PATERSON, NJ - A successful 42-year career in the finance field is coming to an end for Dennis Roemer, Senior Vice President, Chief Financial Officer, St. Joseph’s Health. According to hospital officials Roemer will retire in December 2020.
“My decision comes with mixed emotions. Serving this organization for the past several years has been my greatest honor and privilege, but our family is also excited to move to the next phase in life,” he said. “It’s the right time.”
Roemer began working with the Paterson based healthcare giant in 2016 and during this time contributed a great deal to the organization, playing a critical role in achieving many strategic objectives, a statement read. Under his leadership, the system routinely held solid financial ratings from major rating agencies, and maintained a strong balance sheet and liquidity position.
"Our board of trustees is deeply grateful for Dennis' meaningful contributions," said Sister Marilyn Thie, SC, Chairperson of the St. Joseph’s Health Board of Trustees. “He provided exceptional leadership and financial stewardship at a critical time of growth and development.”
Roemer is credited with maintaining positive margins in challenging times, rapidly maturing population health management initiatives, expanding payer relationships, and securing a sound employee retirement program.
Also praising Roemer was Kevin Slavin, President and CEO of St. Joseph’s Health, who said the financial wizard “built a strong financial foundation that will allow St. Joseph’s Health to continue accomplishing great things in the region for many years to come.”
“His visionary leadership and commitment to financial health have set the stage for numerous exciting opportunities – while sustaining our mission to the poor and vulnerable.”
Other initiatives Roemer was instrumental in achieving at St. Joseph’s include trimming employee healthcare costs, launching a Medicare accountable care organization, and bringing structure and strategy for the organization’s invested funds.
“I have thoroughly enjoyed working with many wonderful people at St. Joseph’s; together we have achieved tremendous progress,” said Roemer. “I am proud of this organization and believe in all the work our employees and medical staff does to take care of this community.”
Prior to joining St. Joseph’s Health Roemer had a long healthcare consulting career with KPMG as a Partner, and then served as CFO at three previous organizations, the last being St. Joseph’s Health. Roemer earned his Bachelor of Business Administration and Master of Business Administration degrees from Cleveland State University. He is a member of the American and Pennsylvania Institute of Certified Public Accountants, Healthcare Financial Management Association, and American College of Healthcare Executives. His reputation extended beyond the confines of this employer as he was selected by Becker’s as one of the top 150 CFOs to know in 2014, and awarded The CFO Excellence Award in 2018 for “Leadership in Driving Transformational Change in Middle Market Companies."
“Dennis has been an incredibly effective CFO for St. Joseph’s, and an amazing collaborator and colleague as a part of the Executive Team. We thank him for his many contributions and wish him well as he begins the next chapter of his life,” added Slavin.
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