emergency services. In addition to its extensive outpatient specialty centers, South Nassau provides emergency
and elective angioplasty, and is the only hospital on Long Island with the Novalis Tx™ and Gamma Knife®
radiosurgery technologies. South Nassau is a designated Stroke Center by the New York State Department of
Health and Comprehensive Community Cancer Center by the American College of Surgeons and is an
accredited center of the Metabolic and Bariatric Surgery Association and Quality Improvement Program. In
addition, the hospital has been awarded the Joint Commission’s gold seal of approval as a Top Performer on
Key Quality Measures, including heart attack, heart failure, pneumonia and surgical care; and disease-specific

3. care for hip and joint replacement, wound care and end-stage renal disease. For more information, visit
www.southnassau.org.
-30-