April 7, 2016
Hackensack University Health Network and Hackensack University Medical Center hosted the Annual Meeting of the Boards on Wednesday, April 6, 2016, at the Pleasantdale Chateau in West Orange, NJ. Nearly 600 board, team and community members joined with elected officials and industry executives to hear about the latest developments for both HackensackUHN and HackensackUMC.
Robert C. Garrett, president and CEO of Hackensack University Health Network, was the featured speaker of the evening, offering a detailed overview of the accomplishments of HackensackUHN and HackensackUMC.
“I’m proud to say we had a remarkable year in 2015 – one that we’ll look back on and say it was one of the years that absolutely defined us,” Garrett said. “I stand before you today with great pride. Hackensack University Health Network is leading the way in innovation – fiscally sound – with a world-class clinical team able to adjust to an ever-changing healthcare landscape.”
In his speech, attendees heard exclusive, breaking news, such as HackensackUHN’s new partnership with Uber – the first of its kind in the world. Garrett also announced a new groundbreaking telehealth partnership with American Well for ConvenientCare Now by Hackensack University Health Network. He also discussed the signing of a letter of intent with Panasonic, as well as a Professional Services Agreement with Summit Medical Group.
This year’s meeting marked the three-year “passing of the gavel,” or change in board leadership. Each chair spoke before passing on the gavel. Ulises E. Diaz, chairman of the HackensackUMC Foundation Board of Trustees, was succeeded by Lawrence R. Inserra Jr., chairman of the HackensackUMC Board of Governors. Inserra was succeeded by Richard W. Henning. Joseph Simunovich, chairman of the Hackensack University Health Network Board of Trustees, will remain in his current position.
The meeting began with the singing of the national anthem and “America the Beautiful,” performed by Radha Martinez, as well as an invocation from Reverend Eliott Cruz from HackensackUMC Palisades. The new president of HackensackUMC, Ihor S. Sawczuk, M.D., presented an overview of flagship hospital, HackensackUMC, and other speakers included Sharad Sahu, M.D., chairman of the Medical Executive Committee; Frank DeCongelio, treasurer of the HackensackUMC Board of Governors; and Peggy Liosi, president of the Auxiliary of HackensackUMC.
DeCongelio reported, “The Network had its best year ever in 2015 with an operating margin of $88.5 million. This surpasses the previous record operating margin of $74.9 million, set only one year ago, by $13.6 million.”
Outgoing board members who were recognized included: James R. Beattie, Esq., Ignazio Cangialosi, J. Fletcher Creamer Jr., and Joseph M. Sanzari. Two board members were recognized for 25 years of service to the board: J. Fletcher Creamer Jr. and Joseph Simunovich. Anthony Scardino was recognized for his 30th year of service.
The boards also recognized the recent passing of Justice Marie Garibaldi, who was to become the first female chair of the HackensackUMC Board of Governors. In her honor, she was named honorary chairwoman for the day. Garrett also announced that in tribute to her, the Medical Plaza Building, located at 20 Prospect Avenue, will now be known as the Justice Marie Garibaldi Medical Plaza.
“The boards of both the HackensackUMC Foundation and Hackensack University Health Network confirmed and approved that Justice Garibaldi’s service, legacy and generosity warranted something even more visible and lasting,” added Garrett.
The floor was opened to questions from the audience and when the meeting was adjourned, guests were invited to a reception immediately following.
To view Hackensack University Health Network’s annual report online, please visit: www.hackensackUMC.org/annualreport2015.
Photo: Hackensack University Health Network and Hackensack University Medical Center hosted the Annual Meeting of the Boards on Wednesday, April 6, 2016, at the Pleasantdale Chateau in West Orange, NJ. From left to right: Frank J. Vuono, chairman, Hackensack University Medical Center Advisory Board of Directors; Joseph Simunovich, chairman, Hackensack University Health Network Board of Trustees; Robert C. Garrett, president and chief executive officer, Hackensack University Health Network; Richard W. Henning; chairman, Hackensack University Medical Center Board of Governors; Lawrence Inserra Jr., chairman of the HackensackUMC Foundation Board of Trustees; and Ulises E. Diaz, HackensackUMC Foundation Board of Trustees.
About Hackensack University Health Network
Hackensack University Health Network is the New Jersey-based parent company of HackensackUMC, HackensackUMC Palisades, the HackensackUMC Foundation, Hackensack University Medical Group, and corporate joint venture partners with LHP Hospital Group in ownership of two hospitals: HackensackUMC at Pascack Valley and HackensackUMC Mountainside. In 2015, HackensackUHN welcomed Englewood Hospital and Medical Center as an affiliate hospital. In May 2015, HackensackUHN signed a definitive agreement to merge with Meridian Health; creating one, integrated healthcare delivery system, known as Hackensack Meridian Health. In June 2015, HackensackUHN and Seton Hall University announced a definitive agreement to form a new, four-year school of medicine – the only private medical school in New Jersey. HackensackUHN also enjoys clinical and academic affiliations with some of the nation’s most well-renowned health systems, hospitals and universities, including: Aetna, AllSpire Health Partners, CityMD, Georgetown Lombardi Comprehensive Cancer Center, Good Samaritan Regional Medical Center, Horizon Blue Cross and Blue Shield of New Jersey; MedStar Georgetown University Hospital, MinuteClinic, NYU Langone Medical Center’s Division of Pediatric Surgery, OMNIA Health Alliance; Rutgers Medical School, St. George’s University, Stevens Institute of Technology, Summit Medical Group, The Statesir Cancer Center at CentraState, and United Surgical Partners International. With more than 10,800 employees, 3,300 credentialed medical staff members and 1,717 hospital and nursing home beds at hospitals within the Network, Hackensack University Health Network is one of the largest healthcare systems in New Jersey.