Scialdone made move to Memorial to become more involved with community

Filed under: One on One |

Mike Scialdone became a hospital CFO three years after graduating from college.

While doctors often have privileges at both Colorado Springs hospitals, it’s rare for upper level administrative staff to make that leap.
But Mike Scialdone has. After working at Penrose-St. Francis Health Center for three years, he moved earlier this month to Memorial Health System.
Scialdone said it was Memorial’s connection to the community — it is owned by the city — that led him to take the job.
“All the places I’ve worked have been part of much larger organizations,” he said. “Memorial only belongs to the community — and it’s such a great community, I wanted to be a part of it.”
Scialdone recently took time to tell CSBJ about himself and his company.
Organization: Memorial Health System
Position: Chief Financial Officer
Hometown: Kings Park, N.Y.
How long have you lived in Colorado Springs: Three years
Education: Bachelor’s degree in finance from Auburn University. I went to Auburn because I thought it would be a big change from New York.
A few words about your company: Memorial Health System is an award-winning provider of comprehensive health care services for Colorado Springs and southern Colorado. Memorial consists of more than a dozen facilities throughout El Paso County, including three hospitals — Memorial Hospital Central, Memorial Hospital North and the only children’s hospital in southern Colorado, Memorial Hospital for Children, in partnership with The Children’s Hospital of Denver.
Community-owned and local, Memorial is committed to providing highest quality health care for Colorado Springs and the surrounding community without taxpayer support.
Recent accomplishments: I was named chief financial officer for Memorial Health System. I’ve been very impressed with the community, and I see Memorial as a huge asset, one that is locally owned and controlled. I have the ability to impact its mission and to be able to apply my talents to help the local community — that’s very important.
I felt a strong connection with the new CEO and wanted to help achieve his vision. I want to use my talents to make that happen. The ability to give back this way is a great opportunity.
Biggest career break: I obtained my first hospital chief financial officer position only three years after graduating from college. After I graduated, I went to work with HCA in Florida. Three years later, I was offered the first chief financial officer position. I was there for 17 years.
The toughest part of your job: Making sure adequate resources are available to grow the quality and scope of our services.
Someone you admire: Jesus Christ
About your family: My wife, Nancy, and I have been married 20 years and we have three children, Matthew, 13, is in Cheyenne Mountain Junior High. Amanda, 11, and Nicholas, 7, are both students at Pinon Valley Elementary school. Nancy is a member of PTO at both campuses and was named District 12’s volunteer of the year last year.
Something else you’d like to accomplish: To be a part of a leadership team that fosters an outstanding health care system where patients heal and people thrive.
How your business will change during the next decade: We must continue to focus on access and affordability of health care. It’s going to be more important to ensure that we have the resources needed to grow services.
Health care will have great advances from medical standpoint, but from my standpoint as the CFO, I want to ensure that we have resources needed, especially in a challenging environment. In the future, those financial resources are going to become more scarce. My job is to make sure that we are being very efficient and effective at what we do.
What book are you currently reading? The Bible
What is the one thing you would change about Colorado Springs? I wish Colorado Springs was closer to family.