Professor Wool served as the Chief Executive Officer of NYC Health + Hospitals - Queens from 2010 through 2015. NYC H+H - Queens is a 300-bed acute care teaching hospital affiliated with the Mount Sinai School of Medicine. During his tenure as the CEO, NYC H+H – Queens consistently achieved the highest patient and staff satisfaction scores of all NYC H+H hospitals.
Prior to assuming the position of CEO at NYC H+H – Queens, Mr. Wool served as the Chief Financial Officer of NYC H+H - Queens and NYC H+H - Elmhurst for twelve years. During this period, he led a corporate-wide LEAN project to improve clinical documentation and coding which resulted in increasing collections by $60 million per year.
Professor Wool has been an Adjunct Assistant Professor in the Master of Health Administration Program at Hofstra University since January 2016. Professor Wool has taught Health Policy and Analysis and Health Care Finance at Hofstra. Prior to joining the Hofstra faculty, he was an Adjunct Professor in the MBA and DNP Programs at Molloy College.
Professor Wool is particularly interested in the evolution of health care reimbursement from fee for service to value based payment and how this evolving payment methodology links health system and physician practice financial viability to improving patient safety, clinical outcomes, and patient experience.
Professor Wool received his Master of Public Administration Degree from CUNY, Baruch College with a concentration in financial management. He received certification in the LEAN business process improvement system and in the Just Culture/Patient Safety program at NYC H+H and served as an instructor and team leader for these programs. He completed executive development certificate programs at the NYU Wagner School and the New School.
This course incorporates topics of planning and financial decision making as applied to health-care organizations. This course will cover two main topics:
-Financial analysis both as a proactive exercise and a tool for organizational control.
-Issues of budgeting, cost determination, pricing and rate setting in a healthcare environment.
The course includes lectures, problem solving and a finance term project. Students should be prepared to discuss assigned problems and readings in class. The course integrates academic and practical approaches and perspectives on current health-care financial problems.