Chief Financial Officer has a personal commitment to mental health and addiction treatment04/06/17 06:54:am
As executive vice president and chief financial officer, Michael Hedrick is responsible for ensuring a sustainable economic model for Rogers Behavioral Health. With that goal at the forefront, he oversees comprehensive financial and management reporting and ensures the development of a technology infrastructure that is scalable as we grow.
Helping organizations grow is nothing new for this CFO. In former roles as a financial executive, strategic advisor, and board member, Michael has provided growth-oriented companies with business and financial leadership for more than 30 years. He served as managing director with BMO Capital Markets and was instrumental in building a nationally recognized corporate finance practice and raising billions of dollars in capital. In another CFO role for a real estate lender/consultant, he developed the financial platform that supported the firm as it doubled in size over three years and expanded into four new states.
Michael was first acquainted with members of Rogers’ executive team back in 2006. Like many others, his family had lost loved ones to untreated behavioral health disorders and addiction, and he and his family began contributing to the Rogers Memorial Hospital Foundation. Several years later, he was invited to serve on the Rogers Partners board of directors and then provided some consulting services in the development of the hospital project in Brown Deer. In 2013, Michael joined Rogers as Chief Financial Officer with the goal of furthering the growth and development of Rogers’ clinical services.
“Being able to work at Rogers is a blessing for me personally, professionally, and spiritually. This team of clinical, operational, and management staff is uniquely positioned to build an ever more powerful source of healing in the behavioral health space,” shares Michael. “Our teams are working hard to get it right and help Rogers toward that goal,” he adds.
“Michael breaks the mold of the traditional hospital CFO type as he always prioritizes our patients and bases decisions on ensuring they receive the best care possible,” relates Pat Hammer, president and CEO. “That often means taking a more holistic approach to managing our budget and finances.”
Michael takes his responsibilities seriously, adding, “As a nonprofit organization, we provide charitable care to patients in financial need and also serve as stewards of the resources granted to Rogers. This means we must always balance access to services, clinical effectiveness, and the long-term sustainability of our programs to continue helping our patients, their families, and the communities we serve.”
Getting to know Michael Hedrick
Michael says he and his wife, Susan, are pretty quiet people. They love to visit their children in Texas and Ohio and enjoy going to concerts and shows in the area. “I’m happy that now that we are in Oconomowoc, we’ve been able to give my wife her longtime dream of living in ‘a house in the woods’ and we get to enjoy time outdoors,” shares Michael. “Our third member of the household is Nicki, a four year old golden retriever, and she also loves the yard and woods.”
Fun fact: Michael is a bit of a classic rock fan and over the years has collected over 2,800 digital albums, more than 250 concert DVDs, and 50+ framed pictures and posters of performances he has attended. “My favorites are the ones from college days (David Bowie/Doobie Brothers) and from shows which my daughters and I saw together (Linkin Park/No Doubt),” he says.