The Board of Trustees for Sheridan Memorial Hospital recently met for a financial strategic planning discussion. Hospital CEO Mike McCafferty says that they wanted to sit down and reaffirm the hospital's strategic planning goals specifically related to growth areas in the different services provided at the hospital.
Along with construction of the new Welch Cancer Center, Sheridan Memorial will also implement a new electronic medical record system in August of 2012. Both of those projects are in the neighborhood of $9 million a piece.
As part of their five year strategic plan, the hospital is also looking at growth in the area of Intensive Care and building an additional Medical Arts Complex.
McCafferty stated that there are two key principals that are a part of the five year financial plan.
McCafferty said that they have been able to keep in place those two principals as they look at their funding and financing options for their five year plan.