|Michael J. Schaefer
Methodist Health System's executive vice president and chief financial officer Michael Schaefer has been honored by selection as recipient of the Lifetime Achievement Award in CFO of the Year recognitions by the Dallas Business Journal. Schaefer, who has served Methodist for more than three decades, was honored during a gala awards luncheon Oct. 21 in Dallas. Award recipients and finalists will also be featured in a special edition of the publication.
"Michael is an exceptionally skilled CFO, but is also uniquely gifted in so many other areas as well," says Dr. Stephen L. Mansfield, FACHE, Methodist Health System president and CEO. "Methodist is deeply honored that Michael has chosen our organization as the place where he serves. It is our privilege to benefit from the integrity, dedication, and expertise of this humble servant leader with extraordinary talents."
Not only Methodist, but North Texas has benefitted from the honoree's contributions to this region, says Dr. Mansfield, explaining that Schaefer's leadership has been key to development of the Methodist Hospital for Surgery facility in Addison and Methodist Hospital in McKinney, and unprecedented growth of Methodist Health System in the past four years, with far-reaching beneficial impacts for the region.
Schaefer has served as EVP/CFO since 1982. He joined the organization in 1979 when it was still known as Methodist Hospitals of Dallas; serving as controller from 1979 to 1981; and assistant vice president of finance during 1981-1982. Prior to working with Methodist, he was an audit supervisor with Ernst & Ernst (now Ernst & Young) in Dallas.
"He's one of the great role models for an effective, compassionate CFO – or any other top organizational administrator. Michael is a leader in our community as well as in his company, and is definitely a consummate professional from whom younger financial and other corporate leaders can learn many lessons - particularly in what is often referred to as servant leadership," says Dr. Mansfield. "His wise, conservative approach to helping to provide a sound financial foundation
footing for the organization he serves is one worthy of emulation in business leadership posts throughout the country."
Schaefer serves the Dallas County Indigent Care Plan, which Methodist participates in as part of its community support for expanding care for the uninsured and charitable care in Dallas County. He works in a guiding group with three other health system CFOs in this vital work. In an additional community service role of far-reaching consequence, he provides leadership on the board of directors for CareFlite - an emergency medical transport service which has assisted residents throughout North Texas for more than 33 years in their most critical times of medical care need. Methodist is a founding member of CareFlite and Schaefer has been active in its support throughout its history.
His first community service role was serving on church committees and eventually chairing his church administrative board. He has also served as chairman of the board for Project Transformation, a ministry of the United Methodist Church which brings approximately 100 college students to Dallas each summer to run summer enrichment programs for underserved elementary and junior high children. Currently, he serves on the board of UMR Communications, a nonprofit providing communications services and resources to the Christian community. He says that community service has helped him develop his faith, and enabled him hopefully to contribute to the faith and well-being of others.
See a photo of Schaefer at: http://www.methodisthealthsystem.org/michaelschaefer
About Methodist Health System
Guided by the founding principles of life, learning, and compassion, Methodist Health System (Methodist) provides quality, integrated care to improve and save the lives of individuals and families throughout North Texas. Methodist Dallas Medical Center, Methodist Charlton Medical Center, Methodist Mansfield Medical Center, Methodist Richardson Medical Center, Methodist Midlothian Health Center, and Methodist Family Health Centers are part of the nonprofit Methodist Health System, which is affiliated by covenant with the North Texas Conference of The United Methodist Church. Additional information is available at www.methodisthealthsystem.org. Connect with them through Facebook, YouTube and Twitter at www.methodisthealthsystem.org/socialmedia.
Methodist Health System Public Relations