The McCready Foundation in Crisfield, Maryland

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Crisfield – Charles F. Pinkerman of Princess Anne, the Chief Executive Officer who guided McCready Hospital from financial collapse to profitability over the last ten years, has retired.

Pinkerman’s colleagues, family and friends celebrated his retirement with a reception in the new Alice B. Tawes Nursing & Rehabilitation Center at the McCready Foundation in Crisfield on October 1.

It was under his administration that McCready accomplished the planning, funding and construction of the replacement nursing home which opened there last month.

Pinkerman came to McCready seven years ago to work in the accounting department as chief financial officer and then accepted the position of CFO/CEO.

By that time, McCready had lost $3.5 million for three years in a row. As he leaves that post, the McCready Foundation has moved out of financial failure to become an organization with the savings it needs to grow to serve the health and elder care needs of Somerset County and adjoining areas.

In addition to managing the construction of the new nursing home building – which includes a 30-bed assisted living center to open this Fall – Pinkerman revived McCready’s outpatient clinic and doctors’ offices to avert their closure. He closed the underutilized Peyton Center psychogeriatric unit and negotiated a settlement for eight years’ worth of money ($550,000) due in state Medicaid payments.

In addition to his financial accomplishments at McCready, he and its staff significantly improved the quality of patient care. McCready received four Delmarva Foundation quality awards during the past four years and Pinkerman was presented with two of the Foundation’s CEO Awards for Excellence in Quality Improvement. The Delmarva Foundation is the Centers for Medicare and Medicaid’s quality improvement organization for Maryland and the District of Columbia.

Before he and his wife, Carol, moved here from Michigan, Pinkerman earned a reputation for specializing in helping small hospitals in trouble, preventing their closings and fostering expansions. His last and longest professional post was as Administrator of Madison Community Hospital in Madison Heights from 1970 to 1999.

McCready Foundation CEO Retires