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Firing of RMCH CFO confirmed
Replacement named; Tyk accepts severance package
from RMCH
By Zsombor Peter
Staff Writer
Bob Tyk
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GALLUP Exactly one week after news that Rehoboth McKinley Christian
Hospital CFO Robert Tyk had been fired first surfaced, both parties have
officially confirmed the news. Tyk said he and the hospital finalized
the details of his severance package Wednesday and that he signed off
on the deal Thursday.
CEO Chuck Wright, meanwhile, who made the decision to fire his chief financial
officer, named comptroller Deb Mohesky as Tyk's replacement.
Neither Tyk nor Wright cared to share any details about the severance
package, although Wright did describe the negotiations leading up to the
final deal as "amiable."
The two men, who had been working together for only a matter of weeks,
were a little more expansive about the reasons for the abrupt split, but
not much.
Wright, who stepped in as CEO at the start of the new year, said he decided
the hospital would do better to consolidate the positions of chief financial
officer and comptroller. In explaining the difference between the two
roles, Wright described the CFO as more of a vice president with broad
oversight of the finance department and the comptroller as the person
who handles the details.
In deciding who should fill the dual role, Wright said he went for the
candidate with the most "hands on, detail oriented" skills.
It's not that Tyk didn't have those skills, Wright insisted: "It's
not a 'One is good, the other is bad' kind of situation."
It's just that Mohesky was, by his measure, the stronger of the two.
Then there was the matter of differing opinions.
"In this business," Tyk said, "it's not unusual for a CEO
to have his impressions of the way things should be."
Tyk declined to elaborate.
Just to break even, Wright said, the hospital must bring in roughly $1.25
million a week. In the past 15 weeks, it's managed to meet that mark only
four times. To improve that record, Wright believes that the first and
most important step is to get the hospital's billing and collection procedures
in order.
Tyk, Wright said, shared his concerns about the flaws in those procedures,
but implied that the former CFO favored tackling more of the hospital's
problems at once.
In contrast, Wright said, "I like to get one thing fixed and fix
it well, and then move on."
Their differences weren't so much about what the hospital had to do to
erase its $11 million deficit, he said, as about how much attention to
give each part of that job.
Tyk did not have much time to process Wright's decision. He got the news
the same day he returned from vacation, fully intent on carrying on the
work of reviving the hospital's financial health and in the process of
buying a house in Gallup.
"I know Bob was shocked, and I just don't feel good about that,"
Wright said, but time was of the essence.
Mohesky, who arrived at Rehoboth McKinley Christian Hospital at the end
of March, is on a month-to-month contract, Wright said, and will likely
stay that way until the hospital is back in the black, which he hoped
would happen by the end of the summer.
According to hospital spokesperson Elaine Bobo, it was Mohesky who carried
out the initial research that led to the discovery of the hospital's financial
losses, which surfaced last May despite warning signs according to board
members that stretched back to 2004.
It won't be the first time she's had to help turn a hospital's finances
around, Wright said.
"She's been in extraordinary turnaround situations before,"
he said. "Compared to what she's done, this is not a difficult position."
"I think for where we're at right now," Wright said, "she's
the right person."
As for Tyk, the ex-CFO said he planned on remaining in the health care
field and was looking into a number of opportunities around the country.
The hospital's financial troubles came to light just weeks after Tyk took
over the CFO role from predecessor Cory Dellelo, who left in February,
ostensibly for personal reasons. The news convinced some board members
they had been lied to by former CEO David Baltzer, who was dismissed months
later. Baltzer denied any wrongdoing.
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Friday
February 3, 2006
Selected Stories:
Firing of RMCH CFO confirmed;
Replacement named; Tyk accepts severance package from RMCH
Committee approves water user agreement
Search turns up 'items of interest'; Police
officials say Sanmarco executed her neighbor
Puppies, kittens ready for Spring Fling
Deaths
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