Michael T. Burke, senior vice president and vice dean, corporate chief financial officer, joined NYU Langone Medical Center in 2008, assuming responsibility for the hospital and medical school finance departments. Since joining the Medical Center he has initiated a finance transformation process which entailed a complete assessment and overhaul of the existing business processes, systems and organization of NYU Langone. He has also been instrumental in transforming the financial performance and profitability of the Medical Center, increasing funds for capital investment, and raising the investment grade by all rating agencies.
Mr. Burke joined NYU Langone from Tufts New England Medical Center, where he had been senior vice president and chief financial officer since 2004. His 20+ years of experience in healthcare financial management also include four years as chief financial officer of Duke University Hospital (2000-2004) and five years with KPMG Peat Marwick (1995–2000). In both positions, Mr. Burke worked closely with all levels of leadership and the medical staff in developing innovative strategies to improve financial performance. While at Tufts, he also helped forge stronger ties with the wider university. At KPMG, where he was senior manager in the Health and Life Sciences Performance Improvement Consulting Practice, his clients included large academic medical centers, specialty clinics, community hospitals and HMOs. He also has a strong auditing background, having served as senior healthcare auditor for Price Waterhouse and senior auditor at the New York State Attorney General’s office for Medicaid fraud control.
Mr. Burke has an impressive track record in every facet of financial management: budget preparation and oversight, revenue cycle improvements, cost control, managed care contracting, project financing, strategic planning, acquisitions, and negotiations with state and federal agencies for the reimbursement of both clinical services and graduate medical education. He is also fluent in the types of broad initiatives we have under way at our Medical Center—from care management, to structural realignment, to growth strategies for clinical areas—and is well versed in the dynamics of process redesign and continuous quality improvement. Additionally, Mr. Burke was recently named to the Becker’s Hospital Review’s list of "Hospital Industry Leaders to know."
Mr. Burke is also a Certified Public Accountant in New York State and is a member of the New York State Society of CPAs. He is involved with a number of professional organizations including the Healthcare Financial Management Association (HFMA) and the Association of American Medical Colleges (AAMC) and serves on the provider advisory board of UnitedHealthcare.