CPA Gary E. Bie, Executive Vice President for Finance at Nassau Health Care Corporation, has been named the new Chief Financial Officer for Stony Brook University Hospital.
“Gary comes to Stony Brook with a wealth of knowledge in all areas of finance as well as a comprehensive understanding of New York’s unique environment,” said Hospital CEO Steven Strongwater. “He has more than 25 years of financial experience in the health care industry, which will be invaluable as we evolve to meet the challenges of the future.”
Bie has been with Nassau Health Care Corporation in East Meadow since 2001, most recently as Executive Vice President for Finance, where he led the team that achieved the first-ever operational surplus in 2009. Nassau Health Care Corporation is the parent company of Nassau University Medical Center.
Bie replaces current CFO Dennis Mitchell, who takes on the new role of Business Development Officer, which will involve leading the expansion of community physician and network activities and working to better position SBUH for health reform.
Prior to joining Nassau Health Care Corporation, Bie was Vice President of Finance and Chief Restructuring Officer for Episcopal Health Services Inc. in Bethpage from 1999 to 2001. He prepared an extensive restructuring plan for the $350 million health care system, successfully spearheaded the execution of a financial and operational turnaround under Chapter 11 bankruptcy protection, and managed the financial operations of the emerged entities—which posted consolidated profits of approximately $5-6 million per year.
Earlier Bie was CFO for Nova HealthCare Group in New York City from 1998 to 2000, and was CFO for Phymatrix Corporation in Valhalla, New York, from 1996 to 1998, where he was responsible for all financial functions of the joint venture management service organization. He began his career at Ernst & Young in New York City, and later worked in finance for various organizations, including The New York Chiropractic College in Old Brookville, Interfaith Medical Center in Brooklyn, and CHP, The Medical Group, in New Hyde Park, a 75-member multi-specialty group practice and division of the Long Island Jewish Medical System.