Bassett Corporate CFO Named

February 8, 2015

tengAfter an extensive national search that began last fall, Bassett Healthcare Network President and CEO Dr. Vance Brown announces the appointment of Michael Tengeres as Corporate Vice President and Chief Financial Officer (CFO) effective April 6. Mr. Tengeres takes over the Corporate CFO responsibilities held by Nicholas Nicoletta who retired December 31, 2014.

As Corporate CFO, Tengeres will be the financial, insurance, capital, debt and overall business strategist for Bassett Healthcare Network, which includes the network’s six hospitals, First Community Care of Bassett, At Home Care, Templeton Foundation and Friends of Bassett.

In making the announcement, Brown said, “We are fortunate to have Mike join Bassett. He brings extensive experience and expertise to the role of Corporate CFO that will be invaluable to our network as we continue our transition, under health reform, from a volume-based health care delivery system to a value-based model.”

Tengeres comes to Bassett from Cleveland Clinic where he is currently Senior Director of International Finance Operations. Cleveland Clinic, located in Ohio, employs 40,000 people and has operations in the U.S. as well as Canada and the Middle East.

“It is an exciting time to be in health care and an honor to have this opportunity to serve and work closely with leadership, caregivers, and surrounding communities in continuing to advance the Bassett Healthcare Network mission,” said Tengeres. “I look forward to building our relationships and the collective effort of further improving patient care.”

Tengeres is not a stranger to upstate New York. He grew up in the Rochester area and attended the University of Buffalo for his undergraduate degree. He obtained an MBA from the University of Rochester and began his career at the University of Rochester Medical Center. He then moved on to MedStar Health in Baltimore followed by the Cleveland Clinic where he has been for the past nine years, the last four as Senior Director of International Finance Operations.

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